Card Comparison: Low/No Fee 0% Balance Transfer Credit Cards - October 2008

Posted by brady

October 12, 2008

In the past few months, people are seeing a declining volume of 0% balance transfer offers. By 0% balance transfer offers, I am referring to not only 0% introductory rate, but also with low balance transfer transaction fee. For this reason, Clear from American Express Card doesn’t fall into our list, although it charges no balance transfer fee, it does charge a fixed 5.99% BT rate.

In my August post, I promised to follow up with updated listing of good balance transfer offers. Here is our October list:

Card Name	BT APR, credit needed and credit limit	Transaction Fee
Bank of America PetRewards® Platinum Plus® Visa®	0% for 6 mths, requires Good credit	None
Discover® Miles Card	0% until the last day of the billing period ending during October 2009. Balance transfers must be made before Jan. 1, 2009, requires Excellent credit	3% with a $75 cap
Discover® More Card	0% until the last day of the billing period ending during October 2009. Balance transfers must be made before Jan. 1, 2009, requires Excellent credit	3% with a $75 cap
Discover® Open Road Card	0% until the last day of the billing period ending during October 2009. Balance transfers must be made before Jan. 1, 2009, requires Excellent credit	3% with a $75 cap
Advanta Platinum with Unlimited Rewards	0% for 15 mths, requires Good credit, max credit limit: $50,000	3% balance transfer fee with a minimum $10 and maximum $90
The Kiva BusinessCard from Advanta	0% for 15 mths, requires Excellent credit	3% balance transfer fee with a minimum $10 and maximum $90
BP Rewards Visa®	0% fixed APR for 12 months (Elite and Premium pricing) or three months for Standard pricing), requires Good credit	3% with a $99 cap
Chase Business Rebate Visa®	0% for up to 12 mths, requires Good Credit	3% with a $99 cap
Chase Free Cash Rewards Platinum Visa®	0% fixed APR for 12 months (Elite and Premium pricing) or three months for Standard pricing), requires Good Credit	3% with a $99 cap
Chase Business Platinum Visa®	0% for up to 12 months (only those balances that are business expenses may be transferred), requires Excellent Credit	3% with a $99 cap

Important Disclaimer: the credit cards information in this post were accurate as of the date of publishing, some or all of the card programs may be discontinued, their terms may be changed after wards.