The Reason Why The Discover Platinum Credit Card Is Very Popular for Transferring Balances
Lately, I've been getting emails from folks asking why the Discover Platinum credit cards are so popular for balance transfers. Why do savvy consumers chose Discover over the competitors?
Well, folks, it's really quite simple: Discover offers the best value.
The Discover Platinum Card offers an interest-free period of 12 months for both transferred balances and new credit card purchases. Generally speaking, other credit cards typically only offer an interest-free period for balance transfers, and charge interest on new purchases.
Discover Platinum is also a rewards credit card: icing on the cake!
Last, but certainly not least: there's no annual membership fee with the Discover Platinum card.
NB: The Discover Platinum Card used to be a "no balance transfer fee" card, but you'll have to pay a fee for transferring balances now: 3% for each balance transfer, with a minimum of $10 and a maximum of $75.
We like the following 3 flavors of the Discover Platinum Card (Update: "Discover Platinum" has been renamed to "Discover More"):
OK, now I know that for some of you, the next question is:
If the above describes your situation, then we have good news for you: Right now, there are two Citibank credit cards that offer a 12 month, interest-free period on transferred balances with no balance transfer fee. The tw0 cards are:
It's also important to remember that credit card offers can change at any time, so if you plan on taking advantage of any offer recommended here today, you shouldn't procrastinate.
Free Balance Transfer Update #1: Click here for more free (no-fee) 0% Intro APR Balance Transfer Offers.
Free Balance Transfer Update #2: Free (as in no fee) for transferring balances to the Pulaski Bank Visa Gold Card.
Before you go, please vote in the credit card balance transfer online poll. Thanks!
Well, folks, it's really quite simple: Discover offers the best value.
The Discover Platinum Card offers an interest-free period of 12 months for both transferred balances and new credit card purchases. Generally speaking, other credit cards typically only offer an interest-free period for balance transfers, and charge interest on new purchases.
Discover Platinum is also a rewards credit card: icing on the cake!
Last, but certainly not least: there's no annual membership fee with the Discover Platinum card.
NB: The Discover Platinum Card used to be a "no balance transfer fee" card, but you'll have to pay a fee for transferring balances now: 3% for each balance transfer, with a minimum of $10 and a maximum of $75.
We like the following 3 flavors of the Discover Platinum Card (Update: "Discover Platinum" has been renamed to "Discover More"):
OK, now I know that for some of you, the next question is:
"What if I've already transferred my credit card balance(s) to a Discover account? I know I can't transfer from one Discover credit card to another, so what to do? I want a first-class, fee-free balance transfer offer, and I won't settle for anything less!"
If the above describes your situation, then we have good news for you: Right now, there are two Citibank credit cards that offer a 12 month, interest-free period on transferred balances with no balance transfer fee. The tw0 cards are:
- Citi® Driver's Edge® Platinum Select ® Card
-- 0% APR on transferred balances for 1 year
-- no balance transfer fee
-- no annual membership fee - Citi® Home Rebate Platinum Select® MasterCard®
-- 0% APR on transferred balances for 1 year
-- no balance transfer fee
-- no annual membership fee
It's also important to remember that credit card offers can change at any time, so if you plan on taking advantage of any offer recommended here today, you shouldn't procrastinate.
Free Balance Transfer Update #1: Click here for more free (no-fee) 0% Intro APR Balance Transfer Offers.
Free Balance Transfer Update #2: Free (as in no fee) for transferring balances to the Pulaski Bank Visa Gold Card.
Before you go, please vote in the credit card balance transfer online poll. Thanks!
Labels: credit_card_review, discover_credit_card, free_balance_transfer, no-fee_balance_transfer, no_annual_fee, zero_percent_APR, zero_percent_balance_transfer
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posted by FedPrimeRate.com | 10/20/2006 02:49:00 PM
2 Comments:
I have about 30K in CC debt on two cards, that don't give much in the way of cash back or points.
I have inherited about 30K and want to pay them off but was wondering if I could transfer the 30K to a card that has good cash back or points and then pay it off 100%, thus netting the points for cash for that.
Is that feasible?
> transfer the 30K to a card
> that has good cash back
> or points and then pay it
> off 100%, thus netting the
> points for cash for that.
> is that feasible?
I review credit card term & conditions a lot, and I've never come across a credit card that would allow you to do what you are asking about. For example, here's a clip from a Discover Platinum card offer:
"...Balance transfers do not earn a Cashback Bonus®..."
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