Due to a rising amount of emails concerning how to transfer balances online and other related questions including information about the best balance transfer credit cards, it seems pertinent to address the topic of the ever evloving balance transfer credit card.

0% terms, transaction fees (balance transfer fees), and variable rates for balance transfer credit cards change very frequently. There was a time when fees were 3% of the total transaction and capped at $75, but this is no longer the case. Though certain issuers still adhere to this principle, there some that don't. When choosing a balance transfer credit card it is important to examine the following aspects:

Balance Transfer Fees:
No fee balance transfers are definitely a good way to save yourself money. 3% of sums can get expensive if the total is large and even a cap of $75 doesn't help in some circumstances. Unfortunately, it is very difficult to find no fee transfers with 0% terms more than six months. Several offers come with 0% for 1 year but will still charge the 3%. If you need the time to get your finances in order and can cope with this, it may not be a bad idea as you will pay no interest for a longer period of time.

0% Terms:
Always look for a 0% term for these cards. Failure to do so will not really save you that much money unless you are paying a very high interest rate on your existing card. Select an offer with 0% for at least 6 months.

Variable Rates After Intro Terms:
If you have good credit, choose a card with a low apr after the intro term. Variable rates for balance transfer credit cards may come as low as 8.99%. If you have a clean credit history, you should be looking for one of these offers between 7.99-10.99%.

Best Online Balance Transfer Credit Card Deals: