Discover 24 Month Promotional 0% Balance Transfer Card Is Ratcheted Back to 18 Months

Discover's 24 Month Promotional Balance Transfer card, which offered 0% intro APR on transferred balances for a full 2 years, is no longer available. Not good news, but please don't shoot the messenger!

But today's credit-card news isn't all bad.

Discover has a new promotional, long duration, 0% balance transfer credit card, which offers 0% intro APR on transferred balances for 18 months. This card has no annual fee, but has a 4% balance transfer fee.

Yes, 2 years of freedom from paying interest on credit-card debt is awesome, but, hey, a year and a half of freedom from interest is pretty darn good too.

You can find Discover's new long duration 0% balance transfer card here.

NB: The 18 Month Promotional Balance Transfer card won't be available forever (hence "promotional") so if you plan of taking advantage of this particular offer, procrastination is not recommended.

And, yes, there's even more positive news.

Discover has a new 15 Month Intro APR card, which offers 0% intro APR on both new credit-card purchases and transferred balances, for a full 15 months. You can find this high-value card here.

So, as of May 3, 2011, the two cards described in this blog entry are currently the best 0% credit cards available in the American market. Enjoy!

For more, visit this page.

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24 Month 0% Card from Discover Lives On

First, the bad news: the Discover No Balance Transfer Fee card is no more.
The good news: The Discover 24 Month Balance Transfer card, which offers 0% intro APR on transferred balances for a full 2 years, is still available. The 24 Month card, which was to be discontinued along with No Balance Transfer Fee card, lives on, as Discover decided to keep it alive indefinitely. So, as of March 1, 2011, the best 0% credit card in the American market is Discover's 24 Month Balance Transfer card.

For more, visit this page.

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New Offer Added: The Pulaski Bank Visa Gold Card

Credit Card

0% Intro APR balance transfer deals are great, but feeless (as in no transaction fee for transferring credit card balances) zero percent deals are even better -- much better! If you are partial to no-fee, zero percent intro APR offers, then we have some great news for you: we've researched and reviewed the Pulaski Bank Visa Gold Card, and added it as a recommended credit card here www.FedPrimeRate.com. Key benefits:

• 0% Intro APR on transferred balances for 6 billing periods
• No balance transfer fee
• No annual membership fee
• A very competitive "go to" rate (FYI: the go to rate is the credit card's annual percentage rate that takes effect once the interest-free period ends.)

It would nice if the zero percent intro APR feature associated with the Pulaski Bank Visa Gold Card included new purchases (à la the Discover Platinum card and the American Express INSIDE Rewards cards, et al.), but it doesn't.

However, it's important to note that the current "go to" rate with this card is highly competitive at 9.5% -- that's a mere 1.25% above the current U.S. Prime Rate. Compare the Pulaski Visa Gold's go to rate to this website's #1 choice: the Discover Platinum card, which has a go to rate as low as 10.99%.

If you decide to signup for the Pulaski Bank Visa Gold Card -- or if you already have one in your purse / wallet -- please feel free to post a review of the card by clicking the "comments" link below. Thanks!

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New Offer Added: The GM Flexible Earnings Card

HSBC Credit Cards

We recently examined the terms and conditions associated with the GM Flexible Earnings Card, and decided that -- with the card's current features and benefits -- it deserves to be recommended here at www.FedPrimeRate.com.

You'll have to pay a fee for transferring balances to the GM Flexible Earnings Card (also known as the GM Flex Card):

...3% ($15 minimum/$75 maximum) for advances by Balance Transfer Checks included in your Welcome Package; thereafter, 3% ($15 minimum) will apply, unless otherwise disclosed...

but on the positive side, it has some great benefits, including:

• 0% Intro APR on new purchases and transferred balances for 12 billing cycles
  
• No annual membership fee
  
• Attractive rewards:
  
  

  ...earn 1% cash back on every single credit card purchase, 1% toward any vehicle or a full 3% toward a brand new, eligible GM car, truck or SUV...

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0% Intro APR Balance Transfer Credit Cards from American Express -- and You Won't Have to Pay A Balance Transfer Fee

American Express Credit Cards

Here at www.FedPrimeRate.com, we are constantly on the lookout for the best 0% credit card deals. We live and breath credit card balance transfers, for the simple reason that 0% introductory annual percentage rate (APR) credit cards are, quite easily, the most consumer-friendly financial tools available today.

Allow me to present the anatomy of the perfect 0% intro APR credit card offer -- in my humble opinion, of course. Here are the attributes:

• 0% Intro APR on both transferred balances and new credit card purchases for at least 6 months
  
• No balance transfer fee for the initial balance transfer(s).
  
• No annual membership fee
  
• A competitive "go to" rate (FYI: the go to rate is the credit card's annual percentage rate that kicks in once the interest-free period ends.)
  

Right now, the best 0% credit card is the Discover Platinum card, a card that -- believe it or not -- meets all of the above-listed requirements! Citibank (Citi) also has 2 excellent credit cards that meet all of the above, except that they don't offer a 0% intro APR on new credit card purchases.

American Express® Now Has Three, 0% Credit Cards That Are..."Perfect"

Some exciting news for credit card balance transfer fans all across the country: American Express has a new set of consumer credit cards that qualify as "perfect 0% credit cards" -- perfect by my definition anyway -- and these cards offer rewards to boot. They are the American Express INSIDE Rewards cards. Details below:

• IN:LA Card from American Express
  
  
  • 0% Intro APR on transferred balances AND new credit card purchases for 6 months
    
  • no balance transfer fee for the initial balance transfer(s).
    
  • no annual membership fee
    
  • competitive "go to" rate (factors including your credit rating will determine how low your go to APR will be)
• IN:CHICAGO Card from American Express
  
  
  • same benefits as the IN:LA card above
• IN:NYC Card from American Express
  
  
  • same benefits as the IN:LA card above

Of course, it's always important to remember that the terms, conditions, features and benefits of the credit cards we recommend at this website and blog are not set in stone, and therefore can change at any time. So if you plan on taking advantage of any credit card offer recommended here, try not to procrastinate.

Looks like the competition among the major credit card companies is heating up. Let's hope the trend continues!

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The Reason Why The Discover Platinum Credit Card Is Very Popular for Transferring Balances

Discover Credit Cards

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"):

• Discover® More Card- American Flag
  
• Discover® More Card
  
• Discover® More Card - Wildlife Collection

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

Remember: the interest-free period for the above-listed Citibank credit cards is for transferred balances only, not for new purchases, so you'll have to stay disciplined if you signup for one of these offers.

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.

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