SOURCE: Smart Balance Transfers

0 balance transfer, 0 apr balance transfer, no balance transfer fee, 0% balance transfer

January 10, 2011 06:00 ET

Reduce Credit Card Debt With 0% Balance Transfer Offers

NORWALK, CT--(Marketwire - January 10, 2011) - It's a new year and that means it's time for New Year's resolutions. For many Americans, 2011's resolutions involve reducing credit card debt. While paying down credit card debt is no easy feat, a 0% balance transfer can play a critical role in any debt reduction plan, says, a website that allows visitors to compare balance transfer offers and apply for money saving deals online.

Consumers who take advantage of 0% balance transfers can save a substantial amount of money on interest during the course of a 0% period and many may even be able to eliminate their credit card debt completely. The only cost involved with balance transfers is a small transaction fee, typically 3%. While there are some no balance transfer fee credit cards, most people can benefit more from paying a fee and getting a longer 0% rate.

"Citibank recently extended its industry leading 0% APR balance transfer offer on the Citi Platinum Select Card from 21 months to 24 months, making it the longest 0% balance transfer deal available today," said Jeff Weber of "The amount of money that can be saved with a 0% APR on balance transfers for 24 months is amazing, even when factoring in the 3% transaction fee that Citibank charges."

For example, a person with $5,000 of credit card debt on a card with a 15% interest rate who pays $150 a month would spend $1,508 on interest over four years to repay their debt. With a 0% APR balance transfer that lasts 24 months, this person would pay a $150 transfer fee, but reduce interest/expenses to $270 and be debt free in three years. The total savings with a 0% balance transfer for 24 months could be $1238.

At consumers can compare a wide variety of 0% APR balance transfer offers from leading banks and utilize the website's balance transfer calculator to find 0% credit cards that can help reduce credit card debt and save money on interest.

About Smart Balance Transfers: has been providing its visitors with detailed information on balance transfer credit cards and balance transfer offers since 2007. For more information or to apply for a balance transfer online, please visit

Contact Information

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    Jeff Weber