SOURCE: Creditnet


December 03, 2013 16:06 ET

The Best Balance Transfer Credit Cards of 2013, Ranked by

NEW YORK, NY--(Marketwired - Dec 3, 2013) -  Today,, a leading website on credit cards, announced the top three balance transfer credit cards. Balance transfer credit cards allow you to transfer your debt from one card to another. By consolidating all your debt onto one card, you can shift high interest credit card balances to low interest cards so you can pay off your debt easier.

To create their ranking of the best balance transfer credit cards, experts from Creditnet considered many factors, including balance transfer terms, introductory offers, reward programs, customer reviews, and expert opinions. According to Creditnet's findings, here are the top three balance transfer credit cards available for consumers today:

1. Discover it

Discover it offers a 0% APR introductory period on balance transfers for 18 months, and a 0% APR introductory period on purchases for 6 months. This is the longest intro period of any balance transfer cards, so it gives you the longest time to pay back your debt. Cardholders earn 5% cash back on up to $1500 in specific purchases that change each quarter (currently for online shopping) and 1% cash back on all other purchases. Furthermore, there are no annual fees, overlimit fees, or foreign transaction fees. With their excellent reward program, generous cash back, and low interest rates, the Discover it card is one of the best credit cards today and's top pick for the best balance transfer credit card.

2.  Citi Simplicity Visa Card

Another great balance transfer credit card is the Citi Simplicity Visa Card. This card also offers 0% interest on balance transfers for eighteen months. After that, the variable APR is 12.99%-21.99% based on your creditworthiness. The Citi Simplicity Visa offers no late fees, no penalty fees, and no annual fees. Additionally, they have 0% interest on all purchases for the first 18 months. With the lack of fees, the Citi Simplicity Visa Card is a great card for anyone wanting to save on interest.

3.  Barclaycard Ring MasterCard

Barclaycard Ring MasterCard rounds off this year's list of the best credit cards for balance transfers. Barclaycard Ring MasterCard offers 1% cash back on balance transfers made in the first 60 days of account opening. This is one of the only cards that offers cash back for your balance transfers. There is no balance transfer fee and a low 8% variable APR on balance transfers and purchases. In addition, Barclay's offers no annual fees and a rewarding Giveback™ program where Barclaycard Ring members get money back for good performance.

If you want to simplify your debt, these are the three best balance transfer credit cards on the market today. For those who would like to compare credit cards for balance transfers as well as any other credit cards, you can access the credit card comparison tool created by Creditnet here:

About Creditnet:

Creditnet is an authority credit card comparison site that offers innovative comparison tools to help users find the best credit card for their needs. In addition, the Creditnet Credit Talk Forum is a community of over 100,000 members that discuss credit cards, credit, debt, and credit repair daily.

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