NEW YORK, NY--(Marketwired - Jan 7, 2014) - With the beginning of a new year, it's time to pay off holiday debt and start fresh. Although this may sound hard, an easy way to simplify debt is by using a balance transfer credit card. Balance transfer credit cards help consumers to reduce debt by consolidating their debt onto one card. People can shift high interest credit card balances to low interest cards, thus saving money and making it easier to pay off their debt.
Today, Creditnet, a leading website on credit cards, announced the top balance transfer credit cards of 2014. In creating their list, experts from Creditnet took into account many factors, including balance transfer terms, introductory offers, annual fees, cardholder perks, customer reviews, and expert opinions. According to Creditnet's findings, these are the three best balance transfer credit cards for the coming year:
1. Discover it
Discover it's 18 Month Balance Transfer card allows you to pay 0% interest for up to 18 months on all balance transfers. Furthermore, there is 0% intro APR on purchases for 6 months. There are no annual fees, no overlimit fees, and no foreign transaction fees. Their generous cash back program offers 5% cash back on up to $1500 in specific purchases that change each quarter (currently for restaurant and movie purchases) and 1% cash back on all other purchases. They even offer a free FICO credit score on your monthly statement, so you will always know your credit score. With their generous cash back program, excellent customer service, and low interest rates, the Discover it card is Creditnet's top pick for balance transfer credit cards today.
2. Citi Simplicity Visa Card
The Citi Simplicity Visa Card is another great card for balance transfers. They also offer 0% intro APR on balance transfers for 18 months. Furthermore, they offer 0% interest on purchases for the first 18 months. There are no late fees, no penalty rates, and no annual fees ever. The Citi Simplicity Visa Card has a generous credit line and great 24/7 customer service. This card, with its long no interest periods and lack of fees, is one of Creditnet's best options for consumers looking for a good balance transfer credit card.
3. Barclaycard Ring MasterCard
The Barclaycard Ring MasterCard rounds off Creditnet's list of the best balance transfer credit cards with no balance transfer fees and a low variable 8% APR on balance transfers and purchases. There are no annual fees, and you can earn great rewards with the Barclaycard Ring MasterCard's Giveback program. You can even choose your card benefits and features. In addition, you receive complimentary FICO scores as a benefit to active card members. All of these features make it an excellent card for balance transfers.
If you would like to simplify your debt and save money, these are the best credit cards for balance transfers of 2014. Consumers looking for more options for reducing debt or comparing credit cards can visit Creditnet for further details.
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.