SOURCE: MyRatePlan

MyRatePlan

December 11, 2013 16:30 ET

The Best Balance Transfer Credit Cards of the Year, Ranked by MyRatePlan.com

NEW YORK, NY--(Marketwired - Dec 11, 2013) - Today, credit card experts from MyRatePlan.com, a leading credit card comparison site, announced their annual ranking of the best balance transfer credit cards. Balance transfer credit cards can be extremely useful for people looking to consolidate their outstanding credit card debt onto a credit card that will not require interest payments for a period long enough that the balance can be paid off.

To create the ranking of the best balance transfer credit cards of the year, credit card analysts from MyRatePlan took several criteria into account including introductory 0% APR offers on balance transfers, rewards programs, sign-up bonuses, customer reviews, and expert opinions.

Here are the best balance transfer credit cards of the year:

1. Discover it® - 18 Month Balance Transfer

This Discover it Card offers a 0% introductory APR period on balance transfers for 18 months, and a 0% introductory APR period on purchases for 6 months. In addition, cardholders earn 5% cash back on up to $1,500 in purchases in categories that rotate every 3 months, and 1% cash back on all purchases, all year long. There is no annual fee to use the card, no overlimit fee, no foreign transaction fee, and Discover will not raise a cardholder's APR for paying late. The card also offers a free FICO Credit Score on every monthly statement, and 100% US-based customer service at all times. Without a doubt, the Discover it Card is one of the best credit cards on the market, and MyRatePlan's pick for the best balance transfer credit card of the year.

2. Citi Simplicity® Card

The Citi Simplicity Card is another excellent choice for a balance transfer credit card. The Citi Simplicity Card offers a 0% introductory APR on balance transfers and purchases for 18 months, which is one of the longest dual balance transfer purchases 0% introductory period on the market. The card also never charges any late fees, penalty rates, or annual fee. In addition, Citi offers 24/7 customer service.

3. Citi Diamond Preferred Card

The Citi Diamond Preferred Card is yet another great balance transfer credit card. The Citi Diamond Preferred Card offers a 0% introductory APR on both purchases and balance transfers for 18 months. Cardholders have access to Citi® Easy Deals which is a no fee program that gives cardholders special access to online discounts. Cardholders also enjoy special access to presale tickets, preferred seating, VIP packages, and unique entertainment experiences through Citi Private Pass®. The card also offers a $0 liability on unauthorized purchases and Citi® Identity Theft Solutions. Lastly, there is no annual fee to use the card.

People interested in comparing balance transfer credit cards in addition to the cards listed above can do so at MyRatePlan here: http://compare.myrateplan.com/credit-cards/compare/compare-0-apr-balance-transfer-credit-cards

About MyRatePlan.com:

MyRatePlan.com is a leading comparison site that allows users to compare credit cards, mobile phones, cell phone plans, and more using innovative and proprietary tools that tailor the best recommendation based on a customer's input. MyRatePlan was founded in 1999.

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