SOURCE: Creditnet


October 03, 2014 11:48 ET

The Top Credit Cards for Carrying a Balance, Announced by

SEATTLE, WA--(Marketwired - Oct 3, 2014) - Interest rates and fees are a notorious problem for many cardholders carrying a balance. Carrying a large credit card balance can incur substantial interest over several months. Many cardholders own a credit card that offers rewards points and incentives for purchases. Unfortunately, these rewards become useless when interest charges exceed available rewards. Cards with no fees for balance transfers and low interest rates can reduce the amount of available debt that can accrue. According to, an expert authority on credit cards, the following cards are some of the top performing cards for high balances and transfers.

Discover it - 18 Month Balance Transfer

The Discover it card includes a 0% introductory rate for balance transfers and purchases for 18 months and begins offering rewards immediately. Cardholders can gain up to 5% in cash back in specific categories that rotate on a monthly basis. Up to $1,500 can be spent in these rotating categories. Cardholders also receive 1% cash back on all other purchases. The cash back feature can be used to pay down balances if needed. The card also offers no annual fees, overlimit fees, or foreign transaction fees, and free FICO credit scores on all monthly statements.

Barclaycard Ring MasterCard - 1% Back on Balance Transfers

The Barclaycard Ring MasterCard carries one of the lowest interest rates of any credit card in the market. The average interest rate with this card is 8% and gives cardholders debt management tools to help lower balances without adding unnecessary interest. The Barclaycard Ring MasterCard also features 1% cash back on balance transfers. That 1% cash back can translate into a substantial savings on larger balance transfers. The 1% cash back reward is available after the balance has transferred.

This card also offers no annual fee and no over-the-limit charges. The ongoing APR can also make up for higher balances on many credit cards that have an APR rating of at least 15%. Barclaycard also offers a unique Giveback Program that allows cardholders to take a share in company profits. This unique feature can provide a small cash back reward to cardholders with the option to donate to charity.

Citi Simplicity

The Citi Simplicity card lives up to its name with no penalty fees on card usage. There is a 0% APR for balance transfers and purchases for 18 months. Balance transfer fees are also continuously low in the future at either $5 or 3%. This makes it an excellent option for transferring a large balance without incurring excessively high interest rates. Citi's Price Rewind feature is a popular option to make up the difference for those few months of carrying a balance. It allows cardholders to automatically search for the lowest price from a retailer on a purchase. The cardholder is refunded the difference if Price Rewind finds a cheaper price at a retailer within 60 days of purchase.

Citi Simplicity uses flexibility as part of its incentive as a preferred balance carrying card. Payment dates can be chosen ahead of time for convenience and automatic account alerts make it flexible to avoid spending levels to keep balances in check.

These are the best credit cards to use for carrying a balance. For more information on these credit card features, be sure to access Creditnet's credit card shopping feature at

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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