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  • Which Debit Card has the Best Cash Back Rewards- Includes Credit Cards

    Which Debit Card has the Best Cash Back Rewards- Includes Credit Cards

    Welcome to our site! Our editors have been covering the credit and debit card space for a total of 30+ years and we are proud to have been featured by the Wall Street Journal, CNN, etc.

    Your input is invaluable and we’d love to have your opinion as to which cash rebate credit card is top rated (please read consumer reviews of Which Debit Card Gives the Best Cash Back Rebate & Rewards at the bottom of this page and post your own opinion) – this site is powered by you!

    Consumer Note! Please be careful when comparing cash reward credit cards and bonus offers offers online- almost all sites ONLY list credit cards or debit cards that advertise with them (75%+ of our card offers don’t pay us a dime) and a result some of the best offers are not listed on these sites (see below). 🙁

    Part of the beauty of credit cards and debit cards is their ability to give you rewards. Of course, the rewards only really mean something if you use the cards wisely.

    Please Note! The Reviews Below are for 2016- Please Click Here for our Latest 2020 Reviews of Cash Rewards Credit Cards and To Apply Online in Just Mins. (Includes Application Links)(Sponsor Link and Sponsor Ad Below)

     

     

    Unfortunately, while cash rebate credit and debit cards have grown in popularity, so has the confusion that surrounds them. Some programs change their rules often. Some provide higher rewards for some purchases but not others (and then they change the categories every quarter). Some cards have restrictions that others don’t.

    The point is this: Not all cash back credit cards and debit cards are created equal. And not every card is going to fit your lifestyle, purchases or financial goals. That’s why it’s important to do your research before signing up for any cash back card. Once you have your card, then it is important to maximize your earnings potential. Visit this link for more detailed reviews where you can easily apply online:

    This is part one of a two part article. Click here for part two. And click here for tips on how to maximize your cash back rewards.

    Here’s our roundup of some of the best cash back cards for 2016 (click here for our current 2020 reviews and to apply online in just mins. (Sponsor Link), but note Citibank Double Cash (see below) is still our overall favorite cashback card in 2019 and Alliant is still our fav for heavy spenders). Also, please see below for the debit card that gives the highest cash rewards or rebates for small purchase amounts that we are aware of.

    Also, please note that the Chime Bank debit card still gives the highest annual cash rebate referral that we are are of– $50 for you if you tell a friend or family member about Chime and they sign up (click to sign up online in 2 mins for more details) and $50 for you when they do. You can earn up to $500 per year in referral bonuses. (Referral Link)

    Debit Card Which Gives the Best CashBack Rebate (Spring 2020)?


    USAA Cashback Rewards Checking Debit Card (Non Advertiser):

    Best For Small Purchases:

    Please note that you must have a military affiliation to join USAA. USAA has raised the bar on debit card cashback rewards (which typically are significantly less attractive than credit card rebate programs). This account gives you ten cents back in rewards for every debit card purchase or transaction. So if you make a lot of small debit card purchases, the cash rebate could add up very quickly! A $2.00 purchase would yield you $.20, which is the equivalent of a 5% rebate (hard to get with any credit card rebate program). This checking account also features no monthly service fees, No minimum balance and No USAA fees on the first 10 non-USAA ATM withdrawals each month. The $25 minimum initial deposit is waived for new recruits. Please note that the Chime Bank debit card gives the highest cash rebate referral that we are are of– $50 for you if you tell a friend or family member about Chime and they sign up (sign up online in 2 mins for more details) and $50 for you when they do! (Referral Link) Arkansas Federal Credit Union (AFCU): AFCU offers a rewards checking account with a high annual percentage rate APR of 3%.  For every $2.00 you spend, you receive 1 point.  These points you can redeem for travel, electronics and more.  And being a member of the credit union your direct deposited paycheck up to 2 days early. BankAmeriDeals Debit Card Program from Bank of America (Non Advertiser): This incentive program allows online and mobile banking customers to enjoy special offers that give cash back perks on debit card purchases made at certain retailers. The offers are only available through their app or online banking and the details of this program are limited, but they do claim to offer UP TO 15% in cash rewards, though we would guess it’s limited to just a few offers and is probably more like 1-2% back on most eligible purchases. Cardholders must first activate their cards online prior to making any purchases that will earn rebates. Your BofA account will be automatically credited within 30 days following redemption. You can also activate and redeem deals to earn “Coins”. With the related BankAmeriDeals Coins program, the more coins you earn the more cash back you will get. Axos Cash Back Checking Account (Non Advertiser): Axos allows you to earn up to $2,000 per month in cash back on signature debit card purchases.  Maintain a $1,500 average daily balance and you can earn 1% cash back on signature based transactions.  If your average daily balance falls below $1,500 don’t worry they still offer 0.5% cash back.  And again they limit you to $2,000 per month in cash back. Unlimited ATM fee reimbursements for ATM withdrawals within this U.S. The cashback is deposited in to your Axos checking account. Radius Bank (Non Advertiser): Radius, which is a primarily an online bank, offers a cash rewards debit card that gives 1% back on all purchases with its Rewards Checking. You never pay an ATM fee and there are no monthly or annual fees. They have been around for quite a while. Finally, Discover offers the the no fee Discover cash back debit card (click for review of related Discover prepaid debit card): This card gives 1% back on all purchases (up to a maximum of $3000 in purchases each month). You must open a Discover checking account in order to get their debit card. No monthly fee, no fee on orders of checks and no minimum balance or minimum activity requirements (such as requiring you to make so many purchases a month). These are just a handful of checking rewards / cash back accounts offered today.  With just these select few, it is easy to tell which Debit Card Gives the Best Cash Back Rebate. Finally, please see customer reviews of the best cash back cards and please post your ratings and opinions as well!

    Top Rated Cash Rebate Credit Card (Overall):

    OVERALL WINNER

    Citi Double Cash Back Card (Site Sponsor)

    Editor’s Note: The Citi Double Cash Back Card is as straightforward as it gets. It offers the top rewards for a flat-rate card and its simplicity makes it a winner. You simply get 2 percent cash back for everything you buy. There are no categories to worry about, no annual fees and no spending limits. Basically, this card symbolizes cash back simplified.

    A Closer Look: The Citi Double Cash Back Card offers a 0 percent introductory APR for the first 15 months. You also get a waived late fee on your first missed payment (which you hopefully won’t have to use) and your Equifax score is included on every statement. The only downside is you don’t get the entire 2 percent reward right away. You receive 1 percent upon purchase and the other 1 percent after paying your bill.

    Chase Freedom (Not an Advertiser)

    Editor’s Note: A frequent favorite among cash back enthusiasts, Chase Freedom allows you to get 5 percent cash back across different categories that rotate quarterly. For example, one quarter may be 5 percent cash back on gas and the next quarter may be 5 percent cash back on retail purchases. By paying attention and spending strategically, you’ll be able to get some serious bang for your buck with this card.

    A Closer Look: Unfortunately, the 5 percent cash back isn’t unlimited. You’ll have to stay within a $1,500 spending cap. Still, these rewards are higher than most. Once you reach the cap, you’ll receive 1 percent back on every purchase. You can also earn a $150 cash bonus when you spend $500 or more in the first three months after opening an account. You can also earn an additional $25 by adding an authorized user. There’s also no annual fee and the points don’t expire as long as your account remains active.

    BankAmericard Cash Rewards (Not an Advertiser)

    Editor’s Note: BankAmericard Cash Rewards has some very rich cash back features. It also has the benefit of being straightforward. You get 3 percent cash back on gas and 2 percent cash back at grocery stores for the first $1500 you spend each quarter. You also get 1 percent cash back on every other purchase and there’s no annual fee.

    A Closer Look: The BankAmericard also gives a 10 percent bonus when Bank of America customers deposit their rewards into their accounts. If you are a Bank of America Preferred Rewards client and maintain an average banking and/or investment account balance of $20K to $100K+, you can receive a bonus of 25% to 75%.


    Which Credit Card Gives the Best Cash Back Rebate for Excellent Credit

    Citi Double Cash Back Card (see above)

    Capital One QuickSilver One Cash Rewards

    Editor’s Note: This particular card comes with not just a 0 percent balance transfer but 0 percent on purchases through November 2016. In addition, there is no annual fee and cardholders can earn a $100 bonus cash credit for spending $500 or more within the first three months. International travelers can enjoy purchases abroad with no foreign transaction fees.

    A Closer Look: You get 1.5 percent cash back on all purchases without having to worry about rotating categories or spend limits. You also get a 20 percent statement credit for all Uber rides. This card also comes with Visa Signature benefits such as travel upgrades and savings, shopping discounts, complimentary concierge service and more. Click here for the complete guide to Visa Signature benefits.

    Please Note! The Reviews Below are for 2016- Please Click Here for our Latest 2020 Reviews of Cash Rewards Credit Cards and To Apply Online in Just Mins. (Includes Application Links).(Ad Link)

    And click here for tips on how to maximize your cash back rewards.

    BEST CASH BACK REWARDS CARDS FOR HEAVY SPENDERS

    Alliant Cashback Visa® Signature Credit Card (not an advertiser)

    For Heavy Spenders: Alliant is a credit union (you have to apply to join and pay a small membership fee, but this credit union is open to anyone) and not a household name, but they have raised the bar held by the Citibank Double Cash Card for many years for the best overall rebate on all types of purchases.

    Earn a whopping 3% cash back during your first year & an amazing 2.5% cash rebate on all purchases every year after with no cap. Please note though that this card does have a $99 annual fee that is waived the first year.

    WHICH CREDIT CARD GIVES THE BEST CASH BACK REBATE FOR INVESTORS


    Fidelity Investment Rewards Visa Signature Card     (not an advertiser)

    Editor’s Note: This a great card for a savvy investor that was just launched in early 2016. You get 2 percent cash back on every purchase. The only requirement: You have to open a brokerage account.

    A Closer Look: To realize the 2 percent cash back, you must have it deposited into your brokerage account. Deposits can be made to standard brokerage accounts or other accounts such as Fidelity Cash Management accounts, 529 college savings plans or retirement accounts. This is an excellent way to maximize your purchases and build wealth with your investments.

    WHICH CREDIT CARD GIVES THE BEST CASH BACK REBATE FOR FAIR (OR LESS THAN PERFECT CREDIT)

    Discover it Secured Credit Card

    Editor’s Note: This is a new addition from Discover as they recently announced their only secured card. The Discover it Secured Card is one of the only secured cards with a cash back component. It’s benefits are similar to regular cards and is offering cash back rewards at 1% per dollar spent. After the end of the first year, Discover doubles the amount earned, so effectively, this is a 2% cash back card that can help consumers build or rebuild their credit.

    A Closer Look: Like other secured cards, the consumer must deposit a sum of money, between $200 to $2,500, to serve as the security deposit. Interest is high on this card compared to the others on this list at an APR of 23.24%. Despite the higher interest, this card is available to consumers with poor or no credit and provides a nice cash back reward as well as a free FICO score so you can watch your credit score rise.

    WHICH CREDIT CARD GIVES THE BEST CASH BACK REBATES FOR BUSY HOUSEHOLDS

    Groceries

    American Express Blue Cash Preferred

    Editor’s Note: The American Express Blue Cash Preferred card has some unparalleled rewards. You get 6 percent cash back on groceries up to $6,000 annually and 1 percent cash back thereafter. You also get 3 percent cash
    back at gas stations and select department stores.

    A Closer Look: A family can easily rack up enough in groceries to experience some stellar cash back rewards. Additionally, you receive $150 if you spend $1,000 in the first 90 days after opening an account. The card also comes with an introductory 0 percent APR for 15 months and includes all the benefits of an AmEx, including spectacular customer service, roadside assistance and extended warranties on purchases. The only downsides are a $75 annual fee and the grocery rewards don’t count at specialty shops or Costco.

    Gas

    Fort Knox Credit Union Platinum Visa
    Editor’s Note: This card offers 5 percent cash back on gas purchases and the barrier to entry is low. All you have to do is pay $5 to join the American Consumer Council / Kentucky and you can qualify for the program.

    A Closer Look: Unlike other cards that offer cash back on gas, the Fort Knox Credit Union Platinum Visa doesn’t require you to open up an account with them. There’s also no balance transfer fee and no annual fee. Additionally, you get 1 percent cash back on all retail purchases.

    Business

    Ink Cash Business Credit Card

    Editor’s Note: The Ink Cash Business Credit Card by Chase is often hailed as one of the best credit cards for small business owners. You get 5 percent cash back on the first $25,000 you spend each year on business expenses, including office supplies, cellular and landline phones, Internet and cable TV. You also get 2 percent cash back on the first $25,000 spent on gas and restaurants. A 0 percent introductory APR and no annual fee also make this card very attractive.

    A Closer Look: In addition to the great cash back offer on things all businesses need, you also get $200 bonus cash back when you spend $3,000 in the first three months after opening an account. You can also redeem points for cash, travel or gift cards. The only downside to this card is if your business doesn’t spend money on these items.

    Dining / Restaurants

    Chase Sapphire Preferred

    Editor’s Note: Foodies will enjoy this card because they’ll get 2 percent cash back for dining out. You also get 1 point for every dollar spent in all other categories. Travelers will also enjoy this card because it has several airline partners, double points on travel purchases and no foreign transaction fee.

    A Closer Look: The Chase Sapphire Preferred is one of the best personal cards on the market. They have an excellent promotional offer of 50,000 points when you spend $4000 in the first three months after opening an account – an amount easily within reach of many households. Just note that the annual fee jumps to $95 after the first year.

    BEST BONUS CATEGORY CARD

    Chase Freedom

    Editor’s Note: The Chase Freedom card has a low 0% APR for 15 months for purchases and balance transfers, and offers a generous 5% cash back on selected categories that change every quarter. Currently, through March 31, 2016, cardholders that activate their 5% cash back can save at gas stations and on local commuter expenses, including UBER and taxis.

    A Closer Look: For new cardholders, you can earn a $150 cash bonus when you spend $500 in the first three months after opening an account. You can also earn an additional $25 bonus by adding an additional cardholder and completing a purchase in that same time frame. Let’s not forget to mention that cardholders also get an unlimited 1 percent cash back on every purchase and has other features such as purchase protection and price protection.

    MOST INNOVATIVE CASH BACK REWARDS PROGRAM


    QuickSilver From Capital One
    Editor’s Note: What sets this card apart from all the others is your ability to get 20 percent cash back on all Uber rides through April 2016. If you use the car sharing service often, you’ll definitely want to take advantage of this bonus.

    A Closer Look: Aside from the 20 percent cash back on Uber rides, Capital One’s QuickSilver is an overall good program. You earn an unlimited 1.5 percent cash back on every purchase, a $100 cash bonus when you spend $500 in the first three months after opening an account, there’s no annual fee and the card offers a 0 percent introductory APR. You can also use it for travel upgrades, there are no foreign transaction fees and the card provides an extended warranty on purchases and several other features.

    Please Note! The Reviews Below are for 2016- Please Click Here for our Latest 2019 Reviews of Top Cash Rebate Cards and To Apply Online in Just Mins. (Includes Application Links).

    And click here for tips on how to maximize your cash back rewards.

    BEST NICHE CASH BACK REWARDS

    Fidelity Investment Rewards Visa Signature Card(not an advertiser)

    Editor’s Note: This card gives you cash back that can be deposited into your investments to build wealth over time. It’s the only card we know of that gives you rewards while encouraging you to save.

    A Closer Look: If you deposit your rewards into investment accounts, like a retirement or a college 529 plan, you can save for significant future expenses. It’s a very smart way to have your money make more money for you.

    LOCAL OPTIONS FOR CASH BACK REWARDS

    These cards are all available nationally, but you may find that there is a card that is just right for you in your own backyard. One really good options found near us includes the Simmons Bank Visa® Platinum Rewards card. That card is offered nationally, but it is a good deal for those looking for a long-term low rate at 10.50% and have a balance to transfer. They have no balance transfer fee.

    Another option to consider are local credit unions. One example nearby is TruService Community Federal Credit Union. They have a rewards card with cash-back that we have found to be the lowest rate in the country at 5.50%. Even at their highest rate offered, it is still only 13.50%. You must qualify for membership for that credit union to be able to get that card and that includes anyone that works, lives or worships in their area of service.

    Other Related Reviews and Resources That Might be Helpful:

    LOOKING AT THE OPTIONS

    These cards are all available nationally, but when searching for which Debit Card Gives the Best Cash Back Rebate or Credit Card, you may find that there is a card that is just right for you in your own backyard. One really good options found near us includes the Simmons Bank Visa® Platinum Rewards card. That card is offered nationally, but it is a good deal for those looking for a long-term low rate at 10.50% and have a balance to transfer. They have no balance transfer fee.

    Another option to consider are local credit unions. One example nearby is TruService Community Federal Credit Union. They have a rewards card with cash-back that we have found to be the lowest rate in the country at 5.50%. Even at their highest rate offered, it is still only 13.50%. You must qualify for membership for that credit union to be able to get that card and that includes anyone that works, lives or worships in their area of service.

    LOOKING AT THE OPTIONS

    There are always options, personal desires and values to consider in choosing the cash back card that works the best for you and your particular situation. There are a number of great cards that are offered nationally and there just may be some great cards offered locally that you have not considered. Take a look at some of the cards we have recommended here.

    WHAT WORKS FOR US

    Our team believes that credit card choices have a lot to do with individual preference, lifestyle and goals. Everyone is different and there is a card for each of you. Some people on our team stick to using points for travel and others trade them in for cash. They both work just fine.

    OUR RATINGS SYSTEM

    When reviewing these cards, we do our best to put ourselves in the consumers’ shoes. We choose cards based on (lack of) fees, rewards and ease of use. In other words, if we wouldn’t use these cards ourselves, we wouldn’t recommend them. In fact, we do actually use these cards in our own lives.

    NOTE: This article is part one of two and was originally published on the Huffington Post. Click here for the original article.

    Which Credit Card Gives the Best Cash Back Rebate and Which Debit Card Gives the Best Cash Back Rebate

  • Are Balance Transfer Credit Cards Good or Bad? – Full Review with Comments

    Welcome to our site! Our editors have been covering the credit and debit card space for a total of 30+ years and we are proud to have been featured by the Wall Street Journal, CNN, etc.

    Your input is invaluable and we’d love to have your opinion on Are Balance Transfer Credit Cards Good or Bad? (see below to read consumer reviews of the best offers and post your own opinion) – this site is powered by you!

    Are Balance Transfer Credit Cards Good or Bad?

    As explained in a previous post What are Balance Transfer Credit Cards, balance transfers can be a very good thing.  They can allow you to pay off debt without continuing to get hit with interest charges which can rack up very quickly.  They can also be good if you transfer your debt to a card with a lower interest rate after the promotional period is up.  For an example, you currently have a card with an 18% APR Interest rate.  You do a balance transfer to another card that offers 0% APR for 18 months.  After the 18 months is up on the 0% APR Balance Transfer, the card then has a 16% APR Interest Rate.  This is a whole 2% better than the previous card you had before the Balance Transfer at 18% APR.

    Also, the longer the promotional offer of 0% APR Interest, the more time you have to pay off your debt.  Any amount of extra time you can get to pay off debt without having to pay interest is a win win situation.

    Looking for a Great Balance Transfer Credit Card?

     

    Compare the Longest Transfer Offers (Up to 21 Months)

     

    Apply Online in Minutes

    (Sponsor Link)

    [button link=”http://c.clapu.com/cgi/r?;n=203;c=1620114;s=7273;x=7936;f=201609281520350;u=j;z=TIMESTAMP;src=608074;” target=”_blank”” variation=”rust”]COMPARE & APPLY FOR 0% OFFERS[/

    Now you want to know the other part of Are Balance Transfers Good or Bad?

    They can be very bad if you end up accumulating more debt and you are unable to pay it off before the promotional period ends.  This can get you in a lot of trouble.  Which is why we highly recommend using 0% Balance Transfer Offers as a tool to only pay off debt, not to acquire more debt.  This can especially be the case if the APR is higher than the APR from the account you transferred the debt from.

    Also, be careful of any Transfer Fees.  These can generally be between 3% and 5%.  These are typically one time fees.  Just make sure its worth paying this fee based on the amount of debt you have and how quickly you can pay it off.  Although we have found some offers with No Balance Transfer Fees.  See link below.

    Check our our Current Listing of the Longest 0% Interest APR Credit Card Offers with No Balance Transfer Fee

    They can also be bad if your FICO Credit Score is not considered good.  Most companies will only approve you for Longer 0% Interest APR Balance Transfer Offers if you credit score is above 675.  We say this is bad because if your score is below 675 then you more than likely will be stuck with your current interest rate.  If this is the case, try to focus on raising your credit score to above 675.

    One question you may be asking yourself is will a Balance Transfer affect my FICO Credit Score.  Our experts have the answer to this question and more in our article titled: Will it Hurt my FICO Credit Score If I Do a Credit Balance Transfer? Review

    With this information and some quick number crunching you should have a good idea of: Are Balance Transfer Credit Cards Good or Bad?

    See our summary below and be sure to leave us your comments to this article.  Our experts generally get back to you within 24 hours.

    Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.

    Related Visa Card for those with poor credit who may not be able to apply for a Balance Transfer Credit Card:

    Chime is a new Visa card that is amazingly free (unless you use the card outside of their large ATM network). This is best alternative to a prepaid card that we’ve seen in 5+ years and offers all of the benefits of traditional bank account.

    It’s a real Visa card (not a prepaid debit card which usually have a lot more fees) and people with poor credit can apply too as there is no credit check. Chime can be managed entirely from your smartphone. No overdraft fees. No minimum balance. No monthly service fees. No transfer fees. No Chex Systems. Over 38,000 fee-free ATMs, plus 30,000+ cash-back locations.

    And for a limited time, earn a Cash referral bonus of $50 when you tell your friends and family members about Chime and they sign up (and they’ll earn $50 too)- details within the app after you apply! Click for more info.- you can apply online in just 2 mins with no obligation. Start by simply entering your email address and clicking “Get Started”– over 3 million customers couldn’t be wrong. 🙂 (Referral Link)

    Summary: Are Balance Transfer Credit Cards Good or Bad?

    With the amount of debt piling up today, Balance Transfer Credit Cards can be a good way to relieve you from interest payments temporarily.  With the proper money management skills and being diligent about paying off debt we find most Balance Transfer Credit Cards to be a good way to manage your debt.

    Balance Transfer Credit Cards can be good if you properly manage your debt.  We recommend using these offers to pay your debt down or pay your debt off completely.  Do not use these to acquire more debt that you will not be able to pay off.

    More Related Articles to: What Are Balance Transfer Credit Cards?  And Are Balance Transfers Good or Bad?

    Check our our Current Listing of the Longest 0% Interest APR Credit Card Offers with No Balance Transfer Fee

    Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.

    What are Balance Transfer Credit Cards? Are Balance Transfer Credit Cards Good or Bad?

    *Disclaimer: BestPrepaidDebitCards.com is an independently owned and operated, advertising-supported financial product comparison service. Many of the credit card offers that appear on linked sites are from companies from which BestPrepaidDebitCards.com receives compensation.

  • What are Balance Transfer Credit Cards? – Full Review with Comments

    What are Balance Transfer Credit Cards? – Full Review with Comments

    Welcome to our site! Our editors have been covering the credit and debit card space for a total of 30+ years and we are proud to have been featured by the Wall Street Journal, CNN, etc.

    Your input is invaluable and we’d love to have your opinion on What are Balance Transfer Credit Cards? (see below to read consumer reviews of the best offers and post your own opinion) – this site is powered by you!

    What are Balance Transfer Credit Cards?

    Most everyone in today’s world carries some sort of credit card debt.  And with all of this debt piling up, the credit card companies have figured out a way to “win your debt over to them”.  What we mean by this is credit card companies will offer you 0% Interest APR for so many months in order to Transfer your Debt Balance over to their card.  In other words, a credit card balance transfer is the transfer of outstanding debt on a credit card account to an account held by another credit card company.

    Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.

    Real World Example

    Lets say you currently have $10,000 in debt on a credit card.  And your current interest rate is 18% APR.  If you paid the minimum monthly payment of $50 for 18 months your total interest charges would be close to $3,000.  Now paying this additional interest would not be something I would be happy about.  Luckily there is something you can do about it.

    So you see a commercial or an advertisement of 0% APR Balance Transfer for 18 Months (Promotional Period).  Now is your opportunity to stop getting charged interest on the $10,000 in debt you currently have.  Go to the company or their website and open an account for the 0% APR Balance Transfer Card they advertised about.  There you will be able to open the account and transfer your outstanding balance of $10,000 to the new card with 0% APR for 18 Months.

    At this point you have transferred $10,000 worth of debt that you could have been paying close to $3,000 of interest on over the next 18 months to a new card with 0% Interest APR.  This saves you from paying the roughly $3,000 in interest on your old card that you could have been paying if you would have left your debt where it was.  But instead for the next 18 months you get to pay off the $10,000 in debt without accruing interest.  Although most of these types of Balance Transfer Offers come with Transfer Fees.  So be cognizant of what you are signing yourself up for.

    With this real world example, this should be able to answer your question of: What are Balance Transfer Credit Cards?

    Check our our Current Listing of the Longest 0% Interest APR Credit Card Offers with No Balance Transfer Fee

    Looking for a Great Balance Transfer Credit Card?

     

    Compare the Longest Transfer Offers (Up to 21 Months)

     

    Apply Online in Minutes

    (Sponsor Link)

    [button link=”http://c.clapu.com/cgi/r?;n=203;c=1620114;s=7273;x=7936;f=201609281520350;u=j;z=TIMESTAMP;src=608074;” target=”_blank”” variation=”rust”]COMPARE & APPLY FOR 0% OFFERS[/

    Are Balance Transfers Good or Bad?

    We have several articles to help you determine whether or not Balance Transfers are good or bad.  See links below.

    Will Balance Transfers Affect my FICO Credit Score?  See how balance transfers can impact your credit score and what you need to know when applying for a Balance Transfer Credit Card by clicking HERE.

    See how Balance Transfer Credit Cards can be a very good way to manage your debt and even help you to become debt free.  Click here to learn more.

    Check our our Current Listing of the Longest 0% Interest APR Credit Card Offers with No Balance Transfer Fee

    Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.

    Related Visa Card for those with poor credit who may not be able to apply for a Balance Transfer Credit Card:

    Chime is a new Visa card that is amazingly free (unless you use the card outside of their large ATM network). This is best alternative to a prepaid card that we’ve seen in 5+ years and offers all of the benefits of traditional bank account.

    It’s a real Visa card (not a prepaid debit card which usually have a lot more fees) and people with poor credit can apply too as there is no credit check. Chime can be managed entirely from your smartphone. No overdraft fees. No minimum balance. No monthly service fees. No transfer fees. No Chex Systems. Over 38,000 fee-free ATMs, plus 30,000+ cash-back locations.

    And for a limited time, earn a Cash referral bonus of $50 when you tell your friends and family members about Chime and they sign up (and they’ll earn $50 too)- details within the app after you apply! Click for more info.- you can apply online in just 2 mins with no obligation. Start by simply entering your email address and clicking “Get Started”– over 3 million customers couldn’t be wrong. 🙂 (Referral Link)

    Summary: What are Balance Transfer Credit Cards?

    With the amount of debt piling up today, Balance Transfer Credit Cards can be a good way to relieve you from interest payments temporarily.  With the proper money management skills and being diligent about paying off debt we find most Balance Transfer Credit Cards to be a good way to manage your debt.

    Just remember Balance Transfers can be good if you properly manage your debt.  We recommend using these offers to pay your debt down or pay your debt off completely.  Do not use these to acquire more debt that you will not be able to pay off.

    More Related Articles to: What Are Balance Transfer Credit Cards?  And Are Balance Transfers Good or Bad?

    Check our our Current Listing of the Longest 0% Interest APR Credit Card Offers with No Balance Transfer Fee

    Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current offers here.

    What are Balance Transfer Credit Cards? Are Balance Transfers Good or Bad?

    *Disclaimer: BestPrepaidDebitCards.com is an independently owned and operated, advertising-supported financial product comparison service. Many of the credit card offers that appear on linked sites are from companies from which BestPrepaidDebitCards.com receives compensation.

  • Jackson Hewitt No Fee Early Refund Advance Loan – Up To $500 with 0% APR

    Welcome to our site! Our editors have been covering the credit and debit card space for a total of 30+ years and we are proud to have been featured by the Wall Street Journal, CNN, etc. Your input is invaluable and we’d love to have your opinion as to whether the Jackson Hewitt No Fee Early Refund Advance Loan is a good or bad deal (see the bottom of the page for reviews and to post questions) – this site is powered by you!

    Jackson Hewitt

    Full Review with Ratings – Jackson Hewitt No Fee Early Refund Advance Loan – Up To $500 with 0% APR

    With the Early Refund Advance Loan – Up to $500 – 0% APR.  There are no fees applied to this loan and you will not be charged interest either.  This loan can only be applied for starting December 18th in the amount of $200-$500 with a pay-stub or other acceptable income verification.  JH will also need to know how much your federal tax refund from 2018 was in order to determine if you are eligible for this loan or not.  To apply for this loan you can go to their website and input last years federal tax return amount.  They will then ask you if you received the full amount of your tax return and if you had money taken out of your taxes for childcare, back taxes, or outstanding student loans.

    After answering their questions, you will then have to submit your name, email, date of birth, social security number, address and phone number in order for JH to process your pre-qualification.  You can find our in minutes how much you pre-qualify for with Jackson Hewitt.  My advice would be to start the process as early as you can since tax season in around the corner.

    Keep in mind this loan from $200-$500 will be deducted from your 2019 tax return that has to be prepared by JH.  And if you are in a crunch for money, Jackson Hewitt claims this is the only Refund Advance Product available in December.

    The incremental amounts you can get from the loan is either $200, $300 or $500.  So if you need $250 you better plan on getting the $300 loan amount.

    How long will it take to receive my loan?

    If you are approved, loans can be received within 24 hours if disbursed via an American Express Serve Card.  Be careful of fees if you decide to use the American Express Serve Card.  Or, within 5 business days if you choose to have the loan amount directly deposited into a qualified account of your choice.

    We suggest having your loan amount deposited into a Chime Bank Account so you don’t get hit with fees.

    Related Visa Card to Compare to American Express Serve Card (works like American Express Serve Card but with No Fees):

    Chime is a new Visa card that is amazingly free (unless you use the card outside of their large ATM network). This is best alternative to a prepaid card that we’ve seen in 5+ years and offers all of the benefits of traditional bank account.

    It’s a real Visa card (not a prepaid debit card which usually have a lot more fees) and people with poor credit can apply too as there is no credit check. Chime can be managed entirely from your smartphone. No overdraft fees. No minimum balance. No monthly service fees. No transfer fees. No Chex Systems. Over 38,000 fee-free ATMs, plus 30,000+ cash-back locations.

    And for a limited time, earn a Cash referral bonus of $50 when you tell your friends and family members about Chime and they sign up (and they’ll earn $50 too)- details within the app after you apply! Click for more info.- you can apply online in just 2 mins with no obligation. Start by simply entering your email address and clicking “Get Started”– over 3 million customers couldn’t be wrong. 🙂 (Referral Link)

    Will applying for a Refund Advance loan impact your credit score?

    Jackson Hewitt says no.  There is no impact on your credit score if you apply for a Refund Advance.

    Do you need good credit to qualify?

    Historically, the No Fee Refund Advance has had high approval rates, but approval varies from customer to customer. You can be approved for a Refund Advance loan even if you do not have a credit history.  Loan approval is subject to Metabank’s underwriting criteria that is based in part on the size of your tax refund.

    Important Consumer Note!

    The Refund Advance Load does NOT help you improve your credit. 🙁

    If you are trying to get a higher credit rating (which is very important), we strongly suggest you consider the no annual fee Capital One Secured MasterCard (apply online in mins- if you have poor credit or no credit, this card will to help you rebuild or build your credit).

    (Sponsor Link)

    Bottom Line:

    If you are in a crunch for money and you can not wait until you receive your tax return then we find this loan to be a good choice.  Just be careful how you decide to pocket the loan money.  We suggest having it directly deposited into a checking account such as Chime so you don’t get hit with fees.  And remember you will have to file your taxes with Jackson Hewitt so you will have to pay them what it cost for their 2019 tax return.  They may be selling you on the “No Fee – 0% APR” but there will always be the cost for them to do your taxes.

    Other Related Reviews and Resources That Might be Helpful:

    Still not finding the right Card to fund using your Refund Advance Loan? Click HERE to go to our current reviews on our Main Prepaid Card Page.

    Click HERE to read our reviews of the Jackson Hewitt Prepaid American Express Serve Card

    Click HERE to read the Review of the H&R Block Advance Tax Refund Loan up to $3,500

    Editorial Note!:
    “The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone, including this review and the reviews written by actual cardholders below.”

     

  • What are the Best 0% Balance Transfer Credit Card Offers for 2016

    What are the Best 0% Balance Transfer Credit Card Offers for 2016

    Welcome to our site! Our editors have been covering the credit and debit card space for a total of 30+ years and we are proud to have been featured by the Wall Street Journal, CNN, etc. Your input is invaluable and we’d love to have your opinion on the Best 0% Balance Transfer Credit Card Offers (see below) – this site is powered by you!

    What are the Best 0% Balance Transfer Credit Card Offers?

    If you are looking for some great suggestions on where to transfer that pesky high balance on your credit card, we just published our top picks for 0% balance transfer offers.

    Click HERE for the current list of our top picks of 0% Balance Transfer Credit Card Offers of the Year.

    Related Visa to Compare to the Best 0% Balance Transfer Credit Card Offers:

    Chime Bank

    Chime is a new Visa that is amazingly free (unless you use the card outside of their large ATM network). This is best alternative to a prepaid card that we’ve seen in 5+ years and offers all of the benefits of traditional bank account.

    It’s a real debit card, not a prepaid debit card which usually have a lot more fees) and people with poor credit can apply too as there is no credit check. Chime can be managed entirely from your smartphone. No overdraft fees. No minimum balance. No monthly service fees. No transfer fees. Over 38,000 fee-free ATMs, plus 30,000+ cash-back locations.

    And for a limited time, earn a Cash referral bonus of $50 when you tell your friends and family members about Chime and they sign up (and they’ll earn $50 too)- details within the app after you apply! Click for more info.- you can apply online in just 2 mins with no obligation. Start by simply entering your email address and clicking “Get Started”– over 3 million customers couldn’t be wrong. 🙂 (Referral Link)

    Whether you are looking for a break from current interest rates for only 6 months or up to 18 or 21 months, you will find a balance transfer offer listed in our most recent article on the Huffington Post.

    http://www.huffingtonpost.com/curtis-arnold/new-9132016-best-rated-0-_b_11995930.html

    Take a look at our picks, and we would love to hear your thoughts.

    (Please see link below to 2020 balance transfer offers and note that this page is only kept active for historical purposes as it was published in 2016.)

    If you just started the New Year with a bit of a debt hangover and are looking for some great suggestions on where to transfer that irksome high balance on your credit card or cards, we just published our top picks for 0% balance transfer cards.

    Whether you are looking for a break from current interest rates with a 0% APR for only 6 months or up to 18 or 21 months, you will find our current 2020 offers here you will find our current 2020 offers here.

    Important Consumer Note!

    If you are trying to get a higher FICO Score (which is very important), we strongly suggest you consider the no annual fee Capital One Secured MasterCard (apply online in mins- if you have poor or no credit, this card will to help you rebuild or build your FICO Score).

    (Sponsor Link)

     

    Looking for a Great Balance Transfer Credit Card?

     

    Compare the Longest Transfer Offers (Up to 21 Months)

     

     

    Apply Online in Minutes

    (Sponsor Link)

    [button link=”http://c.clapu.com/cgi/r?;n=203;c=1620114;s=7273;x=7936;f=201609281520350;u=j;z=TIMESTAMP;src=608074;” target=”_blank”” variation=”rust”]COMPARE & APPLY FOR 0% OFFERS[/button]

    Please note: “The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.”

    What are the Best 0% Balance Transfer Credit Card Offers for the year?

    Other Related Articles to The Best 0% Balance Transfer Credit Card Offers:

    Click HERE for the current list of our top picks of 0% Balance Transfer Credit Card Offers Available.

  • How to Do an Online Credit Card Balance Transfer? – The Right Way

    How to Do an Online Credit Card Balance Transfer? – The Right Way

    Welcome to our site! Our editors have been covering the credit and debit card space for a total of 30+ years and we are proud to have been featured by the Wall Street Journal, CNN, etc. Your input is invaluable and we’d love to have your opinion as to how to do an online credit card balance transfer? (see below) – this site is powered by you!

    Save Money by Doing an Online Balance TransferIt has been said that all good things must come to an end. This has happened in a number of things on the Internet and the latest one that you may have heard of about concerns net neutrality. So, with that thought in mind, what do net neutrality, free state taxes on Amazon purchases and long-term (up to 18 months) 0% APR credit card balance transfer offers have in common? Too much of a good thing can’t last forever, unfortunately.

    The changes are starting to roll out, and there may be further shortening of the length of 0% APR promotional balance transfer offers. Several forces are coming together to make card issuer terms less favorable for balance transfer card consumers. We are now in a rising rate environment, and interest rates are continuing to get higher.  Now may be a good time to lock in 0% APR for a balance transfer, especially if you can find one for 15 months with no balance transfer fee.  Here’s a tip.  Believe it or not, there are at least two rare offers that feature 0% interest (no interest) for 15 months with NO balance transfer fee (click link above for reviews).

    Over time,  people have learned to play the credit card game well, spending well to take advantage of and earn cash back rewards and travel bonuses and then transferring the balances to lower rate cards. Card issuers have to adapt over time. In a Citi earnings call in January, John Gerspach, the chief financial officer, reported that the company is facing “headwinds” from cardholders who don’t carry a balance. Card issuers and banks don’t make as much money off of the 0% APR balance transfer offers so as we are in a rising rate environment they’re gonna be shrinking these offers.

    We’ve already seen these offers start to change. For example, card issuers that used to offer a 21-month balance transfer offer have reduced that down to 18 months. A member of our team has also recently noticed a shortening of the length of offers in direct mail solicitations. It looks like the writing is on the wall, and the majority of offers are now going to be mainly in the 12 to 15 months range for 0% APR. As interest rates are projected to raise, now is a good time to go ahead and lock in on a 0% APR for as long as you can.

    Before going into the steps of how to do an online balance transfer, it is important to note the largest small print on these offers. The key gotchas in a 0% APR balance transfer offer are the balance transfer fee and the terms change if a payment is missed. Most national card-issuers have a 3% balance transfer fee at the time of transfer. This should be taken into consideration when running the numbers. If you miss a payment, you could lose that wonderful 0% APR and have it default to their current rate which will be quite a bit higher than 0%, even if it is on a lower interest rate card.

    The steps below will help you in preparing for, obtaining and managing your transferred balance.

    How to do an Online Credit Card Balance Transfer?

    Step One: Assess Your Purchasing Behavior
    The first thing before contemplating the transfer is to take a few minutes and do a self-assessment of your purchasing behavior. Ask yourself these questions. Why do you have the balance you have to transfer? Was it due to a large purchase or purchases, emergencies, life happening, or has it been a number of impulsive purchases over time? If impulse purchases, in addition to transferring the balance, you may want to take some steps to minimize impulse purchases going forward. Many personal finance experts and debt counselors often advise people to take care of any underlying issues first. You may want to meet with a nonprofit credit counselor to create a budget and cut back on spending before transferring balances in order to maximize use of the lower rate. Spending apps can help you through this process.

    Step 2: Education
    Pay attention to the balance transfer fee. An Online Balance Transfer is Easy When You Know What to Watch Out For.
    Learn as much as you can before transferring your balance or balances. Balance transfer offers are a great opportunity to save on paying interest, but there points to consider before making a transfer.

    • Pay attention to the balance transfer fee.  Most nationally available offers come with a 3% balance transfer fee. Be sure to factor that into the equation. They are rare, but there are some cards, such as Chase Slate that offer a 15 month 0% APR with no balance transfer fee.
    • How much balance will transfer?  One “gotcha” that is not mentioned often is that the new balance transfer card may not have issued enough credit to accommodate the entire balance you are trying to transfer. You will not know your credit limit until after you have applied for the balance transfer card. If you are concerned one card may not cover the balance needed, you may want to consider two cards or a debt consolidation personal loan.
    • How long for the balance transfer? Go for the length of time you need coupled with the balance transfer fee. That 0% offer will not last forever. Make a plan for paying it all off or as much as possible during the allotted time.
    • Know your credit score.  Most 0% balance transfer offers are only offered to those with very good credit. You will want to have a score of around 720 or higher for most offers. If your score is low you may want to consider focusing on raising your score using a free service like CreditKarma. Also, consider transferring your balance to a lower ongoing rate card (that offers a lower rate than the rate of your current debt) or look into a debt consolidation or a personal loan with a local bank.
    • Know the “Go-to” rate for the card.  After the promotional rate ends, typically between 6 and 15 months, there will be a standard rate for the card (standard APR of the card for purchases). That is the rate the remaining balance will transfer to after the promotional period ends.
    • Know what happens if you miss a payment. Most of the time when a payment is missed, the promotional offer is ended. The remaining balance will then be considered against the “go-to” rate going forward.

    Step 3: Apply for the Balance Transfer Card
    After the self-assessment time and educating yourself about the offer or offers you are considering, it is time to apply for the balance transfer card. Both Chase Slate and American Express have 15-month 0% APR and no balance transfer fee. You can learn more about those cards and easily apply online at our partner website.

    Please visit CardRatings.com for further information about the best balance transfer cards and to apply online.

    Step 4: Collect the Materials Needed
    Once you have received the credit card, you can then collect all the information needed to transfer the balance. You will need to get the card account information and the balance you want to transfer before you make the call. If you How to do an Online Credit Card Balance Transfer? - Save Money on Interest - Make a Plan to Pay Off Your Debit Within the Promotional Time Periodare wanting to transfer balances from two or more credit cards you will need to collect the information from all of them.

    Financial Tip: Depending on how much credit card debt you have and how long you’ll need to pay it off, you may be better off consolidating it with a personal loan.

    Step 5: Transfer the Balance – Make the Call
    Once you have collected your information, you can then call the card issuer and request the balance transfer. Usually, you can find the customer service center phone number on the back of the card or on the information you received with the card. Explain to the representative that you would like to transfer a balance and present them with the information you have already collected.

    Before ending the call, you may want to ask the representative how long it will take to transfer the balance. Sometimes it can take a week or two to complete, so it pays to be patient. The good news is that this part of your job is done, and the balance will soon be transferred.

    Step 6: Make a Plan to Pay off Your Debt
    Remember way back up in step one where we asked you to assess your current financial situation before transferring the balance? At this time you may have considered how long it will take you to pay off the debt. If not, now is the time to consider that and to make a plan to pay this debt off. For example, if you have selected a card with 15 months and you have $5,000 worth of debt, get out your handy-dandy calculator and determine how much you need to pay off each month to pay off the entire $5,000 within the 15-month time-frame.  (That would be $333.33 per month, by the way.  Sorry, the math nerd in me was screaming for that to come out. 🙂 )

    Here are some tips to help you be more successful in paying off your debt.

    • Create a budget. Identify how much you want to pay each month and make a strict spending plan around that number. Then follow the plan!
    • Track your spending. The best way to follow a budget is to track your spending. A great way to do this is with a service such as found at Mint.com.
    • Eliminate extras and spending temptations. You may have already thought about this when creating the budget but it can’t hurt to mention about removing those extra expenses to help pay down this debt faster. For certain categories, you may want to consider a cash system to help curb impulse spending. It may be hard, but it is definitely worth it to cut out those unnecessary expenses to pay this debt down end meet your goals.
    • Avoid using the card(s) for purchases or cash advances. Wherever possible, avoid using the old card or cards and new card for new purchases or cash advances. The goal is to pay off the debt without creating more debt. You may hear some people say to cut up the card, and that is one sure-fire way of preventing you from making impulse purchases at the grocery store or department store. A less-extreme version of cutting up the card is to freeze the card. This prevents you from carrying the card to the store and is especially helpful if you are prone to Internet purchase temptation.
    • Find some motivation. The sad truth is that over time, it becomes hard to keep on going. We all know that keeping a budget and staying on a spending plan is not the most exciting thing in the world. Life happens. You get busy. You may forget to track spending for a while. Find some ways to help keep you on track. For example, you may want to listen to Dave Ramsey and hear excited listeners call in with their stories about how they have paid off their debt. You may want to sign up for a class offered locally that encourages you to keep a budget and track your spending. A couple of good courses offered locally at churches are Financial Peace University from Dave Ramsey and Navigating your Finances God’s Way from Compass.  You may want an accountability partner that will help you stay on task with your budget and spending plan. Do whatever it takes to keep yourself on task. It is too easy to stop tracking spending and to let that budget go.

    Once you have found the right card for your situation, it is pretty easy to transfer a balance. That’s the good news! It is harder to stay on a budget and to track your spending. That is the reality. Make it a habit and keep going. After your debt is paid, keep on going with the budget and spending plan, and try to keep from acquiring further credit card debt.

    After paying that debt off, you may be able to add those extras back into the budget and be a little bit more relaxed about spending on temptations, but it is still wise to keep a budget and track your spending. So keep on going!

    If you would like more information and tips and tricks regarding balance transfer credit cards, click here.

    We hope we have been able to provide you the information you need to know on How to do an Online Credit Card Balance Transfer?

    OTHER RESOURCES RELATED TO HOW TO DO AN ONLINE CREDIT CARD BALANCE TRANSFER?

    Longest No Interest Credit Card Balance Transfer Offers for 2018

    How to Find the Best Credit Card for You in 2017 and Early 2018

    Best 0% Balance Transfer Credit Card Offers for 2017

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    Co-written by Curtis Arnold, a nationally recognized consumer advocate and founder of CardRatings.com, the pioneering website that started posting the first credit card ratings online around 20 years ago and Shane Tripcony, personal finance blogger and web marketing consultant. Curtis and Shane are the founders of BestPrepaidDebitCards.com, which provides ratings and reviews of prepaid cards and credit cards.

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