One of the best ways for holiday shoppers to save big on 2012 holiday purchases is by transferring credit debt to a 0% interest credit card.
San Diego, CA (PRWEB) December 04, 2012
With the holiday shopping season well under way, consumers are looking for any way to save money over the upcoming month. According to Creditnet.com, one of the best ways for holiday shoppers to save big on 2012 holiday purchases is by transferring credit debt to a new, 0% interest balance transfer credit card for 2013.
According to a recent report from the credit bureau TransUnion, the average consumer owes close to $5,000 in credit card debt. And with the average shopper spending more than $850 in holiday gifts alone this year (source: American Research Group, Inc.), consumers can save dozens and even hundreds on interest simply by transferring an existing balance to a new, 0% interest credit card.
As shoppers look to wrap up the savings in the coming weeks, Creditnet.com has announced three balance transfer credit cards that can alleviate credit debt this holiday season.
1.)Citi Simplicity® Card
Creditnet's Editor's Choice Credit Card for December is one of the very best for balance transfers this holiday season. Not only are both balance transfers and purchases included in the 0% intro period, but the Simplicity® Card from Citibank also features one of the longest intro periods of any credit card at 18 months.
The Simplicity® Card from Citi is also regarded by shoppers because it does not charge late fees or any annual fees, though shoppers should be aware that there is a 3% (or $5 minimum) fee on balance transfers,
2.) Slate(SM) from Chase - No Balance Transfer Fee
This popular balance transfer credit is the only credit card on the market today that does not charge a fee for balance transfers. New cardholders have within 60 days of the account opening to transfer their credit card balance for free. The 0% interest period on this credit card is a shade shorter than the Citi Simplicity® Card's market-leading 18 months, however this is also a no annual fee credit card.
This 0% interest credit card from Discover® sets itself apart from the pack by offering one of the very best rewards program on the market today. The Discover® More Card - 18 Month Promotional Balance Transfer matches Citi Simplicity® Card's 18-month promotional period and does not charge an annual fee. There is, however, a 3% fee on balance transfers. (Or $5 - whichever is greater.)
Creditnet recommends making the most of 2012 holiday purchases by skipping interest payments come 2013, and the three aforementioned 0% interest balance transfer credit cards are the very best according to this leading credit consumer website.
Creditnet.com is a leading authority on credit card reviews, credit news and credit building advice. As the host of Credit Talk - the oldest and most comprehensive credit forum on the web today - Creditnet has been helping consumers rebuild their credit since 1995. Creditnet's credit card search tool matches up consumers with the perfect credit card for them, and their CreditCents blog includes credit card reviews, news and weekly tips.