A number of balance transfer credit cards are offered on the Canadian market, and you simply have to check offers and look for good deals. The purpose of transferring balances is, of course, to consolidate debt and save money on interest. Finding a card with an introductory 0% interest rate is a good way to transfer balances.
Among the top offers are the Citi Platinum Select Visa, the Platinum Prestige Credit Card by Capital One, the Citi Platinum Select MasterCard, the Citi Simplicity Card, the Chase Freedom Visa, and many more. The Citi Platinum Select Visa balance transfer card offers a zero initial rate in the first 21 months, after which it becomes in the range of 11.99 percent – 20.99 percent depending on your credit. You will not be held responsible for unauthorized purchases. You need excellent credit to apply for this card.
The Platinum Prestige Credit Card by Capital One is a great choice as well. You will not be charged interest on purchases and balance transfers until November 2012. The card is offered with no annual fee. If your credit card is stolen or lost, you can obtain a replacement card, along with a cash advance, within 24 hours. Apart from getting travel accident insurance, you can choose an image for your credit card. You may add your own image or choose from a large variety of images. Excellent credit is required for this card as well.
The Citi Platinum Select MasterCard is featured with 0 interest on purchases and balance transfers during the first 21 months You get discounts on travel, gift cards, and merchandise. zero annual fee is offed.
Chase Bank has two types of such balance transfer credit cards. One is the Freedom visa with $50 cashback while the other goes with $100 cashback. The first card is offered with zero percent interest on purchases during the first 6 months and on balance transfers during the first year. After this period is over, the interest rate goes up to 9.99 to 22.99 percent. The first purchase on this card earns a cash back bonus. Until September 30, you earn 5 percent cash back on charging hotel stays, airfare, and gas, up to $1,500. You are entitled to up to 10 percent cash back on purchases made at participating stores. These you can redeem at a time of your convenience. You need excellent credit to apply for this card.
The other Freedom option is offered with money back if you charge $500 over the first ninety days. The Freedom option shares some features with the first card, e.g. zero percent interest on purchases and balance transfers over the first 6 and 12 months, respectively. You also get 5 percent back on purchases made at participating grocery stores, restaurants, department stores, and even home repair stores. The interest rate increases to 11.99 percent or over after the introductory period. Balance transfer credit cards is informational resource, that will help you learn more about credit cards with bonus.