The Reason Why The Discover Platinum Credit Card Is Very Popular for Transferring Balances

Lately, I've been getting emails from folks asking why the Discover Platinum credit cards are so popular for balance transfers. Why do savvy consumers chose Discover over the competitors?

Well, folks, it's really quite simple: Discover offers the best value.

The Discover Platinum Card offers an interest-free period of 12 months for both transferred balances and new credit card purchases. Generally speaking, other credit cards typically only offer an interest-free period for balance transfers, and charge interest on new purchases.

Discover Platinum is also a rewards credit card: icing on the cake!

Last, but certainly not least: there's no annual membership fee with the Discover Platinum card.

NB: The Discover Platinum Card used to be a "no balance transfer fee" card, but you'll have to pay a fee for transferring balances now: 3% for each balance transfer, with a minimum of $10 and a maximum of $75.

We like the following 3 flavors of the Discover Platinum Card (Update: "Discover Platinum" has been renamed to "Discover More"):

• Discover® More Card- American Flag
  
  
• Discover® More Card
  
  
• Discover® More Card - Wildlife Collection
  

OK, now I know that for some of you, the next question is:

"What if I've already transferred my credit card balance(s) to a Discover account? I know I can't transfer from one Discover credit card to another, so what to do? I want a first-class, fee-free balance transfer offer, and I won't settle for anything less!"

If the above describes your situation, then we have good news for you: Right now, there are two Citibank credit cards that offer a 12 month, interest-free period on transferred balances with no balance transfer fee. The tw0 cards are:

• Citi® Driver's Edge® Platinum Select ® Card
  -- 0% APR on transferred balances for 1 year
  -- no balance transfer fee
  -- no annual membership fee
  
  
• Citi® Home Rebate Platinum Select® MasterCard®
  -- 0% APR on transferred balances for 1 year
  -- no balance transfer fee
  -- no annual membership fee
  

Remember: the interest-free period for the above-listed Citibank credit cards is for transferred balances only, not for new purchases, so you'll have to stay disciplined if you signup for one of these offers.

It's also important to remember that credit card offers can change at any time, so if you plan on taking advantage of any offer recommended here today, you shouldn't procrastinate.


Free Balance Transfer Update #1: Click here for more free (no-fee) 0% Intro APR Balance Transfer Offers.

Free Balance Transfer Update #2: Free (as in no fee) for transferring balances to the Pulaski Bank Visa Gold Card.


Before you go, please vote in the credit card balance transfer online poll. Thanks!

--> 0% APR HOMEPAGE <--

Prime Rate Plateaus At 8.25%, and Will Stay There for A While

Just about every credit card on the U.S. market is tied to the Prime Rate. The Prime is currently at 8.25%, and according to the best predictions out there, it most probably won't go any higher this year. It's a good idea to stay on top of what's happening with interest rates, especially if you plan on consolidating your credit card and other debts. Timing is everything!

For example, you may want to hold off on consolidating your debts if interest rates are on their way down. Consolidating when interest rates are low can end up saving you thousands of dollars in the long term, no doubt.

--> 0% APR HOMEPAGE <--

Application Approval Numbers for September, 2006

The folks who visit us here at www.BalanceTransfer.cc are invariably looking for the best zero percent introductory annual percentage rate (APR) credit card offers, for both purchases and credit card balance transfers. However, for many visitors, it's not as simple as that: credit card deal hunters often want to know which credit card companies have the highest approval ratios, because many credit consumers understand that banks and credit card companies aren't always consistent with their application approval ratios (for various reasons), and it's always a good idea to minimize the risk of having a credit card application rejected.

So, as a service to our visitors, we are starting a new tradition: from now on, and on a monthly basis, we will post the raw approval numbers for the various credit cards listed here at www.BalanceTransfer.cc; here are the numbers for September, 2006:

American Express® Blue	1
American Express® Blue CashSM	1
Chase - Sony CardSM	1
Chase PerfectCard™	2
Chase Platinum Visa®	1
Citi® Upromise® Card	3
Discover® Platinum American Flag Card	7
Discover® Platinum Card	1
Discover® Platinum Wildlife Card	1

The Citi® Upromise® Card is starting to gain in popularity, which is no surprise really: it's a great rewards credit card that helps families to save for college when cardholders shop for things like gasoline, clothing, home electronics and more.

As usual, Discover Card leads the pack, with a total of 9 approvals last month for the 3 varieties of their Platinum Card. Discover's popularity comes as no surprise: the interest-free period on transferred credit card balances for all Discover cards we have listed on this site is -- and always has been -- at least 12 months. A year long holiday from paying interest on credit card debt: good stuff! Discover credit cards are also highly attractive because most offer a 0% introductory APR on new purchases for 12 months to boot. It won't surprise us one bit if Discover ends up leading the pack next month as well. Stay tuned!

For those of you interested in comparing September's approval to a month prior to September, here are the approvals from March, 2006:

American Express® Blue	2
Chase Platinum Visa®	3
Chase Sony CardSM	2
Citi® Diamond Preferred® Rewards Card	3
Citi® Dividend Platinum Select® Card	1
Citi® Home Rebate Platinum Select® MasterCard®	1
Discover® Gold Card	9
Discover® Platinum American Flag Card	1
Discover® Platinum Card	1
Discover® Platinum Wildlife Card	2

That's it for now. Before you go, please vote in the credit card balance transfer online poll. Thanks!

--> 0% APR HOMEPAGE <--