Small Business Credit Cards

A 0% Balance Transfer Credit Card usually refers to a credit card that offers a new user or new card holder a 0% interest rate for the first six to twelve months after first using the card. Usually, the 0% interest rate is a “teaser” rate that is used to persuade people to use or avail a certain credit card. This comes after a credit card holder transfers balances from one or more unpaid credit cards to the current card. Then the creditor has to pay for those debts using the new card.

Issuers like banks, generally charge balance transfer fees to reimburse the costs they incurred in handling the transfer of the unpaid debt to the current credit card account.

To take advantage of the 0% interest rate that this type of credit card offers, a card holder must try to transfer debt balances to his current card, then paying for them as quickly as possible. Issuers of this type of card typically offer 0% interest rates on periodical payments for up to twelve months after first using this credit card.

Applicants for balance transfer cards should take note of the following facts regarding this type of credit card:

1. Some card issuers disallow the transfer of debt balances from high interest accounts to this type of card during the introductory 0% interest rate offer period.

2. A handful of issuers of this card charge high balance transfer fees that cost as much as $50.

3. If you incur a late payment for even a single payment period, several issuers automatically charge cardholders with very high penalties. What’s worse, they could immediately revoke the 0% interest rate privilege and change your card to a variable annual percentage rate (APR) card just for one late payment.

4. Issuers may charge the credit card holder very high interest rates right after the introductory offer period expires.

The American Express Blue Card is one of their simpler cards, but that doesn’t mean it’s not a solid, useful card. It offers good rates, good rewards and a few special benefits for
card holders.

• Membership Rewards Express^SM program
• 0% APR for up to 15 months
• No Annual Fee
• Low Balance Transfer APR - 4.99% Fixed APR for the life
  of the balance.
• Blue is your launch pad to standout shopping and
  entertainment rewards and one-of-a-kind experiences.
• Apply Now!