Press Release

FOSTER CITY, Calif., Jan. 6, 2020 /PRNewswire/ -- CardRatings.com, a leader in credit card ratings, today released the winners for consumer-facing balance transfer credit cards. The timing couldn't be more appropriate, since savvy holiday shoppers can now use a balance transfer card to save money while paying down their gifting debt.

The Best Balance Transfer selection for 2020 is:

• Winner: Discover it® Balance Transfer
• Runner-Up: Citi Simplicity®

The Discover it® Balance Transfer card won CardRatings over with a trifecta of great features. The balance transfer intro offer is 0% on balance transfers, the feature lasts a lengthy 18 months, and its starting annual percentage rate (APR) is on the low end, at 13.49%. 

The Best 0% APR Period Cards of 2020 are:

• Winner: Capital One® Quicksilver® Cash Rewards
• Runner-up: BankAmericard® Credit Card

The Capital One® Quicksilver® Cash Rewards card has an introductory 0% APR for 15 months, along with a $150 bonus after spending $500 within the first three months of opening the card. It does have a 3% balance transfer fee, but that's on the low end of standard for most credit cards.

"Consumers often overspend and retain debt for a few months after the holidays," says Brooklyn Lowery, the senior manager and site editor of CardRatings.com. "Our list can help them save a substantial amount of money while working to pay off the initial balance."

Balance transfer credit cards can mean the difference in paying hundreds of dollars in interest, and owing no interest at all. However, each card may have a different transfer window, so it is important that consumers carefully consider the offer to best take advantage.

In addition to choosing winners in each category, CardRatings created a side-by-side comparison of all the top cards to make it easier for consumers to spot the differences, including the deadlines by which transfers must be made.

CardRatings compiled data on 23 of the most popular balance transfer and 0% APR cards. Some benefits of the most well-regarded cards include:

• Low introductory APRs extending to cover new purchases
• A lock-in rate
• Balance transfers with zero fees

A detailed accounting of all the card selections can be found here: https://www.cardratings.com/insights/comparisons-balance-transfer-credit-cards.html

About CardRatings.com
CardRatings.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media.  QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. Cardratings.com is a member of the company's expert research and publishing division.

CardRatings.com innovated online credit card ratings and has been offering independent ratings and reviews of credit card offers since 1998. The website collects and maintains data on more than 700 credit card offers and carefully compiles objective lists of the top credit cards by card type, making it easy for consumers to find the right card to fit their needs.

Website: https://www.cardratings.com 
Twitter: @CardRatings 
Facebook: https://www.facebook.com/CardRatings

Media Contact
Amy Eury
Public Relations Manager
412-532-9352
aeury@quinstreet.com

Or,
For CardRatings.com
Liberty Communications for QuinStreet
Rick Judge, 415-429-5652
QuinStreet@libertycomms.com

View original content:http://www.prnewswire.com/news-releases/cardratingscom-selects-the-best-balance-transfer-credit-cards-300981898.html

SOURCE CardRatings.com