Monthly Archives: August 2016

Introductory Interest Terms

Credit card issuers are in such fierce competition these days to attract new customers that most have started offering sweetheart deals to win you over, like ultra-long 0% introductory interest periods. While these types of offers can be great (switching from paying something like 15% interest to 0% is obviously a smart move), so many cards are offering so many varying offers that sifting through them to find the better ones can become a little confusing.

Like most things, there’s no single answer for everyone, yet in our research, we found that four cards in particular each offered appealing features that beat out other similar cards. One offers a solid 15-month 0% term, yet charges no balance transfer fee. Two more offer nice 0% intro terms together with attractive cash back rewards programs.

15 Months of 0% Intro APR. No balance transfer fee. No annual fee.

The Chase Slate® is tied as our highest-rated balance transfer card, and for good reason. It charges no fee for transferring your balance to it in the first two months, no annual fee, and no interest on balances transferred for a full 15-month 0% intro APR period. This makes it a phenomenal tool to gain control of your credit card debt, as you can make a costless balance transfer, then use the 15-month interest grace period to pay down your balance.

The Verdict: If you don’t need the entire 18 months offered by the BankAmericard, this can be efficient since it doesn’t have a balance transfer fee. No transfer fee and no annual fee, combined with the 0% intro APR means that this is really free money for the 15 month term, no catches.

Most Appropriate For: Those who want a no-fee way to stop paying interest, and possibly pay off the cards during that breather. Those with good rather than excellent credit.

Least Appropriate For: Those who pay off their balances every month would be better served getting a card paying high rewards.

Recommended credit:  Just Good. The Chase card has the most lenient credit requirements of our top balance transfer cards.

More Details >

The Ultra-Long 0% Card

18 billing cycles (months) of 0% Intro APR on balance transfers. No annual fees.

BankAmericard® Credit Card

The BankAmericard® Credit Card is tied as our highest rated balance transfer card, featuring an unbelievable 18 billing cycles (months) 0% APR intro period. This means that if you were to roll your balance over onto the card today, you wouldn’t have to pay interest until well into 2018. The card does charge a 3% balance transfer fee (or $10, whichever is greater), but if you’re looking to avoid paying any interest on your credit card balances for as long as possible, the BankAmericard could be your card.

The Verdict: Getting a loan this cheaply for this long is pretty amazing. If you’re carrying a balance, and realistically you know you will have to carry that balance for a while, this card becomes a no-brainer. As an example, assume you have a $10,000 balance on your current cards at a 18% rate. Over the 18 billing cycle (month) term, you would have paid $3,098 in interest.* Switching to this card would cost $300 in fees, but then nothing the rest of the way, for a net savings of $2,798. Not bad, you could do a lot with that extra cash.

Most Appropriate For: Those who have large balances and want as much interest-free time as possible to pay the principle down.

Least Appropriate For: Those who pay off their balances every month or every few months.

Credit Required: Good to Excellent

Picks It Every Month

You see, renowned investors David and Tom Gardner (whose investing newsletter was reported in The Wall Street Journal as one of the best performing in the world*) just revealed their next great stock ideas.

And I don’t know about you, but I always pay attention when some of the best growth investors in the world give me a stock tip.

But please note: As of right now, you could miss out because you may not be on the list to receive the stock ideas.

You see, David and Tom Gardner only released these new recommendations to members of their service, Motley Fool Stock Advisor.

Lucky for you, it’s not too late to join, so I’m going to show you the simple steps to get on the list today.

But first, consider this:

If you read this note on June 7, 2002… when David recommended Marvel (years before it was acquired by Disney), you’d be up 4835% today.

Or on May 21, 2004, when David first recommended Priceline, You’d be up 6121% today.

Or – more recently – on January 22, 2016… when Tom announced his recommendation of Criteo? In just a few months, you’d be up 22%.

Now if you had invested just $1,000 in each of those stocks, you’d be sitting on close to $156,514 today.

And loyal followers of David and Tom who invested more did even better – a $5,000 investment in each of those ideas would be worth about $782,570 today.

But there’s no need for me to cherry-pick returns here. It’s as simple as this…

David and Tom’s average pick in Motley Fool Stock Advisor (their stock recommendation service) is up 193%, while the S&P 500 during the same period is up just 57%.

In other words, David and Tom’s average pick has tripled the stock market’s return for more than a decade. That track record is remarkable in a world where most fund managers actually lose to the market.

And that’s the reason Stock Advisor has been reported in The Wall Street Journal as one of the top 3 investing newsletters in the world.

Now, you can’t go back in time and invest in those stocks I mentioned earlier.

But you can join today and be among the first people to hear about David and Tom’s newest picks.

For details on how you can join Stock Advisor and put yourself on the list today, simply click here.

In case you’re strapped for time, I just tested it myself and joining took less than two minutes.