Source: Business2Community

Credit Card Sir’s Perspective: The best balance transfer credit cards currently available are Discover It, Slate from Chase, and Citi Simplicity.

Tax season just ended and that probably means you have your finances front and center in your mind. Since you just filed your taxes, chances are you won’t really have to worry about them for another year unless you face some extraneous circumstances like an audit. However, since you’ve been thinking about your finances, now is a good time to take a look at your credit card situation.

If you’re carrying a significant amount of credit card debt on a high-interest credit card, it may benefit you to consider some 0% APR on balance transfers credit cards in order to consolidate that balance onto a credit card that will not charge you interest for a long enough while that you can pay that balance down. Deciphering all the credit card offers out there can be confusing, however, so I’ve broken my favorite balance transfer credit cards down for you in this post.

Here are the best balance transfer credit cards currently available:

1.   Discover it Card – The new Discover it Card from Discover is my favorite balance transfer credit card currently on the market. With the Discover it Card, cardholders receive a 0% Intro APR on balance transfers for 18 months in addition to a 0% Intro APR on purchases for 6 months. The Discover it Card also features no annual fee, no over limit fee, no foreign transaction fee, and no pay-by-phone fee.

And if you’re late for the first time, Discover will not charge you a late fee or increase your APR. My favorite part of the new Discover it Card, however, is the 5% cashback cardholders receive on purchases in rotating categories throughout the year, as well as 1% cashback on all other purchases. The Discover it Card also features a Cashback Concierge to help them cardholders get the most out of their rewards.

2.   Slate from Chase – The Slate from Chase card is another one of my favorite balance transfer credit cards currently available. With the Slate from Chase card, cardholders receive a 0% Intro APR on balance transfers for 15 months. Although the card does not feature a rewards program like the Discover it Card, it more than makes up for it by requiring no balance transfer fee. The Slate from Chase card is one of the few balance transfer credit cards on the market that does not require the typical 3% balance transfer fee. In addition, the 15 month 0% APR Intro period also extends to purchases as well, and requires no annual fee.

3.   Citi Simplicity Card – The Citi Simplicity Card rounds out my list of the best balance transfer credit cards of Q2 2013. With the Citi Simplicity Card, cardholders receive a 0% Intro APR on both balance transfers and purchases for a full 18 months. In addition, the card requires no annual fee, no penalty rate, and no late fees.

So what are you waiting for? There’s no reason you should be paying interest on your credit card balance when you can consolidate that balance onto another card that will buy you over a year of time so that you can pay that balance off completely.