Chase Freedom Balance Transfer Offer

Are you looking for a balance transfer credit card that you’ll actually want to hold onto long term?  Well, look no further.

The Chase Freedom credit card, which was recently named the “Best Overall Card” by CBS MoneyWatch, comes with 0% APR on balance transfers for 12 months and 0% APR on purchases for six months.

There is a 3% balance transfer fee (minimum of $5), which is the lowest around now that there aren’t any no fee balance transfer offers available.

After the introductory APR expires, a variable rate from 11.99% – 22.99% applies, not that you should be carrying a balance anyways…

$100 Cash Back Bonus

But here’s where it gets good. If you make $500 in qualifying transactions during the first 3 months from account opening, you’ll receive 10,000 bonus points, which is good for a $100 check.

The best part: balance transfers count has “qualifying transactions,” meaning your balance transfer fee could effectively be awash.

Example:

Credit card debt: $3,000 @ 19.99% APR
Balance transfer fee: 3%
Monthly savings: $50

If you balance transfer $3,000 to the Chase Freedom card, you’ll pay $90 in balance transfer fees, but earn $100 cash back, so your net gain will be $10.

Plus you’ll enjoy a 0% balance transfer credit card for 12 months, meaning savings of roughly $50 a month by avoiding credit card finance charges.

Chase Freedom Offers Cash Back

The Chase Freedom credit card also comes with 5% cash back on up to $1,500 spent in bonus categories which rotate each quarter, such as gas, groceries, dining out, and home improvement stores.

You can even earn 10% cash back if you shop online at select merchants via Chase.

Plus you earn 1% cash back everywhere else without a limit.

So if you have high-APR credit card debt that needs to be transferred, Chase Freedom could be the card you use to pay off the debt and later make your go-to credit card for new purchases.

Apply here.