What is the Best Rate for a Balance Transfer?

What is the Best APR for a Balance Transfer Promotion?

Want to know something about debt? It’s everywhere. More than 189 million Americans have credit cards. Additionally, the average cardholder has at least three of them. So, why should we worry about the APR on a balance transfer promotion?

Not only does switching to a lower APR help you get out of debt, but it’s also a breath of fresh air. Imagine, reducing multiple credit cards down to one and paying less interest all at the same time.

Most people don’t know their current APR

It’s true. Most people do not know the current APR of their credit cards. They work hard to pay their payments but never take the time to see how much goes towards interest. This is why debt remains such a big, phenomenal issue. There are tools (like balance transfers) to help, but many do not know how to take advantage of them.

What is a balance transfer promotion?

A balance transfer promotion is a special incentive for people with ongoing credit card balances. Debt holders shift their balances under another loaner, usually for the sake of dealing with the debt.

3 ways a balance transfer solves debt

Balance transfers work when they reduce your debt. There are 3 ways a credit balance transfer helps.

1. Interest takes a step back.
2. Payments become more effective.
3. Cardholders get a chance to catch up.

Not all balance transfers are the same

People considering a balance transfer should be aware of hidden costs. These are negative attributes such as transactional fees. Furthermore, some offers have a very short introductory period. Sure, the new APR sounds great, but it’s only for 3 months. Something in that manner is hardly beneficial.

Before agreeing to a switch, be sure to understand the terms.

Achieva Cash Rewards Mastercard is on your GOOD side.

Not only does this card have the benefits of Mastercard ID Theft ProtectionTM, but it also comes with a special offer. Transfer your balance from any card to our Achieva Cash Rewards Mastercard and get 2.2% APR* until 2021. All with no balance transfer or annual fees.

You can switch away from your high-interest credit cards and maintain your finances. View a complete guide of all Mastercard benefits here.

Save money and switch

Choosing a lower APR during a balance transfer promotion is a smart financial move. Take advantage of special offers and consider making the switch today. And, to answer the question regarding the best APR, 2.2% is a great way to start.


*APR= Annual Percentage Rate. The promotional balance transfer APR of 2.2% will be applied to balance transfers that post to your account through your January 2021 billing cycle. Following the January 2021 billing cycle, your standard APR of 9.9% to 17.9% for balance transfers, purchases, and cash advances will apply based on your creditworthiness. For College Life MasterCard products, the standard APR for balance transfers, purchases, and cash advances is 13.9%. Offer open to existing and new cardholders subject to credit approval. Additional limitations, terms, and conditions may apply. Cash Rewards Mastercard Rates | Consumer Schedule of Fees | Mastercard Credit Card Agreement

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