4 Credit Cards to Help Fund Your Wedding

With benefits like cash back rewards and 0% interest periods, these cards can help you make getting hitched a little easier on your wallet.

[Disclosure: Cards from our partners are mentioned below.]

Your wedding is the event that launches you and your partner into your future as a married couple. It’s also an excuse to throw a great party and bring together friends and loved ones to celebrate your relationship.
Of course, paying for a wedding is not an easy thing. Whether you’re throwing a backyard barbecue or an elegant affair, expenses can pile up fast, and racking up debt isn’t the greatest beginning for a long-term commitment.

Fortunately, there are some credit cards that can help you curb costs as you plan your wedding. Here are four of our favorites.

1. Citi Double Cash

The Draw: Unlimited 1% cash back on purchases and an additional 1% back upon payments (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)

Signup Bonus: None

Annual Fee: None

Annual Percentage Rate (APR): 0% introductory APR for 18 months, then variable 14.24% to 24.24%.

Why We Picked It: This card provides extra motivation for paying off your balance fast.

Benefits: All purchases earn 1% cash back and an extra 1% upon payment for a total of 2% cash back.

Drawbacks: You won’t earn your full cash back until you’ve paid off your purchases.

2. Chase Freedom Unlimited

The Draw: 1.5% cash back on all purchases

Signup Bonus: $150 cash back when you spend $500 in the first three months

Annual Fee: None

APR: 0% introductory APR for 15 months, then variable 15.74% to 24.49%

Why We Picked It: This is a well-rounded cash back card with a decent rate of return, a signup bonus and a long introductory APR period.

Benefits: All purchases earn a flat 1.5% cash back. There’s a $150 signup bonus, and purchases and balance transfers are interest-free for the first 15 months.

Drawbacks: There are higher cash back rates available if you’re willing to meet slightly more restrictive requirements.

3. Blue Cash Preferred Card From American Express

The Draw: 6% cash back at U.S. supermarkets on up to $6,000 in purchases per year (then 1%), 3% cash back at U.S. gas stations and select U.S. department stores, 1% cash back on everything else

Signup Bonus: $250 cash back when you spend $1,000 in the first three months

Annual Fee: $95

APR: 0% introductory APR for 12 months, then variable 13.74% to 24.74%

Why We Picked It: Through a gift-card hack, you could earn 6% cash back on many of your DIY wedding crafts.

Benefits: If your wedding is a DIY affair, you could earn 6% cash back at retailers by purchasing gift cards and using them elsewhere. There’s also a nice $250 signup bonus and a year of interest-free APR.

Drawbacks: Due to fraud concerns, some grocery stores won’t let customers use plastic to buy gift cards, so check your supermarket’s policy before you apply.

4. Chase Slate

The Draw: No balance transfer fees

Signup Bonus: None

Annual Fee: None

APR: 0% introductory APR for 15 months, then variable 15.74% to 24.49%

Why We Picked It: This card is perfect for balance transfers.

Benefits: This card offers 0% intro APR for 15 months with no balance transfer fees, so if you want to transfer your wedding expenses onto a card with good terms, this is the one for you.

Drawbacks: This basic credit card doesn’t offer rewards.

How to Choose a Card for Wedding Expenses

The best card to finance your wedding will depend on your goals. If you’re looking to save money, a cash back card may be the best fit. If you want to transfer a balance or take some time to pay down your debt, a card with an introductory APR period and minimal fees may be best.

We recommend analyzing your wedding budget to determine what types of purchases you’re likely to make, and then picking a card that will best reward that type of spending. Also keep in mind, signup bonuses are a great incentive if you can realistically meet the spending requirements. Just make sure they won’t require you to stretch your budget.

What Credit You Need to Get a Card to Pay for Your Wedding

Most cards with cash back rewards or introductory APR offers require good-to-excellent credit. If that describes you, acquiring a new card should not be a problem. Not sure of your standing? You’ll want to check your credit score before you apply. You can view two of your scores for free on Credit.com.

At publishing time, the Chase Slate, Chase Freedom Unlimited, Blue Cash Card from American Express and Citi Double Cash credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, these relationships do not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: aldomurillo

The post 4 Credit Cards to Help Fund Your Wedding appeared first on Credit.com.

These Balance Transfer Credit Cards Can Help You Pay Down Debt

When considering a balance transfer card, be sure to check the introductory APR and any transfer fees.

[Disclosure: Cards from our partners are mentioned below.]

If you’re trying to pay down a large credit card balance and you feel like you’re getting nowhere, one potential solution is to move your debts to a balance transfer card. Balance transfer cards often offer introductory periods of 0% interest, giving you time to pay down your balance without accruing additional debt.

If you’re looking for a balance transfer credit card, you should be examining the introductory period, transfer fees and any additional benefits the cards provide to help you decide which one is right for you. To help you get started, check out these cards, which all offer solid intro periods for you to pay down your balances interest-free. (Paying your debt down means you’ll be on the path to improving your credit utilization and, in turn, your credit scores. You can see two of your scores free on Credit.com.)

Chase Slate

Balance Transfer Fee: $0 for 60 days, then $5 or 5% of the transfer amount, whichever is greater

Annual Percentage Rate (APR): 0% intro APR for 15 months, then variable 15.74% to 24.49%

Annual Fee: None

Why We Picked It: This card has a lengthy 0% intro period and cardholders can avoid balance transfer fees for 60 days.

Benefits: Fifteen months is a solid intro period, and you can save further by completing your balance transfers within 60 days to avoid transfer fees. There’s also no penalty APR if you make a late payment.

Drawbacks: After the initial 60-day window, balance transfers incur a $5 or 5% transfer fee, which is higher than many competing cards.

Citi Simplicity

Balance Transfer Fee: $5 or 3% of the transfer amount, whichever is greater

APR: 0% intro APR for 21 months, then variable 14.24% to 24.24%

Annual Fee: None

Why We Picked It: Citi’s 21 months of interest-free financing is impressive. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)

Benefits: With 21 months interest free, Citi Simplicity sets the bar high for balance transfer cards. That’s almost two years to pay down your balance. There are no late fees or penalty APRs.

Drawbacks: There are no rewards policies.

Alliant Visa Platinum Rewards Card

Balance Transfer Fee: None

APR: 0% to 5.99% intro APR for 12 months, then variable 13.99% to 23.99%

Annual Fee: None

Why We Picked It: Alliant Credit Union’s rewards card offers no balance transfer fees and a year with no interest. Plus, cardholders earn rewards points for valuable redemptions.

Benefits: Qualifying cardholders get a year of 0% APR and no balance transfer fees. They’ll also earn two points for every dollar spent in purchases and 5,000 bonus points when spending $500 in the first three months. Points can be redeemed for travel, gift cards, cash back and more.

Drawbacks: You’ll have to be an Alliant Credit Union member to access this card, although a simple $10 donation to Foster Care to Success can make you eligible. Beyond that, you need the right credit to qualify for the 0% intro APR offer. If you don’t, Alliant may impose an intro APR up to 5.99%.

Discover it

Balance Transfer Fee: 3% of the transfer amount

APR: 0% intro APR for 18 months on balance transfers (6 months on purchases), then variable 11.74% to 23.74%

Annual Fee: None

Why We Picked It: Discover it offers 18 months of 0% APR on balance transers and earns cash back with a nice bonus the first year.

Benefits: Eighteen interest-free months is a solid time frame to catch up on debt. Cardholders also earn 5% cash back on up to $1,500 in purchases for quarterly rotating spending categories such as gas, dining and home improvement. All other purchases get unlimited 1% cash back. Discover matches all earned cash back for the first year of the card.

Drawbacks: Earning cash back requires spending on the card, which may be counterproductive if you’re trying to pay down debt.

Barclaycard Ring MasterCard

Balance Transfer Fee: $0

APR: 0% intro APR for 15 months, then variable 13.74%

Annual Fee: None

Why We Picked It: This card has 15 months with no interest, no balance transfer fees and a decent APR once interest kicks in.

Benefits: For 15 months, cardholders can pay down their balances with no interest. They’ll also pay nothing for balance transfer fees. Once the interest kicks in, it’s a decent rate.

Drawbacks: The card’s Giveback rewards program is a profit-sharing feature that offers cardholders little control.

Choosing & Using a Balance Transfer Card

Assuming you intend to use your balance transfer card to pay down large balances, there are some things you should know about selecting and using these cards.

Before you apply for any card, you’ll want to check the APR that kicks in after the 0% intro period. If it’s higher than the APR on your current cards, think twice about applying. If you don’t manage to pay off your balance transfers before the intro period runs out, a card with a higher APR will slap you with a worse interest rate than you currently have.

The balance transfer fee also requires close attention. Some balance transfer cards won’t charge a fee on transfers, while others will charge $5 or 3% to 5% of the transfer amount. Depending on your current balances, this could wind up costing hundreds of dollars.

When you open a card, transferring your balances immediately will pay off. That’s because you’ll get the full intro period to pay down your balance interest-free. Also, if your card only offers free balance transfers for a limited time, you’ll want to take advantage while you can.

Finally, you’ll want to use the card in the most fiscally responsible way. Paying off your entire balance within the intro period will save you the most money, so you may want to figure out the minimum monthly payment required to accomplish that. Using the card for everyday spending will add to that balance, and if your focus is reducing debt, you’ll probably want to limit or completely avoid using the card for purchases until the balance reaches zero.

Image: Geber86

At publishing time, the Chase Slate, Citi Simplicity, Discover it and Barclaycard Ring MasterCard credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post These Balance Transfer Credit Cards Can Help You Pay Down Debt appeared first on Credit.com.

4 Credit Cards That’ll Cut You Some Slack

Some credit cards won't penalize you for every mistake you make (though it's still best to use your plastic wisely).

[Full Disclosure: Cards for our partners are mentioned below.]

Mismanaging your credit cards can really cost you. Go over your credit limit and you’ll get hit with a fee. Need to transfer a high-interest balance? You’ll pay a fee. Miss a payment? Incur a fee — and a penalty annual percentage rate (APR).

Some credit cards, however, will give you a pass from time to time — at least as far as fees and those pesky penalty APRs are concerned. Credit scoring consequences will still apply, which is why you’ll want to do your very best not to get into trouble. (You can see how your card use is affecting your credit by viewing two of your scores for free on Credit.com.) Still, it’s nice to know that not every mistake will cost you. Credit card late fees, after all, can run you $25 to $37 and penalty APRs are no joke — industry standard is around a variable 29.99%.

Expert Intel: Some issuers will forgo reporting a first missed payment to the credit bureaus, too, if you call them up and plead your case. (Accidents happen, you know?) Habitual offenders, however, shouldn’t expect their issuer to acquiesce.

With that in mind, here are four credit cards that’ll cut you some slack.

1. PenFed Promise Visa Card

Why We’re Mentioning it: Because when it comes to fee-free credit cards, the PenFed Promise Visa is king. There’s no annual fee, no late fees, no balance transfer fees, no over-the-limit fees, no cash advance fees and no foreign transaction fees. Plus, there’s no penalty APR. All that and you can earn a $100 statement credit if you spend $1,500 in your first 90 days. One note: PenFed is a credit union open primarily to military members and their families, though there are other ways to qualify for membership. See its website for full details.

Annual Fee: $0

Purchase APR: Variable 9.24% to 17.99%, depending on your credit

2. Discover it — Cashback Match

Why We’re Mentioning it: On top of being a solid rewards credit card, the Discover it completely forgoes over-the-limit fees, and a late payment won’t incur a penalty APR. You’ll also get a free pass the first time you miss a payment. (Remember, though, you’ll want to avoid skipping a due date at all costs, as doing so can seriously muck up your credit.) You won’t have to pay an annual fee either. As for the rewards, Discover it cardholders can earn 5% cash back on up to $1,500 in purchases in revolving quarterly bonus categories, plus 1% cash back everywhere else. They’ll also get a dollar-for-dollar match on all the cash back they earn in their first year at the end of it (hence the name.)

Annual: $0

Purchase APR: Variable 13.74% to 23.74% depending on your credit, after 14-month 0% introductory APR expires

3. Citi Simplicity

Why We’re Mentioning it: The Citi Simplicity’s big selling point is its balance transfer offer: Cardholders get a 0% introductory APR on purchases and balance transfers for a whopping 21 months (after that, it’s a variable14.24% to 24.24%, depending on creditworthiness). On top of that, the card’s also relatively cheap to carry. It skips late fees and forgoes a penalty APR. Plus, there’s no annual fee to start with. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)

Annual Fee: $0

Purchase APR: Variable 14.24% to 24.24%, depending on your credit, after a 21-month introductory APR expires.

4. Chase Slate

Why We’re Mentioning it: The Chase Slate also forgoes a penalty APR, and it also sweetens its 15-month 0% introductory APR on purchases and balance transfers (variable 15.74% to 24.49%, after that) by waiving the balance transfer fee during the first 60 days after account opening. (After those 60 days, the balance transfer fee will run you 5% of the amount transferred, with a minimum fee of $5.) And, like all of the other cards on our list, there’s no annual fee.

Annual Fee: $0

Purchase APR: Variable 15.74% to 24.49%

At publishing time, the the PenFed Promise Visa, Discover it — Cashback Match, Citi Simplicity and Chase Slate credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: courtneyk

The post 4 Credit Cards That’ll Cut You Some Slack appeared first on Credit.com.

4 Credit Cards That Could Help You Get Out of Debt Faster

0% credit cards

Are you struggling under the weight of credit card debt? As unsecured debt, credit cards can have much higher interest rates than loans secured by your home or your car. And unlike a home mortgage or a student loan, credit card interest charges are never tax deductible.

When you have credit card debt, you continue to incur interest charges each day on your balance, and it can consume a substantial proportion of your monthly payments. Thankfully, there are some credit cards that can actually help you to get out of debt sooner than staying with your current credit card.

Many credit cards offer interest-free promotional financing on balance transfers. When you open an account with one of these cards, you can transfer your existing balance to your new card and enjoy 0% APR financing for more than a year. However, nearly all credit cards with interest-free promotional financing on balance transfers will charge a fee of 3% or 5% of the balance you want to carry over to the new card.

During this promotional financing period, 100% of each payment you make goes directly towards paying down the principal. As a result, you can pay off your credit card debt sooner without making larger payments each month. Better yet, you can use the end of the promotional financing offer as a goal for paying off your entire debt. When you have an added incentive to pay off your debt before interest begins to accrue, you can work even harder towards avoiding all interest charges.

Here are some of the best credit cards that can help you to get out of debt faster.

1. Chase Slate

This is the only credit card from a major bank that offers 0% APR balance transfers with no balance transfer fee or annual fee. New applicants receive 15 months of interest-free financing on both new purchases and balance transfers, with no fee for transfers completed within 60 days of account opening. 

In addition to its outstanding balance transfer offer, this card also features Chase’s Blueprint program at no additional cost. Blueprint allows you to set a date for paying off your debt and it provides you with the amount you have to pay each month to reach that goal. Or, you can input the amount you are able to pay each month, and it will tell you how much time it will take for you to pay off your debt. Blueprint also allows you to avoid interest on some charges by paying them in full while carrying a balance on others. There is no annual fee for this card, and it has no penalty interest rate.

2. Citi Simplicity

Citi’s Simplicity card offers the longest promotional financing offer available from a major bank. It features 21 months of interest-free financing on both new purchases and balance transfers, with a 3% balance transfer fee. Simplicity also has no late fees and no penalty interest rate. Other benefits include extended warranty coverage and access to Citi’s Price Rewind service. There is no annual fee for this card. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)

3. BankAmericard From Bank of America

This card offers 18 months of interest-free financing on balance transfers made within 60 days of account opening, with a 3% balance transfer fee. And since it’s issued by one of the nation’s largest banks, those who have an existing checking or savings account with Bank of America can have the convenience of making transfers between accounts rather than payments between institutions. This card is also compatible with mobile payment systems including Apple Pay, Android Pay and Samsung Pay. There’s no annual fee for this card.

4. JetBlue Plus Card From Barclaycard

This card allows you to pay down your balance faster, while also offering travel rewards and benefits. New cardholders receive 12 months of 0% APR financing on balance transfers completed within 45 days of account opening. You also earn 6x points for JetBlue purchases, 2x points at restaurants and grocery stores and 1x on all other purchases. Travel benefits include a 50% savings on in-flight purchases, 10% of your redeemed points back and a free checked bag on JetBlue flights. There’s a $99 annual fee for this card, and no foreign transaction fees.

A Note on Balance Transfers

Once you transfer your balances to a 0% APR card, it can be tempting to spend again on the clean, debt-free card, but it’s important to try to keep your balances as low as possible on both cards. Card balances and a heavy amount of debt influence your credit scores in a negative way, and a low credit score can limit your options in the future. Mortgage rates, car loan rates and even cellphone down payments are influenced by your credit score. If you’re curious to see how your debts are influencing your credit scores, you can see two of them for free, updated every 14 days on Credit.com. 

At publishing time, the Chase Slate, Citi Simplicity and the JetBlue Plus card from Barclaycard are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: LuminaStock

The post 4 Credit Cards That Could Help You Get Out of Debt Faster appeared first on Credit.com.