Credit.com Names Best Balance Transfer Credit Card in America
By Mel Fabrikant Thursday, January 24, 2013, 03:23 PM EST
Today Credit.com released the latest edition of its Best Credit Cards in America series, featuring the best balance transfer credit cards.
Here's a bit about how we made the selection, from the article:
"We judged these cards by the features that help cardholders get out of debt, and ignored rewards programs that encourage customers to spend more money. Next, we narrowed down the field to cards that offer at least one year of interest-free financing on new purchases and balance transfers."
This year the winner is Slate from Chase.
"It should come as no surprise that the only credit card that offers 0 percent APR financing with no balance transfer fees is the clear leader in this field."
The awards are based on a proprietary 41-point rating system developed by Credit.com, which gives each card a “benefits/rewards score” and then subtracts the “costs score.”