Interest in balance transfers has grown throughout American consumers. Balance transfer credit cards generally work just like any other credit card. The difference here is that with balance transfer credit cards, consumers are able to pay off high interest rate debt with low interest rate credit cards. It is no secret that today, during this financial recession, lower interest rates are more important than ever! With that said, the extreme demand for more balance transfer offers has lead to a massive amount of competition in the industry. However, it seems as though one heavy weight in the industry is taking it by the horns!

Discover Cards

Although, there are hundreds of balance transfer credit card offers out there, it seems as though at JEMCreditCards.com, more people are applying for balance transfer cards by Discover than any other issuer! However, what makes the Discover Card different from all the others? Well, lets go over what people look for in balance transfer credit cards and how the discover card goes about appeasing these needs.

1. Introductory Interest Rates: First and foremost, when consumers go looking for a balance transfer credit card, one of the first things that they will be paying attention to is the introductory interest rates. Introductory interest rates also known as promotional interest rates represent the rate of interest that consumers will pay during the introductory or promotional period. Generally, introductory interest rates range between 0% and 3.9%. Also, the introductory period will start the day you open the new balance transfer credit card account and generally last from 6 to 12 months. The Discover Card on the other hand offers a bit more than what consumers are generally used to. As a matter of fact, Discover has released the Discover More Card with 18 months at 0% balance transfer promotion. This low introductory interest rate definitely demands the attention of many consumers!
2. Long Term Interest Rates: The next thing that consumers generally look for when applying for a balance transfer credit card is the long term standard interest rates on the account. This is because consumers know that once the introductory period expires, they will have to pay the standard interest rate. However, standard interest rates on balance transfer credit cards tend to be a bit higher than standard credit cards. This is another thing that The Discover Card does different. As a matter of fact, generally, standard interest rates on Discover balance transfer cards are the same as the interest rates on any other offer provided by discover!
3. Annual Fees: Another aspect of credit cards that people should really pay attention to is the annual fee. Unfortunately, with most balance transfer credit cards, the annual fee will generally be higher than other types of credit cards to offset the cost of the introductory interest rate. However, consumers who choose Discover balance transfer credit cards generally enjoy not having to worry about annual fees at all!
4. Rewards: Finally, when looking for any new credit card, consumers generally like to choose offers that give great rewards. The Discover Card staff not only knows this, they really use it to their advantage. All Discover Cards that offer balance transfers also offer another type of reward. These rewards range from travel rewards to cash back and everything in between!