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Best Balance Transfer Credit Cards

Last update: Nov 19, 2014

best credit card deals The best balance transfer credit cards are those that have the longest introductory periods and/or the lowest balance transfer fees. Most balance transfer offers do not provide both, however, so the products listed below (some of which originate from CardHub advertising partners) are those that our editors identified as striking the best combination of long 0% intro periods and low or no balance transfer fees. No matter the card you eventually choose, we strongly recommend that you plan to pay off your balance in full before the intro period concludes because interest rates usually spike once this occurs.

Excellent Credit Best Balance Transfer Credit Cards for Excellent Credit
Chase Slate®

slate credit card Apply Now

  • Transfer Intro APR: 0% for 15 months
    • Transfer Fee: None
  • Regular APR: 12.99% - 22.99% (V)
  • Annual Fee: $0
  • Rewards: None
  • Editor's Notes: The Slate Card is what's known as a free balance transfer credit card, as it offers a 0% introductory rate and charges neither a balance transfer fee more
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Citi® Diamond Preferred® Card

citi diamond preferred card visa Apply Now

  • Transfer Intro APR: 0% for 18 months
    • Transfer Fee: 3% (min $5)
  • Regular APR: 11.99% - 21.99% (V)
  • Annual Fee: $0*
  • Rewards: None
  • Editor's Notes: The Citi Diamond Preferred Card offers the longest 0% introductory term on the credit card market, at 18 months. While the 0% rate applies to balancemore
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Santander Bank Sphere Credit Card

sovereign bank visa signature card Apply Now

  • Transfer Intro APR: 0% for 24 months
    • Transfer Fee: 4%
  • Regular APR: 12.99% - 24.99% (V)
  • Annual Fee: None
  • Rewards: Points
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Capital One® Platinum Prestige Credit Card

capital one platinum prestige credit card Apply Now

  • Transfer Intro APR: 0% until March 2016
    • Transfer Fee: 3%
  • Regular APR: 10.9% - 18.9% (V)
  • Annual Fee: None
  • Rewards: None
  • Editor's Notes: The Capital One Platinum Prestige Card offers straightforward value to consumers who have good credit standing and wish to minimize the cost of big-timore
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Good Credit Best Balance Transfer Credit Cards for Good Credit
Capital One® Platinum Prestige Credit Card

capital one platinum prestige credit card Apply Now

  • Transfer Intro APR: 0% until March 2016
    • Transfer Fee: 3%
  • Regular APR: 10.9% - 18.9% (V)
  • Annual Fee: None
  • Rewards: None
  • Editor's Notes: The Capital One Platinum Prestige Card offers straightforward value to consumers who have good credit standing and wish to minimize the cost of big-timore
  • Learn More »
 
Chase Slate®

slate credit card Apply Now

  • Transfer Intro APR: 0% for 15 months
    • Transfer Fee: None
  • Regular APR: 12.99% - 22.99% (V)
  • Annual Fee: $0
  • Rewards: None
  • Editor's Notes: The Slate Card is what's known as a free balance transfer credit card, as it offers a 0% introductory rate and charges neither a balance transfer fee more
  • Learn More »
Fair Credit Best Balance Transfer Credit Cards for Fair Credit

Unfortunately, there are no balance transfer credit cards for people with fair credit. Below is the best credit card for people with fair credit.

Capital One® Platinum Credit Card

capital one standard platinum Apply Now

  • Transfer Intro APR: N/A
    • Transfer Fee: None
  • Regular APR: 24.9% (V)
  • Annual Fee: $0 for 1st yr, $19 after
  • Rewards: None
  • Editor's Notes: Given that it does not charge an annual fee during the first year, the Capital One Platinum Credit Card can serve as a viable low-cost credit buildingmore
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Limited History Best Balance Transfer Credit Cards for Limited History
College Students

Unfortunately, there are no balance transfer credit cards for people with limited credit. Below is the best credit card for people with limited credit.

JourneySM Student Rewards from Capital One®

capital one student rewards credit card Apply Now

  • Transfer Intro APR: N/A
    • Transfer Fee: None
  • Regular APR: 19.8% (V)
  • Annual Fee: None
  • Rewards: Cash Back
  • Editor's Notes: Not only does the Capital One Journey Student Rewards Card offer straightforward, lucrative rewards without charging an annual fee, it also promotes gmore
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Non-College Students

Unfortunately, there are no balance transfer credit cards for people with limited credit. Below is the best credit card for people with limited credit.

Capital One® Platinum Credit Card

capital one standard platinum Apply Now

  • Transfer Intro APR: N/A
    • Transfer Fee: None
  • Regular APR: 24.9% (V)
  • Annual Fee: $0 for 1st yr, $19 after
  • Rewards: None
  • Editor's Notes: Given that it does not charge an annual fee during the first year, the Capital One Platinum Credit Card can serve as a viable low-cost credit buildingmore
  • Learn More »
Bad Credit Best Balance Transfer Credit Cards for Bad Credit
Secured Card

Unfortunately, there are no balance transfer credit cards for people with bad credit. Below is the best secured credit card for people with bad credit.

Capital One® Secured Mastercard®

capital one secured credit card Apply Now

  • Min Deposit: $49, $99, or $200
  • Annual Fee: $29
  • Monthly Fee: None
  • One-time Setup Fees: None
  • Regular APR: 22.9% (V)
  • Editor's Notes: While the Capital One Secured MasterCard charges a higher annual fee than certain other cards in its class, the fact that it can be a partially-securemore
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Unsecured Card

Unfortunately, there are no balance transfer credit cards for people with bad credit. Below is the best unsecured credit card for people with bad credit.

Credit One Bank® Credit Card with Gas Rewards

credit one credit card Apply Now

  • Annual Fee: $35 - $99
  • Monthly Fee: None
  • One-time Setup Fees: None
  • Regular APR: 17.90% - 23.90% (V)*
  • Learn More »
About our Editor's Picks

Our editors' recommendations for the Best Balance Transfer Credit Cards are a reflection of their own subjective opinions, and they should not be relied upon as the sole basis for choosing your credit card. We work hard to present you with the most accurate credit card information, however, the credit card terms and conditions do not originate from us and thus we do not guarantee the accuracy of the information. Before applying for a credit card we recommend that you verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences.

Ad Disclosure: Certain offers originate from paying advertisers, and this will be noted on a card's details page using the designation "Sponsored Card", where applicable. Advertising status does not affect which cards show up on this page but may impact the order in which they appear. At CardHub we try to list as many credit card offers as possible and currently have more than 1,200 offers, but we do not make any representation of listing all available offers.

Ask our Experts
EXPERT’S ANSWERS

What is the Best Balance Transfer Credit Card for me?

By: Odysseas Papadimitriou, CardHub CEOIn short, the best balance transfer credit card is the one that will save you the most money. Therefore in answering this question, you must consider how your current interest costs compare to the combined cost of the balance transfer credit card's APR and balance transfer fee. It's always tempting to simply apply for the balance transfer credit card with the longest introductory period. However, applying for a card and getting declined might hurt your credit score and therefore reduce your chances for approval when you try again, so make sure to apply for a balance transfer card geared toward people of your credit standing.

How large of a balance can I transfer?

By: Ross GarnerThe rule of thumb is that you should be able to transfer a balance equal to your largest credit line. For example, if you have three credit cards, one with a $3,000 credit line and two with $1,500 credit lines, you shouldn't count on getting approved for a balance transfer too much higher than $3,000.

For what types of debt can I use a balance transfer credit card?

By: Liana ArnoldMost people think that a balance transfer only works between two different credit cards. However, you can transfer any kind of debt to a balance transfer credit card as long as this debt is tied to a numbered account at a financial institution. Therefore, the best balance transfer is that which will lower your interest costs the most, whether these costs derive from an auto loan, a student loan, another credit card, etc.
COMMUNITY DISCUSSION

Help others find the best credit card by sharing what your deciding factor was when choosing your card (customer service, interest rate, fees, convenience, rewards, etc.)

 
November 19, 2014
Photo of Liam A.
By:
I transferred a balance to the Citi Diamond Preferred card a few months ago and it was one of the best decisions I've ever made. The 0% intro APR for 18 months gave me plenty of time to pay down the balance with no interest -- and I was able to make a huge dent in my debt. Also, there's no annual fee, so don't have to worry about a recurring charge. The only drawback is the card does not offer rewards, but being that I'm trying to pay down my debt, that wasn't a big deal. This card is highly recommended!
October 21, 2014
Photo of Courtney I.
By:
I transferred my high balance from another credit card to the Capital One® Platinum Credit Card. On my previous card, I was paying a 19% interest rate. Knowing that I was spending a fortune in fees and wanting to get my $4000 balance paid off as quickly as possible, I transferred all of the charges, knowing there would be only a 3% transfer fee on that charge. Additionally, I can take up to 18 months to pay off this credit card without worrying about interest all of that time.
October 18, 2014
Photo of Dahlia L.
By:
I have used the Capital One Platinum Prestige card. You get 0% APR for balance transfers until December 2015 so you have more than a year if you get it now. There is a 3% transfer fee which is a downside but the regular APR can be as low as 10.9% which is pretty good. There is also no annual fee which is a must for credit cards nowadays.
October 13, 2014
Photo of John E.
By:
I transferred the balance from two smaller cards, both were store cards, to my USAA mastercard because as time went on, I kept feeling like these two smaller ones were nickel-and-diming me to death. Anyway, I transferred about $600 knowing there would be about a 3% or 4% (don't remember what it was anymore) in order to clean up my finances a little bit. I had over a year to pay this off on my USAA card, and there were no interest charges for the transfers, provided the balance was paid off in 18 months.
October 12, 2014
Photo of Veronica M.
By:
The best balance transfer credit card would have to be the Chase Slate card. They give you an intro transfer APR of 0% for 15 months. This is the longest I’ve seen for a card so far. There is also no transfer fee unlike some other cards in the market. The regular APR is a little higher but still similar to other cards.
October 1, 2014
Photo of John R.
By:
I've used the Chase Slate card to transfer a high balance and it was fantastic. My credit is average, and I didn't have a problem applying for the card. I had about 1200 dollars in credit card debt that was accruing 23 or 24 percent APR that I was able to put onto the Chase Slate, and was able to do so with their ZERO fee introductory rate. They also offered a 15-month ZERO APR on transfers. I was able to pay down that previous debt within the 15 months, and saved myself a ton of money. Now that the balance is paid, they send me letters to make more more
September 18, 2014
Photo of Carol K.
By:
Citi Thank You Reward is the credit card I used to transfer my balance from another account. They had the longest duration of 0% APR. And once because I was traveling, I had made my payment late (I'm talking hours late, time difference). I was worried about my 0% APR so I "spoke" or chatted with one of their customer service and was told that it is OK and I don't have to worry about losing my 0% APR. Because of the great customer service (rarity), I plan to keep this account open when I am done paying off my debt and perhaps use it as my main credit card more
September 9, 2014
Photo of Elias C.
By:
USAA World Mastercard is a superior credit card when it comes to balance transfers. With a 0% APR for 12 months it helps cut down on interest payments. The best feature of this card though is that after 12 months the interest is only 9.99%!
July 21, 2014
Photo of Stan M.
By:
The Santander Bank Sphere Credit Card is the best credit card to have above if you are interested in doing a balance transfer. Despite the fact that the card has a 3% balance transfer fee, it provides 24 months with 0% interest on balance transfer. A really good offer considering the other credit cards only offer about 15 to 18 months.
July 12, 2014
Photo of Amanda T.
By:
The Chase Slate card is the best thing I could have done for myself when I needed to transfer a balance from a 22.99% APR card. It helped me pay the credit balance I had off for no fees, as opposed to being charged $70/month in interest on my other card. I'm still paying the balance down (within the 15 month time frame still), but I plan on keeping this line of credit open when the balance is paid.
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