Ad Disclosure

Balance Transfer Credit Cards

If you’re carrying a lot of credit card debt and have good or excellent credit, you can lower your monthly interest payments by transferring your remaining balance to one of the following balance transfer credit cards, which offer low introductory interest rates (sometimes as low as zero percent). This low interest period not only reduces the cost of your debt, but also enables you to apply a bigger portion of your monthly payments toward principal reduction instead of interest charges, thus getting you out of credit card debt faster.

When deciding between balance transfer credit card offers (certain offers are…show more

    4 1,106 reviews

    Citi Simplicity® Card


    citi simplicity credit card
    • 0% Purchases 21 months
    • 0% Transfers 21 months3% (min $5) Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    • Annual Fee $0*
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
    • No late fees - EVER.
    • No penalty rate - EVER.
    • No annual fee - EVER.
    • Save time when you call with fast, personal help, 24 hours a day.
    • See More Details & Reviews About The Citi Simplicity® Card
    3.5 526 reviews

    Citi® Double Cash Card


    citi double cash card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% (min $5) Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    • Annual Fee $0*
    • Rewards Rate 1 - 2% Cash Back
    • Rewards Bonus None
    • Minimum Credit Excellent
    • Rewards Details
    • The only card that earns you cash back TWICE on every purchase with:
    • 1% cash back when you buy
    • Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
    • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
    • Additional Info
    • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, based on your creditworthiness
    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
    • No Annual Fee
    • See More Details & Reviews About The Citi® Double Cash Card
    3.5 2,675 reviews

    Capital One® Quicksilver® Cash Rewards Credit Card


    capital one quicksilver
    • 0% Purchases until May 2016
    • 0% Transfers until May 20163% Transfer Fee
    • Regular Rate 12.9% - 22.9% (V)
    • Annual Fee None
    • Rewards Rate 1.5% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Good
    • Rewards Details
    • One-time $100 cash bonus after you spend $500 on purchases within the first 3 months
    • Earn unlimited 1.5% cash back on every purchase, every day
    • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
    • Get a 20% Statement Credit on Uber rides purchased with this card through April 2016
    • Additional Info
    • 0% intro APR on purchases until May 2016; 12.9%-22.9% variable APR after that
    • Balance transfers also have a 0% intro APR until May 2016, a 3% fee applies to each balance transferred
    • Pay no annual fee or foreign transaction fees
    • Capital One® Credit Tracker - a free way to easily monitor your monthly credit score anytime, anywhere
    • See More Details & Reviews About The Capital One® Quicksilver® Cash Rewards Credit Card
    3.5 1,523 reviews

    Chase Slate®


    chase slate
    • 0% Purchases 15 months
    • 0% Transfers 15 monthsNo Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    • Annual Fee None
    • Rewards Rate None
    • Minimum Credit Good
    • Rewards Details
    • Additional Info
    • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
    • $0 Introductory balance transfer fee for transfers made during the first 60 days
    • 0% Introductory APR for 15 months on purchases and balance transfers
    • NEW Free Monthly FICO® Score and Credit Dashboard
    • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
    • $0 Annual Fee
    • See More Details & Reviews About The Chase Slate®
    3.5 1,156 reviews

    Blue Cash Everyday® Card from American Express


    american express blue
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99%-21.99%
    • Annual Fee None
    • Rewards Rate 1 - 3% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Excellent
    • Rewards Details
    • Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
    • Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply
    • With the Blue Cash Everyday® Card, you can start earning cash back. No rotating reward categories. No enrollment required
    • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases
    • Terms and restrictions apply.
    • Additional Info
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
    • See More Details & Reviews About The Blue Cash Everyday® Card from American Express
    4 1,856 reviews

    Chase Freedom®


    chase freedom
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% (min $5) Transfer Fee
    • Regular Rate 13.99% - 22.99% (V)
    • Annual Fee None
    • Rewards Rate 1 - 5% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Excellent
    • Rewards Details
    • Named a Best Card for Cash Back by MONEY® Magazine
    • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
    • Unlimited 1% Cash Back on every purchase
    • 5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter
    • You’ll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It’s free and easy to activate your bonus each quarter!
    • Additional Info
    • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
    • No annual fee and rewards never expire as long as your account is open
    • See More Details & Reviews About The Chase Freedom®
    3.5 2,159 reviews

    Capital One® QuicksilverOne® Cash Rewards Credit Card


    quicksilverone rewards
    • 0% Purchases until May 2016
    • 0% Transfers until May 2016No Transfer Fee
    • Regular Rate 22.9% (V)
    • Annual Fee $39
    • Rewards Rate 1.5% Cash Back
    • Rewards Bonus None
    • Minimum Credit Limited History
    • Rewards Details
    • Earn unlimited 1.5% cash back on every purchase, every day
    • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
    • Get a 20% Statement Credit on Uber rides purchased with this card through April 2016
    • Additional Info
    • 0% intro APR on purchases until May 2016; 22.9% variable APR after that
    • Balance transfers also have a 0% intro APR until May 2016
    • Get access to a higher credit line after making your first 5 monthly payments on time
    • Fraud coverage if your card is ever lost or stolen
    • Free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker
    • Travel & Emergency Assistance - Available 24/7 to help connect you with local emergency and assistance resources when you're away from home
    • Extended Warranty - automatically doubles the original manufacturer's/store's warranty on eligible purchases
    • See More Details & Reviews About The Capital One® QuicksilverOne® Cash Rewards Credit Card
    4 989 reviews

    Blue Cash Preferred® from American Express


    american express blue cash preferred
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99%-21.99% (V)
    • Annual Fee $75
    • Rewards Rate 1 - 6% Cash Back
    • Rewards Bonus $150
    • Minimum Credit Excellent
    • Rewards Details
    • Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
    • Earn Cash Back: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 3% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply
    • With the Blue Cash Preferred® Card, you can start earning cash back. No rotating reward categories. No enrollment required
    • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases
    • Terms and limitations apply.
    • Additional Info
    • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
    • See More Details & Reviews About The Blue Cash Preferred® from American Express
    4 315 reviews

    U.S. Bank Visa® Platinum Card


    us bank platinum credit card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 9.99% - 20.99% (V)
    • Annual Fee $0*
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-20.99%*
    • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
    • Zero fraud liability*for unauthorized transactions if your card is ever lost or stolen
    • Fraud Protection detects and notifies you of any unusual card activity to help keep your account safe
    • Chip technology for enhanced card security
    • Online banking and mobile apps* for your smartphone or tablet provide complete, 24/7 access to your account
    • *No annual fee
    • The card is only available to residents in: AZ,AR,CA,CO,ID,IL,IN,IA,KS,KY,MN,MO,MT,NE,NV,ND,OH,OR,SD,TN,UT,WA,WI,WY,NM
    • See More Details & Reviews About The U.S. Bank Visa® Platinum Card
    3.5 138 reviews

    Amex EveryDay® Credit Card from American Express


    amex everyday credit card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99% - 21.99% (V)
    • Annual Fee None
    • Rewards Rate 1 - 2 points / $1
    • Rewards Bonus 10,000 points
    • Minimum Credit Excellent
    • Rewards Details
    • Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months
    • Earn 20% more points: Make 20 or more purchases with your Card in a billing period and get 20% extra points on those purchases less returns and credits. Terms and limitations apply
    • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms and limitations apply
    • You can use Membership Rewards® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking
    • Terms and limitations apply
    • Additional Info
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors
    • See More Details & Reviews About The Amex EveryDay® Credit Card from American Express
    X
    Credit Score
    Excellent Credit 721 – 850
    Good Credit 661 – 720
    Fair Credit 620 – 660
    Bad Credit 300 – 619
    Limited Credit Less than 3 years
    of credit history

    Not sure?
    Try our free credit check. It takes 20
    seconds and doesn't require personal info.

    Free Credit Check
    I Want


     
    Based on your other criteria:
    No cards have a Regular
    Rate below %.
     

    Credit Card Networks


    Fewer Filters
    Balance Transfer Fee?



    Foreign Transaction Fee?



    Smart Chip Technology

    Suggested Credit Card Pages Categories Recently Viewed Credit Cards
    • None
    Ask our Experts

    Expert’s Answers

    What is a balance transfer, and how can I go about doing one?

    By: Odysseas Papadimitriou, CardHub CEOA balance transfer, at its core, is a means of lowering the cost of your debt. In theory, you can transfer the remaining balance on any loan or line of credit to a balance transfer credit card and thereby pay it down while incurring interest at a lower rate. While you can transfer balances to most credit cards, certain cards are branded as being “balance transfer credit cards” because of their low balance transfer rates or lack of balance transfer fees.

    There are essentially two ways in which you can approach a credit card balance transfer. First, you can transfer your debt to a credit card you already have but do not revolve a monthly balance on. Alternatively, you can open a new credit card with the express intent of transferring a balance to it. There are advantages and disadvantages to both courses of action. By transferring your debt to a currently held credit card, the process will be quicker, but you probably won’t get the best balance transfer deal. If you open a new card you’ll be able to compare balance transfer credit card offers from a lot of different issuers but will have to wait for your application to be processed.

    While you’re nailing down the logistics of your credit card balance transfer, it’s worth it to call the credit card company to which you are indebted and say that you plan on doing a balance transfer, unless you are given a significant interest rate reduction. Your rate won’t be reduced to 0%, but even a slight APR reduction will help you save during the time it takes for your 0% transfer to be approved and processed.

    What kind of balances can I transfer to a credit card?

    By: Odysseas Papadimitriou, CardHub CEOIssuers used to be pretty liberal about this, allowing consumers to transfer balances from credit cards, store cards and even certain types of loans. Over the years, however, more and more credit card companies have started only approving balances transferred from Visa, MasterCard, American Express and Discover credit cards. This makes things simpler from an operational standpoint and allows issuers to limit risk, since they have a good sense of the source of the balance being transferred.

    Does it matter which credit card company issues my balance transfer card or which card network it’s on?

    By: Odysseas Papadimitriou, CardHub CEOIn short, not really. The credit card company you get your balance transfer credit card from only matters if there is a particular issuer that allows you to earn rewards on the amount you transfer or transfer debt other than that which originates from a credit card. Some people might also bring up differences in customer service at this point, but besides submitting your application and making monthly payments, you’re not going to have much to do with your credit card company. Better terms would therefore trump better customer service in most cases. When it comes to your balance transfer card’s network (i.e. Visa, MasterCard, Discover or American Express), there’s absolutely no difference from one to the next. Your card’s network simply dictates the number of merchants locations at which you can make purchases, and you should never make purchases with a balance transfer credit card, given that your revolving transferred balance removes your grace period for payments, and interest begins accruing on your charges as soon as you make them.

    How long does a balance transfer take?

    By: Odysseas Papadimitriou, CardHub CEOWhile each issuer has its own policy, balance transfers usually take around 15-25 days from the time you submit a balance transfer credit card application. In the meantime, it is very important that you continue to make payments toward the balance being transferred and that you send these payments to your original creditor. Once the credit card transfer is finalized, you will see a credit listed on your original account (as if a payment was made) and a debit indicated on your balance transfer credit card account. Remember that as soon as your balance gets transferred, interest will begin accumulating, unless you have a 0% transfer card.

    What are the most important balance transfer credit card features to consider?

    By: John Kiernan, Personal Finance EditorHow worthwhile a particular balance transfer card will be depends on four factors: the balance transfer fee, the introductory transfer APR, the length of the introductory period, and the regular interest rate that will apply once the intro terms expire. Before comparing balance transfer credit card offers, we recommend using a credit card payoff calculator to determine approximately how long it will take you to pay off your balance. If you determine that you will be able to become debt free within the zero percent balance transfer introductory periods commonly being offered, then all you have to focus on is the balance transfer fee. The regular interest rate will be inconsequential.

    If, on the other hand, that isn’t possible, the regular rate comes into play and the card with the longest introductory period isn’t necessarily the best balance transfer credit card for you. Instead, you should use a credit card debt calculator to figure out which offer allows you to minimize the combined cost of the balance transfer fee, interest incurred during both the intro period (if it isn’t a 0 percent transfer card) and after the regular rate kick in. It’s important that you not disregard a balance transfer credit card’s regular APR, thinking that even if a balance remains at the conclusion of the intro period, you can simply transfer it to another balance transfer card. Many consumers made this mistake in the lead-up to the Great Recession and incurred costly interest charges when the balance transfer credit card market dried up. Low interest balance transfer credit cards aren’t always available, after all, and while you could be lucky, you shouldn’t count on it.

    Is there such thing as a free balance transfer?

    By: John Kiernan, Personal Finance EditorNot anymore. Free balance transfer credit cards (i.e. cards with 0% balance transfer APRs and no balance transfer fees) were once offered because credit card companies were allowed to revoke the 0% APR and institute an interest rate above 20% after a customer missed a payment by even a single day or went over limit by a few dollars. Banks could therefore afford to offer free balance transfers because the revenues gained from the many consumers who slipped up far outweighed the losses incurred as a result of those people who somehow managed flawless use. Now, with the passage of laws preventing "gotcha" practices, banks tend to offer either no balance transfer fee credit cards or 0% balance transfers, but not both. And if you somehow do manage to find a 0 APR no balance transfer fee offer, the 0% intro term isn’t likely to be competitive.

    When are 0% balance transfer offers available?

    By: Odysseas Papadimitriou, CardHub CEOThe existence of zero interest balance transfer cards depends both on the economy and the timing of your request. In times of fiscal well-being, 0 balance transfer credit cards are typically prevalent because credit card companies can afford to offer such attractive terms in order to lure new customers. On the other hand, during tough times, such offers may be few and far between. For example, during the worst of the Great Recession, it was nearly impossible to find 0% balance transfer credit cards, as most issuers did not want to add indebted customers to their portfolios.

    Additionally, in order to get the advertised introductory rates, credit card companies require that you apply for a balance transfer either at the same time you submit a credit card application or within 30-60 days of doing so. We therefore recommend that you have the amount you want transferred as well as the respective account number handy when you fill out an application for a new balance transfer credit card.

    Should I use a balance transfer credit card to make purchases?

    By: John Kiernan, Personal Finance EditorThe answer to this question is simple: You can make purchases with a balance transfer credit card for as long as it has a 0% interest rate on purchases. If your card does not offer 0% on purchases or this introductory rate has ended, making purchases with it could end up being very expensive. You see, whenever you carry debt on a credit card, there is no grace period for new charges, which means finance charges start getting assessed as soon as you swipe your card. Obviously, a 0% purchase interest rate would protect you from this, but remember that any purchases made with your balance transfer card that are not paid off in full by the time the 0% intro rate ends will begin accruing interest at that time.

    Community Discussion

    Ask a question or help others find the best balance transfer credit cards by sharing some tips.

     
    Aug 27, 2015
    By:
    I wanted to transfer all of my smaller credit card balances onto one card, mainly because I thought it would be easier to manage and pay off if they were consolidated into one payment. I went with Chase Freedom, and the deciding factor for me was the 0% rate on transfers. It was an easy choice because I have had other Chase credit cards in the past, and I have never had any issues with them. Now, I just make one payment a month. I am seeing my balance dwindle for the first time in a long time, and the 0% rate is absolutely making a huge difference for me!
    Aug 23, 2015
    By:
    When deciding if a balance transfer card is right for you, there is really just one major consideration. Forget about introductory rates, unless all of your transferred debt can be paid before the period ends. Otherwise, what will the rates revert to when the introductory period is over? Are you saving a little bit now, to have to pay more later? The use of a balance transfer card, like any other credit card can be highly beneficial to you, as long as you know what to expect and when to expect it.
    Aug 22, 2015
    By:
    I knew that I would need to get a balance transfer card to help pay off some of the more shady cards I had in college. I went with Chase Freedom for a few different reasons. First I already had a good relationship with Chase because I used them for my primary checking account. Second I liked their cash back feature. Using their 0% transfers for 15 months and a strict schedule allowed me to get rid of my credit card debt in less than two years.
    Aug 22, 2015
    By:
    Chase Freedom Card is so far the best credit card talking of balance transfer. Semi annually, it has 0% APR. Its balance transfer gives me low interest rate. I love its reward peps. I can easily keep my debt from soaring high because it is so manageable. I also love the customer service they give you. They are so efficient in answering your inquiries regarding any matter related to your credit card. It doesn't worry me every time I purchase anything using it.
    Aug 18, 2015
    By:
    I prefer the Discover Card. There is a 0% interest rate when payments are up to date and there is not service charge. The security is very high and the user can set up limits for how much can be put on the card before a call is made by the company to assure the merchant that the user is the actual owner of the card. They also cover any money lost if, by chance, the card is stolen and used illegally. When a user calls for information or help the response is very quick and accurate.
    Aug 13, 2015
    By:
    Throughout the years, the best way I've found to pay off my debts is to transfer my large balances onto cards that have very low interest rates, typically cards that offer 0% APR on balance transfers for a set number of months. Taking advantage of this has helped me go from paying 100's of dollars of interest a month to being able to pay off my high interest cards with ease.
    Aug 12, 2015
    By:
    The balance transfer feature of the Chase Freedom Card is a wonderful tool to pay down debt accrued on other high interest credit cards. The 0% intro rate on transfers and new purchases can't be beat, and while you generally need a credit score of 720 or above to be approved for the card it is an outstanding way to keep debt low and manageable.
    Jul 19, 2015
    By:
    I have used a balance transfer credit card when I had accrued debt on a credit card and forgotten about it. The interest was starting to be ridiculous, and I was having trouble with payments. I now have a Chase Freedom card that has 0 APR and I don't have to worry about the high interest rate my other card was charging
    Jul 18, 2015
    By:
    I've used a balance transfer credit card in the past to help manage debt between one card that had a higher interest rate to something more manageable. The process was fairly easy and it did help me move debt creatively and minimize my credit card debt overall. I do think you have to do your homework and research prior to using any credit card for this type of purchase.
    Jun 26, 2015
    By:
    The best balance transfer credit card was the Chase Freedom Card. It offered me very low rates for balance transfer and 0% apr within the first 6 months. The card also has an amazing reward program with up to 5% cash back on purchases in some places and at least 1% on every purchase. I believe the balance transfer rate now is 0% apr for up to 12 months. It is a great card in my opinion with many good perks.
    Jun 26, 2015
    By:
    Balance transfers work well if you are able to get approved for a card with a lower APR than your current card. There may be a fee associated with the transfer but in the long run it will pay off. It is essentially refinancing the balance on your current card to gain a lower interest rate so more of the principle can be paid more quickly. If this is an option, depending on your credit, I would recommend using the balance transfer option.
    Jun 26, 2015
    By:
    I started paying down my debt by getting cards with a 0% APR on balance transfers for 12-18 months and then transferring over balances from cards and other sources that charged higher interest rates. By doing this I was able to avoid paying interest fees monthly which allowed me to devote more of my payments towards principle. In addition to this, I got the Capital One Quicksilver One card which gives back 1.5% cash back on all purchases, I use this card to pay my monthly bills, paying off the balance each month, and then I can cash out my cash back balance towards the balance of my card and owe less than what I purchased.
    Jun 17, 2015
    By:
    From my own experience, the most optimal way in using balance transfer cards is transferring a balance from a card that has a high APR and high balance onto the card. The best case scenario would be that you're transferring the card to a balance transfer card with a 0% APR offer going on, giving you lots of time extra to pay it down and avoid interest for a few months.
    Jun 14, 2015
    By:
    I think it really depends on what you are looking for on a card. The Citi Simplicity Card offers 0% on purchases and 0% on transfers for 21 months which is incredible. If you're mainly concerned with rewards points, the Chase Freedom and American Express cards are the winners. Personally, I believe in paying my credit card down to zero every month. This way I never extend myself too far on purchases that I don't necessarily need. Also, by practicing this method, I am never concerned with what the APR on the card is. What's most important to me is a card with no annual fee and a good rewards system.
    Jun 13, 2015
    By:
    I see only two clearly superior cards here worth considering. If you are transferring a balance and know you'll be able to pay it off within a few months, check out the Capital One® QuicksilverOne® Cash Rewards Credit Card. This card has no transfer fee, no interest until March 2016, and it has 1.5% cashback. Kind of the best of all worlds. If you need longer to pay off the balance, try the Chase Slate®. The Chase Slate® also has no transfer fee but 0% interest lasts much longer. Also, the APR is potentially lower, but there's no cash back.
    Page: 1 · 2 · 3 · 4
    Credit Cards Prepaid Cards Gift Cards Tools