Top Balance Transfer Credit Cards: Save on Interest Now

Best Balance Transfer Credit Cards

Balance transfer credit cards can be a useful tool if you’re looking to pay off existing credit card debt. They usually offer low or zero interest rates on transferred balances for a certain period, allowing you to save on interest payments. Choosing the right card involves understanding the terms and evaluating your own financial situation.

Citi® Diamond Preferred® Card

Citi’s Diamond Preferred Card is known for its lengthy balance transfer offer. Cardholders get 0% intro APR on balance transfers for 21 months. Note that there’s a balance transfer fee of 5% or $5, whichever is greater. After the introductory period, the variable APR ranges from 16.24% to 26.24%. There’s no annual fee for this card, though.

Chase Slate Edge℠

The Chase Slate Edge℠ card offers a 0% intro APR for 18 months on balance transfers and purchases. A 3% balance transfer fee applies. Post intro APR is between 14.99% and 23.74%. There’s no annual fee. This card may also provide an automatic credit limit increase after six months if you spend at least $500 and make timely payments across your card and loan accounts.

U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card provides 0% intro APR on balance transfers for 20 billing cycles. The ongoing variable APR ranges from 16.24% to 26.24%. Balance transfers incur a fee of either 3% or $5, whichever is greater. The card doesn’t carry an annual fee, making it a cost-effective option.

Discover it® Balance Transfer

Discover it® Balance Transfer offers 0% intro APR on balance transfers for 18 months. After the intro period, the APR rises to a variable rate of 14.24% to 25.24%. This card charges a balance transfer fee of 3% initially, which becomes 5% for subsequent transfers. One of its unique features is the cashback on every purchase, including 5% cashback in rotating categories and 1% on all other purchases. There’s no annual fee, and all the cashback earned in the first year will be matched by Discover.

Wells Fargo Reflect℠ Card

Wells Fargo Reflect℠ Card offers a 0% intro APR on balance transfers for up to 21 months from account opening on qualifying balance transfers. The ongoing variable APR is 17.24% to 29.24%. The balance transfer fee is $5 or 3%, whichever is greater. This card also doesn’t have an annual fee.

BankAmericard® Credit Card

BankAmericard® Credit Card has a 0% intro APR on balance transfers for 18 billing cycles. After that, the variable APR is 15.99% to 25.99%. The balance transfer fee is 3% of the amount or $10, whichever is greater. This card does not have an annual fee, making it one of the more affordable options.

Amex EveryDay® Credit Card

The Amex EveryDay® Credit Card from American Express provides a 0% intro APR on balance transfers for 15 months. Once the intro period ends, the variable APR will be 15.24% to 27.24%. The balance transfer fee is either $5 or 3% of the transferred amount. Notably, this card has no annual fee and offers 2x points at supermarkets on up to $6,000 per year, then 1x points thereafter.

Barclaycard Ring® Mastercard®

Barclaycard Ring® Mastercard® offers 0% intro APR on balance transfers for 15 months. Afterward, the variable APR is 14.24%. This card doesn’t have a balance transfer fee, making it attractive for those seeking cost savings. There’s also no annual fee. However, it lacks rewards programs compared to other cards.

Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne gives you 0% intro APR on balance transfers for 15 months. The regular APR is between 17.99% to 27.99%. A balance transfer fee of 3% applies. This card also offers 1.5% cash back on every purchase. Note there’s a $39 annual fee.

HSBC Gold Mastercard® Credit Card

HSBC Gold Mastercard® has a 0% intro APR on balance transfers for 18 months. The ongoing variable APR ranges from 13.24% to 21.24%. The balance transfer fee is $10 or 4% of the transfer amount, whichever is greater. There is no annual fee for this card. Additionally, the card offers various perks like no foreign transaction fees and late fee waivers once a year.

Citi® Double Cash Card

Citi® Double Cash Card gives 0% intro APR for 18 months on balance transfers. Post promotional period, APR varies between 18.24% and 28.24%. It has a 3% balance transfer fee. This card offers a unique cashback program—1% cash back on purchases and another 1% when you pay for those purchases, effectively making it a 2% cash back card. Moreover, it has no annual fee.

Conclusion

Selecting the right balance transfer credit card can be a crucial step in managing and paying off debt efficiently. Each card comes with its unique terms, so it is essential to read through the fine print and choose one that aligns with your financial goals and repayment capacity.