Best Balance Transfer Credit Cards – If you want to transfer your existing balance to a new credit card with a 0% introductory APR period, the best balance transfer credit cards are what you need.
Currently, the top 0% balance transfer and spending cards offer both a specialist 0% balance transfer as well as 0% spending cards which gives other cards a high competition, because it offers up to 27 months 0% on both.
Why do you need a balance transfer credit card?
A balance transfer credit card will help you pay off debt by transferring your existing balance to a new credit card with 0% introductory APR period.
Some best balance credit cards, have balance transfers up to nearly two years, which saves you hundreds when it comes to interest payments.
Let’s check out some of the best balance transfer credit cards we have hand-picked to help you make an informed decision.
Best Overall Balance Transfer Value Credit Card – Discover it® Balance Transfer
This card, is an ideal choice for balance transfer value for anyone who is looking to consolidate their debt while maximizing their ability to earn rewards with rotating bonus category purchases. Discover it® Balance has one of the longest intro period transfers.
Recommended Credit Score
670-850 (Good – Excellent)
What Fees Apply?
Annual Fee – $0
Purchase Intro APR – 0% for 6 months
Balance Transfer Intro APR – 0% for 18 months
Regular APR – 13.49% – 24.49% variable.
Welcome Offer
All the cash back you’ve earned at the end of your first year is automatically matched by Discover.
No signing up
No caps to how much is matched.
Rewards Rate
Cardholders earn and enjoy 5% cash back on everyday purchases at various places each quarter, such as, grocery stores, restaurants, gas stations, select rideshares as well as online shopping, up to the quarterly maximum once you activate.
Earn also unlimited 1% cash back on all other purchases instantly.
You can redeem cash back at any amount, any time. Note, the rewards don’t get to expire.
Best no Penalty APR Balance Transfer Credit Card – BankAmericard® Credit Card
For those who are looking to pay down their debt and at the same time need a high balance transfer limit, the BankAmericard credit card is a good option. It is a card with no penalty APR, which implies your interest rate won’t instantly shoot up if your bill is paid late.
Recommended Credit Score
670-850 (Good-Excellent)
What Fees Apply?
Annual Fee – $0
Purchase Intro APR – 0% introductory APR on purchases for 18 billing cycles
Balance Transfer Intro APR – 0% intro APR for 18 billing cycles for any balance transfers made in the first 60 days.
Regular APR – 14.49% – 24.49% Variable APR on purchases and balance transfers.
Welcome Offer
N/A
Rewards Rate
N/A
Best Balance Transfer Credit Card for Good Credit – Citi® Diamond Preferred® Card
With 21-month 0% introductory balance transfer offer, the Citi® Diamond Preferred® Card, has one of the longest available introductory balance transfer offer. It also offers a regular APR range which user’s with good or excellent credit who wish to keep their card for a long term can find beneficial.
Recommended Credit Score
670-850 (Good-Excellent)
What Fees Apply?
Annual Fee – $0
Purchase Intro APR – 0% for 12 months on purchases
Balance Transfer Intro APR – 0% for 21 months on Balance Transfers
Regular APR – 14.74% – 24.74% (Variable).
Welcome Offer
N/A
Rewards Rate
N/A.
Best for Personal Finance Management Balance Transfer Credit Card – Wells Fargo Platinum Card
The Wells Fargo Platinum Card is a handy card tool that can help you pay down debt, because it comes with an introductory 0% APR for 18 months on qualifying balance transfers. This Wells Fargo card, also offers financial management tools, like My Money Map budget and spending-management system, along with free access to your FICO® Score.
Recommended Credit Score
670-850 (Good-Excellent)
What Fees Apply?
Annual Fee – $0
Purchase Intro APR – 0% for 18 months
Balance Transfer Intro APR – 0% for 18 months on qualifying balance transfers
Regular APR – 16.49%-25.99% (Variable).
Welcome Offer
N/A
Rewards Rate
N/A.
What’s Good?
Receive up to $600 protection on all your cell phone (subject to $25 deductible). This is against covered damage or theft when you pay your monthly cellular telephone bill using your Wells Fargo Platinum Card.
Best Balance Transfer Credit Card for Longest 0% Introductory APR Period and no Late Fees – Citi Simplicity® Card
The Citi Simplicity® Card is a straightforward, card with a lengthy 21-month 0% intro balance transfer offer. It is a great card for those looking for a no-frills avenue to consolidate and pay off their debt.
Recommended Credit Score
670-850 (Good-Excellent)
What Fees Apply?
Annual Fee – $0
Purchase Intro APR – 0% for 12 months on purchases.
Balance Transfer Intro APR – 0% for 21 months on Balance Transfers
Regular APR – 15.74% – 25.74% (Variable)
Welcome Offer
N/A
Rewards Rate
N/A.
There you have our top five picks of best balance transfer credit cards to help you make an informed decision and gain more from your choice.