You can save much money with the right balance transfer credit card. Whether you want to pay off high-interest debt or consolidate your balances onto one low-interest credit card, there are plenty of options out there for you.
Finding the right balance transfer credit card worth your time and effort is critical. We will talk through the 15 best balance transfer credit cards.
What is a Balance Transfer Credit Card?
A balance transfer credit card is a type of credit card that allows you to transfer a balance from another credit card. By doing so, you can reduce the interest rate on your debt, which will save you money in the long run.
There are several benefits to transferring balances onto a new card, including:
- Balance transfers allow you to switch to lower interest rates (as low as 0% APR) while keeping your old account open so that it doesn’t negatively impact your credit score.
- If you have multiple debts with high-interest rates, transferring them at once can help spread out payments and prevent late fees from piling up.
- Some cards offer introductory periods during which no interest is charged on new purchases or those placed within 30 days after opening an account; this temporary perk may help reduce monthly payments until other bills are paid off.
Best Balance Transfer Credit Card
1. Wells Fargo Reflect® Card
The Wells Fargo Reflect® Card has a 0% intro APR on purchases and balance transfers for 12 months, then a variable APR of 15.24% – 25.24%.
It offers 3x points per dollar spent on dining and travel, 2x Points Per Dollar on gas, groceries, and drug stores, and 1 point per dollar everywhere else.
You can redeem points for cash back into your checking account or as a statement credit to help pay down your balance faster. This card is one of the best balance transfer credit cards.
2. U.S. Bank Visa® Platinum Card
If you’re looking for a credit card with no annual fee, the U.S. Bank Visa® Platinum Card is a great choice. It also has many features that make it worthwhile to everyday consumers and could even be right for you if you have good or excellent credit.
In addition to its lack of an annual fee and other perks like 0% intro APR on purchases and balance transfers for 12 months, this card offers some valuable rewards: 1.5% cash back on every purchase plus 2X points per dollar at gas stations and restaurants (for up to $2,000 spent each quarter).
There are also no foreign transaction fees, which means that if you travel internationally often or have family members who do, you won’t end up paying extra for using your card outside the U.S., Canada, or Puerto Rico.
The card also offers Bad Credit Student Loans available from LendKey through Ally Bank and access to 24/7 customer service via phone or chat with agents in the United States. This perk makes this card one of the best balance transfer credit cards.
3. Citi® Double Cash Card
The Citi® Double Cash Card is an excellent option if you’re looking for a card with no annual fee and 0% intro APR on balance transfers. You get to enjoy the 1% cash back on purchases and another 1% when you pay off your purchase.
The Citi® Double Cash Card is also ideal if you want to keep things simple and avoid any fees that might come with some of the other cards listed here.
Citi® Double Cash Card can be used anywhere Mastercard is accepted worldwide, so it will be easy to find places where you can use this card without worrying about being turned away because of its acceptance limitations or anything else, making it one of the best balance transfer credit cards.
4. BankAmericard® Credit Card
This is a top contender if you’re looking for one of the best balance transfer credit cards. The BankAmericard® credit card offers 0% introductory APR for 18 months on both purchases and balance transfers, which can help save you money if you’re planning to pay off debt or make large purchases during that period.
It also doesn’t charge balance transfer fees or foreign transaction fees, two additional reasons to consider making this your go-to card and one of the best balance transfer credit cards.
5. Chase Slate Edge℠
The Chase Slate Edge℠ is an excellent credit card for those looking to transfer a balance from another card. It has no annual fee and doesn’t charge foreign transaction fees when you use it abroad.
The card also comes with 0% intro APR for 15 months on purchases and balance transfers, so if you have a large balance on another card and would like to pay it off over time, this could be the right option.
The Slate Edge offers 1.5% cash back on all purchases (1% when not in the bonus categories) and 5% cash back in rotating bonus categories that change every three months (2% when not in the bonus categories).
You’ll get $150 back after spending $1,000 within three months of account opening.
6. Citi® Diamond Preferred® Card
The Citi® Diamond Preferred® Card has no annual fee and 3% cash back on restaurant travel and dining. It also has 2 points per dollar spent on gas and grocery stores, 1 point per dollar on everything else, and no foreign transaction fees.
The card is suitable for people with good credit or those who want to transfer balances from other cards with high rates. The Citi Diamond card is part of the best balance transfer credit cards.
The card offers rewards that can be redeemed for cash back or gift cards at any time, meaning you don’t have to wait until your next billing cycle to use them, just pay the balance off before you’re charged interest again.
7. Citi Simplicity® Card
The Citi Simplicity® Card is a good choice for people who want to transfer existing credit card debt and don’t want to pay an annual fee.
It comes with a 0% introductory APR for 18 months on purchases and balance transfers, then a variable rate of 14.49% to 24.49%.
If you’re planning to make large purchases or buy something that requires financing, this card could be the right fit.
That’s because it has no annual fee and offers 0% intro APR on balance transfers (for 18 months) and no foreign transaction fees to use your credit abroad or at home. This Citi Simplicity card is part of the best balance transfer credit cards.
8. Chase Freedom Flex℠
The Chase Freedom Flex℠ offers 5% cash back on up to $1,500 combined purchases in bonus categories each quarter you activate and 1% cash back on all other purchases. Cash back rewards never expire.
The card also comes with 0% intro APR for 12 months on purchases and balance transfers, then a variable 17.24%-25.99% APR based on your creditworthiness, which is one of the better offers available today.
There are no annual fees or foreign transaction fees whatsoever on this card. It’s an excellent fit for anyone looking for an easy-to-use balance transfer credit card without any annoying fees or annual charges, making this card one of the best balance transfer credit cards.
9. Citi Rewards+® Card
This card offers 1.5% cash back on all purchases, with no category restrictions. You can also earn a bonus of 5% cash back in rotating categories (such as gas stations, grocery stores, and wholesale clubs) up to the first $2,500 in combined purchases each quarter you activate it.
If you activate this feature every three months (and we hope you do), you’ll earn 10% cash back across two categories and 1.5% cash back on everything else you buy during those periods.
The Citi Rewards+® Card also comes with 2x points at grocery stores and wholesale clubs (on up to $6K per year in spend), so it works nicely as a general rewards credit card for people who are looking for more than one type of reward redemption option and don’t want to worry about which category has what promotion going on each month or quarter.
10. Navy Federal Credit Union Platinum Credit Card
The Navy Federal Credit Union Platinum Credit Card is a good choice for people who have good credit and want a low-interest rate. The card has a $0 annual fee, making it ideal if you don’t plan to carry a monthly balance.
It also offers a 12-month introductory APR of 0% on balance transfers, giving you more time to pay off your debt before interest kicks in. This card is one of the best balance transfer credit cards.
11. HSBC Gold Credit Card
The HSBC Gold Credit Card is a great way to earn rewards while paying down your balance. The card offers 5% cash back on gas, groceries, and utility purchases (up to $15,000 in combined spending per year).
This card has no annual fee or foreign transaction fees. The card also comes with 0% intro APR for 12 months on balance transfers and purchases (16.24%, 21.24%, or 24.99%).
If you’re looking for a card that can do double duty as a balance transfer and rewards credit card, the HSBC Gold Credit Card might be what you need. This card is one of the best balance transfer credit cards.
12. Frontier Airlines World Mastercard
This card offers a $100 discount on your first checked bag when you use it to pay for your ticket. You can also earn 2 miles per dollar spent on Frontier Airlines purchases, 1 mile per dollar spent elsewhere, and 10% off inflight purchases of food and drinks.
There are no annual or foreign transaction fees. The introductory APR is 0% on Purchases and Balance Transfers for 12 billing cycles. Then the variable APR of 16.74%, 21.69%, or 25.74%, based on your creditworthiness, after that period expires (which means you’ll have to pay interest until you pay off your balance).
13. SunTrust Prime Rewards Credit Card
The SunTrust Prime Rewards Credit Card is a good option for people with good credit who want a card that rewards them for spending money on gas, groceries, and utilities.
It has a $0 annual fee, which is a big plus. The card offers 2% cash back rewards on all spending categories (up to $2,500 per quarter) and 1% on everything else.
If you can pay off your balance in full every month and reap the benefits of those rewards rates, this could be an excellent choice, as it is one of the best balance transfer credit cards.
14. Discover it® Balance Transfer Card
At Discover, we believe that you shouldn’t have to sacrifice to get more out of life. That’s why we offer a full range of credit cards that let you earn cash back with no annual fee.
The Discover it® Balance Transfer Card is one of those cards – and it offers an introductory offer where you can get 0% intro APR on balance transfers and purchases for 12 months.
Earn 5% cash back in rotating quarter categories like gas stations or grocery stores; 1% unlimited on all other purchases. Cash Back Match: Earn double cash back at the end of your first year up to $25K in combined category/cash back rewards; this card has no annual fee making it one of the best balance transfer credit cards.
15. Wells Fargo Active Cash℠ Card
The Wells Fargo Active Cash℠ Card is a good option for those looking to transfer a balance with no annual fee. It offers 0% intro APR on purchases and balance transfers for 12 months, and then the ongoing APR of 17.99% – 26.99% Variable APR.
There are no foreign transaction fees, so you can use them abroad without paying extra fees on your credit card debt. Making it one of the best balance transfer credit cards.
With this card, you get 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate; 2% cash back on up to $1,500 in combined purchases each quarter; 1% cash back on all other purchases and there are no limits or restrictions when using your card anywhere else around the world.
Final Wrap Up
We hope you’ve found this list to be helpful. It can be overwhelming to choose from so many different credit cards, but we think these 15 are some of the best options.
Here’s a summary of several balance transfer credit cards available in the credit card industry. The best of them include:
- Wells Fargo Reflect® Card
- U.S. Bank Visa® Platinum Card
- Citi® Double Cash Card
- BankAmericard® credit card
- Chase Slate Edge℠
- Citi® Diamond Preferred® Card
- Citi Simplicity® Card
- Chase Freedom Flex℠
- Citi Rewards+® Card
- Navy Federal Credit Union Platinum Credit Card
- HSBC Gold Credit Card
- Frontier Airlines World Mastercard
- SunTrust Prime Rewards Credit Card
- Discover it® Balance Transfer Card
- Wells Fargo Active Cash℠ Card
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