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Best Balance Transfer Credit Cards of 2017

Jennifer Blocker
Updated on: 11/09/2017

If you are carrying a balance on a high interest credit card, consider making a balance transfer. You can use a new card to save money on interest and consolidate your debt. In addition, if you have good or excellent credit, you could be eligible for some of the best balance transfer credit cards, which also offer rewards and a sign-up bonus.

If you are carrying $5,000 of credit card debt across several cards at an average interest rate of 15 percent, you can easily save $750 in interest fees for the year with a new card. Top that off with a $150 sign-up bonus and boom, that’s $900 in your pocket for the year. And if you get a card with a longer promotional interest period, like 21 months, you could almost double your savings.

When you pay less interest, more money is going straight to the bottom line, which will help you pay off your debt faster. Don’t let your debt hold you back. Get ahead of it with a balance transfer to a new credit card.

6 Top Rated Balance Transfer Credit Cards

The best cards for balance transfers are good for more than just saving money on interest and consolidating debt. Many of those cards also offer rewards and sign-up bonuses. Rewards are great, but if you are paying interest, it can easily negate the value of your rewards.

Since the Credit Card Act of 2009, it is now possible to avoid interest on new purchases even if your card does not give you a promotional interest-free period. With this development, it is no longer necessary to use an additional card to avoid interest payments on new purchases.

Many of the top credit cards that offer an interest-free promotion on balance transfers allow you to earn rewards as well. They can be the best of both worlds.

Quicksilver® Cash Rewards Credit Card
How to Apply

To apply for this offer please contact
Capital One®

Intro APR on Purchases
0% introductory APR for the first 9 months that your account is open
Intro APR on Balance Transfers
0% introductory APR for the first 9 months that your account is open
Regular APR
13.99% to 23.99% Variable±
Annual Fee
$0
Rewards Program
Capital One® Cash Back Rewards
Bonuses & Rewards
  • %1.5% on Travel, Dining and Car Rental
  • %1.5% on Gas
  • %1.5% on Hotels
  • %1.5% on All Other Purchases
  • $100 bonus once you spend $500 on purchases within the first 3 months
  • No Foreign Transaction Fee

Travel Benefits

Travel Upgrades and Savings:

With your access to the Luxury Hotels & Resorts program, you can enjoy complimentary room upgrades, early check in and late checkout, subject to availability.

Travel Protection:

Get reimbursed up to $1,500 per trip for non-refundable travel costs if your trip is canceled or ends early.

Wi-Fi:

Only A-List Preferred status members get inflight Wi-Fi at no charge.

Why should you get this card?

  • Great Earning Potential: For every purchase you make you’ll earn 1.5% cash back. It doesn’t get any easier than that!
  • Hassle-Free Redemptions: You can redeem your cashback at any time with no minimums! You’ll either get a statement credit or a check in the mail—whatever works for you.
  • Great Sign-Up Bonus: This card comes with a sign-up bonus of $0 after spending only $500 within the first 3 months. After a few cell phone payments and trips to the grocery store, you’ll have a cool $100 very quickly!
  • No Annual Fee: No matter how you use your card, you won’t pay an annual fee. You don’t have to worry about paying a hefty annual fee and all the rewards are all yours.

Our Expert's Conclusion

Capital One’s Quicksilver card is a great card for earning cash back. If you want to simplify your wallet and you value cash more than miles and points, this is the card for you. Since you can earn 1.5 percent back on every single purchase you make and never pay an annual fee, you can earn some serious cash on everyday purchases, big ticket items, all types of travel or whatever else you choose.

Again, since this card has no annual fee, there’s little downside to the Quicksilver credit card. Yet, it still comes with the elevated MasterCard World Elite protections. As far as travel cards go, this is not a premium card that helps earn status, free checked bags or lounge access, but if you’re an occasional traveler or prefer to fly economy, this card is still a good bet. The cashback you earn can be used toward travel or any other purchase you make. Flexibility makes this a great card.

  • Earn a one-time bonus of $100 once you spend $500 on purchases within the first 3 months.
  • Earn unlimited 1.5% cash back on every purchase.
  • Rewards don't expire, and you can redeem your cash back for any amount, anytime.
  • No foreign transaction fees.
  • Fraud coverage.
  • Security Alerts.
  • Extended warranty.
  • Complimentary concierge service.
  • Identity Theft resolution services.
  • Travel upgrades and savings.
  • Travel protection.
  • Price protection.
Barclaycard CashForward™ World Mastercard®
How to Apply

To apply for this offer please contact
Barclaycard

Intro APR on Purchases
0% introductory APR for the first fifteen billing cycles after the account is opened
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
15.99% to 25.99% Variable±
Annual Fee
$0
Rewards Program
Barclaycard CashForward™ Rewards
Bonuses & Rewards
  • %1.5% on Travel, Dining and Car Rental
  • %1.5% on Gas
  • %1.5% on Hotels
  • %1.5% on All Other Purchases
  • $200 cash rewards bonus after you spend $1,000 in the first 90 days
    • 5% cash rewards redemption bonus to use toward your next redemption
  • 3% of each transaction in U.S. dollars

Travel Benefits

Foreign Transaction Fee:

3% of each transaction in U.S. dollars.

Why should you get this card?

  • Great Earning Potential: Every purchase you make generates a 1.5% return at any merchant or service provider. Not that many no-fee cards can beat that earning on all transactions.
  • Sign-Up Bonus: Spending just $1,000 on this card in the first 3 days of account opening will earn you a $0bonus, which is excellent for a no-fee card. Most other cards with this earning potential offer a smaller bonus or no bonus at all.
  • No Annual Fee: Holding a card long term increases the average age of your accounts, and not paying for a card makes it easy to keep. Not to mention, earning cashback rewards doesn’t cost a dime.
  • Double Points: Redemptions start at $50 and can be applied toward a statement credit, gift cards or a deposit into a checking or savings bank account.

Our Expert's Conclusion

The Barclaycard CashForward World MasterCard is a solid option for someone who’s not too invested in travel rewards and is looking for a no-fuss cashback credit card. You’ll earn $200 just for spending $1,000 in the first 90 days and continue to earn 1.5 points on all purchases, no matter the purchase category or time of year.

This is also a good option for those who cannot qualify for a Chase card because they’ve opened five or more credit cards in the last 24 months. If you fall into that camp, the competitive Chase Freedom Unlimited card is out of reach.

  • Get a $200 cash rewards bonus after you spend $1,000 in purchases in the first 90 days after account opening.
  • Earn unlimited 1.5% cash rewards on every purchase.
  • Every time you redeem get a 5% cash rewards redemption bonus to use toward your next redemption.
  • Redeem your cash rewards for a deposit into a U.S. checking or savings account, a statement credit or gift cards.
  • Cash rewards do not expire.
  • Free online FICO® Credit Score.
  • Chip card technology.
  • Mastercard travel assistance services.
Diamond Resorts International® MasterCard®
Diamond Resorts International® MasterCard®
How to Apply

To apply for this offer please contact
Barclaycard

Intro APR on Purchases
0% promotional APR for six billing cycles from the transaction date on all "Qualifying Diamond Resorts International® Vacation Ownership Purchases"
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
15.99% to 22.99% Variable±
Annual Fee
$0
Rewards Program
Diamond Resorts International® Rewards
Bonuses & Rewards
  • 2xPoints on Diamond Resorts Purchases
  • 1xPoints on Dining
  • 1xPoints on Gas
  • 1xPoints on All Other Purchases
  • 2,500 bonus Diamond Plus Points™ after your first purchase
    • 500 Diamond Plus Points™ for every $2,000 in spend (excluding down payments)
  • 3% of each transaction in U.S. dollars

Featured Benefits

Conciarge Service:

Get personal assistance via telephone, including recommendations and reservations for dining, hotels, travel, entertainment and more

Foreign Transaction Fee:

You’ll pay a 3 percent for each transaction made abroad.

Why should you get this card?

  • No Annual Fee: You’ll never have to pay anything for this card. That means all the rewards you earn are essentially free.
  • Simple Redemptions: As long as you redeem your points for travel through the Diamond Resorts International Travel Portal, you’ll receive a full one cent per point in value. It’s not necessary to worry about how to maximize your points.
  • Sign-Up Bonus: While it’s not a large sign-up bonus, you can earn 2,500 points, worth $19 , after making just one purchase on your card.

Our Expert's Conclusion

Overall, the Diamond Resorts International credit card isn’t a great choice for almost anybody. While it does offer some benefits, there are other cards out there that offer more. No matter what you spend your money on, how much you spend or how you like to use your points, there’s probably a better option out there.

If you are a Diamond Resorts customer about to make a big down payment on a timeshare, you might find value in this card’s 0% APR offer. However, that offer is only for six months, and there are other cards available that offer 0% APR on new purchases for a year or more.

That said, since this card has no annual fee, there’s not much harm in getting it. You will earn the $19 sign-up bonus after the first purchase and you don’t need to spend anything in order to make it worth keeping the card long term.

  • Earn 2,500 bonus Diamond Plus Points™ after your first purchase.
  • Earn 2X Diamond Plus Points™ on Diamond Resorts purchases (excluding down payments).
  • Earn 1X Diamond Plus Points™ for every $1 you spend on purchases elsewhere.
  • Earn 500 Diamond Plus Points™ for every $2,000 in spend (excluding down payments).
  • Redeem points for statement credits.
  • Concierge service.
  • $0 Fraud Liability protection.
  • Chip technology.
Discover it® - Cashback Match™
How to Apply

To apply for this offer please contact
Discover Bank

Intro APR on Purchases
0% intro APR for 14 months from date of account opening
Intro APR on Balance Transfers
0% intro APR for 14 months from date of first transfer, for transfers under this offer that post to your account by February 10, 2018
Regular APR
11.99% to 23.99% Variable±
Annual Fee
$0
Rewards Program
Cashback Bonus®
Bonuses & Rewards
  • %5% in rotating categories each quarter like Gas, Dining, Amazon.com, Wholesale Clubs and more
  • %1% on Travel
  • %1% on Groceries
  • %1% on All Other Purchases
  • Up to 5% cash back offer

    • Discover automatically matches all the cash back you earn dollar for dollar at the end of your first year
  • No Foreign Transaction Fee

Travel Benefits

No Foreign Transaction Fee:

You won’t be hit with any additional fees for using your Discover card while traveling internationally.

Why should you get this card?

  • Cashback Match: After your first year, Discover will double all of the cash back you earned with no cap!
  • Good Earning Potential: The Discover it card earns 5% back on quarterly rotating categories that include things like dining and gas stations, and 1% back on all other purchases.
  • Hassle-Free Redemptions: Your cash back is worth what you think it is, and there are no minimums or category restrictions to your redemptions.
  • No Annual Fee: You’ll never have to pay anything for this card. That means all the rewards you earn are essentially free. How can you beat that?

Our Expert's Conclusion

Discover it is a solid credit card that should be in just about everybody’s wallet. The card offers a great five percent return on categories that rotate quarterly, and one percent back on all other purchases. The first year as a cardholder can be really good for your bank account because all the rewards you earn will be doubled by Discover, with no limit!

In addition to being a great everyday earner, the Discover it card doesn’t have an annual fee and doesn’t charge foreign transaction fees if you want to use the card abroad. Redeeming cash back is super simple with no minimum redemption amount and no restrictions about what you can use the cash back for.

  • Earn 5% cash back in rotating categories each quarter like gas stations, restaurants, Amazon.com, wholesale clubs and more, up to the quarterly maximum each time you activate.
  • 1% cash back on all other purchases.
  • Discover automatically matches all the cash back you earn dollar for dollar at the end of your first year.
  • Redeem your rewards for cash in any amount, anytime.
  • Your cash back never expires.
  • $0 Fraud Liability.
  • No foreign transaction fee.
  • Get your FICO® Credit Score for free on monthly statements, on mobile and online.
Citi® / AAdvantage® Gold World Elite™ Mastercard®
How to Apply

To apply for this offer please contact
Citibank

Intro APR on Purchases
N/A
Intro APR on Balance Transfers
N/A
Regular APR
16.99% to 24.99% Variable±
Annual Fee
$0 first year, then $50
Rewards Program
AAdvantage®
Bonuses & Rewards
  • 1xMiles on American Airlines Purchases
  • 1xMiles on Dining
  • 1xMiles on Gas
  • 1xMiles on All Other Purchases
  • 25,000 bonus miles after you spend $750 in the first 3 months
    • Use Reduced Mileage Awards and save up to 5,000 AAdvantage® miles
  • 3% of each transaction in U.S. dollars
  • %25% savings on purchases on American Airlines flights

Travel Benefits

Citi Concierge:

Save time when searching for travel, dining options, entertainment tickets or shopping ideas by enlisting help of the Citi Concierge service.

Reduced Mileage Awards:

Save between 1,000 and 5,000 miles when booking one-way and round-trip flights on select routes.

In Flight Savings:

Receive a 25% discount for in-flight food and beverage purchases when you use your AAdvantage card on American Airlines flights.

Why should you get this card?

  • Sign-Up Bonus: The card has a 25,000 -mile bonus. That’s enough to book one round-trip flight within the U.S. or to the Caribbean.
  • Low Spending Requirement: Speaking of, the minimum spending requirement for the sign-up bonus is only $750, which is low for an airline card.
  • Reduced Mileage Awards: Cardholders can save anywhere between 1,000 and 5,000 miles per ticket when they redeem for flights to select destinations that vary month to month.
  • Low Annual Fee: Most airline cards charge $95 to be a card member, but this card charges just $50. And the fee is waived for the first year.

Our Expert's Conclusion

If you occasionally fly on American Airlines and are looking for an entry-level airline card with a low annual fee, then the Citi / AAdvantage Gold World Elite MasterCard might be for you. However, keep in mind that the card does not offer all of the benefits you might expect from a co-branded airline card, such as free bags, priority boarding or waived foreign transaction fees.

Aside from the sign-up bonus, the best benefit of this card is access to Reduced Mileage Awards that let you save miles when booking saver-level flights to select destinations. If you fly with AA at least two or three times per year and are OK with paying a higher annual fee of $95, then the Citi / AAdvantage Platinum Select World Elite MasterCard might be better option because it offers free checked bags, priority boarding and redemption rebates.

  • Earn 25,000 American Airlines AAdvantage® bonus miles after making $750 in purchases within the first 3 months of account opening.
  • 1 AAdvantage® mile for every $1 spent on purchases.
  • Redeem your AAdvantage® miles for a domestic round–trip flight award on American Airlines and American Eagle® carriers for as little as 25,000 AAdvantage® miles.
  • No blackout dates on award travel on American Airlines and American Eagle® carriers.
  • Receive a 25% savings on eligible in–flight food and beverage purchases when you use your card.
  • Save up to 5,000 AAdvantage® miles. Use Reduced Mileage Awards and travel for fewer miles.
  • Annual Fee: $50 (Fee waived for the first 12 months).
Citi® Double Cash Card
How to Apply

To apply for this offer please contact
Citibank

Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening
Regular APR
14.49% to 24.49% Variable±
Annual Fee
$0
Rewards Program
Citi® Double Cash Reward Program
Bonuses & Rewards
  • %2% on Travel
  • %2% on Dining
  • %2% on Gas
  • %2% on All Other Purchases
  • 3% of each purchase transaction in U.S. dollars

Travel Benefits

Companion Pass:

Rapid Rewards members can get Companion Pass when they fly 100 qualifying one-way flights or earn 110,000 qualifying points in a calendar year.

Lounge Access:

Southwest does not provide premium passengers with complimentary lounge access.

Free Checked Bag:

First and second checked bags (saves you up to $120 roundtrip) when you fly Southwest.

Why should you get this card?

  • No Annual Fee: You’ll never have to pay anything for this card. That means all of the rewards you earn are pure bonus!
  • 2% Cash Back on Everything: You don’t need to keep track of specific categories that earn more or less cash back; everything earns 2%!
  • No Caps on Your Earning: Some credit cards that offer higher cash back have a cap on how much you can earn, but not with the Citi Double Cash.
  • Late Fee Pass: If you accidentally miss a payment, Citi has you covered and won’t charge you a late fee–but only once.

Our Expert's Conclusion

The Citi Double Cash mostly makes sense under two circumstances. The first is for someone who is seeking simplicity. Since the Double Cash card doesn’t have rotating or any other type of bonus categories to worry about, all you have to do is swipe, pay off your card and reap the benefits!

The second type of person that the Double Cash makes sense for is someone who has a few other rewards cards that cover popular purchase categories, like groceries, gas and travel, but they’re looking for a card for other purchases that otherwise would not earn a bonus. The Double Cash is a great option for that!

  • Earn Cash Back TWICE with 1% on purchases and 1% as you pay for those purchases in full or over time.
  • No caps and no Category restrictions.
  • Credit card late fee pass.
  • Citi® Private Pass®.
  • Citi Price Rewind.
  • 24 Hour fraud protection.
  • The Lost Wallet® Service.
  • Citi® Identity Theft Solutions.
  • EMV Chip Technology.
  • Trip Cancellation & Interruption Protection.
  • Worldwide Travel Accident Insurance.
  • Worldwide Car Rental Insurance.

Compare Balance Transfer Credit Cards

If you're carrying a big balance on your credit card, you should consider a 0% balance transfer card. You can avoid interest payments for a year or more while you pay down debt. These cards are also good for big purchases since many give you interest-free time to pay them off. We rank the cards here by interest rates and annual fees for comparison.

Credit Card
Intro APR on Purchases
Intro APR on Balance Transfers
Regular APR
Annual Fee
Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

How to Apply

To apply for this offer please contact
American Express

How to Apply

To apply for this offer please contact
American Express

Intro APR on Purchases
0% introductory APR for the first 15 months
Intro APR on Balance Transfers
0% introductory APR for the first 15 months on balance transfers requested within 60 days of account opening
Regular APR
13.99% to 24.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
American Express

Amex EveryDay® Credit Card

Amex EveryDay® Credit Card

How to Apply

To apply for this offer please contact
American Express

More Details
How to Apply

To apply for this offer please contact
American Express

More Details
Intro APR on Purchases
0% introductory APR for the first 15 months
Intro APR on Balance Transfers
0% introductory APR for the first 15 months on balance transfers requested within 60 days of account opening
Regular APR
13.99% to 24.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
American Express

More Details
Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

How to Apply

To apply for this offer please contact
American Express

How to Apply

To apply for this offer please contact
American Express

Intro APR on Purchases
0% introductory APR for the first 12 months
Intro APR on Balance Transfers
0% introductory APR for the first 12 months on balance transfers requested within 60 days of account opening
Regular APR
13.99% to 24.99% Variable±
Annual Fee
$95
How to Apply

To apply for this offer please contact
American Express

Amex EveryDay® Preferred Credit Card

Amex EveryDay® Preferred Credit Card

How to Apply

To apply for this offer please contact
American Express

More Details
How to Apply

To apply for this offer please contact
American Express

More Details
Intro APR on Purchases
0% introductory APR for the first 12 months
Intro APR on Balance Transfers
0% introductory APR for the first 12 months on balance transfers requested within 60 days of account opening
Regular APR
13.99% to 23.99% Variable±
Annual Fee
$95
How to Apply

To apply for this offer please contact
American Express

More Details
Chase Freedom Unlimited℠

Chase Freedom Unlimited℠

How to Apply

To apply for this offer please contact
Chase Bank

More Details
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Intro APR on Purchases
0% Intro APR for the first 15 billing cycles that your Account is open
Intro APR on Balance Transfers
0% Intro APR for the first 15 billing cycles that your Account is open
Regular APR
15.99% to 24.74% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Chase Freedom® Card

Chase Freedom® Card

How to Apply

To apply for this offer please contact
Chase Bank

More Details
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Intro APR on Purchases
0% Intro APR for the first 15 billing cycles that your Account is open
Intro APR on Balance Transfers
0% Intro APR for the first 15 billing cycles that your Account is open
Regular APR
15.99% to 24.74% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Chase Slate® Credit Card

Chase Slate® Credit Card

How to Apply

To apply for this offer please contact
Chase Bank

More Details
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Intro APR on Purchases
0% Intro APR for the first 15 billing cycles that your Account is open
Intro APR on Balance Transfers
0% Intro APR for the first 15 billing cycles that your Account is open
Regular APR
15.99% to 24.74% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Chase Bank

More Details
AARP® Credit Card from Chase

AARP® Credit Card from Chase

How to Apply

To apply for this offer please contact
Chase Bank

More Details
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
N/A
Regular APR
17.24% to 23.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Chase Bank

More Details
Citi Simplicity® Card

Citi Simplicity® Card

How to Apply

To apply for this offer please contact
Citibank

How to Apply

To apply for this offer please contact
Citibank

Intro APR on Purchases
0% introductory APR for 21 months from date of account opening
Intro APR on Balance Transfers
0% introductory APR for 21 months from date of first transfer when transfers are completed within 4 months from date of account opening
Regular APR
14.99% to 24.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Citibank

Citi® Double Cash Card

Citi® Double Cash Card

How to Apply

To apply for this offer please contact
Citibank

More Details
How to Apply

To apply for this offer please contact
Citibank

More Details
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening
Regular APR
14.49% to 24.49% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Citibank

More Details
Citi® / AAdvantage® Gold World Elite™ Mastercard®

Citi® / AAdvantage® Gold World Elite™ Mastercard®

How to Apply

To apply for this offer please contact
Citibank

More Details
How to Apply

To apply for this offer please contact
Citibank

More Details
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
N/A
Regular APR
16.99% to 24.99% Variable±
Annual Fee
$0 first year, then $50
How to Apply

To apply for this offer please contact
Citibank

More Details
Citi ThankYou® Preferred Card

Citi ThankYou® Preferred Card

How to Apply

To apply for this offer please contact
Citibank

More Details
How to Apply

To apply for this offer please contact
Citibank

More Details
Intro APR on Purchases
0% introductory APR for 15 months from date of account opening
Intro APR on Balance Transfers
0% introductory APR for 15 months from date of first transfer when transfers are completed within 4 months from date of account opening
Regular APR
14.49% to 24.49% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Citibank

More Details
Diamond Resorts International® MasterCard®

Diamond Resorts International® MasterCard®

How to Apply

To apply for this offer please contact
Barclaycard

How to Apply

To apply for this offer please contact
Barclaycard

Intro APR on Purchases
0% promotional APR for six billing cycles from the transaction date on all "Qualifying Diamond Resorts International® Vacation Ownership Purchases"
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
15.99% to 22.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Barclaycard

JetBlue® MasterCard®

JetBlue® MasterCard®

How to Apply

To apply for this offer please contact
Barclaycard

More Details
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first twelve billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
12.99% to 25.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Wyndham Rewards® Visa® Card

Wyndham Rewards® Visa® Card

How to Apply

To apply for this offer please contact
Barclaycard

More Details
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Intro APR on Purchases
0% APR on all Wyndham Timeshare Purchases for six billing cycles
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
16.24% to 25.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Priceline Rewards™ Visa® Card

Priceline Rewards™ Visa® Card

How to Apply

To apply for this offer please contact
Barclaycard

More Details
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
15.99% to 25.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Carnival™ World MasterCard®

Carnival™ World MasterCard®

How to Apply

To apply for this offer please contact
Barclaycard

More Details
How to Apply

To apply for this offer please contact
Barclaycard

More Details
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
14.99% to 24.99% Variable±
Annual Fee
$0
How to Apply

To apply for this offer please contact
Barclaycard

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NFL Extra Points Credit Card

NFL Extra Points Credit Card

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Intro APR on Purchases
0% promotional APR for six billing cycles from the transaction date on all "Qualifying NFL Team Ticket Purchases"
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
15.99% to 25.99% Variable±
Annual Fee
$0
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Holland America Line Rewards Visa® Card

Holland America Line Rewards Visa® Card

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
14.99% to 24.99% Variable±
Annual Fee
$0
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Barclaycard Arrival Plus™ World Elite MasterCard®

Barclaycard Arrival Plus™ World Elite MasterCard®

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first twelve billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
16.99% to 23.99% Variable±
Annual Fee
$0 first year, then $89
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Princess Cruises® Rewards Visa® Card

Princess Cruises® Rewards Visa® Card

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
14.99% to 24.99% Variable±
Annual Fee
$0
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Hawaiian Airlines® World Elite MasterCard®

Hawaiian Airlines® World Elite MasterCard®

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first 15 billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
16.99% to 25.99% Variable±
Annual Fee
$89
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AAdvantage® Aviator™ Red World Elite MasterCard®

AAdvantage® Aviator™ Red World Elite MasterCard®

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
16.99% to 25.99% Variable±
Annual Fee
$95
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Miles & More® World Elite MasterCard®

Miles & More® World Elite MasterCard®

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
16.99% to 25.99% Variable±
Annual Fee
$89
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Barclaycard CashForward™ World Mastercard®

Barclaycard CashForward™ World Mastercard®

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Intro APR on Purchases
0% introductory APR for the first fifteen billing cycles after the account is opened
Intro APR on Balance Transfers
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
Regular APR
15.99% to 25.99% Variable±
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$0
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Bank of America® Cash Rewards™ Credit Card

Bank of America® Cash Rewards™ Credit Card

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Intro APR on Purchases
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account
Intro APR on Balance Transfers
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account for transactions made within 60 days of opening your account
Regular APR
13.99% to 23.99% Variable±
Annual Fee
$0
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Pink Ribbon BankAmericard Cash Rewards™ Credit Card

Pink Ribbon BankAmericard Cash Rewards™ Credit Card

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Intro APR on Purchases
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account
Intro APR on Balance Transfers
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account for transactions made within 60 days of opening your account
Regular APR
13.99% to 23.99% Variable±
Annual Fee
$0
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MLB™ Credit Cards

MLB™ Credit Cards

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Intro APR on Purchases
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account
Intro APR on Balance Transfers
0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account for transactions made within 60 days of opening your account
Regular APR
13.99% to 23.99% Variable±
Annual Fee
$0
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NHL® Discover it® Card

NHL® Discover it® Card

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Discover Bank

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Intro APR on Purchases
0% intro APR for 14 months from date of account opening
Intro APR on Balance Transfers
0% intro APR for 14 months from date of first transfer, for transfers under this offer that post to your account by February 10, 2018
Regular APR
11.99% to 23.99% Variable±
Annual Fee
$0
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Discover it® Chrome Card

Discover it® Chrome Card

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Intro APR on Purchases
0% intro APR for 14 months from date of account opening
Intro APR on Balance Transfers
0% intro APR for 14 months from date of first transfer, for transfers under this offer that post to your account by February 10, 2018
Regular APR
11.99% to 23.99% Variable±
Annual Fee
$0
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U.S. Bank Cash+™ Visa Signature® Card

U.S. Bank Cash+™ Visa Signature® Card

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Intro APR on Purchases
N/A
Intro APR on Balance Transfers
0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening
Regular APR
14.99% to 23.99% Variable±
Annual Fee
$0
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Fred Meyer Rewards® Visa® Card

Fred Meyer Rewards® Visa® Card

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Intro APR on Purchases
0% introductory APR for the first 9 billing cycles
Intro APR on Balance Transfers
0% introductory APR for the first 9 billing cycles for balances transferred within 30 days from account opening
Regular APR
14.99% to 24.99% Variable±
Annual Fee
$0
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Polaris® Visa® Credit Card

Polaris® Visa® Credit Card

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Intro APR on Purchases
0% introductory APR for the first 12 billing cycles
Intro APR on Balance Transfers
0% introductory APR for the first 12 billing cycles for balances transferred within 30 days from account opening
Regular APR
14.99% to 23.99% Variable±
Annual Fee
$0
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Discover it® - Cashback Match™

Discover it® - Cashback Match™

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Intro APR on Purchases
0% intro APR for 14 months from date of account opening
Intro APR on Balance Transfers
0% intro APR for 14 months from date of first transfer, for transfers under this offer that post to your account by February 10, 2018
Regular APR
11.99% to 23.99% Variable±
Annual Fee
$0
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Quicksilver® Cash Rewards Credit Card

Quicksilver® Cash Rewards Credit Card

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Capital One®

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Intro APR on Purchases
0% introductory APR for the first 9 months that your account is open
Intro APR on Balance Transfers
0% introductory APR for the first 9 months that your account is open
Regular APR
13.99% to 23.99% Variable±
Annual Fee
$0
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Three Things to Consider When Comparing Credit Cards for Balance Transfers

When making a balance transfer, it is important to consider some major factors. In order to get the most benefit and savings from a balance transfer, consider the payment terms, fees, rewards and the ongoing interest rate that your card will give you after the promotional period has lapsed.

Ongoing interest does not have to be a major factor, as I would recommend doing another balance transfer after the promotional period has expired if you are still going to carry a significant balance over an extended period of time. But if you have only a small balance that you plan to pay off within a couple of months, and your card has a decent interest rate, it may not be worth it to do another transfer.

  • Payment Terms

    It’s important to consider a card’s repayment terms. Promotional transfer rates expire. They usually range from about 12 to 21 months. The longer the term you receive, the more money you will save on interest. However, if you have a small balance and know you can pay it off within a year, then you may not need a longer term. The best card for a balance transfer will depend on how good you are at developing and sticking to your monthly budget.

    For instance, the City Simplicity card comes with a full 21 months of no interest for balance transfers. This is a very flexible card as it has no late fees and no penalty rate. So, if you know you have trouble sticking to a budget, or even worse, you have not developed a realistic budget yet, this may be a great option. This card even has a 0% APR on purchases. However, it doesn’t earn rewards.

    If you know you will have your card paid off within a year or less, the Citi ThankYou Preferred may be a better option. It has only 12 interest-free months, but it earns rewards and it also has a 15,000-point sign-up bonus, which is like $150 cash in your pocket.

    If you go for the card with the sign-up bonus but don’t pay off the balance in 12 months, you could end up paying another balance transfer fee or even worse, interest. Be realistic about your budget, make a plan and stick to it.

  • Transfer Fees

    Although you won’t be charged interest, in most cases there will be a fee associated with your balance transfer. Fees usually range between 3 percent and 5 percent. If you were to transfer $5,000 dollar balance at 3 percent, it would cost $150 in fees.

    Don’t let the fee scare you. If you’re paying a 15 percent interest rate on that balance, it would cost you $750 a year. Even with the fee, you’d save roughly $600 for the year. If you get a card that has a longer interest free promotional period, your savings will continue to increase.

    In rare cases, you can get a card that doesn’t charge a balance transfer fee. The Chase Slate credit card, for instance, does not charge a balance transfer fee on debts that are transferred to the card within the first 60 days of being approved. After the 60 days, the fee is 5 percent. The interest-free period for balance transfers is 15 months.

    The downside is that the Slate card does not earn rewards or have a sign-up bonus. The Chase Freedom, which also has a 15-month no interest balance transfer offer, comes with a $150 welcome bonus after spending $500 in the first three months.

    Neither of these cards have an annual fee, so the best one for you really depends on the amount you are going to transfer. The Freedom card charges a 5 percent fee on balance transfers. If you are going to transfer more than $3,000, the balance transfer fee on the Freedom would cost more than the sign-up bonus. That may make the Slate a better option, especially if you are going to transfer more than $5,000, which would cost $250 to transfer to the Freedom versus nothing on the Slate. You may save more than you would get in rewards and bonuses combined by not having to pay the balance transfer fee.

    However, the Freedom card does allow cardholders to earn 5 percent cash back on up to $1,500 in quarterly rotating categories. If you are a savvy rewards earner this can easily work in your benefit. In addition to the amount you are going to transfer, how you plan on using the card should be factored into your decision.

    Some credit cards with promotional balance transfer offers have an annual fee and others do not. Sometimes an annual fee may be worth paying if it gives you an extended time period, like 21 months, or if it has a lower balance transfer fee. If you plan on using your balance transfer card for new purchases, you may also get a better reward rate or better benefits on a card with an annual fee. It all depends on your needs. Consider your options and see if the fee is worth it. However, most of the cards listed here do not have an annual fee.

  • Rewards

    You will not earn rewards on the balance transfer itself. However, your new card may allow you to earn rewards. Amex Blue cash credit cards have a 3 percent balance transfer fee, which is on the lower end of the spectrum, and they allow cardholders to get a sign-up bonus, a one-time bonus and stellar rewards. With these cards, you can have your cake and eat it, too.

    Depending on whether you apply for the Blue Cash Everyday or the Blue Cash Preferred, you will get a sign-up bonus of up to $150 by spending $1,000 within three months. Additionally, card members will have the chance to receive a one-time bonus of up to $200. This one-time bonus comes in the form of 10 percent back on restaurants, which is good for the first six months. This card also has great reward rates on gas and groceries.

    If you have excellent credit, there is no doubt that the Blue Cash Preferred is the better option of the two. Not only does it give $50 more for the sign-up bonus, but you can also earn 6 percent back on groceries, compared to 3 percent on the Blue Cash Everyday. Both of these reward rates max out at the $6,000 mark. After that the reward rate is 1 percent. At the 6 percent rate, $100 on groceries a week would earn $300 for the year. The Preferred card also tops the Everyday card for gas stations, earning 3 percent back instead of 2.

    However, it is not as common as it used to be to get a card with both zero interest on both balance transfers and new purchases. Therefore, you can be charged interest on new purchases. Paying interest will surely decrease the value of your rewards, so you may want to consider a different card for new purchases if you think you will not be able to clear out that debt within the grace period of 21 days after receiving the bill.

Six Tips for Getting the Most Out of Your Balance Transfers

There are some things you probably already know about balance transfers. However, there are most likely some things you hadn’t thought about. To get the most savings and benefit out of your new balance transfer credit card, consider the advice below. Being informed is the key to making knowledgeable decisions. And with your credit history being such a vital tool in building a successful life, it is important to get as much information as possible to make the right financial decisions.

  • Tip #1: Consolidate Your Debt

    Consolidating debt makes it easier to pay off and it makes it less likely that you’ll miss a payment. Taking several high interest credit cards and transferring to one card with a zero interest can save you both money and time. When using this method, take into consideration that your credit score might take a hit if you have a credit utilization rate of over 30 percent. For example, if you have $3,000 in debt, you’ll want to transfer it to a card with a limit of at least $9,000 for your credit score to be optimal.

  • Tip #2: Transfer All Types of Debt

    Balance transfers can help you with many kinds of debt. They are not just for transferring a balance from one credit card to another. You can pay many types of debts, including loans. Many cards even present you with checks that you can write to someone else or even yourself. To cash a balance transfer check, simply write it out to yourself and deposit it in your bank account. The entire amount of your credit line is usually not all available for a balance transfer, so find out how much you can transfer before writing any checks.

  • Tip #3: Make Payments

    Always pay more than the minimum. This will help you eliminate your debt faster. Since the Credit Card act of 2009, issuers are now required to apply any amount paid in excess of the minimum payment to higher interest debt first. That means that if you are using your card to make new purchases, you can pay them off monthly by exceeding the minimum payment. That will help you avoid paying any interest at all. This is much better than the old days where issuers applied payments to the lower interest debt first, which allowed them to charge more interest and extend the time it would take to pay.

    Never miss a payment. This could cause you to lose your promotional interest rate. A missed payment can land you back at square one. In that case, you can be charged between an average of 12 to 18 percent APR, or maybe even more. It can also affect your credit score. Your payment history has a high impact on your credit score. Your payment history helps determine about 30 percent of your overall score. You can recover from a missed payment, but it can affect your score for about seven years.

  • Tip #4: Don’t Settle for a Lesser Card

    When you apply for a credit card, there may be instances where you won’t get the card you wanted. If your credit score isn’t quite as good as it could be, you may still be approved for the card, but it may not come with the terms you wanted. If you don’t get the terms or the limit you were seeking, don’t use it.

    This is a common practice among store credit cards. They advertise a lot benefits, such as no interest and big rewards, but when you apply you may end up with a lesser card if your credit isn’t perfect. Instead of the top of the line card that you wanted, you may receive their lower level basic card that does not have the benefits you were originally seeking.

    Even a pre-approved offer is no guarantee. You can still end up being denied for the card. Or you may get the card, but the terms may differ from what you were seeking. If this happens, you should call the credit card company and haggle with them. Call their reconsideration line. Find out why you were denied or given a lesser card.

    Even if you have excellent credit, you can still be denied for a card due to bank-specific restrictions, such as the Chase 5/24 rule. If you have applied for more than five Chase cards in the past 24 months, it can result in denial. If the card is not what you wanted, don’t use it, but keep it open to keep your credit limits higher. Give it a little time and move onto another card.

  • Tip #5: Check the Credit Limit before Transferring Balances

    I would advise waiting until you know what your credit limit will actually be on your new card before making any transfers. If you don’t get the full credit line, you won’t be able to effectively consolidate your debt. If you get a card with a $5,000 balance, but you need to transfer $4,500, that would put you at a 90 percent utilization rate. Even if your overall debt to credit ratio is good because you have other cards, the fact that the utilization rate on that one card is so high will not bode well for your credit score. So, in that case you may want to skip a transfer to that card and try for another card, or only transfer about $1,700 to that card.

  • Tip #6: Know Your Interest Rates

    Most balance transfer credit cards will come with a promotional interest-free period. However, interest is still a consideration. You should know the interest rate on new purchases. Although it is possible to get interest-free periods on both balance transfers and purchases, the offers aren’t as common as they used to be.

    However, since the Credit Card Act of 2009, you can avoid interest on new purchases by paying the amount you spent on the card that month in addition to the minimum monthly payment within 21 days of the issuance of the statement. This can allow you to avoid interest on new purchases, even if your new interest-free balance transfer card does not have a promotional interest rate on new purchases

    You should also know what the ongoing interest rate will be. It will probably be the same as the interest rate on new purchases, but be sure and check back in when the promotional period expires. Paying the amount you spent on the card the previous month in addition to the minimum payment within 21 days of the statement date will allow you to make new purchases on your balance transfer credit card while still avoiding interest.

FAQs

Need more info? Check out our frequently asked questions. If you have other questions, don't hesitate to leave a comment below.

  • To be eligible to for the best balance transfer offers, you will need at least good credit. That’s a credit score around 700. If you have a score of 760 or higher, you have excellent credit and will have a variety of cards to choose from.
    With the best cards, you’ll get a lengthy promotional interest-free period of between 12 to 21 months. You should also expect a good reward rate, as well as a sign-up bonus. Also, don’t forget to factor in the balance transfer fee which will usually range between 3 to 5 percent.
  • A balance transfer is when you take the balance you have on one credit card and transfer it to another card. You can usually do this easily by phone or online. You may also be able to use a balance transfer check, which you can request if it didn’t come with your card.
    A balance transfer is not debt repayment. It is more like shifting debt in order to save on interest fees and potentially consolidate your payments. A balance transfer will usually cost between 3 and 5 percent of the amount that you transfer, which will automatically be billed to your card.
    Although credit card checks can be handy if you need to clear up debt with another person, or if you want to write the check to yourself, be aware of the timing. Don’t write and mail the check without giving yourself at least 10 business days for the check to get where it is going. If you give it to a person, be sure to let them know they should deposit it immediately. If it arrives or is cashed after a certain date, you may not get the promotional rate on the check.
    If the transference of debt is from another lender or credit card, it is probably best to complete it by phone or online. Be sure to have any account numbers and payee information handy as you will need to provide this. A balance transfer can take up to two weeks to post, so continue to make any minimum payments due until you are sure the payment has posted.
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