Best Balance Transfer Credit Cards

Written by: Jeanine Skowronski | Edited by: Tracy Stewart | Reviewed by: Ted Rossman
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July 19, 2021

Our editorial team and our expert review board provide an unbiased analysis of the products we feature. Our comparison service is compensated by our partners, and may influence where or how products are featured on the site. Learn more about our partners and how we make money. Please note: The star-rating system on this page is based on our independent card scoring methodology and is not influenced by advertisers or card issuers.

A balance transfer credit card can save you a lot of money in interest charges and prevent debt from spiraling out of control. The best balance transfer cards have lengthy 0% introductory APR periods lasting anywhere from 15 to 20 months. At the end of the period, the regular APR applies. Ideally, the intro period gives you time to pay down your balance in full, or at least most of it, all without accruing interest. Currently, the U.S. Bank Visa® Platinum Card offers the longest available 0% introductory APR (for balance transfers and purchases) lasting 20 billing cycles, then a variable 14.49% to 24.49% regular APR applies. Also at the top of our list, the Citi Custom Cash℠ Card offers a 0% introductory APR for 15 months on balance transfers and purchases (then 13.99% to 23.99% variable) and automatically rewards your top eligible spending categories each month.

Could a balance transfer credit card help make sense for you? A balance transfer calculator can help you crunch the numbers on your current card debt and give you a sense of how much you could save on interest by transferring your current balance to a lower interest credit card. Compare our picks for the best balance transfer credit cards from our partners and see how much each card could help you save.

Why trust us? Our team of credit card experts has analyzed over 300 credit cards to identify the best offers on the market in various card categories. We use a one-to-five star rating system to assess cards and provide valuable information on how to leverage these offers. When assessing a card’s value, our team weighs any fees against benefits and the validity of the promotional APR along with the regular APR. All of our cards are assessed independently by our editors based on their own research, opinions and other factors.

A balance transfer credit card can save you a lot of money in interest charges and prevent debt from spiraling out of control. The best balance transfer cards have lengthy 0% introductory APR periods lasting anywhere from 15 to 20 months. At the end of the period, the regular APR applies. Ideally, the intro period gives you time to pay down your balance in full, or at least most of it, all without accruing interest. Currently, the U.S. Bank Visa® Platinum Card offers the longest available 0% introductory APR (for balance transfers and purchases) lasting 20 billing cycles, then a variable 14.49% to 24.49% regular APR applies. Also at the top of our list, the Citi Custom Cash℠ Card offers a 0% introductory APR for 15 months on balance transfers and purchases (then 13.99% to 23.99% variable) and automatically rewards your top eligible spending categories each month.

Could a balance transfer credit card help make sense for you? A balance transfer calculator can help you crunch the numbers on your current card debt and give you a sense of how much you could save on interest by transferring your current balance to a lower interest credit card. Compare our picks for the best balance transfer credit cards from our partners and see how much each card could help you save.

Why trust us? Our team of credit card experts has analyzed over 300 credit cards to identify the best offers on the market in various card categories. We use a one-to-five star rating system to assess cards and provide valuable information on how to leverage these offers. When assessing a card’s value, our team weighs any fees against benefits and the validity of the promotional APR along with the regular APR. All of our cards are assessed independently by our editors based on their own research, opinions and other factors.

Here are the best balance transfer credit cards of July 2021:

BEST UNLIMITED CASH BACK FOR PREFERRED REWARDS MEMBERS
Unlimited 1.5% cash back on all purchases
Bank of America® Unlimited Cash Rewards credit card
Our rating:3.3 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$351
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0% Intro APR for 15 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
Intro balance transfer period
0% Intro APR for 15 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
Regular balance transfer APR
13.99% - 23.99% Variable APR on purchases and balance transfers
BEST FOR LOW INTEREST
BankAmericard® credit card
Our rating:4.4 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$447
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
Intro balance transfer period
0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
Regular balance transfer APR
12.99% - 22.99% Variable APR on purchases and balance transfers
BEST FOR BALANCE TRANSFERS
Citi® Diamond Preferred® Card
Our rating:4.0 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$442
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0%
Intro balance transfer period
18 months
Regular balance transfer APR
13.74% - 23.74% variable
BEST FOR AUTOMATICALLY MAXIMIZING REWARDS
Best for personalized rewards
Citi Custom Cash℠ Card
Our rating:4.1 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$293
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0%
Intro balance transfer period
15 months
Regular balance transfer APR
13.99% - 23.99% variable
BEST FOR 0% INTRO APR
Wells Fargo Platinum card
Our rating:4.0 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$373
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0% intro APR for 18 months on qualifying balance transfers
Intro balance transfer period
0% intro APR for 18 months on qualifying balance transfers
Regular balance transfer APR
16.49% - 24.49% variable
BEST FOR 0% INTRO APR + LOW FEES
Citi Simplicity® Card
Our rating:3.9 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$434
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0%
Intro balance transfer period
18 months
Regular balance transfer APR
14.74% - 24.74% (Variable)
BEST FOR EVERYDAY SPENDING
Bank of America® Customized Cash Rewards credit card
Our rating:4.2 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$351
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0% Intro APR for 15 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
Intro balance transfer period
0% Intro APR for 15 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.
Regular balance transfer APR
13.99% - 23.99% Variable APR on purchases and balance transfers
BEST FOR CASH REWARDS
Citi® Double Cash Card
Our rating:3.5 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$440
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0%
Intro balance transfer period
18 months
Regular balance transfer APR
13.99% - 23.99% (Variable)
BEST FOR 2% APR REDUCTION
Chase Slate Edge℠
Our rating:3.4 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$181
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0%
Intro balance transfer period
12 months
Regular balance transfer APR
14.99% - 23.74% variable
BEST FOR SUPERMARKETS AND GAS STATIONS
Citi Rewards+® Card
Our rating:3.2 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

Credit Recommended (670-850)

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Estimated balance transfer savings

$357
Savings over 24 months based on a transfer of $2,500 at a current APR of 15%
Learn more about our calculations This amount is the estimated savings over 24 months following a $2,500 balance transfer, compared to keeping the balance on a credit card with a 15% APR. The estimate includes the new card’s balance transfer fee and balance transfer intro period and assumes payments of $56.25/mo during the 24-month period.

After the intro period, remaining months assume the average APR in the card’s disclosed range. This estimate is a CreditCards.com calculation used for educational purposes and is not a guarantee of savings.

At A Glance

Intro balance transfer APR
0%
Intro balance transfer period
15 months
Regular balance transfer APR
13.49% - 23.49% (Variable)
Back to top

Editorial disclosure: All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank's website for the most current information.

All information about Navy Federal® Platinum Credit Card and the U.S. Bank Visa Platinum Card has been collected independently by CreditCards.com and has not been reviewed by the issuer.


best balance transfer credit cards of 2021

A guide to balance transfer credit cards

If you feel like you are in a never-ending cycle of credit card debt, a balance transfer card just might be the solution. Here, we share how these credit cards work, when they are a good or a bad idea, and we offer examples of great balance transfer cards to choose from.

Editor’s picks: Balance transfer credit card details

Wells Fargo Active Cash℠ Card: Best for 2% cash rewards

Why we picked it: This straightforward rewards card offers an unlimited 2% cash rewards on eligible purchases. And unlike the Citi® Double Cash Card, which offers 1% cash back on eligible purchases and another 1% when you pay your bill, the Wells Fargo Active Cash℠ Card comes with an introductory bonus of $200 cash rewards after spending $1,000 within the first three months of account opening. Members enjoy a 0% introductory APR on purchases as well as qualifying balance transfers for 15 months from account opening, then 14.99% to 24.99% variable APR.

Pros: The card carries no annual fee. Cash rewards never expire so long as your account remains in good standing. Besides cellphone insurance, card perks also include Visa Signature Concierge benefits at select hotel properties around the world.

Cons: While the Wells Fargo Active Cash℠ Card beats out the Citi Double Cash card in terms of an introductory bonus, the Citi Double Cash has the longer APR intro period for balance transfers.

The intro APR on qualifying balance transfers must be made within the first 120 days as a cardholder to receive the special intro rate. There’s also a balance transfer fee of 3% if you transfer the balance within 120 days; 5% if you don’t (with a $5 minimum).

Who should apply? If you’re on the hunt for a simple flat rate unlimited rewards card to earn cash rewards on day-to-day purchases that just so happens to have favorable balance transfer terms, the Wells Fargo Active Cash℠ Card should be at the top of your list.

Who should skip? This card is a great choice for day-to-day spending, but you could be missing out on potential rewards in your top spending categories.

Read the full Wells Fargo Active Cash℠ Card review.

Bank of America® Unlimited Cash Rewards credit card: Best unlimited cash back for Preferred Rewards members

Why we picked it: Not only does this card feature an attractive 0% intro APR on purchases as well as balance transfers made within the first 60 days for 15 billing cycles (then 13.99% to 23.99% variable APR), it also offers an unlimited 1.5% cash back on all eligible purchases. Existing Bank of America customers can earn an additional 25% to 75% boost to rewards earnings provided they have a savings account with $20,000 or more through the Bank of America Preferred Rewards program. The reward increase will vary based on your Preferred Rewards account balance. Cardmembers can also earn a $200 online cash rewards bonus after spending $1,000 within the first 90 days of account opening.

Pros: Your cash rewards never expire as long as your account remains active. Cash rewards can be redeemed for statement credits, deposits made directly to your eligible Bank of America checking or savings account or as a credit to an eligible Merrill account.

Cons: If you carry a balance past the introductory 15 billing cycles, the amount of interest you owe could be high, particularly if the higher APR applies. Depending on your spending habits, a card that offers a high rewards rate on specific bonus categories may be a better option.

Who should apply? Anyone hoping to tackle an existing card debt or make a large purchase will benefit from this card’s competitive intro APR offer, and the unlimited 1.5% cash back rewards certainly sweeten the deal.

Read the full Bank of America® Unlimited Cash Rewards credit card review.

BankAmericard® credit card: Best for low interest

Why we picked it: The BankAmericard allows you 18 billing cycles to work on paying off a balance transfer (made within the first 60 days) without accruing interest. After that, your interest rate could still be quite low. The regular APR is 12.99% to 22.99% variable, which is good, especially if you can secure an interest rate at the low end of that spectrum.

Pros: The 18-month 0% introductory rate also extends to purchases (12.99% to 22.99% variable after that). There is no rewards program, but you still have access to money-saving perks with BankAmeriDeals, Bank of America’s card-linked cash back offers. You won’t pay an annual fee.

Cons: Again, you’ll need to act fast to capitalize on the balance transfer offer, given it applies only to balances transferred in your first 60 days. You’ll pay a balance transfer fee of 3% or $10 (whichever is greater).

Who should apply? Cardholders with big balances can take advantage of the low APR intro rate but only if they’re nimble enough to get it done within the first 60 days of opening the account. For larger debts, the balance transfer fee may sting a bit at 3% (or $10, whichever is greater.)

Who should skip? This card has no rewards program so if that’s high on your priorities, look elsewhere.

Read the full BankAmericard credit card review.

Citi® Diamond Preferred® Card: Best for balance transfers

Why we picked it: This card pairs one of the longest balance transfer offers currently on the market with a potentially low go-to interest rate: Cardholders receive a 0% introductory APR for 18 months on balance transfers made in the first four months (the APR is 13.74%-23.74% variable after that).

Pros: The 18-month 0% introductory APR extends to purchases, too (13.74% to 23.74% variable after that). Plus, there’s no annual fee.

Cons: You’ll pay a balance transfer fee of 3% (or $5, whichever is higher). Plus, the fact that there’s no base rewards program may limit its long-term value, though there are a few ancillary perks to enjoy, like access to Citi Entertainment®, Citi Flex Plan and the Citi Easy Deals program.

Who should apply? So long as you’ve done the math on that 3% balance transfer fee (or $5, whichever is higher), the Citi Diamond Preferred is an attractive option for anyone hoping to pay down debt or finance a big purchase.

Who should skip? While this card does come with excellent perks, its lack of rewards may be a dealbreaker for some.

Read our full Citi Diamond Preferred Card review.

Citi Custom Cash℠ Card: Best for automatically maximizing rewards

Why we picked it: This new cash back from Citi comes with a lengthy 0% introductory APR on balance transfers (0% for 15 months, then variable 13.99% to 23.99%).

Pros: That 15-month 0% introductory APR also extends to purchases (then variable 13.99% to 23.99%). Cardholders also earn rewards: 5% cash back on up to $500 in purchases in your top spending category each billing cycle, then 1%, and 1% cash back on all other purchases. There’s a sign-up bonus offering cardholders $200 if they spend $750 in the first three months of account opening (fulfilled as ThankYou points that can be redeemed as cash back).

Cons: The big drawback here is the balance transfer fee, which is 5% of the transferred balance (or $5, whichever is greater). That’s on the higher side for a balance transfer. Many cards charge 3% of the transferred balance and a few, like the Navy Federal Credit Union Platinum card, waive the charge entirely.

Who should apply? This card is an option if you’re looking for a balance transfer, but want to earn rewards once you’re finished paying down your debt.

Who should skip? Anyone transferring a particularly high balance may want to steer clear of this card’s 5% balance transfer fee.

Read our Citi Custom Cash Card review.

Wells Fargo Platinum card: Best for 0% intro APR

Why we picked it: With this card, you get the best of both worlds: a long (18 months from account opening) 0% introductory APR period on both qualifying balance transfers made in the first 120 days and on new purchases. After that, it’s 16.49% to 24.49% variable.

Pros: The card carries no annual fee. Like the Citi Diamond Preferred above, this card carries no base rewards program, but you will get some ancillary benefits, like cellphone insurance. Pay your cellphone bill with the card and you can be reimbursed up to $600 per claim and $1,200 per year should your phone be damaged or stolen (subject to a $25 deductible).

Cons: For some, a few ancillary perks may not be enough to make up for the lack of a rewards program. If it’s the 0% APR that’s caught your eye, note that qualifying balance transfers must be made within your first 120 days as a cardholder to receive the special intro APR. Plus, you’ll pay a balance transfer fee of 3% if you transfer the balance within 120 days; 5% if you don’t (with a $5 minimum).

Who should apply? Existing Wells Fargo clients and anyone else more concerned with paying down debt or financing an expensive purchase over earning rewards might consider the Wells Fargo Platinum card. If, however, earning rewards is a must for you, the Citi Double Cash Card, listed below, offers a similarly lengthy intro offer and a decent cash back rate.

Who should skip? If you’re hoping to rack up rewards, this isn’t the card for you.

Read the full Wells Fargo Platinum card review.

Citi Simplicity® Card: Best for 0% intro APR + low fees

Why we picked it: The Citi Simplicity® Card is a solid choice for people who want to pay down some debt without mastering a complex rewards program or confusing fee structure.

Pros: You’ll enjoy a lengthy 18-month 0% introductory APR on purchases and balance transfers conducted within the first four months of account opening (then variable 14.74% to 24.74% APR). You also won’t pay an annual fee, or incur late fees or a penalty APR for missed payments. (Note: Late payments will still hurt your credit score and are best avoided.)

Cons: The U.S. Bank Visa® Platinum Card does offer a longer 0% introductory APR on purchases and balance transfers conducted within 60 days of account opening (20 billing cycles, then variable 14.49% to 24.49% APR). There are also a few cards, mostly from credit unions, that let you skip a balance transfer fee, though their intro APRs are usually higher or the time period is shorter.

Who should apply? If you’re wary of rewards and worried about incurring late fees or penalties while you learn the ropes of responsible use, the Citi Simplicity is the card for you.

Who should skip? This is a solid balance transfer credit card, but your specific choice will ultimately come down to how long you need to pay off a balance transfer and/or if you’re looking to avoid a balance transfer fee.

Bank of America® Customized Cash Rewards credit card: Best for everyday spending

Why we picked it: The card pairs a competitive balance transfer offer (0% intro APR for the first 15 billing cycles on balance transfers made in the first 60 days, then 13.99% to 23.99% variable) with solid rewards for everyday spending.

Pros: The Bank of America Customized Cash Rewards card offers a solid 3% cash back on a category of your choice and 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%). There’s no annual fee for the card.

Cons: The 0% introductory APR period for balance transfers is good, though certainly not the longest one out there. Plus, you’ll have to act fast to capitalize on that intro APR. (As we mentioned earlier, only balance transfers made within the first 60 days of opening an account qualify.) A 3% fee (minimum $10) applies to all balance transfers.

Who should apply? The ability to choose your own monthly bonus category is a definite plus for anyone seeking flexibility in a cash back card, but be mindful of those spending caps. This card is best suited for earning rewards for everyday moderate spending.

Who should skip? Big spenders hoping to earn outsized rewards should keep looking.

Read the full Bank of America Customized Cash Rewards credit card review.

Citi® Double Cash Card: Best for cash rewards

Why we picked it: While some cards may require you to sacrifice long-term value for a great balance transfer offer, the Citi Double Cash does not. In addition to an introductory 18-month zero interest offer on balance transfers (then a variable APR of 13.99% to 23.99% after that), you’ll earn 1% cash back when you make a purchase and another 1% as you pay your balance, or 2% total.

Pros: The base rewards, paired with that lengthy balance transfer offer, are the real highlight here. The potential to earn 2% cash back (1% when you buy and 1% as you pay), after all, is competitive among the best rewards credit cards. Plus, there’s no annual fee.

Cons: You’ll need good-to-excellent credit to qualify for the card, so people with bad, fair or thin credit might need to look elsewhere. (See the best credit cards for fair credit.) There’s no 0% introductory APR offer for purchases. You’ll pay a balance transfer fee of $5 or 3%, whichever is higher.

Who should apply? For those with good-to-excellent credit, the Citi Double Cash Card gives you the versatility of a flat-rate cash back card coupled with one of the longest no interest balance transfer deals available. Existing Citi customers already earning ThankYou points could earn even more by pairing with this card.

Who should skip? You’ll need good-to-excellent credit to qualify for the card, so people with bad, fair or thin credit might need to look elsewhere. (See the best credit cards for fair credit.)

Read the full Citi Double Cash review.

Chase Slate Edge℠: Best for 2% APR reduction

Why we picked it: The Chase Slate Edge℠ offers a 0% intro APR on balance transfers for the first 12 months from account opening (14.99% to 23.74% APR variable). Cardmembers who pay their bill on time and spend $1,000 by the time their account anniversary rolls around will be automatically considered for a 2% APR reduction. That could be especially useful for those who are left holding a balance at the end of the intro APR term. Cardmembers may be eligible for a credit line increase after spending $500 within the first six months after account opening, provided they’ve paid their bill on time each month.

Pros: Despite the lack of rewards, this card offers a lot of bonuses and lucrative perks for those who are working to pay down debt. In addition to the APR reduction and potential credit line increase, cardmembers can take advantage of a limited-time offer that allows them to earn a $100 bonus credit after spending $500 within the first six months of account opening. Membership also includes access to credit management tools such as Credit Journey and My Chase Plan.

Cons: Depending on how large your debt is, the 3% balance transfer fee ($5 minimum) could wind up being expensive. Another potential deal breaker for some applicants: this card has no rewards program.

Who should apply? The Chase Slate Edge℠ comes with a number of useful debt management tools to help members pay down balances on top of its already excellent intro APR offer. If you suspect you may still have a balance at the end of the intro APR period, the chance of an APR reduction could help minimize the sting of interest charges.

Read the full Chase Slate Edge℠ review.

Citi Rewards+® Card: Best for supermarkets and gas stations

Why we picked it: This Citi card pairs a competitive balance transfer offer (0% for 15 months from the date of your first transfer, then 13.49% to 23.49% variable) with solid rewards on two popular spending categories.

Pros: In addition to rewarding 2X ThankYou points spent at supermarkets and gas stations (up to $6,000 per year in purchases, then 1X points), Citi will round up each purchase to the nearest 10 points. So, for example, the $5 you spend on a morning coffee run would be rounded up from five to 10 ThankYou points. Plus, you earn 10% back on points redeemed, up to 100,000 points per year. The 15-month 0% introductory APR applies to purchases, too (13.49% to 23.49% variable after that).

Cons: The introductory APR of 0% for 15 months on balance transfers from date of first transfer (13.49%-23.49% variable after that) is one of the shorter offers on the balance transfer market, but it still gives you more than a year to pay down debt with 0% interest. There’s a balance transfer fee of 3% or $5 (whichever is greater).

Who should apply? This card is an excellent option for balance transfers with the potential to maximize rewards on small purchases, particularly if you’re an existing Citi customer.

Who should skip? If you frequently make large purchases, a card that offers a higher rewards rate in your top spending categories would be a better fit.

Read the full Citi Rewards+ credit card review.

U.S. Bank Visa® Platinum Card: Best for long 0% intro APR period

Why we picked it: The U.S. Bank Visa Platinum Card currently touts the longest 0% introductory offer on the market: Cardholders receive a 0% introductory APR on purchases and balance transfers conducted within 60 days of account opening for a full 20 billing cycles, then they pay a variable 14.49% to 24.49% APR.

Pros: The card carries no annual fee. If you use it to pay your monthly cellphone bill, you’ll receive cellphone insurance in the form of up to $600 per claim for covered damage or theft for two claims in a 12-month period after a $25 deductible.

Cons: You’ll pay a balance transfer fee equal to 3% of the transferred balance or $5, whichever is greater. There’s no rewards program, which cuts into the card’s long-term value.

Who should apply? Anyone looking for extra time to pay down a big purchase or a transferred balance doesn’t need to look much further as this card currently represents the longest 0% introductory APR offer on the market.

Who should skip? If earning rewards is more important to you than having a lengthy intro APR offer, this card’s lack of a rewards program will probably put you off.

Read our U.S. Bank Visa Platinum Card review.

Navy Federal Credit Union Platinum card: Best for no balance transfer fee

Why we picked it: The Navy Federal Credit Union Platinum card is one of the fews cards currently on the market that skips a balance transfer fee. Plus, it comes with a 12-month 0% introductory APR on balance transfers requested within 30 days of account opening. After that, the APR will be a relatively low 5.99% to 18% variable. The 0% intro APR offer on balance transfers expires June 30, 2021.

Pros: The regular APR on purchases (variable 5.99% to 18%) is low, relative to the current industry average. There’s no annual fee.

Cons: There’s no rewards, which, again, can eat into the long-term value of the card. There’s also no 0% introductory APR on purchases. You have to join the Navy Federal Credit Union to apply for the card. To do so, you must be a veteran, have current ties to the armed forces, Department of Defense, or National Guard, or have an immediate family member with a Navy Federal membership.

Who should apply? If you meet the credit union’s eligibility requirements, this card can save you a chunk of change on a balance transfer given it doesn’t charge a balance transfer fee. (Most issuers charge between 3% and 5% of the transferred balance, so if you were transferring a $5,000 balance to this card, you could potentially save yourself between $150 and $250 in fees.)

Who should skip? Reward-seekers, this card can offer you a lot of things but a rewards program isn’t one of them.

Read our Navy Federal Credit Union Platinum card review.

Comparing the best balance transfer credit cards

Credit cardBest forBalance transfer intro APR offerRegular APR
Wells Fargo Active Cash℠ Card2% cash rewards0% intro APR for 15 months from account opening on qualifying balance transfers made in first 120 days14.99% to 24.99% variable
Bank of America® Unlimited Cash Rewards credit cardUnlimited cash back for Preferred Rewards members0% intro APR on transfers made within the first 60 days for 15 billing cycles13.99% – 23.99% variable
BankAmericard® credit cardLow interest0% intro APR for 18 billing cycles, for transfers made in first 60 days12.99%-22.99% variable
Citi® Diamond Preferred® CardBalance transfers0% intro APR for 18 months, for transfers made within the first 4 months13.74%-23.74% variable
Citi Custom Cash℠ CardAutomatically maximizing rewards0% intro APR for 15 months13.99% to 23.99% variable
Wells Fargo Platinum card0% intro APR0% intro APR for 18 months, on qualifying transfers made in first 120 days16.49%-24.49% variable
Citi Simplicity® Card0% intro APR + low fees0% intro APR for 18 months on balance transfers completed within the first four months of account opening14.74%-24.74% variable
Bank of America® Customized Cash Rewards credit cardEveryday spending0% intro APR for 15 billing cycles, for transfers made within first 60 days13.99%-23.99% variable
Citi® Double Cash CardCash rewards0% intro APR for 18 months13.99%-23.99% variable
Chase Slate Edge℠2% APR reduction0% intro APR for for the first 12 months from account opening14.99% – 23.74% variable APR
Citi Rewards+® CardSupermarkets and gas stations0% intro APR for 15 months from date of first transfer13.49%-23.49% variable

What is a balance transfer credit card?

According to a CreditCards.com poll, 51% of U.S. adults with credit card debt have added to it during the pandemic. Credit card balances often end up costing consumers who are already experiencing financial hardship hundreds or more in interest charges, making it even more difficult to pay off debt. That’s where a balance transfer card comes in.

A balance transfer card allows you to move your credit card debt from older cards to a new card, often with a lower interest rate. The main benefits of a balance transfer credit card include:

  • Avoid interest. This is a great tool for temporarily avoiding interest charges since many offer a 0% intro offer of six to 18 months. By paying no interest for a period of time, you’ll save money on interest, pay over a shorter period of time and pay less overall.
  • Consolidate debt. If you are looking to simplify payments into one bill, a balance transfer card is an option. This can help ensure you pay on time because you only have one bill to worry about.

In light of the pandemic, risk-averse lenders have tightened the qualifications for balance transfer credit cards. You’ll need a good to excellent credit score (think 720 or higher) in order to be approved. If you’re unsure what cards best match your credit profile, our CardMatch tool can point you in the right direction without dinging your credit score.

What is a balance transfer fee?

Credit cards typically make their profit through fees and interest charges. When a card presents a 0% intro APR offer on a balance transfer, it’s losing out on the interest charges you would normally pay for carrying a balance into the next month. To help make up for that, issuers will usually charge a balance transfer fee.

You pay a balance transfer fee when you make a transfer from one card to another. The card issuer taking over the balance charges the fee, which is usually 3%-5% or $5-$10, whichever is greater. While difficult, it’s not impossible to negotiate a lower balance transfer fee. A precious few waive any balance transfer fees, and when they do, they may not have the rewards or longer offer you might be looking for.

How to save money with a credit card balance transfer

So why would you get a balance transfer card? Here’s the deal: They often come with a temporary 0% interest rate. But instead of the endless game of transferring your debt, we advise you to pay off the balance before the offer ends. This can easily save you hundreds of dollars, provided you pay the bulk of the debt before the 0% APR offer ends. Offers can be for 6 months to 18 months, taking you well into 2022.

If you don’t pay off the balance before the offer ends, the go-to rate, usually the regular APR, kicks in. But it’s not deferred. So, if you have a $3,000 balance, and you pay $2,400 before the offer ends, you will only pay interest on the remaining $600.

Look into low interest offers

If you anticipate that you might still have a balance after the 0% intro APR offer ends, take a look at balance transfer cards with low interest rates. Here are a couple we like.

Keep in mind that the better your credit, the lower your regular APR will likely be on a card. Taking a look at the Alliant Visa, imagine you will owe $600 and you plan to pay $100 a month. If you get the APR rate of 22.24%, you will owe $43 in interest. If you get the APR rate of 10.24%, you will owe $19 in interest, more than half that of the higher interest rate. That said, it’s always best to pay down all of your debt before the 0% intro APR offer of a balance transfer card ends. However, if that’s not possible, a card that has relatively low interest could be a life-saver.

Understand your savings

There are a number of items that will cut your costs when looking at a balance transfer card, including annual fee, balance transfer fees, length of offer and whether you will have a balance when the offer ends. Here, we put it all together, with the amount owed for both at $3,000 and the monthly payment at $200. One example has a balance transfer fee and the other does not:

Credit cardBalance transfer fee0% intro APR offerInterest paidAnnual feeSavings after fees and interest
Citi® Diamond Preferred®$9018 months, then 13.74%-23.74% variable$0$0$253
Navy Federal® Platinum Credit Card$012 months, then 5.99%-18.00% variable$16, when paying 15% for remaining $600 at $200 a month$0$327

How to make the most of your balance transfer credit card

  • Look into high-limit credit cards. It’s possible to get approved for a card, but at a lower credit limit than the balance you’re looking to transfer. To increase the odds of qualifying for a credit limit that covers the full amount you’re trying to pay off, consider applying for these balance transfer cards that could offer you a high limit based on your creditworthiness.
  • Avoid new, unplanned charges. While you might have a balance transfer credit card that offers rewards on spending or a 0% intro APR on new purchases for a limited time, make sure you have a plan before making new charges. That way, you don’t go into further debt. Focus instead on paying the transferred balance off before the card’s regular APR applies.
  • Set up auto-payments to ensure you don’t miss a monthly bill. This step is particularly important with balance transfer credit cards, given some issuers stipulate that their promotional terms are contingent on an account being in good standing (meaning a late payment can cost you that 0% introductory APR even if the promotional period hasn’t ended). Plus, late fees and penalty APRs will only add to your debt load.
  • Pay off your balance before the promotional APR period ends. Many balance transfer credit cards charge average-to-high go-to interest rates, depending on your credit, so if you don’t pay balances back by the time the 0% introductory APR expires, you’ll risk foregoing any savings and getting caught in a cycle of debt. Draft a payment plan and consider redoing your budget to ensure you’re out of the red by the deadline.

Who should get a balance transfer credit card?

Pros: When does a balance transfer make sense?

  • Avoid paying high interest. If you want to avoid interest rates for a period of time, a balance transfer credit card is a great way to achieve that, because many of these cards offer a 0% intro APR. Keep in mind that you will pay interest on any balance you have after the offer ends (typically 6-18 months), but if you can pay off the debt before that, you can save hundreds of dollars.
  • Consolidate debt. With a balance transfer card, you can consolidate debt from multiple cards, then pay a single bill each month. You might do this for convenience or for budgeting purposes.
  • Improve your credit score. Once you’ve paid off your balance, you might have improved your credit score, notably your credit utilization ratio . You will also have a higher overall credit limit. By expanding available credit and paying down debt, you can improve your score.

Balance transfers are best for: Someone carrying high-interest debt on one or multiple credit cards; someone with good-to-excellent credit who can qualify for the best balance transfer offers; someone looking to simplify their finances or improve their overall financial health

Who shouldn’t get a balance transfer credit card?

Cons: When does a balance transfer not make sense?

  • You keep making late payments. Instead, set up an automatic payment through your bank and schedule it a few days before your due date to be on the safe side.
  • You keep incurring debt. Track your spending for a month, forgetting nothing. Then make a budget that includes room for fun and room for emergencies. Do the same with your credit card spending, and check your spending every week to make sure you are on track.
  • You would not pay off before the offer ends. Instead, look at cards with longer offers, which can be up to 18 months. That will allow you to pay a little less each month, and at the same time avoid interest. You’ll likely have to forgo the shiny object of rewards – you need to choose your priorities, and paying down debt should be your first consideration.
  • You owe a small amount. Because most balance transfer cards have a balance transfer fee of up to 5% of the transfer, you may want to opt out of a balance transfer card and pay down the debt quickly.

Balance transfers are not best for: Someone with fair-to-bad credit that can’t qualify for the best balance transfer offers; someone who ultimately won’t save money on the transfer once they account for the balance transfer fee; someone who might be saddled with a higher APR if they can’t pay off the transferred balance (or at least a significant portion of it) before the promotional APR expires

How to choose a balance transfer credit card

When assessing your balance transfer card options, consider the following:

  • Your credit score. Most balance transfer cards require good or excellent credit, so watch out for that. You don’t want to apply for multiple cards or apply for a card you don’t have a good chance of landing, so be careful of that as well.
  • The introductory offer. The length of offer is a top concern, because it means you might have more time to pay off your balance.
  • Terms and conditions. A few balance transfer cards offer no balance transfer fee, and most offer no annual fee. Check for other terms, such as deadlines for when the transfers have to be made by.
  • Rewards. Some balance transfer cards offer rewards, although those cards usually have a shorter 0% intro offer. That said, if you are looking for a card for the long haul, rewards may be something to consider.

How to do a balance transfer

If you’re considering a balance transfer card, you may be wondering how much work goes into moving the balance from one card to another. Overall, the process is relatively simple on the end of the cardholder. Here are the steps you should follow:

  1. Check the rules. Pay attention to the rules, because some cards require the transfer to be made within 60 days of approval. Many issuers include this information in their marketing materials, but you can verify the details by referencing a card’s Schumer Box, a standardized disclosure form that helps people compare card offers easily, or in a card’s full terms and conditions. Other important information to note includes the balance transfer fee you’ll be paying (usually 3% or 5% of the transferred balance) and how long you have to pay the transferred debt back before the regular APR kicks in.
  2. Collect your information. Next, gather the account details for the card that has the debt – referred to as the “transfer from” card – including the account number and card balance. You’ll need to provide this information to the issuer of your new balance transfer credit card.
  3. Contact customer service. After receiving your balance transfer card, call customer service and inform them that you want to transfer a balance onto your new card. Some issuers allow you to request a balance transfer online, so you can alternately try logging into your new account to get the process started. Once you provide the new issuer with the necessary information, they will reach out to the old card company and move the requested amount onto your new card. (Technically, the new issuer pays off the balance on your old card and charges that amount, plus any applicable balance transfer fee, to your new card.)
  4. Keep paying the minimum. We recommend that you pay the minimum amount on your old card until the transfer closes to avoid late fees and other penalties. Balance transfers typically take between five days to six weeks to complete.
  5. Monitor your accounts. That way, you’ll know that the balance transfer has officially completed. (The balance will show up as paid on your old card and appear as an outstanding balance on your new card.)
  6. Carefully consider if (and when) you should close your old card. Doing so before you have a chance to pay down the balance on the new card could negatively affect your credit utilization rate and, subsequently, your credit score. In fact, closing the card in general might ding your credit, given scoring models look favorably on people who are using less than 20% of their available credit (in total and on individual cards.) Having said that, if that available credit is going to entice you to overspend, you may, in fact, be best-served by canceling the old account.

Note: The balance transfer process varies slightly from issuer to issuer. We’ve put together the resources below to provide more details on how each major credit card company conducts them.

Survey: 51% of U.S. adults have added to their credit card debt during the pandemic

The coronavirus continues to take a toll on Americans’ health and financial well-being.

Just over half (51%) of U.S. adults have added to their credit card debt during the pandemic, according to a recent poll by CreditCards.com – and nearly half of those adults (44%) specifically blame the pandemic for their burgeoning balances.

“The economic effects of the pandemic have caused many Americans to lose their jobs or leave the workforce to shoulder caregiving responsibilities,” says Ted Rossman, senior industry analyst at CreditCards.com. “As a result of this unexpected and, in many cases, prolonged drop in household income, people may have turned to credit cards to cover their monthly bills or everyday living expenses.”

The CreditCards.com survey found a majority (70%) of U.S. adults have personal debt of some kind. Fortunately, these respondents feel optimistic about their ability to get out of the red: 64% of debtors believed they would be debt-free within 10 years.

If you are dealing with debt due to the pandemic (or otherwise), there are ways to take more control over your finances. A balance transfer credit card, for instance, can mitigate some of the costs associated with high interest credit card debt by allowing cardholders to transfer an existing balance onto a new credit card offering a 0% introductory APR for a set period of time, usually between 12 to 20 months.

Learn more strategies for paying down credit card debt.

Alternatives to a balance transfer

Get a personal loan

Depending on your situation and the offers available to you, it might make more sense to consolidate your debt with a personal loan. Personal loans can have a lower interest rate than a credit card, and there are a number of options available. See whether a credit card or personal loan is best for you.

Renegotiate your regular APR

This involves simply making a phone call. Check with your card issuer to see if they’ll lower your interest rate. Our research has shown that by calling, fees can get waived and interest rates can be lowered, if you keep things pleasant and you have a good track record with the issuer. Discover more ways to lower your credit card interest rate.

Start a debt avalanche

If you are carrying debt on multiple credit cards, consider using the debt avalanche method to eradicate those balances. The debt avalanche method involves making the minimum payment on all your credit cards while putting any extra funds you can afford toward the balance with the highest interest rate. It can save you on interest and help you get out of the red a bit faster. (Learn more tricks for juggling multiple credit card balances.)

Create an austere budget

This is the toughest option, but perhaps the most straightforward. Instead of applying for a balance transfer card, consider bulking up on your monthly payments and forgo café lattes and restaurants for a while. Tough to do, but you will pay significantly less interest than if you keep paying the minimum.

Consider a debt management program

If you are truly struggling and juggling outstanding balances on multiple accounts, a debt management program run by an accredited non-profit credit counseling agency is an option. These agencies negotiate with your creditors in an attempt to secure lower interest rates, lower monthly payments or get certain fees waived. Once the terms have been agreed upon, you’ll make one lump monthly payment to the credit counseling agency, which, in turn, will pay your creditors. You do pay for the assistance: Credit counseling agencies generally charge an enrollment fee and a monthly fee for their services.

How we picked the best credit cards for balance transfers

Research methodology: We analyzed 1,002 credit cards to identify the top balance transfer credit cards on the market. While a large number of factors contribute to the quality of a credit card, the following were our most important criteria in evaluating and choosing the best balance transfer cards:

  • Length of 0% intro APR period: The longest balance transfer offers on the market currently offer 0% intro APR periods on balance transfers that last between 15 to 18 months. Historically, there have been offers that tout a 0% intro APR on balance transfers for close to two years.
  • Balance transfer fee: Most credit cards charge a balance transfer fee between 3% to 5% of the transferred balance (minimums apply). A few cards have historically skipped the charge or waived the charge if a balance is transferred within a certain time period.
  • Regular APR after the intro period: There’s always a chance that cardholders won’t pay their balance off by the time the 0% introductory APR expires. As such, we considered whether the go-to APR on that balance was reasonable, compared to the current industry average. (See the current average credit card interest rates.)
  • Annual fee: The best balance transfer credit cards minimize the cost of a credit card so cardholders have more money to put toward their balance. As such, we more heavily weighted credit cards with no annual fee.

Our full criteria include: 0% intro APR period for balance transfers, balance transfer fees, regular APR, savings period, current APR assumption, monthly payment assumption, other rates and fees, customer service, credit needed, security, ease of application, potential rewards and miscellaneous benefits.

More information on balance transfer credit cards

For more information on all things balance transfer cards, continue reading content from our credit card experts:


Frequently Asked Questions