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Balance Transfer Credit Cards
Balance transfer credit cards are designed to allow consumers to transfer a higher interest credit card balance onto a credit card with a lower interest rate, which can help save money in finance charges.
When you transfer a balance to a card with a low introductory APR of 0%, the APR will typically stay at this 0% interest level for a specified period of time (assuming you make all your card payments on time), potentially saving you hundreds or even thousands of dollars in interest charges when you compare cards side by side.
At CreditCardAssist.com, we have provided a variety of tips, advice and free information to help guide you in your search to find the top balance transfer card offers available. When you search and compare cards you should start by asking the following questions:
- When will the intro rate on the balance transfers credit card offers expire?
- Does an annual fee apply for the card?
- Will the introductory rate apply to the initial transfer only? Or will it apply to all transfers made over the introductory period?
- Will the introductory rate apply to purchases as well?
- What is the credit card balance transfer interest rate (APR) after the introductory rate ends?
- Are there any applicable transaction fees?
Some credit card issuers will charge expensive transaction fees on balance transfers. Be sure to investigate any applicable fees upfront. You don't want to get surprised with a 3% or 4% transaction fee after the fact. Keep in mind that balance transfer credit card offers are most suitable for individuals with good to excellent credit. Not everyone will qualify for the low "teaser" rate being offered on the card. Be sure to know what introductory rate will apply before you make the initial transfer. So, be sure to thoroughly read the terms and conditions of each specific card offer that you are considering.
Best Balance Transfer Credit Cards - Reviews
If you carry large monthly card balances, this type of card offer is a great way to save money right away and long term especially if you don't switch credit cards often and are looking for one main card to use for the long term. We have listed a variety of the very best balance transfer cards available below.
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Discover® More(SM) Card |
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- 0% introductory rate for 12 months on Balance Transfers*
- 0% introductory rate for 6 months on Purchases*
- One call, we take care of it*
- Talk to a knowledgeable person in less than a minute*
- Easy online Account options that put you in control*
- Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners*
- Timely e-mails to help you avoid fees*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Balance Transfers*
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12 Months*
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9.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
The Discover® More credit card offers cardholders a cash back rebate on purchases of up to 1%, and an attractive 0% APR on purchases for the first 6 months of membership. The intro 0% APR period for the first 12 months on balance transfers is very attractive and this particular feature establishes it as one of the best balance transfer offers currently available in the marketplace
...more info
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Citi® Platinum Select® MasterCard® |
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- 0% APR* on Bal. Transfers and Purchases for Up To 12 Months*
- No Annual Fee*
- Citi Identity Theft Solutions*
- $0 Liability on Unauthorized Purchases*
- Secure, Free Online Account Management*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases, Bal. Transfers*
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Up to 12 Months*
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As low as 6.74%*
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None*
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See Site for Details*
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Excellent Credit*
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Editor's Review:
Some of the best attributes about the Citi® Platinum Select® MasterCard® are the balance transfer features. The 0% intro APR is good for up to 12 months and is applicable on purchases as well. This is a nice added feature for those who anticipate a need for a low ongoing APR for upcoming purchases throughout the year
...more info
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Blue from American Express® |
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- Membership Rewards Express(SM) program*
- 0% APR on Purchases for Up To 12 Months*
- No Annual Fee*
- Low Balance Transfer APR - 2.99% for 12 Months*
- Earn Points that You Can Redeem for Travel, Merchandise, Gift Cards or Unique Entertainment Experiences.*
- Express Approval. Get a Decision in Less Than 60 Seconds*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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Up to 12 months*
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As Low as 10.99%*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
Consumers in the market for a great balance transfer card offer need look no further than Blue from American Express. This is an exceptional card offer for many reasons, one being the great interest rate. Blue from American Express offers a 2.99% introductory rate
...more info
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Blue Cash® from American Express® |
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- Up To 5% Cash Back on Every Day Purchases - Even Gas!*
- 0% Intro APR for Up to 12 Months on Purchases*
- Low Balance Transfer Rate - 2.99% Fixed APR for Twelve Months*
- No Annual Fee*
- Express Approval. Get a Decision in Less than 60 Seconds*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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Up to 12 Months*
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As Low as 11.99%*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
The Blue Cash from American Express credit card is a good choice for those with good or excellent credit who are looking for both a top notch balance transfer card offer and to earn some cash back from their expenditures as well
...more info
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Citi® Diamond Preferred® Rewards |
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- 0% APR* on Balance Transfers for up to 12 Months*
- 5 Reward Points for Every $1 Spent on Purchases at Supermarkets, Drugstores and Gas Stations for 12 Months*
- No Annual Fee and FREE Rewards Program*
- Citi Identity Theft Solutions*
- Price Protection Program*
- $0 Liability on Unauthorized Purchases*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Balance Transfers*
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Up to 12 Months*
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As low as 9.49%*
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None*
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See Site for Details*
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Good Credit*
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Editor's Review:
While the Citi Diamond Preferred® Rewards Card is primarily designed as a reward credit card, it also maintains a 0% intro APR for an extended period (up to 12 months). For card applicants primarily interested in transferring high APR card balances, this card should be considered among the top balance transfer card offers worth noting
...more info
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Capital One® Platinum Prestige |
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- Save with 0% Intro APR Until October 2009 on Purchases and Balance Transfers*
- Then Enjoy a Variable APR, Now 8.9%*
- Save Time and Money By Transferring Higher-Rate Balances So You Can Make One Easy Payment Each Month*
- No Annual Fee*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
N/A*
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N/A*
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8.90%*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
The Capital One® Platinum Prestige card has no balance transfer fees, and there is no annual fee. Overall, this card is one of the most cost-effective credit cards available. The best feature of this card is the very low interest rate on purchases and balance transfers
...more info
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IberiaBank Visa® Platinum Rewards Card |
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- No Annual Fee*
- 0% Introductory APR on Balance Transfers for Your First 6 Billing Cycles*
- Earn 1 Bonus Point for Every $1 in Net Retail Purchases and Redeem Your Points for Hotel Rooms, Gourmet Dinners, Travel, and More*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0%*
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6 Billing Cycles*
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6.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
The IberiaBank Visa® Platinum Rewards Card is a good choice for those that are interested in completing a balance transfer. In addition, it offers a great rewards program that is not typically found with balance transfers credit cards. Cardholders can take advantage of a 0% introductory on all balance transfers
...more info
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Citi CashReturns(SM) MasterCard® |
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- No Annual Fee
- Earn up to 6% Cash Back on Purchases; a Full 1% Cash Back on Every Purchase PLUS an Average 5% Additional Cash Back at 400 Leading Retailers within the Citi Bonus Cash Center*
- Earn a 20% Bonus on the Cash Back Earned on All Purchases for the First 12 Months*
- Checks Will Be Sent Automatically Every Time You Earn $50 - No Calling Necessary*
- 0% APR* on balance transfers for up to 12 months*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Balance Transfers*
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Up to 12 Months*
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As low as 8.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
Through the reward program, the Citi CashReturns(SM) MasterCard® cardholders will earn a 1% rebate on purchases and cash advances, a $50 check will automatically be issued every time $50 CitiDollars have been earned and five CitiDollars for each individual balance transfer transaction of $1,500 or more.
...more info
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Looking for more articles and free information on balance transfer credit cards?
We've provided more articles, tips, advice and resources on balance transfer offers below: - Basics of Balance Transfers - When completing a balance transfer, the outstanding debt (balance) owed on the cardholder's old credit card is transferred to a new credit card with a lower interest rate, and typically occurs when a customer switches from his existing credit card to a new credit card.
- Maximizing Your Balance Transfer Cards - Balance transfer credit cards happen to be one of the most appealing aspects of the credit card business for consumers. They allow many people to take advantage of much lower interest rates and less finance charges on outstanding card balances but
- Quick Step to Debt Consolidation - For anyone in a great deal of credit card-related debt, balance transfer credit cards can be a quick way to consolidate debts while avoiding heavy interest charges on a number of different cards. However, it's important to remember that a balance transfer credit card carries a built-in time limit...
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*Please be sure to see the specific online Balance Transfer Credit Card application for additional details about the terms of the specific card offer that you're interested in. We make a reasonable effort to maintain informational accuracy. However, all information and any details pertaining to each credit card presented are done so without warranty. After clicking on the "Apply Here" button, make sure to review ALL of the conditions and terms pertaining to that offer on the credit card issuer's web site. |
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