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Browse the Best Balance Transfer Credit Cards

Struggling to find the best balance transfer credit cards? At BestCards.com we have a selection of the best balance transfer cards from the biggest banks and regional credit unions. Browse offers below.

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State Farm® Good Neighbor Visa®

State Farm® Good Neighbor Visa®
  • Regular Purchase APR 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 25.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Intro Purchase APR 0% for 12 months
  • Processing Network Visa
Best Benefits
  • No annual fee
  • 0% introductory APR on purchases and balance transfers for the first 12 months
  • $600 in cell phone protection
Rates & Fees
  • Intro Purchase APR: 0% for 12 months
  • Regular Purchase APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 12 months
  • Balance Transfer APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater
  • Cash Advance APR: 25.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either 5% of the amount of each advance or $10 minimum, whichever is greater
  • Foreign Transaction Fee: 3% of each foreign transaction
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

Upgrade Visa® Card with Cash Rewards

Upgrade Visa® Card with Cash Rewards
  • Regular Purchase APR 8.99%-29.99% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good , Fair
  • Processing Network Visa
Best Benefits
  • Earn 1.5% unlimited cash back on card purchases every time you make a payment
  • Combine the flexibility of a card with the low cost and predictability of a loan
  • $0 fees - $0 annual fee, $0 activation fees, $0 maintenance fees
  • No touch payments with contactless technology built in
  • See if you qualify in minutes without hurting your credit score
  • Great for large purchases with predictable payments you can budget for
Rates & Fees
  • Regular Purchase APR: 8.99%-29.99% variable based on creditworthiness and the Prime Rate
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

AACS Visa Card

AACS Visa Card
  • Regular Purchase APR 15.24% to 25.24%, variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 15.24% to 25.24%, variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Intro Purchase APR 1.99% for 6 months from account opening date
  • Processing Network Visa
Best Benefits
  • Promote Christian Education
  • For every $100 in net merchandise purchases made with this card, Commerce Bank donates $0.50 to AACS
  • No annual fee
  • Competitive interest rates for purchases and balance transfers
Rates & Fees
  • Intro Purchase APR: 1.99% for 6 months from account opening date
  • Regular Purchase APR: 15.24% to 25.24%, variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 1.99% for 6 months from account opening date
  • Balance Transfer APR: 15.24% to 25.24%, variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each Balance Transfer, whichever is greater
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each Cash Advance, whichever is greater
  • Penalty APR: 27.24% variable with the Prime Rate
  • Foreign Transaction Fee: 1% of each transaction in U.S. dollars. 2% of each transaction made in currencies other than U.S. dollars
  • Late Payment Penalty Fee: Up to $40
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

Amegy Bank® AmaZing Cash® Credit Card

Amegy Bank® AmaZing Cash® Credit Card
  • Regular Purchase APR 10.75% to 18.25% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 10.75% to 18.25% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 22.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Intro Purchase APR 0% for 6 months on transfers from account opening date
  • Processing Network Visa
Best Benefits
  • Earn 1% cash back on every purchase
  • 0% intro purchase APR for 6 months
  • 0% intro balance transfer APR for 12 months
  • Low regular rates
  • Extra savings from AmaZing Deals
Rates & Fees
  • Intro Purchase APR: 0% for 6 months on transfers from account opening date
  • Regular Purchase APR: 10.75% to 18.25% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 12 months on transfers made within 60 days from account opening date
  • Balance Transfer APR: 10.75% to 18.25% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 22.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $2 or 2% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $35
  • Return Payment Penalty Fee: Up to $25
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

Arvest Bank Visa® Classic Card

Arvest Bank Visa® Classic Card
  • Regular Purchase APR 19.4% variable based on the Prime Rate
  • Balance Transfer APR 19.4% variable based on the Prime Rate
  • Cash Advance APR 19.4% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Fair
  • Intro Purchase APR 0% for the first 12 months
  • Processing Network Visa
Best Benefits
  • No annual fee
  • 0% introductory APR on purchases and balance transfers
  • 25-day grace period on purchases
  • Enroll in Arvest Flex Rewards at no additional cost
Rates & Fees
  • Intro Purchase APR: 0% for the first 12 months
  • Regular Purchase APR: 19.4% variable based on the Prime Rate
  • Intro Balance Transfer APR: 0% for the first 12 months
  • Balance Transfer APR: 19.4% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each balance transfer, whichever is greater
  • Cash Advance APR: 19.4% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $4 or 4% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 1% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: $20
  • Return Payment Penalty Fee: $25
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

Arvest Bank Visa® Gold Card

Arvest Bank Visa® Gold Card
  • Regular Purchase APR 15.4% variable based on the Prime Rate
  • Balance Transfer APR 15.4% variable based on the Prime Rate
  • Cash Advance APR 15.4% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Good
  • Intro Purchase APR 0% for the first 12 months
  • Processing Network Visa
Best Benefits
  • No annual fee
  • 25-day grace period on purchases
  • Enroll in Arvest Flex Rewards at no additional cost
Rates & Fees
  • Intro Purchase APR: 0% for the first 12 months
  • Regular Purchase APR: 15.4% variable based on the Prime Rate
  • Intro Balance Transfer APR: 0% for the first 12 months
  • Balance Transfer APR: 15.4% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each balance transfer, whichever is greater
  • Cash Advance APR: 15.4% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $4 or 4% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 1% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: $20
  • Return Payment Penalty Fee: $25
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

Security Service Power Mastercard®

Security Service Power Mastercard®
  • Regular Purchase APR 7.49% to 16.74% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 8.90% to 9.90% variable based on creditworthiness
  • Cash Advance APR 7.49% to 16.74% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good , Fair
  • Processing Network Mastercard
Best Benefits
  • Low APRs on purchases and cash advances
  • Even lower fixed rate APRs on balance transfers
  • Balance transfer fees capped at $200
  • No annual fee
Rates & Fees
  • Regular Purchase APR: 7.49% to 16.74% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 8.90% to 9.90% variable based on creditworthiness
  • Balance Transfer Transaction Fee: Up to 2% of the transfer amount, with a $200 cap
  • Cash Advance APR: 7.49% to 16.74% variable based on creditworthiness and the Prime Rate
  • Cash Advance Transaction Fee: Up to 2% of the amount of each cash advance
  • Foreign Transaction Fee: Up to 1.10% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $25
  • Return Payment Penalty Fee: Up to $20
Credit Card Deals
card
Over 150,000 hotels in top destinations. Book now! Reservations.com Offer Expires on Jan 01, 2023 See Details
card
33% + Extra 10% off Hotel Stays Longer Than 7 Nights. OYO Hotels Offer Expires on Dec 12, 2021 See Details
card
Bundle Sale: Get 35% off Tuffy Stereo Security Console and $75 off Alpine Radio. Morris 4x4 Offer Expires on Dec 12, 2050 See Details
card
FREE Shipping and returns with any MOLECULE purchase. MOLECULE Offer Expires on Jan 01, 2099 See Details
card
New Customers Offer - 15% off Your First Order of Contacts Plus Free shipping. Coastal.com Offer Expires on Jun 06, 2025 See Details
card
50% off Starter Kits. Candid Offer Expires on Dec 12, 2050 See Details
card
Shop New Textbooks with Free Shipping! AbeBooks Offer Expires on Jan 01, 2099 See Details
card
Special Offer 49% Off an Annual Membership! Receive 12-Months for Only $59.95! ABCmouse.com Offer Expires on Jan 01, 2099 See Details
card
Save 5% AVIS Offer Expires on Dec 12, 2030 See Details
card
Save 5% Budget Offer Expires on Dec 12, 2030 See Details

BrightStar Credit Union Visa Platinum Card

BrightStar Credit Union Visa Platinum Card
  • Regular Purchase APR 8.99% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 8.99% to 18% variable based on the Prime Rate
  • Cash Advance APR 8.99% to 18% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Good , Fair , Poor
  • Processing Network Visa
Best Benefits
  • 3.99% introductory APR for 6 months on balance transfers
  • Low regular APR
  • No annual fee
  • No balance transfer fees
  • Credit limits of up to $50,000
  • Low cash advance and foreign transaction fees
Rates & Fees
  • Regular Purchase APR: 8.99% to 18% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 3.99% for 6 months on transfers made within 60 days from account opening date
  • Balance Transfer APR: 8.99% to 18% variable based on the Prime Rate
  • Cash Advance APR: 8.99% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance Transaction Fee: $1 ATM Cash Advance Fee
  • Foreign Transaction Fee: up to 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $25
  • Return Payment Penalty Fee: Up to $25
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

Amegy Bank® AmaZing Rate® Credit Card

Amegy Bank® AmaZing Rate® Credit Card
  • Regular Purchase APR 8.75% to 14.75% variable based on the Prime Rate
  • Balance Transfer APR 8.75% to 14.75% variable based on the Prime Rate
  • Cash Advance APR 22.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Intro Purchase APR 0% for 6 months from account opening date
  • Processing Network Visa
Best Benefits
  • 0% intro APR on balance transfers made in the first 12 months
  • 0% intro APR on purchases for 6 months
  • Low regular rate
  • Savings with AmaZing Deals
  • No annual fee
Rates & Fees
  • Intro Purchase APR: 0% for 6 months from account opening date
  • Regular Purchase APR: 8.75% to 14.75% variable based on the Prime Rate
  • Intro Balance Transfer APR: 0% for 12 months on transfers made within 60 days from account opening date
  • Balance Transfer APR: 8.75% to 14.75% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 22.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $2 or 2% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $35
  • Return Payment Penalty Fee: Up to $25
Credit Card Deals
card
Save up to 30% on prescription refills 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Buy now, pay later with PayPal. Buckle Offer Expires on Sep 09, 2021 See Details
card
Save 20% off sitewide 1800flowers.com Offer Expires on Jul 07, 2022 See Details
card
Enjoy free standard shipping when you spend $49+ 1-800-PetMeds Offer Expires on Dec 12, 2022 See Details
card
Save 5% at La Quinta Inns & Suites La Quinta Inns & Suites Offer Expires on Dec 12, 2021 See Details
card
Get 10% off when you book online GO Shuttle Offer Expires on Oct 10, 2021 See Details
card
Save 3% on all purchases Boost Mobile Offer Expires on Jan 01, 2022 See Details
card
Rent a Wheels pedal-less E-Bike for safe and efficient Wheels Labs, Inc. Offer Expires on Aug 08, 2021 See Details
card
Save 8% on all purchases Godiva Offer Expires on Aug 08, 2021 See Details
card
Save 1% on all purchases over $40 Red Robin Offer Expires on Dec 12, 2021 See Details

First Hawaiian Bank Heritage Card

First Hawaiian Bank Heritage Card
  • Regular Purchase APR 16.24% variable based on the Prime Rate
  • Balance Transfer APR 16.24% variable based on the Prime Rate
  • Cash Advance APR 18%
  • Annual Fee None
  • Credit Needed Good , Fair
  • Intro Purchase APR 2.99% for 8 months from account opening date
  • Processing Network Mastercard
Best Benefits
  • No annual fee
  • Low Introductory APR for 8 months on purchases
  • Low introductory APR for 8 months on balance transfers
  • Access to Mastercard® benefits
Rates & Fees
  • Intro Purchase APR: 2.99% for 8 months from account opening date
  • Regular Purchase APR: 16.24% variable based on the Prime Rate
  • Intro Balance Transfer APR: 2.99% for 8 months for transfers made within 30 days from account opening date
  • Balance Transfer APR: 16.24% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 18%
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: 18%
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
Credit Card Deals
card
Over 150,000 hotels in top destinations. Book now! Reservations.com Offer Expires on Jan 01, 2023 See Details
card
33% + Extra 10% off Hotel Stays Longer Than 7 Nights. OYO Hotels Offer Expires on Dec 12, 2021 See Details
card
Bundle Sale: Get 35% off Tuffy Stereo Security Console and $75 off Alpine Radio. Morris 4x4 Offer Expires on Dec 12, 2050 See Details
card
FREE Shipping and returns with any MOLECULE purchase. MOLECULE Offer Expires on Jan 01, 2099 See Details
card
New Customers Offer - 15% off Your First Order of Contacts Plus Free shipping. Coastal.com Offer Expires on Jun 06, 2025 See Details
card
50% off Starter Kits. Candid Offer Expires on Dec 12, 2050 See Details
card
Shop New Textbooks with Free Shipping! AbeBooks Offer Expires on Jan 01, 2099 See Details
card
Special Offer 49% Off an Annual Membership! Receive 12-Months for Only $59.95! ABCmouse.com Offer Expires on Jan 01, 2099 See Details
card
Save 5% AVIS Offer Expires on Dec 12, 2030 See Details
card
Save 5% Budget Offer Expires on Dec 12, 2030 See Details

What is a Balance Transfer Credit Card?

A balance transfer credit card is a type of credit card offer meaning that cardholders can transfer credit card debt from multiple cards onto one in order to consolidate the amount owed. This is a popular debt management strategy, because having all your credit card debt compiled in one place can potentially reduce overall costs.

Balance transfer cards are a great way to avoid the origination costs that come from personal loans, and may offer additional bonuses, like cash back, points, or 0% intro APR for up to 18 months on purchases.

Many of the best credit card balance transfer offers include features to simplify your payments and save you money. When applying for a balance transfer card, you’ll want to look for perks like:

  • Long 0% introductory APR periods
  • Low or fixed interest rates
  • Waived balance transfer fees
  • No annual fee

How to Transfer a Credit Card Balance

It helps to know how balance transfers work before you jump into applying for your first balance transfer credit card. Otherwise, you may choose a card that doesn’t fit your situation well and end up compounding your debt, rather than reducing it. Follow these steps to get on the right track toward eliminating your credit card debt:

  1. Examine your current credit cards. It’s important to note the interest rates, fees, balances, and other information for the cards you already have. That way, you can ensure your new card has better terms. You’ll also need to keep track of the issuers, so you’re sure choose a different one; you usually can’t perform same-issuer transfers.
  2. Make a plan for paying off your debt. How fast can you realistically pay off this debt? What is the largest monthly payment you can consistently afford? Questions like these can help you identify the card that fits your needs.
  3. Select and apply for a balance transfer card. Put what you’ve learned about your financial needs and goals into your research to find a card with the right APRs, intro period, and credit limit.
  4. Request the balance transfer. Contact the issuer of your new card either online or over the phone to initiate the transfer of each balance.
  5. Keep up with your payments. The best way to make a balance transfer credit card worthwhile is to make consistent payments.

For more information on this process, you can check out our full article addressing the question “How do credit card balance transfers work?”

The Pros and Cons of Transferring a Credit Card Balance

The main reason to apply for a balance transfer card is because it can make the process of paying off your debt a little easier. When carrying debt across several cards, it can be difficult to know which balance to tackle first, leaving you feeling overwhelmed on all sides. With all of your debt compiled onto one card instead, you can focus your energy in one direction and possibly feel more empowered to tackle your payments.

This approach to debt management may also help you save money in the long run and reduce your risk of defaulting. Rather than juggling multiple cards with variable APRs and fees, you’ll have just one (hopefully low) APR to worry about. That’s where 0% APR $0 balance transfer credit cards come into play.

However, debt consolidation using a balance transfer card isn’t always the most lucrative option. For instance, it’s not as effective if you have student loans and other types of debt as well. It’s also important to make sure you have a payment strategy in place and stick to it. Otherwise, you may cancel out any benefits from transferring your balances in the first place.

Better credit scores also mean longer intro APR periods on things like purchases and balance transfers. Some cards may offer excellent credit score 0% APR for 15 months on balance transfers and purchases, for example.

Keep in mind, however, that transfers must be completed within a set window and do not include fees. Balance transfer fees typically range around $5 or 3% of the amount of each transfer, whichever is greater.

How to Spot the Best Balance Transfer Credit Cards

As with all credit cards, some balance transfer credit cards are better than others. The best one for you will also depend on your own financial circumstances. For that reason, you’ll want to look out for a few features in particular to make sure you get the most out of your new card while you pay off the balance.

No Credit Card Balance Transfer Fee

It’s not often that you find a balance transfer credit card with no fee for balance transfers, which is why it’s considered a standout feature. Some cards waive the fee for the first few months, while others skip it completely. This can save you hundreds of dollars on each transfer, depending on the size. Most credit cards charge at least $5 or 3% of the amount of each transfer, if not more.

Low Regular Interest

The main point in applying for a balance transfer credit card is to get a lower rate than you currently have. That way, you can minimize your interest accrual over time while you pay off your balance.

APRs for low interest credit cards can vary widely depending on your creditworthiness and the size of the issuer. For instance, the best low interest balance transfer card for fair credit at a credit union will look very different than what big banks may offer for the same credit score. You’ll want to make sure you qualify for reasonable rates on whichever card you choose to apply for, as this will affect how beneficial the card is for you.

Long Introductory Period

In order to avoid paying interest on the balance, you’ll want to look for 0% interest balance transfer credit cards. The longer the introductory period, the more time you’ll have to pay off the debt without accruing more interest.

Some of the best options offer 0% APR for anywhere from 12 to 21 months. It’s also important to note any limitations to the introductory period. Specifically, many cards only offer 0% interest for transfers made in the first 60 days from account opening.

Some quality balance transfer credit cards also provide 0% on balance transfers and 0% on purchases for 12 months or more. These cards make financing larger purchases easy and straightforward, as cardholders pay down the balance over 12 months, rather than right away.

High Credit Limit

You’ll want to pay attention to the credit limit available with the card, because you won’t be able to move all of your debt over if it exceeds this amount. This can be tricky to navigate, especially if you have less-than-stellar credit.

While not technically a balance transfer card, the Upgrade Card can be a great option for this situation. This credit line can offer lower rates and higher limits that you would find with most traditional credit card offers. Rather than transferring a balance to the card, you transfer the necessary funds from the credit line to your bank account to pay off your credit cards. The best part is, you can skip balance transfer fees altogether and even pay off other types of debt as well.

Balance Transfer FAQs

Balance transfers can seem confusing – but they don’t have to be. Here are some of the most commonly asked questions about balance transfers and balance transfer credit cards:

  • A balance transfer is a process of taking an existing credit card balance and moving it to a new account with a lower regular APR. These transfers make it easier to pay down balances and often come with intro APR offers.
  • Because these types of cards offer low-interest rates, a good credit score is a minimum requirement for a balance transfer card. Many issuers require an excellent credit score, so a good benchmark for obtaining a card like these is a FICO Score of 700 or higher.
  • Because these cards feature an introductory rate, you might find yourself stuck with more debt than you began. After the promotional period ends, only those with the best credit scores will have the lowest rates. Those with good credit might be paying a higher APR – primarily if they conduct their transfer using a rewards credit card. Other negatives of transferring a balance include:
  • Increasing credit utilization on a single card, which can lower your credit score.
  • Lowering the average age of your credit accounts by opening a new line of credit.
  • A new line of credit also means a further hard inquiry, which can also impact your credit score.
  • While many cards feature 0% intro AR, not all balance transfer cards provide an interest-free period, some cards – especially those from credit unions or smaller banks – may only offer a reduced interest rate. These rates maybe 3.99% or higher, but are often significantly lower than the standard variable APR.
  • While most major card issuers provide a variety of offers, not all currently offer a balance transfer credit card. Most significant issuers and banks, like Chase (Chase Slate Card), Citi (the Citi Simplicity Card), and others, provide balance transfer cards and low APR Cards. Discover also reintroduced its balance transfer card, the Discover It Balance Transfer.
  • In some cases, yes. Some cash back cards, like the Citi Double Cash Card, offer 0% APR on balance transfers and cash back rewards program in one package. Just be sure to pay your statement balance in full before the due date, or you might incur a late fee or penalty APR.

Find Your Balance Transfer Credit Card

The BestCards team works to provide the most up-to-date information and honest reviews on the balance transfer credit cards currently available. Browse our collection of over 800 cards to compare your options, and get valuable guidance from our resource articles. Let us help you find the perfect card for your wallet!

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