FEATURED CARD
Upgrade Card
Credit Line Up to $20,000
- Regular Purchase APR 6.99%-29.99% variable based on creditworthiness and the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good , Fair
- Processing Network Visa
- Choose the Upgrade card with a personal credit line instead of a credit card and enjoy predictable payments on lines from $500-$20,000
- No Fees – No annual fees and no fees to use your card
- Quick and easy application – find out if you qualify in minutes
- Checking your line won’t hurt your credit score
- Free access to credit monitoring, alerts and features to help you understand your credit
- Use wherever Visa is accepted. (cannot be used at an ATM)
- Regular Purchase APR: 6.99%-29.99% variable based on creditworthiness and the Prime Rate
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August 14, 2018
Amex EveryDay® Credit Card
10,000 Membership Rewards® Points + No Balance Transfer Fee
- Regular Purchase APR 12.99% to 23.99% variable based on creditworthiness and Prime Rate
- Balance Transfer APR 12.99% to 23.99% variable based on creditworthiness and Prime Rate
- Cash Advance APR 25.24% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 15 months from account opening date
- Processing Network American Express
- Earn 20% extra points when you make 20+ purchases in a billing period
- 2X points per dollar spent at U.S. supermarkets (up to $6,000)
- 1X points on every other eligible dollar spent
- 0% intro APR on purchases and balance transfers for 15 months
- Intro Purchase APR: 0% for 15 months from account opening date
- Regular Purchase APR: 12.99% to 23.99% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for 15 months on transfers requested within 60 days from account opening date
- Balance Transfer APR: 12.99% to 23.99% variable based on creditworthiness and Prime Rate
- 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: 29.24% variable based on the Prime Rate
- Foreign Transaction Fee: 2.7% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $40
August 15, 2018
Wells Fargo Cash Wise Visa® Card
$150 Cash Rewards Bonus + Unlimited 1.5% Cash Rewards
- Regular Purchase APR 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 25.49% to 27.49% variable based on creditworthiness and the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 15 months
- Processing Network Visa
- $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
- 1.5% cash rewards on everyday purchases
- 1.8% cash rewards earned on purchases when using a qualified mobile wallet (including Apple Pay® and Google PayTM) du
- Intro Purchase APR: 0% for 15 months
- Regular Purchase APR: 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 15 months on transfers made within 120 days from account opening
- Balance Transfer APR: 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 12 months. After that, up to 5% for each balance transfer, with a minimum of $5
- Cash Advance APR: 25.49% to 27.49% variable based on creditworthiness and the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each advance, whichever is greater
- Penalty APR: None
- Annual Fee: None
- Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars
- Late Payment Penalty Fee: Up to $37
- Return Payment Penalty Fee: Up to $37
August 15, 2018
Wells Fargo Propel American Express® card
Earn 30,000 Bonus Points
- Regular Purchase APR 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 25.49% to 27.49% variable based on creditworthiness and the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 12 months from account opening
- Processing Network American Express
- Earn 3X points on dining, travel, gas stations, and streaming services
- Earn 1 rewards point per U.S. dollar spent on other purchases
- Rewards points earning is unlimited and points do not expire as long as your account remains open
- Enjoy cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo credit card
- Receive complimentary discounts or food and beverage items at participating restaurants
- Intro Purchase APR: 0% for 12 months from account opening
- Regular Purchase APR: 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 12 months on qualifying transfers made within 120 days from account opening
- Balance Transfer APR: 13.99% to 25.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Introductory $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each transfer, with a minimum of $5
- Cash Advance APR: 25.49% to 27.49% variable based on creditworthiness and the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $37
- Return Payment Penalty Fee: Up to $37
August 21, 2018
U.S. Bank Cash+™ Visa Signature® Card
Earn Up to 5% Cash Back
- Regular Purchase APR 143.99% 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 23.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent
- Processing Network Visa
- Get a $150 cash back bonus after making $500 in eligible net purchases within the first 90 days of account opening
- Earn 5% cash back on your first $2,000 in combined eligible net purchases each quarter on two categories of your choice
- Earn 2% cash back on one everyday category, like gas stations or grocery stores
- Earn 1% cash back on all other net purchases
- Regular Purchase APR: 143.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 12 months on balances transferred within 60 days from account opening
- 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: 23.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either 4% of the amount of each advance or $10 minimum, whichever is greater
- Foreign Transaction Fee: 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars. 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $35
August 21, 2018
U.S. Bank Cash 365™ American Express® Card
Unlimited 1.5% Cash Back
- Regular Purchase APR 14.99% to 24.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 14.99% to 24.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent
- Processing Network American Express
- Earn a $150 cash back bonus after making $500 in eligible net purchases within the first 90 days of account opening
- Travel more than 100 miles from home and you'll have 24/7 access to medical, legal, and financial help if the unexpected happens
- Receive reimbursement of the price difference on an eligible item purchased entirely with your Card if an identical item is found for a lower price within 30 days of the purchase
- Get your cash back in the form of a statement credit, a direct deposit into your U.S. Bank checking or savings account, or as a rewards card
- Regular Purchase APR: 14.99% to 24.99% 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: 14.99% to 24.99% 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: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either 4% of the amount of each advance or $10 minimum, whichever is greater
- Foreign Transaction Fee: 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars, 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $35
August 27, 2018
BankAmericard® Credit Card
0% APR on Purchases and Balance Transfers for 15 Months
- Regular Purchase APR 14.49% to 24.49% variable based on creditworthiness and Prime Rate
- Balance Transfer APR 14.49% to 24.49% variable based on creditworthiness and Prime Rate
- Cash Advance APR 17.49% to 26.49% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for the first 15 months from closing date of account opening
- Processing Network Mastercard
- No balance transfer fees for the first 15 months from the date of account opening
- No penalty APR for late payments
- No annual fee
- Access your FICO® Score for free
- Intro Purchase APR: 0% for the first 15 months from closing date of account opening
- Regular Purchase APR: 14.49% to 24.49% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for 15 months on transfers made within 60 days of account opening
- Balance Transfer APR: 14.49% to 24.49% variable based on creditworthiness and Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 17.49% to 26.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $28
August 29, 2018
Wells Fargo Rewards® Card
0% Intro APR for 15 Months
- Regular Purchase APR 17.99% to 26.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 17.99% to 26.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 25.49% to 27.49% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent
- Intro Purchase APR 0% for 15 months
- Processing Network Visa
- Ern 3x points on popular categories and 1x points on all other purchases
- 0% introductory APR for 15 month on purchases and balance transfers
- Flexibility to use points toward travel, gift cards, merchandise, cash redemption, and more
- Account protection features such as Zero Liability for promptly reported unauthorized transactions, rapid alerts , cell phone protection
- Intro Purchase APR: 0% for 15 months
- Regular Purchase APR: 17.99% to 26.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 15 months on transfers made within 120 days from account opening
- Balance Transfer APR: 17.99% to 26.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5
- Cash Advance APR: 25.49% to 27.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each advance, whichever is greater
- Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars
- Late Payment Penalty Fee: Up to $37
- Return Payment Penalty Fee: Up to $37
August 29, 2018
Chase Slate® Credit Card
0% Intro APR for 15 Months + $0 Balance Transfer Fees
- Regular Purchase APR 16.49% to 25.24% variable based on creditworthiness and Prime Rate
- Balance Transfer APR 16.49% to 25.24% variable based on creditworthiness and Prime Rate
- Cash Advance APR 26.49% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 15 months from account opening date
- Processing Network Visa
- 15 months of 0% introductory APR for purchases and balance transfers
- No balance transfer fees during the first 60 days
- No penalty APR
- Get fraud alerts via phone, text, or email
- Intro Purchase APR: 0% for 15 months from account opening date
- Regular Purchase APR: 16.49% to 25.24% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for 15 months from account opening date
- Balance Transfer APR: 16.49% to 25.24% variable based on creditworthiness and Prime Rate
- Balance Transfer Transaction Fee: $0 on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater
- Cash Advance APR: 26.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
- Foreign Transaction Fee: 3% of each transaction in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
August 29, 2018
USAA Military Affiliate American Express® Card
0% APR for 12 Months on Balance Transfers
- Regular Purchase APR 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Annual Fee None
- Credit Needed Good
- Processing Network American Express
- 2,500 bonus points credited to your account with your first purchase
- Collision damage waiver coverage pays for physical damage and theft to most rental vehicles
- Identity theft resolutions services provides assistance should you become the victim of identity theft
- Extended warranty extends your manufacturers or U.S. store brand warranties for up to one year
- Regular Purchase APR: 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for the first 12 months from account opening
- Balance Transfer APR: 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: 3% of the amount of each transfer (maximum fee per transfer $200)
- Cash Advance APR: 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Cash Advance Transaction Fee: 3% of the amount of each cash advance (maximum fee for each convenience check: $200). Fee waived when transferring funds electronically to a USAA deposit account
- Late Payment Penalty Fee: Up to $35
- Return Payment Penalty Fee: Up to $35
August 29, 2018
USAA Military Affiliate Visa Signature® Card
0% APR for 12 Months on Balance Transfers
- Regular Purchase APR 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Annual Fee None
- Credit Needed Good
- Processing Network Visa
- 2,500 bonus points credited to your account with your first purchase
- Collision damage waiver coverage pays for physical damage and theft to most rental vehicles
- Identity theft resolutions services provides assistance should you become the victim of identity theft
- Extended warranty extends your manufacturers or U.S. store brand warranties for up to one year
- Regular Purchase APR: 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for the first 12 months from account opening
- Balance Transfer APR: 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: 3% of the amount of each transfer (maximum fee per transfer $200)
- Cash Advance APR: 12.40% to 27.40% variable based on creditworthiness and the Prime Rate
- Cash Advance Transaction Fee: 3% of the amount of each cash advance (maximum fee for each convenience check: $200). Fee waived when transferring funds electronically to a USAA deposit account
- Late Payment Penalty Fee: Up to $35
- Return Payment Penalty Fee: Up to $35
What is a Balance Transfer Credit Card?
A balance transfer credit card is an offer that allows cardholders to 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.
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
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.
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.
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:
- 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.
- 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.
- 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.
- Request the balance transfer. Contact the issuer of your new card either online or over the phone to initiate the transfer of each balance.
- 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?”
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% interest 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.
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.
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!
