Balance transfer credit cards | finder.com

Balance transfer credit cards

Save money on interest by moving your balance to a lower APR. Ideal for consolidating debt and simplifying bills, these credit cards offer an intro 0% APR period. Compare their benefits and perks to find a card that best meets your financial goals.

Chase Freedom Unlimited®

  • New offer! Double cash back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
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Chase Freedom®

  • 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
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Blue Cash Everyday® Card from American Express

  • Earn a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • You spoke, we listened. Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms apply.
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American Express Cash Magnet® Card

  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership.
  • Unlimited 1.5% cash back on your purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • $0 plan fees for plans set up during your first 15 months of card membership with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee.
  • You spoke, we listened. Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
  • No annual fee.
  • Terms apply.
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HSBC Gold Mastercard® credit card

  • 0% intro APR on purchases and balance transfers for the first 15 months from account opening. Then a variable APR of 14.24%, 20.24% or 25.24% will apply.
  • No penalty APR.
  • Late fee waiver.
  • No foreign transaction fees.
  • $0 annual fee.
  • $0 liability for unauthorized purchases.
  • Terms apply.
  • See rates & fees
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HSBC Cash Rewards Mastercard® credit card

  • Earn unlimited 1.5% cash rewards on all purchases.
  • Earn an Introductory 3% cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases
  • 10% anniversary bonus on all cash rewards earned once a year.
  • No annual fee.
  • 0% intro APR for 12 months on purchases and balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
  • No foreign transaction fees.
  • $0 liability for unauthorized purchases.
  • Terms apply.
  • See rates & fees
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Luxury Card Mastercard® Gold Card™

  • 24k gold-plated card
  • 2% point value when you redeem for airfare or cash back
  • Enjoy 24/7 access to Luxury Card Concierge
  • $200 annual airline credit toward qualifying airline purchases
  • $100 Global Entry application fee credit
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How to choose a balance transfer card

When picking out a balance transfer card, consider factors like:

  • Intro APR. Many cards offer a 0% intro APR on balance transfers and purchases.
  • Length of intro APR. Some cards offer intro periods of 15 months or longer.
  • Revert rate. Be aware of the APR you’ll pay on remaining balances after the intro period expires.
  • Balance transfer fee. No fee is ideal, but otherwise look for the lowest fee you’re eligible for on each transfer.
  • Annual fee. A card without an annual fee keeps more money in your pocket.
  • Other fees and rates. Understand each card’s possible charges to avoid unexpected fees.
  • Other card benefits. Some balance transfer cards allow you to earn rewards or include other useful perks.

What are the benefits of a balance transfer credit card?

  • Saves you money. A low interest rate keeps more cash in your pocket and slashes unnecessary interest on purchases made long ago.
  • Gets you out of debt faster. Low interest allows you to pay down your debt more quickly by applying more of your monthly payment toward your principal balance.
  • Simplifies your finances. Transferring the balances of multiple debts can consolidate many monthly payments into just one bill.

How do I apply for a balance transfer credit card?

Applying for a balance transfer credit card is just like applying for any other card, only you list your creditors and the amounts you wish to pay to each. Eligibility varies by provider, but they’re typically open to permanent residents of the US who are at least 18 years old — or your state’s age of majority.

After you’ve confirmed your eligibility and weighed the APRs, intro periods and fees of all your options, complete your balance transfer credit card application with your personal information and financial details. Carefully read and understand the terms and conditions of your card before submitting it.

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