As the publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.
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.
Blue Cash Everyday® Card from American Express
American Express Cash Magnet® Card
HSBC Gold Mastercard® credit card
HSBC Cash Rewards Mastercard® credit card
Luxury Card Mastercard® Gold Card™
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.