2019's best balance transfer rates | finder.com

What are the best balance transfer credit card rates available today?

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Pay no interest for 12 months or more on debt transferred to a new card.

A balance transfer credit card can help you consolidate multiple debts into one convenient monthly payment, typically at a lower APR. Even better, you can do so while paying no interest for a limited time.

Among your balance transfer card choices are those offering 15, 18 and — in a few rare cases — up to 21 interest-free months to get your debt sorted. To find the best no-interest balance transfer deal you’re eligible for, you’ll want to weigh the debts you owe against what you can pay off in the average promo period.

Our pick for a long intro balance transfer period: HSBC Gold Mastercard® credit card

  • 0% intro APR on purchases and balance transfers for the first 18 months from account opening. Then a variable APR of 13.24%, 17.24% or 21.24% will apply.
  • No penalty APR
  • Late fee waiver
  • No foreign transaction fees
  • $0 annual fee
  • $0 liability for unauthorized purchases
  • Terms apply
  • See rates and fees
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Compare 15+ month 0% intro APR balance transfer cards

Name Product Introductory Balance Transfer APR Balance Transfer Fee Recommended Minimum Credit Score
0% for the first 18 months (then 13.24%, 17.24% or 21.24% variable)
$10 or 4% of the transaction, whichever is greater
An 18 months 0% intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
0% for the first 21 months (then 16.24% to 26.24% variable)
$5 or 5% of the transaction, whichever is greater
Enjoy a 0% intro APR for 21 months on balance transfers and for 12 months on purchases.
0% for the first 15 months (then 17.24% to 25.99% variable)
$5 or 3% of the transaction, whichever is greater
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 17.24% to 25.99% variable)
$5 or 3% of the transaction, whichever is greater
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 15.24% to 26.24% variable)
$5 or 3% of the transaction, whichever is greater
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees

Compare up to 4 providers

Compare the best balance transfer credit card rates

Want to save on unnecessary interest when consolidating your credit card debts? Compare the latest 0% balance transfer credit card offers below.

When selecting credit cards with top balance transfer rates, we compared a few simple factors. Among those factors were the length of the intro APR period, standard APR ranges, annual fees, balance transfer fees, bank transfer limitations and transfer limits on each card.

The cards that stood out above the others in one or more of these categories received recognition on our list.

Credit cardBest balance transfer card for0% intro periodRevert APR
Citi Simplicity® CardLong intro APRFirst 21 months your account is open16.24%–26.24% variable
HSBC Gold Mastercard® credit cardLow ongoing rateFirst 18 months your account is open13.24%–21.24% variable
Blue Cash Everyday® Card from American ExpressCashback rewardsFirst 15 months your account is open15.24%–26.24% variable
Chase Slate® credit cardIntro balance transfer fee offerFirst 15 months your account is open17.24%–25.99% variable

How does an interest-free balance transfer work?

A 0% balance transfer card can offer the opportunity for you to transfer most existing debts to a new card offering no interest for a set introductory period — anywhere from 6 to 18 months, sometimes even more. After the intro period, the APR reverts to the rate extended with your application approval.

With these cards, you can transfer existing debt up to the limit you’re allowed, with the benefit of consolidating multiple payments into one. And because your debt accrues no interest, the total you pay to your provider each month is applied directly to your principal.

You may, however, be on the hook for a fee for each transfer. But depending on the total debt you carry, the interest you save by moving your debt to a 0% card can outweigh these fees.

Strong rates make a difference

When you’re looking to consolidate debt, a strong rate can get you to financial freedom faster. And there’s no better interest rate than no interest.

Use our balance transfer calculator to learn how much you can save by transferring existing debt to a no-fee balance transfer credit card. Enter details for up to five credit card balances to see how many months you can shave off your payments and the fees and interest you’ll avoid by transferring what you owe.

How to find the lowest balance transfer rate

Narrow down your offers by weighing the overall benefits of no-balance transfer credit cards:

  • The introductory APR.

    The best offers extend a 0% intro APR on balance transfers for 12 months or more.

  • The introductory period.

    The time you’re allowed to transfer balances can vary. Card providers offer 0% interest from 6 months to 18 months or more. Look for the longest promo you’re eligible for to take advantage of stronger interest savings.

  • Banks you can transfer from.

    Generally, you can’t transfer balances among cards issued by the same provider. It’s not always so clear: Cards can be issued by separate banks but owned by the same institution, which might limit your options.

  • Balance transfer fees.

    You’ll save on interest, but watch for fees. Some cards charge transfer fees equal to 3% to 5% of the balance you’re transferring. Still, with the right card, the interest you’ll save on your debt can outweigh these fees. Some will even waive the fee for a certain period, too.

  • Annual fees.

    While many cards require an annual fee, you can find balance transfer cards with no annual fee.

  • Transfer limits.

    Some cards allow you to transfer balances up to your full approved credit limit, while others only transfer up to a percentage of that limit — say, 70% to 95%. Consider the card’s balance transfer limit to find one that supports your existing debt.

What to avoid with balance transfer credit cards

While a balance transfer credit card comes with many benefits, be on the lookout for potential pitfalls when paying down your debt.

  • Applying too often.

    Each card application requires a hard pull of your credit report, which can shave several points off your score. If you don’t think you can meet the card’s eligibility requirements, look elsewhere. You may also want to leave at least six months between applications to maintain a healthy credit score.

  • Paying less than the minimum.

    To pay down as much of your balance before your 0% promo ends, divide the amount you’re transferring by the number of months you have to pay it down. That way, you know exactly how much you need to repay before the revert rate kicks in.

  • Forgetting the offer end date.

    After your intro period ends, you’ll pay your approved revert rate on any remaining balances. Consider setting a reminder for a few months before your promo expires so that you’re not caught off guard.

  • Racking up additional debt.

    A 0% balance transfer card is most effective if you use it to concentrate on paying down your existing debt. For most cards, new purchases not only accrue higher interest but also get priority for monthly payments.

    Because repayments are applied to new purchases first, you threaten your ability to pay off your transferred debt in time.

How to apply for a balance transfer card

For a more in-depth look at the process, you can read our complete guide to making a balance transfer. The top-level view of it can be condensed into a few steps:

  1. Find the right card. Figure out your budget, compare balance transfer credit cards and select the one that’s going to give you the transfer options you need to make the biggest dent in your debt.
  2. Apply for the card. Follow the steps on the provider’s website and apply for the card of your choice.
  3. Give your balance information. When you’re applying for the credit card, you’ll likely be able to apply for the transfer. Provide the account numbers and amounts for each balance you want to move to your new card.
  4. Wait for approval. Depending on the provider, you could get a decision within minutes.
  5. Activate your card. Once approved, you’ll have to wait for the provider to send out your card and welcome materials. Read through the agreement, and if you’re satisfied with it you can activate your card.
  6. Keep paying down your old cards. It may take up to a few weeks for your balance transfer to go through. Until you receive confirmation that it has, continue making payments to your old accounts to avoid late and missed payment fees.

Bottom line

Finding the right balance transfer card can be your ticket to getting out of debt faster. When narrowing down the right card for you, look for those offering 0% APR on transfers for as long as you’re eligible.

Your best offers will extend a no-interest promo for 12 months or more, giving you plenty of time to pay down your debt, save on unnecessary interest and address your overall financial health.

Frequently asked questions about balance transfer rates

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Jeremy Cabral

Jeremy is finder's Global Head of Publishing & Editorial. Jeremy has been with finder since the very beginning and is part of the founding team working closely with Fred and Frank to build finder.com into the comparison network it is today.

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