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Balance transfer credit card offers
Save money on interest and earn rewards on purchases.
If your debt is accruing a high interest, a balance transfer credit card could help you lower your interest payments. Depending on the balance transfer card, you could even earn rewards on purchases.
Best balance transfer offers
There are many different types of balance transfer cards out there. Calculate your debt and assess your needs to choose a card that’s right for you.
- 0% intro APR on balance transfers for the first 15 months, then 14.49% to 25.49% variable.
How we selected our top cards
We considered several factors when comparing balance transfer cards, including the presence of an introductory APR, the length of the introductory period, balance transfer fees, balance transfer limits, time frames for balance transfers and other perks or reward programs that consumers might look for in a balance transfer card.
What’s changed in 2020
The Citi Simplicity® Card kept the longest intro APR period for this year, although some customers reported that they’ve seen a shorter intro APR period on the Citi website. The U.S. Bank Business Cash Rewards World Elite™ Mastercard® dropped its intro APR period on balance transfers, leaving the top spot for businesses.
Our pick for a balance transfer intro of 21 months
Citi Simplicity® CardRead more
Compare balance transfer credit cards
How to find the best balance transfer offer for you
There are different types of balance transfer cards, and one might work better for you than the others. Here are a few types you may want to consider.
- 0% intro APR
Many balance transfer cards offer a 0% intro APR to entice new customers. However, consider what else is important to you.
For example, you may have to settle for a slightly shorter interest-free period if you want rewards. Or you can pass on earning rewards in favor of a market-leading 0% intro APR.
- Longest intro period
Balance transfer promotions can extend for impressive periods — up to almost two years. However, these cards rarely offer additional perks. If you’re only looking to move your balance from another card and save money on interest, this type of cards may be worth considering.
- High-limit balance transfers
Different providers will cap your balance transfer maximum at different limits. With some cards, you may be able to transfer up to 100% of your credit limit. With other cards, you may be able to transfer only up to 75% of your credit limit. However, all of these cards have a limit. For example, you may transfer up to 100% of your credit limit, but it may not exceed $15,000.
If a high balance transfer limit is important to you, check with your provider to learn its rules.
- No fee
With some cards, you won’t have to pay balance transfer fees for a certain period, or at all. If a card comes with no balance transfer fees at any time, it’s likely you have to make your transfers within a certain period. Typically, this is within your first 60 days. Alternatively, the $0 balance transfer fee may start to apply after the intro APR period ends.
Balance transfer credit cards can be a great option if you’re paying high interest on another credit card. Once you make the transfer, you can get more than a year of an interest-free period. You can even earn cash back with some cards.
If you want to explore your options further, check out other balance transfer credit cards.
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