Best Balance Transfer Credit Cards. The best balance transfer credit cards can help you save money on interest and pay down your credit card debt faster by offering a low or 0% introductory APR (Annual Percentage Rate) on balance transfers. Keep in mind that credit card offers can change frequently, so it’s essential to check the latest terms and conditions before applying. Here are some credit cards that were known for their balance transfer offers as of my last knowledge update in September 2023:
Best Balance Transfer Credit Cards
- Citi Simplicity® Card: This card often offers an extended 0% APR period on balance transfers, making it an excellent choice if you need more time to pay off your debt. There may be a balance transfer fee.
- Chase Freedom Unlimited®: While primarily a cashback card, it may have introductory 0% APR offers on balance transfers. Check the latest terms and conditions for details.
- Discover it® Balance Transfer: This card is designed specifically for balance transfers, and it typically offers a 0% APR period on balance transfers for a specified duration. It also offers cashback rewards.
- Wells Fargo Platinum Card: This card usually provides an introductory 0% APR on balance transfers and purchases for an extended period. Be sure to check the current terms.
- Capital One Quicksilver Cash Rewards Credit Card: While primarily a cashback card, it may offer balance transfer promotions with a 0% introductory APR for a limited time.
- American Express EveryDay Credit Card: This card often offers a 0% introductory APR on balance transfers for a specific period, along with rewards for everyday spending.
- Bank of America® Customized Cash Rewards credit card: This card may offer balance transfer promotions with a 0% introductory APR for balance transfers for a specified time.
Remember that balance transfer offers typically come with terms and conditions, including balance transfer fees, introductory APR durations, and eligibility requirements. It’s essential to read the fine print and understand the costs associated with transferring balances. Additionally, be aware of any ongoing interest rates after the introductory period ends.
To find the best balance transfer credit card for your specific situation, consider your credit score, the amount you want to transfer, the length of the introductory 0% APR period, and any associated fees. Always compare multiple options and read the most up-to-date terms and conditions before applying for a credit card. Also, keep in mind that credit card offers can change, so it’s a good idea to visit the respective issuers’ websites or contact them directly for the latest information on their balance transfer offers.
Also Checkout: Best Rewards Credit Cards