If you’re struggling with high-interest credit card debt, a balance transfer credit card can help you save money on interest and pay off your balance faster. These cards typically offer a 0% introductory APR for a set period, allowing you to focus on reducing your principal balance without accumulating more interest.
However, not all balance transfer cards are created equal. Some have longer 0% APR periods, while others offer low or no balance transfer fees. In this guide, we’ll explore the 10 best balance transfer credit cards, highlighting their features, benefits, and how to choose the best one for your needs.
A balance transfer credit card lets you move existing credit card debt to a new card with a lower interest rate—often a 0% intro APR for 12-21 months. This allows you to:
✅ Save on interest by not accumulating additional charges
✅ Pay off debt faster since your payments go toward the principal
✅ Consolidate multiple debts into one easy payment
Most balance transfer cards charge a transfer fee (typically 3%-5% of the transferred amount), but some waive this fee as an incentive.
We’ve researched the top balance transfer credit cards based on APR length, fees, rewards, and other benefits. Here are the 10 best options:
1. Citi® Diamond Preferred® Card – Longest 0% APR Period
📌 Key Features:
- 0% intro APR for 21 months on balance transfers
- 0% intro APR for 12 months on purchases
- Regular APR: 17.74%-28.49% variable
- Balance Transfer Fee: 5% ($5 minimum)
- No annual fee
💡 Why it’s great: If you need the longest time to pay off your balance interest-free, the Citi Diamond Preferred offers an industry-leading 21-month 0% APR period.
2. Wells Fargo Reflect® Card – Best for Extended 0% APR
📌 Key Features:
- 0% intro APR for up to 21 months (18 months + 3-month extension with on-time payments)
- Regular APR: 18.24%-29.99% variable
- Balance Transfer Fee: 5% ($5 minimum)
- No annual fee
💡 Why it’s great: If you’re looking for an extra-long APR period, Wells Fargo Reflect offers up to 21 months if you make on-time payments.
3. Chase Slate Edge℠ – Best for Lowering Ongoing APR
📌 Key Features:
- 0% intro APR for 18 months on balance transfers & purchases
- APR reduction opportunity: Lower your APR by 2% with on-time payments
- Regular APR: 20.24%-29.99% variable
- Balance Transfer Fee: 3% (first 60 days), then 5% ($5 minimum)
- No annual fee
💡 Why it’s great: If you need a long-term lower APR, this card can help you reduce your interest rate over time.
4. Citi Simplicity® Card – No Late Fees or Penalties
📌 Key Features:
- 0% intro APR for 21 months on balance transfers
- 0% intro APR for 12 months on purchases
- Regular APR: 18.99%-29.74% variable
- Balance Transfer Fee: 5% ($5 minimum)
- No annual fee, no late fees, no penalty APR
💡 Why it’s great: If you sometimes miss a payment, this card won’t charge late fees or penalty APRs.
5. U.S. Bank Visa® Platinum Card – Best for Simple Balance Transfers
📌 Key Features:
- 0% intro APR for 20 months on balance transfers & purchases
- Regular APR: 18.24%-29.24% variable
- Balance Transfer Fee: 3% ($5 minimum)
- No annual fee
💡 Why it’s great: If you want a long 0% APR period with a low transfer fee, this is a solid choice.
6. Discover it® Balance Transfer – Best for Cashback Rewards
📌 Key Features:
- 0% intro APR for 18 months on balance transfers
- 0% intro APR for 6 months on purchases
- Regular APR: 17.24%-28.24% variable
- Balance Transfer Fee: 3% ($5 minimum)
- Earn 5% cashback in rotating categories
- No annual fee
💡 Why it’s great: Unlike most balance transfer cards, this one offers cashback rewards.
7. Bank of America® Customized Cash Rewards Card – Best for Flexible Rewards
📌 Key Features:
- 0% intro APR for 18 months on balance transfers & purchases
- Regular APR: 18.24%-28.24% variable
- Balance Transfer Fee: 3% ($10 minimum)
- Choose 3% cashback category (gas, dining, travel, etc.)
- No annual fee
💡 Why it’s great: If you want cashback and a balance transfer option, this is a great card.
8. Capital One SavorOne Cash Rewards Credit Card – Best for Dining & Entertainment Rewards
📌 Key Features:
- 0% intro APR for 15 months on balance transfers & purchases
- Regular APR: 19.99%-29.99% variable
- Balance Transfer Fee: 3%
- 3% cashback on dining, entertainment, streaming, and groceries
- No annual fee
💡 Why it’s great: If you dine out or enjoy entertainment, you’ll earn rewards while transferring a balance.
9. HSBC Gold Mastercard® – Lowest Balance Transfer Fee
📌 Key Features:
- 0% intro APR for 18 months on balance transfers & purchases
- Regular APR: 13.99%-23.99% variable
- Balance Transfer Fee: 4% ($10 minimum)
- No annual fee
💡 Why it’s great: It offers one of the lowest ongoing APRs after the intro period ends.
10. American Express Blue Cash Everyday® Card – Best for Everyday Spending
📌 Key Features:
- 0% intro APR for 15 months on balance transfers & purchases
- Regular APR: 19.24%-29.99% variable
- Balance Transfer Fee: 3%
- 3% cashback on groceries, gas, and online shopping
- No annual fee
💡 Why it’s great: If you want a balance transfer card with strong everyday rewards, this is a great pick.
How to Choose the Best Balance Transfer Credit Card
✅ Look for the longest 0% APR period to maximize savings
✅ Check for low or no balance transfer fees
✅ Avoid high regular APRs if you can’t pay the balance off in time
✅ Consider rewards if you plan to keep the card after paying off debt
By choosing the right balance transfer credit card, you can save hundreds (or thousands) in interest and pay off your debt faster.
🚀 Next Steps: Compare the options above and apply for the card that best fits your financial goals!
Also Check:
- 10 Tips and Tricks You Need to Help You Manage Your Balance Transfer
- The Ultimate Guide You Need to Apply for a Balance Transfer Credit Card
- You Can Save on Interest and Pay Off Debt Faster with Balance Transfer Cards
