Best Balance Transfer Credit Cards | CompareCredit.com

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Best Balance Transfer Credit Cards

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Citi® Diamond Preferred® Card

(4,861 reviews)

  • 0% for 18 months on Balance Transfers
  • 0% for 18 months on Purchases
  • 14.74% - 24.74% (Variable)
  • $0
  • Excellent
Product Details
  • Click "APPLY NOW" to apply online
  • 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • Shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

See additional details for Citi® Diamond Preferred® Card

Citi® Double Cash Card – 18 month BT offer

(3,160 reviews)

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • 0% for 18 months on Balance Transfers
  • No annual fee and $0 liability on unauthorized charges
  • $0
  • Excellent
Product Details
  • Click "APPLY NOW" to apply online
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

Bank of America® Cash Rewards credit card

(1,818 reviews)

  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days
  • 13.99% - 23.99% Variable APR on purchases and balance transfers
  • $0
  • Excellent, Good
Product Details
  • Click "APPLY NOW" to apply online
  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% - 23.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase
  • Contactless Cards - The security of a chip card, with the convenience of a tap

BankAmericard® credit card

(96 reviews)

  • 0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days
  • 0% Introductory APR on purchases for 12 billing cycles
  • 12.99% - 22.99% Variable APR on purchases and balance transfers
  • $0
  • Excellent, Good
Product Details
  • Click "APPLY NOW" to apply online
  • 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 12.99% - 22.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No annual fee
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app
  • Contactless Cards - The security of a chip card, with the convenience of a tap

See additional details for BankAmericard® credit card


What is a Balance Transfer?

A balance transfer is an incredibly useful tool to get people out of debt faster. It involves transferring your current credit card balance to a new card specifically for its balance transfer introductory APR period.

Currently, you can get a balance transfer card with 0% intro APR on balance transfers for 12, 15, and even up to 18 months. That’s a long time to make interest free payments to pay down your debt faster.

Balance transfers make sense for people with high balances and a high interest rate. If you’re currently paying hundreds in interest rate changes, you could pay $0 in interest rate charges for up to 18 months.

How much can I save by transferring my balance?

Some people save hundreds of dollars when doing a balance transfer, others save thousands. It depends on your current balance and your current interest rate.

The average interest rate for most cards are between 16 – 24%, which means you can save a lot with a card that has 0% interest for 15 or 18 months.

Step by Step: How to do a balance transfer

  1. First apply for a one of the balance transfer cards list above.
  2. Once approved, inform your new card’s issuer that you would like to perform a balance transfer
  3. Provide the information requested by your issuer. (usually bank account numbers and how much debt you want to transfer.
  4. Keep making payments on your current card until the balance transfer goes through.
  5. Keep an eye accounts for when the transfer goes through so you can start paying off the balance on the new card.
  6. Try not to use your old card and instead, if necessary, use the new card to take advantage of the 0% Intro APR promotional period.
  7. Continue to pay down your debt on the new balance transfer card to get out of debt faster.
  8. Once you’re out of debt, do a happy dance!

That’s it. The balance transfer process sounds complicated but is an incredibly useful tool to help people get out of debt faster.

How to compare balance transfer credit cards

The best way to compare balance transfer cards is to look which issuer currently holds your debt. As most banks don’t allow balance transfers from one of their cards to another one of their cards.

Next, determine whether or not you’ll qualify. Most balance transfer credit cards require either good or excellent credit to be approved. If you have average or below average credit, a credit card refinance personal loan likely makes more sense to help pay off your debt.

Then compare 0% Intro APR periods and fees. Some cards charge a 3% balance transfer fee, other charges up to 5%. Also know how long it will take you to pay off your debt. Typically, the longer you have to pay off your debt the better.

Take a look at some of the balance transfer credit cards above that have long introductory 0% APR for up to 15 or 18 months and apply today to get out of debt faster!