How does a "balance transfer" work? A balance transfer allows you to take your high-interest credit card balance from one card (or even multiple cards) and transfer it to a new credit card with a lower interest rate so you can save money on interest charges.
Many balance transfer cards offer a 0% intro APR for balance transfers until 2026!
4 Simple Steps to the Balance Transfer Process
1. Pick a balance transfer card that fits your needs (Length of Intro APR Period, Rewards, etc.)
2. Apply for a balance transfer card (Click Apply Now)
3. Once Approved, contact the new credit card company to do the balance transfer
4. Pay off your debt & celebrate being debt free faster!
Excellent, GoodRecommended Credit (670-850)
on Citibank's secure site
With one of the longest intro APRs available, the Citi® Diamond Preferred® Card is a top choice for anyone looking to save money with a balance transfer. This market-leading offer, from our partner Citibank, comes with 0% for 12 months on Purchases and a dazzling 0% for 21 months on Balance Transfers, 16.49% - 27.24% (Variable) APR thereafter. That's almost two years to pay down your balance totally interest free. Did we mention there's no annual fee?
Put your Excellent, Good credit to work and enjoy the breathing room offered by this lengthy intro APR. If you currently have a large balance on a credit card that is charging steep interest rates, the Citi® Diamond Preferred® Card could be the perfect card to help you finally escape those huge interest charges. Apply today and enjoy a lengthy intro APR of 0% for 21 months on Balance Transfers!
Excellent, GoodRecommended Credit (670-850)
on Bank of America's secure site
If you're suffering under the weight of steep interest rates on your current credit card, the BankAmericard® credit card could be just what you need. This powerful card comes with 0% Intro APR for 21 billing cycles for any balance transfers made in the first 60 days as well as 0% Intro APR for 21 billing cycles for purchases. That lengthy intro period can provide the breathing room you need to pay down your balances. The ongoing APR is 14.99% - 25.99% Variable APR on purchases and balance transfers, and a fee of 5% of the amount of each transaction applies to all balance transfers.
Paying down your credit card balance can be tough when you see the majority of your payments going toward interest rather than the principal of your balance. But when you transfer your balance to the BankAmericard® credit card, every penny of your payment goes towards the principal of your balance during the intro period. To top it off, this card comes with no annual fee.
Excellent/GoodRecommended Credit (670-850)
on Wells Fargo's secure site
This showstopping offer from Wells Fargo is at the top of the pack when it comes to low interest rates on qualifying balance transfers and purchases. New cardholders receive a whopping 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. That's right – the Wells Fargo Reflect® Card offers nearly two years of interest-free payments on qualifying balance transfers and purchases! The ongoing rate is 17.49%, 23.99%, or 28.24% Variable APR.
That ultra-long intro period could be a lifesaver if you're paying a high interest rate on your current credit card. Even with such a generous low interest offer, the Wells Fargo Reflect® Card has no annual fee, and cardholders will enjoy the added perk of up to $600 of cell phone protection against damage or theft - subject to a $25 deductible.
Excellent/GoodRecommended Credit (670-850)
on Wells Fargo's secure site
The Wells Fargo Active Cash® Card is a revolutionary credit card that offers consumers everything they could want in a cash rewards card. Enjoy one of the highest flat-rate cash back offers we've seen. Earn unlimited 2% cash rewards on purchases – there are no caps, no restrictions, and no rotating categories to keep track of!
Cardholders will also enjoy 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. That means you'll have a year to take a break from high interest rates. After the intro period is up, the ongoing APR is 18.49%, 24.49%, or 28.49% Variable APR.
Even with that lucrative rewards rate on spending and lengthy intro APR offer, this card offers a stellar sign up bonus: $100 cash rewards bonus after spending $500 in purchases in the first 3 months.
Good, ExcellentRecommended Credit (750-850)
on TD Bank's secure site
Maximize cash back rewards with the TD Cash Credit Card! This no annual fee card offers customizable rewards in high-earning categories. Earn 3% and 2% Cash Back on your choice of spend categories. Plus, you can switch your categories quarterly. Earn 1% Cash Back on all other eligible purchases. Categories include dining, entertainment, gas, groceries, and travel, but will default to 3% back on dining and 2% at grocery stores. Additionally, enjoy $200 Cash Back when you spend $1,000 within the first 90 days after opening your account.
The TD Cash Credit Card also offers a 0% introductory APR on purchases for 12 billing cycles after account opening and on balance transfers for 15 billing cycles after account opening. After that, 18.49% - 28.49% variable APR based on your creditworthiness. Balance transfers must be completed within the first 90 days of account opening.
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