Best balance transfer credit cards

By
Christina Ly
Editor
Nick Ewen
Updated
Jan 27, 2023
This page is a marketplace where our partners can highlight their current card offers. The reviews and insights represented are editorial, but the order in which cards appear on the page may be influenced by compensation we may receive from our partners.

Credit card debt, especially with its exorbitant fees, can be crippling. Ideally, you would never carry a balance on your credit card, but sometimes the situation is unavoidable. Consolidating your credit card debt through a balance transfer is not ideal but can save you thousands of dollars in interest. This list includes some of the best balance transfer credit cards available on the market with perks like long introductory 0% periods, cash-back earnings and sign-up offers. 

Best all-around balance transfer card
TPG Editor's Rating tooltip icon
3.5/5
2% cash-back
details
  • 2% Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
no offer
Intro Offer
no offer
$0

Why We Chose It

If you’re unsure which balance transfer card to get, the Citi Double Cash Card is a great all-around pick. It offers a long, introductory APR period for balance transfers along with a solid cash-back earning rate. The Citi Double Cash is the best all-around balance transfer card for card members who don’t want to sacrifice cash-back earnings just because they’re consolidating their debt. Read our full review of the card here.

Pros

  • Flat, uncapped cash-back earnings.
  • Long introductory APR period for balance transfers.

Cons

  • Balance transfer fee.
  • No introductory APR period for purchases.
  • 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 Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% - 28.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • 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 an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Pros

  • Flat, uncapped cash-back earnings.
  • Long introductory APR period for balance transfers.

Cons

  • Balance transfer fee.
  • No introductory APR period for purchases.
  • 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 Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% - 28.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • 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 an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Pros

  • Flat, uncapped cash-back earnings.
  • Long introductory APR period for balance transfers.

Cons

  • Balance transfer fee.
  • No introductory APR period for purchases.
  • 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 Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% - 28.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • 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 an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
TPG Editor's Rating tooltip icon
3.5/5
1 - 3% cash-back
details
  • 3% Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 2% Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 1% Earn unlimited 1% on all other purchases.
$200
details
Intro Offer tooltip icon
$200
$0

Why We Chose It

The Bank of America Customized Cash Rewards card is a great balance transfer card, offering 0% introductory APR on balance transfers (made in the first 60 days) and purchases for 18 months. Then a variable APR of 18.24% – 28.24%  variable APR will apply. A 3% fee (min $10) applies to all balance transfers. This is one of the longest intro APR periods available for balance transfers on the market. In addition, the card offers earning potential with up to 3% cash-back on the cardmember’s chosen bonus category, and members of Bank of America Preferred Rewards earn even higher rates. New card members can also earn a cash rewards bonus, all without an annual fee. Read our full review of the card here.

Pros

  • Long introductory APR period for balance transfers and purchases.
  • Bonus cash-back categories.
  • No annual fee.
  • Sign-up offer.
  • Higher earning rates for Preferred Rewards members.

Cons

  • Manual bonus earning selection.
  • Bonus earning cap.
  • Balance transfer 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.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards.
  • New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Pros

  • Long introductory APR period for balance transfers and purchases.
  • Bonus cash-back categories.
  • No annual fee.
  • Sign-up offer.
  • Higher earning rates for Preferred Rewards members.

Cons

  • Manual bonus earning selection.
  • Bonus earning cap.
  • Balance transfer 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.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards.
  • New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Pros

  • Long introductory APR period for balance transfers and purchases.
  • Bonus cash-back categories.
  • No annual fee.
  • Sign-up offer.
  • Higher earning rates for Preferred Rewards members.

Cons

  • Manual bonus earning selection.
  • Bonus earning cap.
  • Balance transfer 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.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards.
  • New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Terms & restrictions apply. See rates & fees
BEST FOR GROCERIES AT U.S. SUPERMARKETS
BEST FOR GAS AND SUPERMARKETS
TPG Editor's Rating tooltip icon
4/5
1 - 6% cash-back
details
  • 6% 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% 6% Cash Back on select U.S. streaming subscriptions
  • 3% 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% 3% Cash Back at U.S. gas stations
  • 1% 1% Cash Back on other purchases
$250
details
Intro Offer tooltip icon
$250
$0 intro annual fee for the first year, then $95.

Why We Chose It

The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee. Read our full review of the Blue Cash Preferred Card from American Express.

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 18.24% to 29.24%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 18.24% to 29.24%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 18.24% to 29.24%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees
Best for earning Citi ThankYou Points
TPG Editor's Rating tooltip icon
3.5/5
1 - 2X points
details
  • 2X Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter.
  • 1X Earn 1X ThankYou® Points on All Other Purchases.
20,000 points
details
Intro Offer tooltip icon
20,000 points
$0

Why We Chose It

The Citi Rewards+ Card is the only card on this list that earns Citi ThankYou points, which means you can pay off your debt while still earning points toward your next vacation. In addition to an impressive 15-month, 0% introductory APR for purchases and balance transfers (a variable APR of 17.74% to 27.74% will apply after), the Rewards+ also has an introductory balance transfer fee of $5 or 3% (whichever is greater) on transfers in the first four months (5% on all following balance transfers, minimum $5). The card also offers a solid welcome bonus and earn 2 points per dollar on up to $6,000 in combined purchases each year at supermarkets and gas stations. Read our full review of the card here.

Pros

  • Long introductory APR period for balance transfers and purchases.
  • Multiple bonus categories.
  • No annual fee.
  • Sign-up offer.

Cons

  • Bonus earning cap.
  • Balance transfer fee.
  • Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
  • 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 17.74% - 27.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
  • The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
  • No Annual Fee

Pros

  • Long introductory APR period for balance transfers and purchases.
  • Multiple bonus categories.
  • No annual fee.
  • Sign-up offer.

Cons

  • Bonus earning cap.
  • Balance transfer fee.
  • Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
  • 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 17.74% - 27.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
  • The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
  • No Annual Fee

Pros

  • Long introductory APR period for balance transfers and purchases.
  • Multiple bonus categories.
  • No annual fee.
  • Sign-up offer.

Cons

  • Bonus earning cap.
  • Balance transfer fee.
  • Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
  • 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 17.74% - 27.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
  • The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
  • No Annual Fee
Terms & restrictions apply. See rates & fees
TPG Editor's Rating tooltip icon
3/5
1 - 3% cash-back
details
  • 3% 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
  • 1% 1% Cash Back on other purchases.
$200
details
Intro Offer tooltip icon
$200
$0

Why We Chose It

The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee. You’ll earn bonus cash-back on popular bonus categories, including U.S. supermarkets and U.S. gas stations. Read our full review of the card here.

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • 3% cash back at U.S. gas stations and U.S. online retail purchases.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • No Annual Fee.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 18.24% to 29.24% variable APR.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
  • Get $7 back each month after using your Blue Cash Everyday Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • 3% cash back at U.S. gas stations and U.S. online retail purchases.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • No Annual Fee.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 18.24% to 29.24% variable APR.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
  • Get $7 back each month after using your Blue Cash Everyday Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • 3% cash back at U.S. gas stations and U.S. online retail purchases.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • No Annual Fee.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 18.24% to 29.24% variable APR.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
  • Get $7 back each month after using your Blue Cash Everyday Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.
  • See Rates & Fees
Best for balance transfers
TPG Editor's Rating tooltip icon
3/5
no offer
details
no offer
no offer
Intro Offer
no offer
$0

Why We Chose It

The Citi Diamond Preferred Card is not full of perks like the other cards on this list, but it has another appealing attribute: the longest 0% APR period available on the market for a balance transfer. For people looking to consolidate their debt, this could be the card for you. The card offers 21 months of 0% APR for balance transfers and 12 months of 0% APR for purchases. A variable APR of 17.24% to 27.99% will apply after. No other card features almost two years of 0% APR on balance transfers. Read more about the Citi Diamond Preferred card here.

Pros

  • No annual fee.
  • Longest introductory APR periods for balance transfers.

Cons

  • Does not earn rewards on spending.
  • Balance transfer fee.
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.24% - 27.99%, 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 5% 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.

Pros

  • No annual fee.
  • Longest introductory APR periods for balance transfers.

Cons

  • Does not earn rewards on spending.
  • Balance transfer fee.
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.24% - 27.99%, 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 5% 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.

Pros

  • No annual fee.
  • Longest introductory APR periods for balance transfers.

Cons

  • Does not earn rewards on spending.
  • Balance transfer fee.
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.24% - 27.99%, 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 5% 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.
Apply now for Wells Fargo Reflect® Card at Wells Fargo's secure site
Terms & restrictions apply. See rates & fees
BEST FOR FINANCING CREDIT CARD DEBT
TPG Editor's Rating tooltip icon
3/5
Go to review
no offer
details
no offer
no offer
Intro Offer
no offer
$0

Why We Chose It

There’s no annual fee, and you’ll enjoy a 0% introductory APR on purchases and qualifying balance transfers for 18 months from account opening, with the potential of an extension of up to three months, given that you make on-time minimum payments in the introductory period. After the introductory period, you’ll face a variable APR of 17.24% to 29.24%, depending on your creditworthiness.

Pros

  • No annual fee.
  • Introductory APR offer of 18 months with the potential to extend up to three months.
  • Cell phone protection.

Cons

  • No points or cash rewards earning potential.
  • No welcome bonus.
  • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension for 3 months with on-time minimum payments during the intro period. 17.24% to 29.24% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5.
  • $0 Annual Fee
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
  • Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
  • Select "Apply Now" to learn more about the product features, terms and conditions

Pros

  • No annual fee.
  • Introductory APR offer of 18 months with the potential to extend up to three months.
  • Cell phone protection.

Cons

  • No points or cash rewards earning potential.
  • No welcome bonus.
  • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension for 3 months with on-time minimum payments during the intro period. 17.24% to 29.24% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5.
  • $0 Annual Fee
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
  • Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
  • Select "Apply Now" to learn more about the product features, terms and conditions

Pros

  • No annual fee.
  • Introductory APR offer of 18 months with the potential to extend up to three months.
  • Cell phone protection.

Cons

  • No points or cash rewards earning potential.
  • No welcome bonus.
  • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension for 3 months with on-time minimum payments during the intro period. 17.24% to 29.24% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5.
  • $0 Annual Fee
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
  • Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
  • Select "Apply Now" to learn more about the product features, terms and conditions

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Card Name

Best balance transfer credit cards

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Card Best for Welcome Offer/Sign Up Bonus Earning Rate Annual Fee
Citi® Double Cash Card Best all-around balance transfer card N/A
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
$0
Bank of America® Customized Cash Rewards credit card Best for Preferred Rewards members $200
  • Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • Earn unlimited 1% on all other purchases.
$0
Citi Rewards+® Card Best for earning Citi ThankYou Points 20,000 points
  • Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter.
  • Earn 1X ThankYou® Points on All Other Purchases.
$0
Citi® Diamond Preferred® Card Best for the longest 0% APR period on balance transfers N/A N/A $0

With ongoing news of inflation and an impending recession, it can seem hopeless if you’re crushed with existing credit card debt. With the help of balance transfer cards, you can navigate your high-interest debt and minimize excessive interest costs while helping your credit score. You can use balance transfer credit cards to avoid high-interest charges while you pay off your debt and even earn travel rewards at the same time.

What is a balance transfer?

A balance transfer is when you move an existing credit card balance to another card, ideally with a lower interest rate. In practice, this can allow you to pay off your credit card debt more quickly. While there is a one-time fee associated with making a balance transfer (generally 3-5% of the total transfer), you could save much more in the long run by subjecting that balance to a lower interest rate — especially if you transfer your balance to a card that offers 0% APR for a specified period of time.

These offers are like standard sign-up bonuses in that they extend a potentially valuable benefit to encourage new applicants to open a credit card account. However, instead of (or occasionally, in addition to) earning rewards for opening a new card, you receive interest-free financing on an existing balance you transfer to your new account. In addition, most of these offers also feature 0% intro APR financing on new purchases.

To get the most out of a promotional financing offer, you must combine it with a sound plan to pay off your debt by reducing your expenditures, maximizing your income and making regular payments to pay off the balance. As long as the 0% APR promotional financing offer is in effect, you won’t pay interest charges on your balance, allowing you to save money while eliminating your debt as quickly as possible.

Things to consider

Generally speaking, balance transfers can be a good idea if you want to get out of debt as quickly as possible. That being said, they do come with some drawbacks. In most cases, you’ll need to pay a fee to transfer your balance.

Additionally, many of these cards are not considered top-tier travel rewards cards, and by signing up for them, you may be limiting your options for future credit cards. Of course, if you’re overwhelmed with debt currently, sacrificing a future card is far superior to incurring massive interest charges.

By law, these balance-transfer offers with promotional financing must be valid for at least six months. Some of the top offers currently available extend for as long as 18 months. However, keep in mind that you can’t transfer a balance between two cards from the same issuer.
Finally, it’s worth noting that transferring a balance to a card with a 0% APR offer will not have any impact on the interest charges you’ve already accrued — it will only affect future interest on the balance.

Related: From debt to over 20 credit cards: The story of my personal finance journey

How much can I save with a balance transfer card?

Because credit card debt is unsecured, it has a higher interest rate than other secured lending products, such as a home mortgage or a car loan. Credit card debt is also more costly than a home mortgage or a student loan because it’s never tax-deductible.