Balance Transfer Credit Cards
We reviewed several balance transfer credit cards and complied a listing of the Top 5 in which we feel offer the best benefit to consumers. The majority of people who have a credit card carry a balance every month. Most of these balances are being charged interest. With so many credit card balance transfer deals available with 0% interest for a set period of time, why should you continue paying interest? You can save hundreds if not thousands of dollars every year by taking advantage of one of these 0% balance transfer credit card offers.
The major banks are looking for new cardholders and are willing to compete for your business by offering really competitive rates. The balance transfer rates being offered online today are better than the rates offer prior to the recession. It would have been hard to find a few years ago a 0% balance transfer intro rate for 18 or 24 months, but there are a few available today. Please review our Top 5 Balance Transfer Cards list and select the card that is right for you.
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Discover® More® Card |
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- 0% intro APR on purchases for 6 months, then the variable standard purchase APR of 10.99% – 20.99%*
- 0% intro APR on balance transfers for 18 months, then the variable standard purchase APR of 10.99% – 20.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Discover is ranked #1 in customer loyalty–16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
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Intro Purchase APR
0% for 5 months* |
Intro Balance Trans. APR
0% for 18 months* |
APR
10.99% – 20.99% (Variable)* |
Annual Fee
$0 |
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Citi Simplicity® Card |
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- 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% – 21.99% based on your creditworthiness.
- Peace of mind through direct access to a service representative, no late fees and no penalty rate
- No annual fee*
- Apply Now!
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Intro Purchase APR
0% for 18 months* |
Intro Balance Trans. APR
0% for 18 months* |
APR
12.99%-21.99%*(Variable) |
Annual Fee
None |
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Citi® Diamond Preferred® Card |
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- 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 11.99%-21.99% based upon your creditworthiness.*
- 24/7 access to personalized concierge service providing assistance in booking hotel, flights, concert tickets and much more
- Special access for Citi cardmembers to purchase presale tickets, preferred seating, VIP packages, and other unforgettable live entertainment experiences through Citi Private Pass®.
- Exciting deals and savings for great brands through Citi Specials
- $0 liability on unauthorized purchases and Citi® Identity Theft Solutions
- No annual fee*
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Intro Purchase APR
0% for 18 months* |
Intro Balance Trans. APR
0% for 18 months* |
APR
11.99% – 21.99% Variable* |
Annual Fee
None |
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Capital One® Platinum Prestige Credit Card |
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- 0% intro APR until August 2013 on balance transfers
- 0% intro APR until August 2013 on purchases
- No annual fee
- $0 Fraud Liability if your card is lost or stolen
- 24-hour travel assistance gives you a replacement card and cash advance
- 24-hour roadside assistance
- Pick an image for your card — choose the one shown here, any of the hundreds in our collection, or add your own
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Intro Purchase APR
0% until August 2013 |
Intro Balance Trans. APR
0% until August 2013 |
APR
10.9% – 18.9% (V) |
Annual Fee
None |
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Slate® from Chase |
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- No Balance Transfer Fee!*
- 0% Intro APR for 15 months on purchases and balance transfers
- Transfer your higher rate balances during the first 30 days your account is open and you will pay no balance transfer fee!
- After the first 30 days, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5
- Avoid interest on everyday purchases
- Pay down your balance faster
- Zero liability on unauthorized purchases*
- No Annual Fee*
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Intro Purchase APR
0% for 15 months* |
Intro Balance Trans. APR
0% for 15 months* |
APR
11.99% to 21.99% Variable* |
Annual Fee
None |
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Capital One® Cash Rewards – Excellent Credit |
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- $100 Bonus after you spend $500 in the first 3 months
- 50% bonus on the cash back you earn every year
- 1% cash back on all purchases
- No annual fee
- Earn unlimited cash rewards that don’t expire
- Redeem cash rewards anytime for any amount, even set up automatic redemption
- Personalize your card with an image of your choice
- 0% intro APR on purchases and balance transfers until May 2013
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Intro Purchase APR
0% for until May 2013* |
Intro Balance Trans. APR
0% for until May 2013* |
APR
12.99% – 20.99% Variable* |
Annual Fee
None |
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Chase Freedom® Visa |
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- This offer is for people with a good to excellent credit history which means, among other things, that your credit history is clear of bankruptcy and seriously delinquent accounts
- Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
- 0% Intro APR for 15 months on purchases and balance transfers
- 5% Cash Back on up to $1,500 spent at grocery stores and movie theaters from 4/1/12 – 6/30/12
- You’ll enjoy new 5% categories every 3 months like gas stations, restaurants and even airlines. It’s free and easy to activate your bonus each quarter!
- Unlimited 1% Cash Back on all other purchases
- Up to an additional 10% Cash Back when you shop online at select merchants through Chase. No annual fee and rewards never expire
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Intro Purchase APR
0% for 15 months* |
Intro Balance Trans. APR
0% for 15 months* |
APR
12.99% – 22.99% Variable* |
Annual Fee
$0* |
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Citi® Dividend Platinum Select® Visa® Card |
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- $100 cash back after $500 in purchases within the first 3 months of account opening
- 0% Intro APR on Balance Transfers and Purchases for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness*
- Earn 5% cash back at The Home Depot and on Home Furnishing and Home & Garden purchases from 4/1/12 to 6/30/12 when you enroll.
- Each quarter, you can enroll to earn additional cash back in popular categories.
- Full 1% cash back on all other purchases and eligible cash advances.
- No annual fee*
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Intro Purchase APR
0% for 12 months* |
Intro Balance Trans. APR
0% for 12 months* |
APR
12.99% – 22.99% Variable* |
Annual Fee
None |
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Discover® More® Card |
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- 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% – 20.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty–16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
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Intro Purchase APR
0% for 15 months* |
Intro Balance Trans. APR
0% for 15 months* |
APR
10.99% – 20.99% (Variable)* |
Annual Fee
$0 |
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0% Balance Transfer Credit Card Applications
It is a great time to be applying for a balance transfer credit card. The big national credit card issuers are competing heavily to be your card of choice. We are seeing 0% balance transfer credit card offers ranging from 12 months all the way to 24 months. These are some of best balance transfer deals ever on the internet. The credit card issuers weren’t even offering these deals prior to the financial meltdown. Many consumers are still carrying a sizeable amount of debt on their credit cards while paying higher amount of interest than they need to. If you want to get ahead and start paying down those credit cards you should really consider comparing the 0% balance transfer credit card applications above. The money you save can help really make a difference.
Credit Card Balance Transfer Deals & Promotions
The most popular credit cards around are offering some sort of balance transfer deal. Those introductory rates range from 6 months all the way to 24 months for the cards being offered online. The two most aggressive banks with promotions are Discover Card and Citibank. They currently offer the longest introductory rates online. Several banks had cancelled the cards of their customers when the financial crisis hit, so Discover Card and Citibank are looking to pick many of those customers up and put them into their portfolios. Along with the long introductory rates, many of these cards offer rewards such as cash back as an additional incentive to apply and use their cards.
Zero Percent Balance Transfers with No Transfer Fees
Almost all of the credit card balance transfer deals being offered by the banks today are charging balance transfer fees. Those fees range from 3 to 5 percent of the total balance that you are transferring over. While the times of no balance transfer fees may be gone, that isn't necessarily a bad thing. The truth is that the duration of the zero percent offers has increased considerably and that can have much greater benefits in the long term. With several low interest offers of 18 to 24 months at a zero percent interest rate, you could possibly save hundreds more than you would have with an offer of zero percent with no transfer fee of 6 months.
0% For the Life of the Balance Cards
These types of credit cards are extremely rare and most likely contain high transfer fees. These balance transfer offers are by invitation only and are only available currently by mail. These aren't something that you can request. The banks are looking for a certain credit profile, most likely 800+, and a certain income. They make these offers to gain a long-term customer and are looking to stock certain portfolios of their's with a certain type of consumer. Just because you haven't received a lifetime offer doesn't mean that you don't have access to great deals. As you can see from the offers that we rated as the best balance transfer deals, there are offers ranging from 0% for 18 months all the way to 0% for 24 months. These offers are looking for a much wider selection of applicants and have much higher approval rates.
