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.

 Capital One® Platinum Prestige Credit Card 
 

  • Get 0% intro APR on all purchases until August 2016; 10.9%-20.9% variable APR after that
  • Balance transfers also have a 0% intro APR until August 2016, a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
  • Fraud coverage if your card is lost or stolen
  • Enjoy extended warranty protection on eligible items purchased with your card
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • Pick the monthly due date that works best for you
  • 100% free Capital One® Credit Tracker - see your monthly credit score anytime and get automatic alerts
  
 Intro Purchase APR
0% ""until August 2016*
Intro Balance Trans. APR
0% ""until August 2016*
APR
10.9% - 20.9% (Variable)
Annual Fee
$0
 



 U.S. Bank FlexPerks® Select+ American Express® Card 
 

  • Earn 10,000 enrollment FlexPoints after you spend $1,000 in Net Purchases (purchases minus credits and returns) on your Card within the first four months of account opening.
  • Use your Card at select membership warehouse clubs and for everyday purchases.
  • 1 FlexPoint for every $1 in Net Purchases.
  • No annual fee.*
  • Redemption starts at just 5,000 FlexPoints for merchandise, gift cards, statement credits and more.
  • An airline award ticket starts at just 20,000 FlexPoints (up to $400 value).
  
 Intro Purchase APR
N/A*
Intro Balance Trans. APR
0% for 9 billing cycles on Balance Transfers*
APR
13.99% - 23.99%* (Variable)
Annual Fee
$0
 



 U.S. Bank FlexPerks® Select+ American Express® Card 
 

  • Earn 10,000 enrollment FlexPoints after you spend $1,000 in Net Purchases (purchases minus credits and returns) on your Card within the first four months of account opening.
  • Use your Card at select membership warehouse clubs and for everyday purchases.
  • 1 FlexPoint for every $1 in Net Purchases.
  • No annual fee.*
  • Redemption starts at just 5,000 FlexPoints for merchandise, gift cards, statement credits and more.
  • An airline award ticket starts at just 20,000 FlexPoints (up to $400 value).
  
 Intro Purchase APR
N/A*
Intro Balance Trans. APR
0% for 9 billing cycles on Balance Transfers*
APR
13.99% - 23.99%* (Variable)
Annual Fee
$0
 



 U.S. Bank FlexPerks® Travel Rewards Visa Signature® card  
 

  • Earn 20,000 enrollment FlexPoints after you spend $3,500 in Net Purchases (purchases minus credits and returns) on your Card within the first four months of account opening.
  • Earn one FlexPoint for every $1 of eligible net purchases charged to your Card
  • Earn two FlexPoints for every $1 spent on gas, grocery or airline net purchases — whichever you spend most on each monthly billing cycle — and on most cell phone expenses
  • Earn Triple FlexPoints on eligible charitable donations*
  • No Foreign Transaction Fees (based on creditworthiness).*
  • Award travel starts at just 20,000 FlexPoints (up to a $400 ticket value) on over 150 airlines with no blackout dates or online redemption fees
  • Receive an airline allowance of up to $25 with every award travel ticket to use toward baggage fees, in-flight food or drinks and more
  • Subject to credit approval.
  
 Intro Purchase APR
0% for 12 billing cycles*
Intro Balance Trans. APR
0% for 12 billing cycles*
APR
13.99% - 23.99%* (Variable)
Annual Fee
$0 intro* for the first year, then $49*
 



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Rating: 3.8/5 (61 votes cast)
Balance Transfer Credit Cards, 3.8 out of 5 based on 61 ratings

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.