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Balance transfer credit cards are perfect for consolidating debt, minimizing interest, and saving money when you need to. If you have a series of cards that you need to combine into one, a balance transfer card will let you do that at a low cost. There are so many of these cards on the market right now, and no two are identical. What we have to determine is which ones are right for you.
Listed below are some of the best balance transfer credit cards 2013 has to offer from our partners. Note that their terms are subject to change at the provider’s discretion, so recheck the rates before completing your application. If you think we’ve missed something on our list, feel free to leave us a comment.
CompareWallet’s Best Balance Transfer Credit Cards 2013
Chase Slate – The Slate Card from Chase is designed specifically for balance transfers. It offers no interest or balance transfer fees for 15 months and has no annual fee. If you transfer a balance within the first 60 days with this card, you won’t owe a balance transfer fee on it at all. After the intro period, the APR raises to 12.99%, 17.99, or 22.99%, and the balance transfer fee sits at 3%. Chase also offers identity theft protection, providing $0 liability for any unauthorized charges. The only money you owe will be what you spend or transfer.
Citi Simplicity® MasterCard – The Citi Simplicity® Card has low fees all the way around. It offers 0% interest on purchases and balance transfers for the first 21 months, and no annual fee. You also don’t have to worry about late fees or penalty rates. A balance transfer fee applies with this offer of either 3% of each balance transfer or a $5 minimum, whichever is greater. The APR is a variable 12.99% – 22.99%, depending on your creditworthiness. The only downside to this card is that you must have excellent credit to apply for it. If you think you might qualify, go for it!
Discover It – Double Cash Back your first year – The Discover it Card is the latest in the Discover line. It is mostly known for having a superior rewards program, but it also offers low rates that are ideal for balance transfers. You’ll pay 0% interest on balance transfer for the first 18 months you own the card, and you will never have to worry about an annual fee. The regular APR ranges from 10.99% to 22.99%, and the balance transfer fee is at 3%. As a bonus, this card has no over limit fee, no pay-by-phone fee, and no increase in APR after a late payment. That’s why it’s one of the best credit cards for balance transfers in 2013.
Capital One® Platinum Prestige – The Capital One® Platinum line has the most sought-after cards Capital One has to offer. The Platinum Prestige Card may be the most difficult card to get, but it’s great to have in the event of balance transfers or paying down a high-end purchase. If you have excellent/good credit, you could qualify for this card that comes with 0% APR on purchases and balance transfers until August 2016, with an on-going rate of 10.9% – 20.9% APR variable. There is also no annual fee with this card and you get 24-hour roadside assistance if you ever need it. *This offer and/or promotion may have since changed, expired, or is no longer available.
Citi® Diamond Preferred® Card – The Citi Diamond Preferred Card is offering 0% APR on purchases and balance transfers for the first 21 months, making this card quite the contender. The APR after the intro period goes up to 11.99% to 21.99% variable, but you never have to worry about an annual fee. After the 21 month intro period, a balance transfer fee applies with this offer, 3% of each balance transfer; $5 minimum. If you happen to travel, there are plenty of rewards through Citi Easy Deals waiting for you.
*Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.
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