Best Balance Transfer Credit Cards

Do you have high-interest credit card debt you’re struggling to pay off?

You’re not alone. In 2017, over 38% of U.S. households will have some sort of credit card debt. If you’re suffering from high interest rate charges, transfer your debt to one of these balance transfer cards with 0% intro APR and starting saving money.

Citi Simplicity® Card - No Late Fees Ever

Benefits: An impressive intro APR of 0%* for 21 months on Purchases* and 0%* for 21 months on Balance Transfers* with no annual fee. That’s well over a year of interest free payments, which can save you hundreds of dollars when compared to high interest charges.

For instance, let’s assume you have $5,000 in credit card debt that is accruing 20% interest and that you are able to make a $250 payment every month. At this rate, you will end up paying over $1,100 in interest charges. With the Citi® Simplicity you will enjoy an intro APR of 0%* for 21 months on Balance Transfers* which lets you pay down your balance interest free.

We’re human, we make mistakes, and sometimes we forget to pay a bill. That’s where the Citi® Simplicity shines - It is The only card with no late fees, no penalty rate, and no annual fee… EVER! If you’re one to forget about a payment or two, this card is perfect for you.

Important Note: This credit card has a balance transfer fee of 3% of each balance transfer; $5 minimum. You cannot transfer balances from any other Citi credit card.

Bottom Line: People who carry this card can transfer several types of debt onto it, not just credit card debt. If you forget a payment, this card can save you money with $0 late fees, most credit cards charge around $35 for late payment fees. This card has one of the longest intro APR period on CompareCards and is one of the easiest credit cards to use.

Discover it® - 18 Month Balance Transfer Offer

Benefits: This card has a sign-up bonus loaded with potential: you can turn $200 into $400 with Cashback Match. If you’re a new card member, you can automatically double your rewards within the first year of having the card. You also earn 5% cash back from rotating categories like gas stations, department stores, or restaurants for up to $1,500 every quarter. You’ll also get 1% cash back on everything else.

With 5% cash back from everyday spending categories and 1% cash back on everything else you can easily earn $200 cash back and turn it into $400 with Discover’s Cashback Match.

There is also no annual fee, and you will get 0% intro APR on purchases for 6 months and 0% intro APR on balance transfers for 18 months.

Drawbacks: While the Discover It - 18 month balance transfer offer has some rewarding cash back benefits, it does come with a balance transfer fee of 3%. You also need to remember to opt into the categories every quarter or you will not receive the 5% cash back rewards.

The Bottom Line: If you looking for a balance transfer credit card that teams up with a cash back rewards system, this card is right up your alley. It has a unique sign-up bonus system that doubles your cash back at the end of your first year. So if you’re in the market for a rewards card and would like to transfer your current balance, this card is perfect for you.

Citi® Diamond Preferred® Card – 21 Month Intro Offer on BT and Purchases

Benefits: If you’re looking for another long-term 0% intro APR the Citi Diamond Preferred provides just that. It offers an intro APR of 0%* for 21 months on Purchases* and 0%* for 21 months on Balance Transfers*. This means you won’t pay interest on purchases or balance transfers until 2019! There is no annual fee, and you get to choose your payment date, allowing you to choose the date that is most convenient for you. To top it off, you get free access to your FICO credit scores.

This card is helpful if you are looking to make a big purchase soon, like a large appliance or some home improvements. You can get that new fridge or fix the roof without worrying about interest for almost two years.

Important Note: This doesn’t have rewards to go along with it. The balance transfer fee is 3% of each balance transfer; $5 minimum.

The Bottom Line: This is a simple, yet very powerful credit card. It is very helpful if you’re looking to make a big purchase soon. With its long-term 0% intro APR you can save hundreds in interest charges with a cheaper monthly payment plan. Convenient payment dates and free access to your FICO credit score make this card a great choice.

Citi® Double Cash Card – 18 month BT offer

Benefits: This credit card also has a 0% intro APR on balance transfers for 18 months, no annual fee and only requires good credit. That’s not even the best part. This card earns you 1% cashback on everything with no limit, and another 1% when you pay off your bills at the end of the month!

Unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases makes this card one of the best credit cards for balance transfers and cash back rewards. It’s great for transferring high-interest debt, and getting cash back for any purchases without having to worry about rotating categories.

You can save over $800 in interest charges if you transfer $5,000 in interest accruing charges at a 20% APR. On top of that, if you spend $500 each month on common purchases you can earn $5 on purchase and another $5 when you pay it off. That’s $120 in annual rewards!

Drawbacks: The card charges a balance transfer fee of 3% of the amount transferred or $5, whichever is higher. It does not reward cash back on balance transfers. There is also a $25 minimum for redeeming cash back rewards.

The Bottom Line: The Citi Double Cash card is an industry leader for cash back rewards with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. When you add in the 0% intro APR on balance transfers for 18 months you’re looking at a very powerful card that you can use to save money on high-interest debt, then use as a cash rewards card afterwards. All of this make this card one of our most popular offers.

Wells Fargo Platinum Visa® Card

Benefits: Take control of your finances with the Wells Fargo Platinum Visa® Card. This no-annual fee card gives you a long intro APR of 0% for 18 months on balances transfers. That gives you well over a year to pay down your balance with no new interest adding up. If you only make the minimum payments on high-interest credit card debt, it could take years to pay it off. Using a card like this means every cent you pay during the intro period will go toward paying down your balance. There is a typical balance transfer fee of 3% Intro for 18 months, then 5%.

Important note: Wells Fargo is one of the few card issuers to offer generous cell phone protection. This card offers up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Card.

Drawbacks: Like most balance transfer cards, it doesn’t offer a big sign-up bonus. But, if you are focused on getting out of debt, this straight-forward no-annual fee card is a great choice.

The Bottom Line: You can save hundreds of dollars on interest on a balance transfer with the long 0% intro APR period on this simple and easy to use card. This card is gives you all the tools you need to get out of debt.

BankAmericard® Credit Card

Benefits: Swimming in high-interest debt? This card is one of the most cost-effective lifelines of any offer currently available. Most cards charge a fee to transfer your debt. Not here. This card comes with a $0 Intro balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% (min. $10). As if that's not enough, you also pay no annual fee and get a long 0% Intro APR for 15 billing cycles for balance transfers made in the first 60 days and 0% Introductory APR on purchases for 15 billing cycles. That gives you over a year to wipe out your debt without paying interest.

Drawbacks: There are balance transfer offers with longer introductory APR, but you will likely pay a balance transfer fee. For example, if you need a longer intro period to pay down your balance consider the balance transfer offers from Citibank. But, you may have to pay a balance transfer fee with those cards.

The Bottom Line: This card leads the pack in a crowded balance transfer field. It is one of the few cards that delivers three impressive debt-busting features: no intro balance transfer fee, a long 0% Intro APR for 15 billing cycles for balance transfers made in the first 60 days, and no annual fee. If you are serious about getting out of debt, this card can help you achieve your goals.

Apply now for one of these top balance transfer cards and say goodbye to high interest credit card debt. Follow our Step by Step Guide to a Balance Transfer to successfully complete the balance transfer process. Congratulations. You are on your way to becoming debt free. 

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Share your experiences, tips and tricks with us!

Let others learn from your experience. Ask questions. Share your thoughts and opinions about credit cards.

There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.

Community Conversation

Thank you. Your comment has been submitted and is pending editorial review.
card loader

Sort by:

Picture of Julia Zakrzewski

By: | Oct 14, 2017

Looking for a zero percent transfer credit card. My credit score is 835. Transferring amount of $7000.00

1 Reply

By: CompareCards | Oct 16, 2017

With a credit score in the 800s your credit is considered "excellent" and you have a great chance of getting approved for any balance transfer credit card you choose. Check out our balance transfer credit cards page to see all of the best options!

Picture of Rita Anderson

By: | Sep 27, 2017

I am looking to transfer 4 credit card balances to just 1 card.

Picture of Norma Childs

By: | Aug 27, 2017

I would love to apply for the balance transfer card and get rid of 4 cards.

Picture of Margo McElroy

By: | Aug 16, 2017

Is there a no fee balance transfer card?

1 Reply

By: CompareCards | Aug 25, 2017

The Barclaycard Ring™ Mastercard® is an excellent option if you're looking for a credit card with no balance transfer fee!

Picture of Wendy Maynes

By: | Aug 13, 2017

My credit card won't accept third party checks that are used as pay off on balance transfers, what are my other options? Solution?

1 Reply

By: CompareCards | Aug 14, 2017

Many banks and credit card issuers will not accept 3rd party checks as a form of payment because the number of people involved in the transaction creates high risk. Instead, try having the check written directly to you. If that is not an option, try cashing the check with an institution that will accept them (although this may be hard to find) and then using the money to pay off your balance.

Picture of Chad Vanloo

By: | Aug 13, 2017

Be prepared though people , some of these transfer cards will also have limits , often the limit is less than you owe , so you may not be able to transfer all of your debt

Picture of Tom Baker

By: | Aug 12, 2017

I was looking at Wells Fargo Platinum card to do a balance transfer. In the small print, it said I had to have an instrument of consumer credit with Wells Fargo, aka a credit card. When I looked at their Cash Wise and American Express cards, I found the same requirement. So, does this mean you have to have a credit card from Wells Fargo before you can get a credit card from Wells Fargo?

1 Reply

By: CompareCards | Aug 14, 2017

The requirement to be the account holder of a Wells Fargo consumer credit product is in reference to the ability to get your free FICO score - you do not have to have a Wells Fargo credit card in order to apply for one of these cards, but you must have a Wells Fargo credit card in order to get your free FICO score.

Picture of Linda Ahne

By: | Aug 12, 2017

my credit score is in the mid to high 600's I would like to transfer a balance of 7,000.00 to a zero percent card for at least a year. What do you recommend ??

1 Reply

By: CompareCards | Aug 14, 2017

With fair credit, your best bet is most likely the Discover it® Cashback Match™ card. with this card, you enjoy 0% APR for 14 months on both purchases and balance transfers. Depending on the balance transfer limit they approve for you, it may be hard to transfer all $7,000 onto this card, but it has the best offer for customers with fair credit.

Picture of Jennifer Lambert

By: | Aug 1, 2017

How does balance transfer work? When I make payments on my cc accounts they say they do not except cc payments. So how does it transfer?

1 Reply

By: CompareCards | Aug 3, 2017

Balance transfers are when you transfer an outstanding balance from one credit card to another. It can help you catch up on debt or consolidate all of your balances to make payments easier to keep track of. This is also great for cards with intro balance transfer APR offers, but there is still usually a balance transfer fee of around 3% on most cards. Balance transfers are different from making payments to one credit card account from another credit card because, instead of paying off your balance from one card with another card, you're transferring your entire outstanding balance from one card onto another. Most issuers do not allow you to simply pay off one credit card with another, but they will allow balance transfers onto different cards (which involves the 3% fee). The key is to find a card that fits your credit score and has a solid intro balance transfer APR offer - check out some of your options here.

Picture of Victor Caraveo

By: | Jul 12, 2017

If I do a balance transfer, can I keep my old credit card open, or do they close it automatically?

2 Replies

By: CompareCards | Jul 28, 2017

When you transfer a balance it is not likely that the card you transfer a balance from will close automatically. The account will probably remain open and simply show a zero balance.

By: Celina Jimenez McNulty | Sep 2, 2017

Yes, you can keep them open.


These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.