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Balance Transfer

Balance Transfer

Compare balance transfer credit cards from our partners and apply online
If you’re currently carrying balances on one or more credit cards, you can reduce your rate and save big by completing a balance transfer; if you use the money you’re saving in interest payments to pay down the balance of the credit card, it'll help you pay off your debt. The trick is in choosing the right balance transfer credit card.

Read more about: Low Interest Credit Cards

Save Money on Credit Card Debt with Balance Transfers


Top 5 Reasons to Transfer Your Credit Card Balance


Credit Cards with No Balance Transfer Fee


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How to Choose a Balance Transfer Credit Card

Here are three factors to keep in mind when choosing the right balance transfer credit card for your wallet:

  • Introductory APR
    Many balance transfer credit cards come with a special introductory rate. Before you go with the lowest rate available, take the time to review introductory periods. Be sure to take a peek at the post-introductory period APRs. The last thing you want to do is transfer your balances to a card that will eventually carry a higher rate than you’re currently paying if you don't think you can pay off the balance during the introductory period.

  • Fees
    Balance transfers often come with a fee that typically ranges from 3% to 4% of the balance that you are transferring to the new card. The difference between no balance transfer fee, 3%, and 4% may not seem like much, but if you have a large balance, it can make a huge impact on your bill.

  • Fine Print
    You will want to take the time to read all of the fine print surrounding the allowed balance transfers. For instance, many credit card companies will accept balance transfers only from cards issued by a different company. Learn how you can save money on credit card debt with balance transfers.

Featured Balance Transfer Offers

Chase Slate Chase Slate® offers $0 introductory balance transfer fee during the first 60 days your account is open. This card also offers 0% intro APR for 15 months on balance transfers and purchases. After that, a variable APR, currently 12.99%, 17.99%, or 22.99% (depending on your creditworthiness). There is no annual fee.

Discover It Discover it® - 18 Month Balance Transfer offers 0% intro APR on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% to 22.99%. This card does have a balance transfer fee: 3% of the transfer amount. There is no annual fee.

US Bank Platinum Visa U.S. Bank Visa® Platinum Card offers 0% intro APR on purchases and balance transfers for 15 billing cycles. After that, the variable APR applies, currently 9.99% to 23.99%. This card has an introductory balance transfer fee of 3% of each transfer amount ($5 minimum) for balances transferred within the first 30 days of account opening. After that, the balance transfer fee is 4% of each transfer amount or $5, whichever is greater. There is no annual fee.

Dig Yourself Out of Debt

How to Get Out of Debt

Finding yourself deep in debt can be a discouraging reality. And in the past several years, more and more consumers have found themselves in this situation.

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. This site may be compensated through the Advertiser's affiliate programs.


Discover it
Read ReviewApply for Discover it
At Discover's Secure Site
  • 0% intro APR on balance transfers for 18 months-then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • Over 6,000 cardmembers rated 4.8 out of 5 stars* and J.D. Power awarded Discover "Highest in Customer Satisfaction with Credit Card Companies. Tied in 2014."+
  • 5% Cashback Bonus for gas and ground transportation on up to $1500 in purchases from Jan. through Mar. 2015 after you sign up for 5% Cashback Bonus. 1% cash back on all other purchases.
  • Free FICO® Credit Score on monthly statements, online and in our mobile app.*
  • No annual fee, no late fee for your first late payment , APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
  • *See rates, rewards, free FICO® Credit Score terms, balance transfer terms and other info by clicking "Apply."
Cash Back RewardsBonus Cash BackNo Limits on RewardsExtended WarrantyPurchase ProtectionReturn Protection$0 Fraud Liability
Our Review: A generous cash back and 18-month balance transfer offer makes the Discover It Card the go-to card to keep more money in your pocket. When you consider the rewards, low fees, and good customer service, it’s pretty easy to see why Discover It is one of the most popular cash back credit cards available... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 6 months
0% for 18 months
10.99% - 22.99% Variable*
$0

Chase Slate
Read ReviewApply for Chase Slate
At Chase's Secure Site
  • Transfer holiday balances and save on interest. Plus, save on purchases all year.
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee
Our Review: If you have credit card debt and excellent/good credit, the Chase Slate can help provide you with a valuable break from high interest rates. This credit card offers a generous $0 balance transfer fee introductory offer and a 15 months 0% APR intro period on balance transfers and purchases. Afterwards, a variable APR of 12.99%, 17.99%, or 22.99%. Chase Slate does not offer a rewards program, however, so if you want to collect cash back or travel rewards, you may be better off with another card... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
12.99%, 17.99%, or 22.99% (V)
$0

U.S. Bank Visa Platinum Card
Read ReviewApply for U.S. Bank Visa Platinum Card
At U.S. Bank's Secure Site
  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99%
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • $0 fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help prevent fraud
  • Online account management and account alerts
Car Rental Insurance$0 Fraud Liability
Our Review: With free access to your monthly credit score and no annual fee, the US Bank Platinum Visa Card is a good choice for those who plan to carry a balance. The lack of rewards makes it less than ideal for those who don't carry a balance. However, if you’re paying down some debt, the 0% intro APR and low regular APR make this card the way to go... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
9.99% - 23.99%* (Variable)
$0*

The Amex EveryDay Credit Card from American Express
Read ReviewApply for The Amex EveryDay Credit Card from American Express
At American Express' Secure Site
  • Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months.
  • Earn 20% more points: Make 20 or more purchases with your Card in a billing period and earn 20% more points on those purchases less returns and credits. Terms and limitations apply.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms and limitations apply.
  • You can use Membership Rewards® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
Introductory Bonus Reward PointsPoint RewardsBonus Reward PointsGrocery Rewards
Our Review: If you tend to charge at least 20 purchases a month on your credit card, you may want to consider switching to the EveryDay Credit Card from American Express. Read on for the reasons why the rewards credit card may be a good addition to your wallet... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 15 months
0% on Balance Transfers for 15 months
12.99% - 21.99% Variable
$0

Blue Cash Everyday Card from American Express
Read ReviewApply for Blue Cash Everyday Card from American Express
At American Express' Secure Site
  • Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases, 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and restrictions apply.
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsEventsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn Protection Travel Accident Insurance
Our Review: If you’re looking for a cash back credit card that rewards you for common purchases and doesn’t charge an annual fee, you should check out the Blue Cash Everyday Card from American Express. This card also offers $100 back after you spend $1,000 on purchases on your new card in your first 3 months... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 15 months
0% on Balance Transfers for 15 months
12.99% - 21.99% Variable
$0

Blue Cash Preferred Card from American Express
Read ReviewApply for Blue Cash Preferred Card from American Express
At American Express' Secure Site
  • Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance
Our Review: If you are looking to get cash back rewards on common household categories like gas and groceries, consider the American Express Blue Cash Preferred Card. American Express created the Preferred card (with a $75 annual fee) as an upgrade to the Blue Cash Everyday Card... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 15 months
0% on Balance Transfers for 15 months
12.99% - 21.99% Variable
$75

The Amex EveryDay Preferred Credit Card from American Express
Apply for The Amex EveryDay Preferred Credit Card from American Express
At American Express' Secure Site
  • Earn 15,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months.
  • Earn 50% more points: Use your Card 30 or more times on purchases in a billing period and earn 50% more points on those purchases less returns and credits. Terms and limitations apply.
  • 3x points at US supermarkets on up to $6,000 per year in purchases (then 1x); 2x points at US gas stations; 1x points on other purchases. Terms and limitations apply.
  • You can use Membership Rewards® points to pay for all or part of your flight, prepaid hotel, vacation or cruise through amextravel.com
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
Introductory Bonus Reward PointsPoint RewardsBonus Reward PointsGas RewardsGrocery Rewards
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 15 months
0% on Balance Transfers for 15 months
12.99% - 21.99% Variable
$95

Chase Freedom
Read ReviewApply for Chase Freedom
At Chase's Secure Site
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • 5% Cash Back on up to $1,500 in combined purchases between 1/1/15-3/31/15 at grocery stores (not including Walmart® and Target® purchases), movie theaters, and Starbucks® stores
  • You'll enjoy new 5% categories every 3 months like restaurants, gas stations, and Amazon.com. It's free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases
  • No annual fee and rewards never expire as long as your account is open
Our Review: With its sign-up bonus, rotating 5% cash back categories, and 0% introductory APR for 15 months on purchases and balance transfers, the card is one of the most popular no-annual-fee rewards cards. Read this Chase Freedom review to see if this cashback credit card fits your lifestyle... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
13.99% - 22.99% (Variable)
$0

Miles & More Premier World MasterCard
Read ReviewApply for Miles & More Premier World MasterCard
At Barclaycard's Secure Site
  • Earn 20,000 award miles after first purchase and payment of the annual fee
  • Earn 2 award miles per $1 on ticket purchases directly from Miles & More integrated airline partners and 1 mile per $1 on all other purchases
  • Annual Companion Ticket after first purchase and annually thereafter
  • No foreign transaction fees on purchases made outside the U.S.
  • Redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, Star Alliance airlines and other partners
  • 0% Intro APR on Balance Transfers made within 45 days of account opening. After that, a variable APR currently 15.99% or 24.99%, based on your creditworthiness
  • $79 Annual Fee, waived for SEN and HON Circle Members
Introductory Bonus Airline RewardsAirline RewardsBonus Airline Rewards
Our Review: Fly Lufthansa Airlines at least a few times a year? Then consider earning miles with Lufthansa and receiving a lucrative introductory bonus with the Miles and More Premier World MasterCard. At a reasonable $79 annual fee, you’ll come out ahead with these rewards... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0% for 15 months on balance transfers made within the first 45 days of account opening
15.99% or 24.99%* Variable
$79

Barclaycard Arrival Plus World Elite MasterCard
Read ReviewApply for Barclaycard Arrival Plus World Elite MasterCard
At Barclaycard's Secure Site
  • Earn 40,000 bonus miles when you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $400 travel statement credit
  • 0% intro APR for 12 months for each Balance Transfer made within 45 days of account opening. After that, a variable APR currently 14.99% or 18.99%, depending on your creditworthiness.
  • Earn 2X miles on all purchases - Miles don't expire as long as your account is open, active and in good standing
  • Chip card for increased confidence and convenience to pay abroad as easily as you do at home
  • Redeem your miles for travel statement credits - redemptions start at 2,500 miles for $25 toward travel purchases made in the last 120 days
  • Get 10% miles back to use toward your next redemption every time you redeem for travel statement credits
  • No foreign transaction fees on anything you buy while in another country
  • Complimentary online FICO® Credit Score access for Barclaycard Arrival cardmembers
Introductory Bonus Airline RewardsAirline RewardsHotel RewardsTravel RewardsCar Rental RewardsTravel Accident InsuranceEmergency Assistance
Our Review: If you want to earn 2x miles with all purchases and have the flexibility to redeem miles toward any airline purchase, consider the Barclaycard Arrival Plus World Elite MasterCard. The $89 annual fee card lets you earn miles quickly with no mileage caps. In addition, a 40,000 bonus mile offer makes this card an attractive choice... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0% for 12 months (must be completed within first forty-five days of account opening)
14.99% or 18.99%* Variable
$89 - Waived first year

Barclaycard Arrival World MasterCard
Read ReviewApply for Barclaycard Arrival World MasterCard
At Barclaycard's Secure Site
  • Earn 20,000 bonus miles when you spend $1,000 on purchases in the first 90 days — that's enough to redeem for a $200 travel statement credit
  • 0% intro APR for 12 months for each Balance Transfer made within 45 days of account opening. After that, a variable APR currently 14.99% or 18.99%, depending on your creditworthiness.
  • Earn 2X miles on travel and dining and 1X miles on all other purchases
  • Miles don't expire as long as your account is open, active and in good standing
  • Book the travel you want — airfare, hotels, cruises and more and earn miles on your purchase
  • Get 10% miles back to use toward your next redemption every time you redeem for travel statement credits
  • No foreign transaction fees on anything you buy while in another country
  • Complimentary online FICO® Credit Score access for Barclaycard Arrival cardmembers
Introductory Bonus Airline RewardsAirline RewardsHotel RewardsTravel RewardsCar Rental RewardsDining RewardsNo Limits on RewardsTravel Accident InsuranceEmergency Assistance
Our Review: If you like to travel, you can earn 2X miles on travel and dining purchases and 1X miles on all other purchases with the Barclaycard Arrival World MasterCard. Every time you buy something on this card, you earn miles. These miles are good for statement credits toward flights, hotels, car rentals, and cruises. This program is especially generous when you consider that this card does not have an annual fee... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0% for 12 months (must be completed within first forty-five days of account opening)
14.99% or 18.99%* Variable
$0

Barclaycard Ring MasterCard - 1% Back on Balance Transfers
Read ReviewApply for Barclaycard Ring MasterCard - 1% Back on Balance Transfers
At Barclaycard's Secure Site
  • Get a 1% Statement Credit back on the amount of balance transfers made in the first 60 days of account opening
  • No Balance Transfer Fees - start saving immediately!
  • A low 8% variable APR on balance transfers and purchases
  • No Annual Fees
  • Choose your card benefits and features
  • Get rewarded through the new Giveback™ program, where Barclaycard Ring members get money back for good performance
  • Get exclusive access to our online community and vote on the card features you like and view the financials of the Barclaycard Ring MasterCard online
  • Learn more about personal finance from Barclaycard and other members
Our Review: With a low 8% variable APR on purchases and a community-driven approach for its fees and benefits, the Barclaycard Ring MasterCard might be the world's best social credit card. The novel, community-driven approach allows cardholders to vote on what benefits or features they want and share in the estimated profit of the community's financial performance. It’s a modern card with an attractive low interest rate... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
8% (Variable)
$0

Balance Transfer Benefits

Top 4 Balance Transfer Credit Card Benefits

With all of the available credit cards that are out there, it can be hard to know which card is right for you. Balance transfer credit cards are a great option for you to consider as they can help you pay off debt faster while saving you money.

  • Save money

    Everyone is looking for ways to save money, and a balance transfer credit card could be the answer for you. By transferring your balances from high rate credit cards to a lower-rate card, you will be paying less interest.

    The best balance transfer credit cards usually offer 0% introductory APRs. This means you won’t have to pay any interest for the introductory period, which leads to huge savings.

    Here’s an example of the savings you could get when you take advantage of a balance transfer credit card. Let’s say you currently have $3,000 on a credit card with 24% APR. You decide to do a balance transfer to a card with 13% APR; this new card is also offering an introductory rate of 3% for six months. You save $483 just in the first year of the balance transfer.

    Estimate Your Balance Transfer Savings

    Enter information about your existing credit card(s)
    CardBalanceAPR (Interest Rate)
    #1$ %
    #2$ %
    #3$ %

    Enter information about the card you're transferring to
    Enter the intro APR on Balance Transfers (Interest Rate): %
    Enter the length of the intro period: months
    Enter the regular APR (Interest Rate): %
    Enter the annual fee:$
    Enter the balance transfer fee (% of balance): %
    Enter monthly payment:$

  • Pay off debt

    Balance transfers also help you pay off your debts faster because you will have less debt to pay off. Sure, the initial balance is the same as the one you had with your existing card, but because you will owe less in interest, you will end up paying less to the credit card issuer overall.

    One great way to pay off your debt quicker with the help of a balance transfer credit card is to continue making the same monthly payments that you were paying on your original cards. Once transferred, you will notice that your monthly minimum payment will be lower with the new lower rate. But if you keep paying the same minimum payment as you were before, you could shave years off the time that it takes to pay off the balance.

  • Increase your buying power

    A new credit card will also boost your buying power. Balance transfer credit cards often have higher limits than a regular credit card. This means that you will have more credit available to you for upcoming purchases. This is a valuable benefit if you plan on purchasing furniture, electronics, appliances, or other big ticket items in the near future. Just be sure to be responsible with that new limit.

    Keep in mind, promotional interest rate offers may cause you to lose the grace period on purchases if you do not pay the entire statement balance (including the amount subject to the promotional APR) by the payment due date. If you plan to carry a balance, contact the credit card issuer to find out about the effects of the promotional APR offers on the grace period for new purchases.

  • Increase your credit score

    Being responsible with your balance transfer credit card will also help you increase your credit score. Many people do not realize that credit scores take into consideration their debt-to-limit ratio. This is the percentage of your credit card limits that you are currently using. In other words, the higher your balances, the more this figure may affect your score.

    As mentioned previously, transferring your balances to a lower rate card will help you pay off your debt quicker. This will automatically help you boost your credit score. This is a good thing, especially if you have your eye on a new car or are in the market for a new house. Every little thing helps when it comes to your overall credit and its effect on future interest rates.


Articles on Balance Transfer

    Best Balance Transfer Credit Cards

    Paying off your credit card balances is one of the best moves you can make to improve your financial situation. But if you can’t afford to wipe your debt clean, then transferring your balance to a low interest credit card is your next best option.

    10 Ways to Get Out of Debt

    By Sheryl Nance-Nash - Money Tips
    Perhaps you've been relying on your credit cards to get you through unemployment, underemployment, or, truth be told, you simply have spending issues . Whatever the reason you find yourself overwhelmed by bills, bills, and more bills, you know ...
    Mistakes

    6 Common Balance Transfer Mistakes to Avoid

    By Grace C - Money Tips
    We love the idea of balance transfers. They allow us to transfer higher-rate balances to one low-rate credit card, thereby allowing us to both simplify our monthly debt payments and save money.

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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: The card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.