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Balance Transfer

Balance Transfer

Compare balance transfer credit cards from our partners and apply online
Other credit cards want your business. That’s why most of them have special balance transfer offers that let you move your debt and take advantage of a lower interest rate (some even offer 0% APR for a limited time). We’ve got you covered with the latest balance transfer card deals on CreditDonkey, plus tips on how to choose which one is best for you.

Read more about: Low Interest Credit Cards

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How to Choose a Balance Transfer Credit Card

This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the advertiser's affiliate programs.

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

  1. 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.

  2. Balance Transfer Fee
    Balance transfers often come with a fee that typically ranges from 3% to 5% of the balance that you are transferring to the new card. The difference between balance transfer no fee, 3%, and 5% may not seem like much, but if you have a large balance, it can make a huge impact on your bill.

  3. 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.

Balance Transfer Offers

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Paying off credit card debt may seem like an uphill battle, especially with rapidly accruing interest, but a balance transfer credit card could help level out the field.

Barclaycard Ring
Apply for Barclaycard Ring MasterCard
Low Ongoing APR: Barclaycard Ring

  • Barclaycard Ring offers a low 8.25% ongoing variable APR on purchases and balance transfers. Plus, there is no balance transfer fee and no annual fee.

    While there is no introductory APR on balance transfers, the low 8.25% variable APR on purchases and balance transfers makes this an attractive card for ongoing use.

  • To learn more, read our in-depth Barclaycard Ring review.

Related: Balance Transfer Calculator

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Editorial Note: This content is not provided by Barclaycard. 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 Barclaycard. This site may be compensated through the Advertiser's affiliate programs.


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 10.24%-21.24%*
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • Zero 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 keep your account safe
  • Chip technology for enhanced card security
  • Online banking and mobile apps* for your smartphone or tablet provide complete, 24/7 access to your account
Car Rental Insurance$0 Fraud Liability
Our Review: If you're planning a big purchase or you're carrying a balance on a credit card with a ridiculously high interest rate, shopping around for a 0% APR promotional deal should be at the top of your to-do list... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 billing cycles*
0% for 15 billing cycles*
10.24% - 21.24%* (Variable)
$0*

Barclaycard CashForward World MasterCard
Read ReviewApply for Barclaycard CashForward World MasterCard
At Barclaycard's Secure Site
  • Get a $100 cash rewards bonus after you spend $500 in purchases in the first 90 days after account opening
  • Earn unlimited 1.5% cash rewards on every purchase
  • Every time you redeem, get a 5% cash rewards redemption bonus to use toward your next redemption
  • Redeem your cash rewards for a deposit into your bank account, a statement credit or gift cards. Redemptions start at $50
  • Cash rewards do not expire as long as your account is open, active and in good standing
  • 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After that a variable APR will apply, 14.99%, 19.99% or 24.99%, based on your creditworthiness.
  • Please note, there is a fee for balance transfers
  • No annual fee
Introductory Bonus Cash BackCash Back RewardsBonus Cash BackNo Expiration on Rewards$0 Fraud Liability
Our Review: Are you proud of your excellent credit? You should be, as you’re a wanted person. The Barclaycard CashForward™ World MasterCard®, aimed at people who have great credit, rewards you nicely. With its generous $100 promotion and its above-average 1.5% cash rewards on all purchases, this cash back credit card is worth considering... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0% for 15 months (on balance transfers made within 45 days of account opening)
14.99%, 19.99% or 24.99% Variable
$0

Blue Cash Everyday Card from American Express
Read ReviewApply for Blue Cash Everyday Card from American Express
At American Express' Secure Site
  • Special Offer - Earn 5% cash back on eligible travel purchases in the first 6 months, up to $200.
  • Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • You will receive cash back in the form of statement credits.
  • Everyday Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 2% at U.S. gas stations; 1% on other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
  • See Rates & Fees
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance $0 Fraud Liability
Our Review: If you want a cash back credit card with the same rewards categories year-round and no annual fee, then consider the Blue Cash Everyday Card. Read on for the pros and cons... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
13.24% - 23.24% 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 Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • Use your Card 20 or more times on purchases 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 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
  • See Rates & Fees
Introductory Bonus Reward PointsPoint RewardsBonus Reward PointsGrocery Rewards$0 Fraud Liability
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% for 12 months
0% for 12 months
13.24% - 23.24% Variable
$0

Blue Cash Preferred Card from American Express
Read ReviewApply for Blue Cash Preferred Card from American Express
At American Express' Secure Site
  • Special Offer - Earn 5% cash back on eligible travel purchases in the first 6 months, up to $200.
  • Plus, earn $150 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • You will receive cash back in the form of statement credits.
  • Everyday Cash Back: 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 3% at U.S. gas stations; 1% other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
  • See Rates & Fees
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance $0 Fraud Liability
Our Review: If you are looking to get cashback rewards on common household categories like gas and groceries, consider the Blue Cash Preferred Card. American Express created the Preferred card as an upgrade to the Blue Cash Everyday... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
13.24% - 23.24% Variable
$95

The Amex EveryDay Preferred Credit Card from American Express
Read ReviewApply for The Amex EveryDay Preferred Credit Card from American Express
At American Express' Secure Site
  • Earn 15,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • 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® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking through amextravel.com.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and Conditions apply.
  • See Rates & Fees
Introductory Bonus Reward PointsPoint RewardsBonus Reward PointsGas RewardsGrocery Rewards$0 Fraud Liability
Our Review: The EveryDay Preferred credit card is worth considering if you have excellent credit and plan to use this card frequently to take full advantage of its rewards. This is the type of the card that is meant to come out of your wallet several times throughout the month — or else you’ll find the $95 annual fee won’t be worth it... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
13.24% - 23.24% Variable
$95

Barclaycard Arrival Plus World Elite MasterCard
Read ReviewApply for Barclaycard Arrival Plus World Elite MasterCard
At Barclaycard's Secure Site
  • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
  • Earn 2X miles on all purchases
  • Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.24%, 20.24% or 23.24%, based on your creditworthiness.
  • Please note, there is a fee for balance transfers.
Introductory Bonus Airline RewardsAirline RewardsHotel RewardsTravel RewardsCar Rental RewardsNo Expiration on RewardsTravel Accident InsuranceEmergency Assistance
Our Review: Is this 2x miles credit card worth the $89 annual fee? Read on to see how the Arrival Plus compares with top travel rewards credit card... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0% for 12 months (on balance transfers made within 45 days of account opening)
16.24%, 20.24% or 23.24% Variable
$89 - Waived first year

Barclaycard Ring MasterCard
Read ReviewApply for Barclaycard Ring MasterCard
At Barclaycard's Secure Site
  • No Balance Transfer Fees - start saving immediately!
  • A low variable APR on balance transfers and purchases
  • No Annual Fee
  • Choose your card benefits and features
  • Get rewarded through the new Giveback(TM) 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
  • Complimentary FICO® Credit Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account.
Our Review: With a low 8.25% 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... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
8.25%* 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

    10 Ways to Get Out of Debt

    By Sheryl Nance-Nash - Tips
    Are you overwhelmed by debt and have no idea how to start tackling it? Not to worry. We have 10 simple tips to help you get back in the black.
    Mistakes

    6 Common Balance Transfer Mistakes to Avoid

    By Grace C - 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.