Some cards are from Credible partners.
With a balance transfer card you’ll want to carefully evaluate a few factors in order to decide what is right for you:
- Do you also want to get a break on accruing interest for a period of time to make a big purchase or to get a break from interest on your everyday purchases?;
- Are you also interested in earning rewards? or
- Are you trying to find a card that will not charge a fee for the balance transfer in addition to offering a break on the interest?
We compared a variety of different cards, evaluating them based on their fees, rewards rates, APRs, balance transfer durations, and other details, to bring you some of the best balance transfer credit cards of 2018.
Best for no-fee balance transfer
0% Balance transfer period
0% Purchase period
14.49% - 24.49%
Ongoing variable APR
BankAmericard® Credit Card
on Bank of America's website
If you don’t want to pay any interest or fees for a balance transfer, the BankAmericard® Credit Card is a card you should consider. This card offers a 0%, zero fee balance transfer for the first 60 days. After that, the fee jumps to 3% or $10, whichever is greater. With no annual fee, a 15 month 0% introductory APR offer, and no penalty APR for paying late, this is a solid choice for anyone looking to pay down their existing debt.
The no fee transfer offer for the first 60 days along with a generous 0% introductory APR offer of 15 months is what makes the BankAmericard® Credit Card a great balance transfer card.
- 0% APR for both purchases and balance transfers for the first 15 months, after which interest increases to 13.24% – 23.24% variable APR based on your creditworthiness
- $0 introductory fee for transactions and balance transfers made within 60 days of opening your account, after that your fee is either $10 or 3% of the amount of each transfer, whichever is greater
- No penalty APR. Paying late won’t automatically raise your APR
If you’re looking for a rewards card as well as a balance transfer offer, then this card is not the best for you. The BankAmericard® Credit Card offers no rewards for spending.
Best for longer term balance transfer plus cash back
Balance transfer fee
Balance transfer intro APR
Intro balance transfer period
Discover it® Balance Transfer
If you’re looking to transfer a high-interest balance to a card that will also earn you cash back, then the Discover it® Balance Transfer may be for you. With an 18-month, 0% APR offer on balance transfer and 6-month, 0% APR on purchases, this card offers one of the longest lasting balance intro rates. Plus a generous 5% cash back on rotating categories for up to $1,500 in spend (as long as you activate the categories on a quarterly basis) and 1% cash back on all other purchases makes this a very attractive balance transfer card.
With rotating rewards up to 5% and a year and a half of 0% balance transfer APR, this card is great for transferring high-interest credit card debt while still offering long term value. The 0% APR also lasts for 6 months for purchases, after which the variable APR increases to between 13.74% – 24.74%
- INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- Redeem cash back any amount, any time. Rewards never expire.
- 100% U.S. based customer service.
- Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Receive FREE Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
- No annual fee.
If you’re looking to make a large purchase instead of a balance transfer, other cards offer longer term 0% APR for purchases. Also, if you don’t want to deal with keeping track of rotating rewards, a flat-rate cash back balance transfer card may be better suited to your spending. And the other trade off is that you need to consider the 3% fee you will incur on the balance transfer and weigh that against the 18-months of no interest.
Best for its intro bonus
$0 Annual Fee
Fee for maintaining card
$150 Welcome Offer Value
As of 07/2018
1% Cash Back
on Chase's website
The Chase Freedom® Credit Card is a great option for a balance transfer card because of its generous 15 months 0% introductory APR plus a solid signing bonus of $150 after you spend $500 in the first 3 months.
With rotating categories ranging from grocery stores to gas stations to restaurants and entertainment – and a high rewards rate of 5% – this card is very attractive for those whole like to plan their purchases ahead. Add on a 1% cash back on all other purchases, plus a solid introductory bonus of $150 makes this card look pretty enticing.
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
- Enjoy new 5% categories each quarter
- Unlimited 1% cash back on all other purchases - it's automatic
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
- Free credit score, updated weekly with Credit Journey℠
- No annual fee
Like many other balance transfer cards, you have to weigh the money you will save on interest with the fact that you will pay $5 or 5%, whichever is greater, to make the balance transfer in the first instance. Additionally, if you don’t want to keep track of rotating categories, including having to activate them each quarter, or you desire a longer term introductory APR, there are other cards that may better suit your needs.
Is the Chase Freedom® card right for you? Read our full review here.