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If you find yourself carrying credit card debt — be it from the holiday season, an unexpected emergency, or plain old financial pressures — there could be an escape for you to keep from paying a ton of interest.

You can avoid increasing interest on your debt through balance transfer credit cards with introductory 0% APR offers. But you’ll need to handle these cards wisely to avoid incurring even more debt.   

Find the right balance transfer credit card for you

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0% intro APR for 18 months from account opening on purchases and qualifying balance transfers (3 months intro APR extension with on-time minimum payments during the intro period)

Regular APR

15.99% – 27.99% variable APR

0% intro APR on balance transfers for 21 months and on purchases for 12 months

Regular APR

17.74% – 27.74% Variable

0% intro APR on purchases and balance transfers for the first 15 months

Regular APR

17.24% – 25.99% Variable

0% intro APR on balance transfers for 21 months and on purchases for 12 months from account opening

Regular APR

16.74% – 26.74% Variable

0% intro APR on purchases and balance transfers for the first 15 months

Regular APR

17.24% – 25.99% Variable

0% intro APR on balance transfers for 18 months

Regular APR

16.99% – 26.99% Variable

0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months)

Regular APR

17.99% – 27.99% Variable

0% intro APR on purchases and balance transfers for 18 billing cycles

Regular APR

17.49% – 27.49%(Variable)

0% intro APR on balance transfers for 18 months and on purchases for 6 months

Regular APR

14.99% – 25.99% Variable

0% intro APR on balance transfers and purchases for 15 months

Regular APR

16.99% – 26.99% Variable

0% intro APR on purchases and balance transfers for 18 months from account opening

Regular APR

17.24% – 25.99% Variable

Here are the best balance transfer cards available today based on their introductory offers, fees, and perks.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Compare the best credit cards for balance transfers

Wells Fargo Reflect® Card

Wells Fargo Wells Fargo Reflect® Card

Wells Fargo Reflect® Card


Recommended Credit

Good to Excellent


Regular APR

15.99% – 27.99% variable APR


Intro APR

0% intro APR for 18 months from account opening on purchases and qualifying balance transfers (3 months intro APR extension with on-time minimum payments during the intro period)

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Citi Citi Simplicity® Card

Citi Citi Simplicity® Card


Recommended Credit

Good to Excellent


Regular APR

17.74% – 27.74% Variable


Intro APR

0% intro APR on balance transfers for 21 months and on purchases for 12 months

Editor’s Rating

4.85/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Citi Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card

Citi Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card


Recommended Credit

Good to Excellent


Regular APR

16.74% – 26.74% Variable


Intro APR

0% intro APR on balance transfers for 21 months and on purchases for 12 months from account opening

Editor’s Rating

4.7/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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American Express Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express


Intro offer

$200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.

American Express Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express


Intro offer

$200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.

On American Express’s website


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.


Intro offer

$200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months


Recommended Credit

Good to Excellent


Regular APR

16.99% – 27.99% Variable


Intro APR

0% intro APR on purchases and balance transfers for 15 months from account opening

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Chase Chase Freedom Unlimited®

Chase Freedom Unlimited®


Intro offer

1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back)


Rewards

Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

Chase Chase Freedom Unlimited®

Chase Freedom Unlimited®


Intro offer

1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back)


Rewards

Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.


Rewards

Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.


Intro offer

1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back)


Recommended Credit

Good to Excellent


Regular APR

17.24% – 25.99% Variable


Intro APR

0% intro APR on purchases and balance transfers for the first 15 months

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Chase Chase Freedom Flex℠


Intro offer

$200 after spending $500 on purchases in the first three months from account opening


Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.

Chase Chase Freedom Flex℠


Intro offer

$200 after spending $500 on purchases in the first three months from account opening


Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.


Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.


Intro offer

$200 after spending $500 on purchases in the first three months from account opening


Recommended Credit

Good to Excellent


Regular APR

17.24% – 25.99% Variable


Intro APR

0% intro APR on purchases and balance transfers for the first 15 months

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Citi Citi® Double Cash Card


Intro offer

$200 cash back after spending $1,500 on purchases in the first 6 months of account opening


Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Citi Citi® Double Cash Card


Intro offer

$200 cash back after spending $1,500 on purchases in the first 6 months of account opening


Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.


Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.


Intro offer

$200 cash back after spending $1,500 on purchases in the first 6 months of account opening


Recommended Credit

Good to Excellent

Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.

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Regular APR

16.99% – 26.99% Variable


Intro APR

0% intro APR on balance transfers for 18 months

Editor’s Rating

5/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Citi Citi Custom Cash℠ Card


Intro offer

$200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening


Rewards

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases.

Citi Citi Custom Cash℠ Card


Intro offer

$200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening


Rewards

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases.


Rewards

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases.


Intro offer

$200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening


Recommended Credit

Good to Excellent


Regular APR

16.99% – 26.99% Variable


Intro APR

0% intro APR on balance transfers and purchases for 15 months

Editor’s Rating

4.7/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Capital One Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card


Intro offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening


Rewards

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases.

Capital One Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card


Intro offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening


Rewards

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases.


Rewards

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases.


Intro offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening


Recommended Credit

Good to Excellent


Regular APR

17.99% – 27.99% Variable


Intro APR

0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months)

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U.S. Bank U.S. Bank Visa® Platinum Card

U.S. Bank Visa® Platinum Card

U.S. Bank U.S. Bank Visa® Platinum Card

U.S. Bank Visa® Platinum Card


Recommended Credit

Good to Excellent


Regular APR

17.49% – 27.49%(Variable)


Intro APR

0% intro APR on purchases and balance transfers for 18 billing cycles

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Discover Discover it® Balance Transfer

Discover it® Balance Transfer


Intro offer

Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year


Rewards

Earn 5% cash back after activation on rotating categories each quarter (up to $1,500 in quarterly purchases, then 1%), 1% for all other purchases

Discover Discover it® Balance Transfer

Discover it® Balance Transfer


Intro offer

Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year


Rewards

Earn 5% cash back after activation on rotating categories each quarter (up to $1,500 in quarterly purchases, then 1%), 1% for all other purchases


Rewards

Earn 5% cash back after activation on rotating categories each quarter (up to $1,500 in quarterly purchases, then 1%), 1% for all other purchases


Intro offer

Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year


Recommended Credit

Good to Excellent


Regular APR

14.99% – 25.99% Variable


Intro APR

0% intro APR on balance transfers for 18 months and on purchases for 6 months

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Chase Chase Slate Edge℠


Intro offer

0% intro APR on purchases and balance transfers for 18 months from account opening

Chase Chase Slate Edge℠


Intro offer

0% intro APR on purchases and balance transfers for 18 months from account opening


Intro offer

0% intro APR on purchases and balance transfers for 18 months from account opening


Recommended Credit

Good to Excellent


Regular APR

17.24% – 25.99% Variable


Intro APR

0% intro APR on purchases and balance transfers for 18 months from account opening

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The best balance transfer credit card reviews

Wells Fargo Reflect® Card

The Wells Fargo Reflect® Card tops our list for its extra-long intro APR offer on both balance transfers and purchases. New cardholders receive a 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers (3 months intro APR extension with on-time minimum payments during the intro period) (then 15.99% – 27.99% variable APR). Balance transfers must occur within 120 days of account opening to qualify for the intro 0% APR rate. 

Although the Wells Fargo Reflect® Card doesn’t earn rewards for spending, cardholders do get a handful of good benefits, including cell phone protection and roadside dispatch. The cell phone protection is particularly compelling because no-annual-fee cards typically don’t offer it. When you use the Wells Fargo Reflect® Card to pay your monthly cell phone bill, you’ll receive coverage for cell phone damage or theft, up to $600 (with a $25 deductible) with a maximum of two claims per 12-month period.

Pros: Ultra-long 0% introductory APR on balance transfers and purchases, no annual fee

Cons: No welcome bonus offer or rewards, and few benefits aside from cell phone protection

Review: Wells Fargo Reflect card review

Citi Simplicity® Card

Consumers with a lot of high-interest credit card debt could save more with a card that offers a 0% intro APR for as long as possible. The Citi Simplicity® Card extends one of the best offers in this category.

There’s no annual fee, yet you get a 0% intro APR on balance transfers for 21 months and on purchases for 12 months (transfers must be completed in the first four months). After that, your rate goes up to a 17.74% – 27.74% Variable APR based on your creditworthiness. Having a full 21 months with a 0% intro APR on balance transfers could help you pay down a ton of debt, but keep in mind you’ll pay a 5% balance transfer fee (minimum of $5) for the privilege, and you need to make all transfers in the first four months.

Other perks this card offers include automatic account alerts, 24/7 customer service, and the ability to choose your payment due date. 

Pros: No annual fee, solid 0% intro APR, no late fees

Cons: 5% balance transfer fee (minimum $5), few cardholder perks

Review: Citi Simplicity card review

Citi® Diamond Preferred® Card

The Citi Diamond Preferred card offers a 0% intro APR on balance transfers for 21 months and on purchases for 12 months from account opening (then a 16.74% – 26.74% Variable APR applies).

You can transfer a balance either over the phone or through your online Citi account in the “Balance Transfers” section under the “Payments and Transfers” menu. 

The biggest difference between the Citi Simplicity® Card and Citi Diamond Preferred card is that the Citi Simplicity® Card doesn’t charge late fees or a penalty APR, while a late fee of up to $41 and a penalty APR of up to 29.99% applies if you pay late with the Citi Diamond Preferred card.

The Citi Diamond Preferred card also charges a foreign transaction fee on purchases made outside of the US, which means it’s not an ideal card for international travel. 

Pros: No annual fee, ultra-long 0% intro APR, purchase protection

Cons: 5% balance transfer fee (minimum $5), doesn’t waive late fees

Review: Citi Diamond Preferred card review

Until recently, Amex didn’t offer any cards with a 0% intro APR on balance transfers. That’s now changed with the refresh of the no-annual-fee Blue Cash Everyday® Card from American Express, which improved the card’s bonus categories and added new monthly statement credits toward Home Chef and The Disney Bundle.

New cardholders receive a 0% intro APR on purchases and balance transfers for 15 months from account opening, followed by a 16.99% – 27.99% Variable APR. To qualify for the introductory rate, balance transfers must be completed within the first 60 days of account opening, and there’s a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

This card has a welcome bonus offer of a $200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months. You’ll earn 3% cash back at US supermarkets (up to $6,000 per year, then 1%), 3% cash back on US gas stations (up to $6,000 per year, then 1%), 3% cash back on US online retail purchases (up to $6,000 per year, then 1%), and 1% cash back on all purchases (cash back is received in the form of Reward Dollars). 

Pros: Long 0% intro APR, no annual fee, great earning rates in useful categories

Cons: Balance transfer fee, foreign transaction fees

Review: Amex Blue Cash Everyday card review

Chase Freedom Unlimited®

The Chase Freedom Unlimited® is a great pick if you’re looking for an intro APR on balance transfer and purchases with the opportunity to earn generous rewards for your day-to-day spending. New cardholders receive a 0% intro APR on purchases and balance transfers for the first 15 months (then a 17.24% – 25.99% Variable APR).

The intro balance transfer fee is 3% of the amount of each transfer (or $5, whichever is greater) on transfers made within 60 days of account opening. After that, the fee jumps to 5% of the amount of each transfer (or $5, whichever is greater). This card has no annual fee, but you will pay foreign transaction fees on international purchases.

While the Chase Freedom Unlimited® is marketed as a cash-back credit card, it actually earns Chase Ultimate Rewards® points, which you can redeem for cash back, travel booked through the Chase Portal, gift cards, merchandise, and more.

The card starts you out with a welcome bonus offer of 1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back). You’ll earn 5% back (5x points) on travel booked through Chase, 5% back (5x points) on Lyft rides through March 2025, 3% back (3x points) on dining (including takeout) and drugstores, and 1.5% back (1x points) on all other eligible purchases.

If you also have an annual-fee Chase card that earns Chase Ultimate Rewards points, such as the Chase Sapphire Preferred or the Chase Sapphire Reserve, you can combine your rewards and unlock more redemption options, including transferring points to Chase’s airline and hotel partners.

Pros: Intro APR on balance transfers and purchases, strong earning on all spending, earns valuable Chase Ultimate Rewards points

Cons: 3% intro balance transfer fee (then 5% or $5, whichever is greater, if transfers are made more than 60 days after account opening), foreign transaction fees

Review: Chase Freedom Unlimited card review

Chase Freedom Flex℠

New Chase Freedom Flex℠ cardholders receive a 0% intro APR on purchases and balance transfers for the first 15 months (then a 17.24% – 25.99% Variable APR). There’s an introductory balance transfer fee of 3% of the amount of each transfer (or $5, whichever is greater) for transfers made within 60 days of account opening (then a fee of 5% of the amount of each transfer or $5, whichever is greater).

There’s a welcome bonus offer of $200 after spending $500 on purchases in the first three months from account opening, plus cardholders can earn 5% (or 5x) in rotating categories each quarter (once activated) on up to $1,500 spent in combined spending. You’ll also earn 5% cash back (5x points) on travel purchases made through Chase, 5% back (5x points) on Lyft rides through March 2025, 3% back (3x points) on dining and drugstores, and 1% back (1x points) on everything else.

It’s possible to combine your rewards from the Chase Freedom Flex℠ with eligible annual-fee Chase cards to get more value from your points.

Pros: Earn up to 5x points on spending, no annual fee, earn valuable Chase Ultimate Rewards points

Cons: 3% intro balance transfer fee (then 5% or $5, whichever is greater, if transfers are made more than 60 days after account opening), foreign transaction fees

Review: Chase Freedom Flex card review

Citi® Double Cash Card

With the Citi® Double Cash Card, you get a 0% intro APR on balance transfers for 18 months from your date of first transfer when transfers are completed within four months from the date of account opening, then there’s a rate of 16.99% – 26.99% Variable. That’s a substantial amount of time to pay off your debt.

But what makes the Citi Double Cash Card a great pick is that it’s one of the best cash-back credit cards in general, so it’s worth using even after you’ve paid off your balance. You’ll effectively earn 2% cash back on everything — 1 point per dollar when you make a purchase, and 1 point per dollar when you pay it off.

Normally, this card doesn’t come with a welcome bonus, but right now it’s offering $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.

You won’t earn cash back on balance transfers, but it’s a great card for earning money back on your everyday expenses. And you can redeem your Citi ThankYou points at a rate of 1 cent each for cash back, travel, gift cards, and more.

The intro balance transfer fee is 3% of each transfer completed within the first four months of account opening, with a minimum of $5. The ongoing balance transfer fee is 5% of each balance transfer, with a minimum charge of $5.

Pros: Strong cash-back rate, no annual fee, long intro APR period

Cons: 5% balance transfer fee, 3% foreign transaction fee

Review: Citi Double Cash card review

Citi Custom Cash℠ Card

The  Citi Custom Cash℠ Card is a great choice if your spending habits tend to change from month to month. Cardholders earn 5% cash back on up to $500 in purchases in the eligible category they spend the most in each billing cycle (then 1%), and 1% on all other purchases.

The qualifying categories include everyday expenses that should appeal to most folks: restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.

New cardholders receive an introductory 0% intro APR on balance transfers and purchases for 15 months, then a 16.99% – 26.99% Variable APR. There’s a 5% balance transfer fee (minimum $5) and $0 annual fee.

Although it’s marketed as a cash-back card, the Citi Custom Cash℠ Card actually earns rewards in the form of Citi ThankYou points, which are worth 1 cent apiece for cash back, travel booked through Citi, gift cards, merchandise, and more. And if you have the Citi Premier® Card or Citi Prestige® Card
(no longer available to new applicants), you can pool your rewards and transfer points to airline and hotel partners

Pros: 0% intro APR on both balance transfers and purchases, no annual fee, strong rewards earning

Cons: 5% balance transfer fee, foreign transaction fees

Review: Citi Custom Cash card review

Capital One SavorOne Cash Rewards

The Capital One SavorOne Cash Rewards Credit Card is a great no-annual-fee option if you spend a lot on food and entertainment. There’s a solid welcome offer: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening. Cardholders earn 5% cash back on hotels and rental cars booked through Capital One Travel, 3% cash back on entertainment, streaming services, dining, and groceries, and 1% back on everything else.

New cardholders also qualify for a 0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months) of account opening (then a 17.99% – 27.99% Variable APR). 

This card recently added 5% cash back on hotels and car rentals booked through Capital One Travel and 8% cash back on Capital One Entertainment purchases. There’s also a promotion to earn 8% cash back on Vivid Seats purchases through January 2023.

Pros: 0% intro APR on both balance transfers and purchases, no annual fee, strong rewards earning, no foreign transaction fees

Cons: 3% balance transfer fee

Review: Capital One SavorOne card review

U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card is unique in the fact that it offers a 0% intro APR on more than just balance transfers. Once you sign up, you’ll get the introductory rate of 0% intro APR on purchases and balance transfers for 18 billing cycles (followed by a 17.49% – 27.49%(Variable) APR).

Getting a 0% intro APR on balance transfers and purchases makes this card a solid option for anyone who has debt to transfer or a big purchase to make. If you wanted to buy new appliances or use credit to cover a minor kitchen remodel, for example, you could do so and repay your balance at 0% intro APR for 18 billing cycles.

Other benefits you’ll get with this card include cell phone protection, a free TransUnion credit score each month, and the ability to choose your payment due date. This card also comes with no annual fee, although there is a balance transfer fee of 3% or $5.

Pros: 0% intro APR good for both balance transfers and purchases, no annual fee, cell phone protection

Cons: 3% balance transfer fee

Review: US Bank Visa Platinum card review

Discover it® Balance Transfer

Consumers who are carrying high-interest balances on other credit cards and considering a balance transfer should look at the Discover it® Balance Transfer. It offers a 0% intro APR on balance transfers for 18 months and on purchases for 6 months (then a 14.99% – 25.99% Variable APR), with an intro balance transfer fee of 3%, increasing up to 5% for future transfers. 

Not only does the Discover it® Balance Transfer offer 5% cash back in categories that rotate each quarter up to the first $1,500 on purchases, then 1% (enrollment required), but Discover will also match all the rewards you earn after the first year (from October 1 to December 31, 2022, you can earn 5% cash back at Amazon.com and on digital wallets on up to $1,500 in purchases after enrollment, then 1%). There’s no annual fee, and you qualify for free Social Security Number alerts, no foreign transaction fees, and no late fees on your first late payment.

Pros: 0% intro APR good for both balance transfers and purchases, Cashback Match in the first year

Cons: Only earns 1% back outside of bonus categories, 3% intro balance transfer fee and up to 5% fee on future balance transfers (see terms)

Review: Discover it Balance Transfer card review

Chase Slate Edge℠

The Chase Slate Edge℠ comes with a 0% intro APR on purchases and balance transfers for 18 months from account opening, but beyond that, it doesn’t earn rewards. It’s geared toward those who are taking steps to improve their financial situation, and offers features that can help you increase your credit score and reduce the amount of interest you pay.

It offers a 0% intro APR on purchases and balance transfers for 18 months from account opening, then a 17.24% – 25.99% Variable APR. Cardholders receive an automatic, one-time review for a higher credit limit if they’ve paid on time and spent at least $500 in the first six months of opening the Chase Slate Edge℠. 

Each account anniversary, you’ll be considered for a 2% APR reduction, as long as you’ve paid your card on time and spent at least $1,000 on purchases in the previous anniversary year. The reduction is capped, though — it will only be reduced until your APR reaches the Prime Rate plus 9.74% (currently 15.24% variable APR based on the Prime Rate of 5.5% as of August 2, 2022). 

Pros: Intro APR is good for both balance transfers and purchases, automatic consideration for credit line increase and APR reduction if spending requirements are met

Cons: No rewards or welcome bonus offer

Review: Chase Slate Edge card review

Methodology: How we chose the best balance transfer credit cards

Insider selected the best balance transfer cards by looking at all the credit cards with balance transfer offers that are currently available to new applicants. 

From there, we narrowed our list down to balance transfer cards offering 0% introductory offers. We arrived at our final picks by evaluating the terms of each introductory APR offer and other card benefits. We prioritized cards that charge lower balance transfer fees as well as cards with the longest introductory 0% APR periods on balance transfers. We also factored in other card benefits, such as cash back or travel rewards, annual fees, and waived late fees.

About balance transfer credit cards

The average credit card APR is around 16%, and it could be even higher depending on your credit score and the card you’re using. The last thing you want is to find yourself in the quicksand of credit card interest.

Before you decide to use a 0% intro APR credit card, be sure you have the means and a plan to pay off your balance in full before the introductory APR period ends — otherwise, you’ll end up having to pay interest on your remaining balance.

If you don’t think you’ll be able to pay off your debt in full by the time the introductory APR offer expires, a balance transfer credit card may not be worth it. 

Balance transfer credit card frequently asked questions (FAQ)

Balance transfer cards let those with existing credit card debt move their outstanding balance over from another card to avoid interest fees. You’re able to avoid interest on a balance transfer card thanks to an intro 0% APR offer, which lasts anywhere from nine to 21 months.

After this introductory period is over, your APR will reset to the standard variable rate. So you need to pay off your credit card debt in full before the intro APR period ends in order to avoid interest charges.

What’s the catch? Some balance transfer cards charge an upfront balance transfer fee of 3% or 5% of your balance — or $300 to $500 for every $10,000 in high-interest debt you transfer. If you don’t need to transfer a balance but you need to make a large purchase that you’ll need time to pay off, see our list of the best credit cards with intro APR offers.

Balance transfer cards can save you money by securing you a lower interest rate on your existing credit card debt. When you apply and are approved for a balance transfer credit card, you move over debt from another card, and you generally have an introductory 0% APR period before you have to start paying interest on that debt.

Ideally, you’ll pay off your debt before the introductory period ends — otherwise, you’ll have to pay interest on your remaining balance.

A balance transfer could be right for you if you currently have credit card debt, and have a plan to pay it off. By using a balance transfer credit card, you’ll get a bit of breathing room with the introductory 0% APR period. This allows you to pay off your debt without adding interest.

The first step in completing a balance transfer is applying for — and getting approved for — a balance transfer credit card. Once you have a card with an introductory APR offer on balance transfers, to transfer your credit card balance, you’ll need to request the transfer with the bank that issues your new balance transfer credit card.

You can generally initiate this process either online or by calling the number on the back of your card.

If you have bad credit — which is defined as a credit score below 669 — you probably won’t be approved for a balance transfer card.

A bank may be less inclined to approve you for a balance transfer card if your credit score and credit report indicate that you haven’t been able to consistently pay off debts in the past. 



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