17 Best Balance Transfer Credit Cards In 2024 | Best Credit Cards
17 Best Balance Transfer Credit Cards | Best Credit Cards. Many people pay such high-interest rates on their balances that it can take years or even decades to pay off their debts. In those cases were paying off, old-fashioned debts seem insurmountable, a balance transfer card can be the right choice for you.
What types of debts can I transfer to a credit card?
When you transfer funds, you are transferring the amount you owe from one credit card to another credit card. The receiving card can be a card you already have or a new account you have. You can enjoy free balance transfer using balance transfer checks from the bank issuing the credit card. Please note that most issuers do not allow you to transfer funds from another card from the same bank.
What is a balance transfer credit card?
With a bank transfer credit card, you can transfer the credit from a credit card or customer card, on which you may be paying interest, to another credit card. This can be a great way to keep track of your balance and payments in one place. If you’ve recently compared credit cards and found a credit card that charges less interest, you can save money by transferring debt from one credit card to another.
Transferring your card balance could help you pay off your outstanding balance sooner and even reduce your spending. Transferring high-interest balances to a credit card with a promotional offer or a lower interest rate can save you money on interest payments.
When should you consider a balance transfer?
A balance transfer can be useful if, for example, you have high-interest debts. With a balance transfer, you can save money by moving debt from a high-interest account to a low-interest account. If you also don’t want to juggle multiple payments every month, you may be able to use a balance transfer credit card to combine debts so you have fewer monthly payments to track and manage.
A 0% introductory credit transfer rate could help you settle your debts faster by reducing the interest you pay on the transferred balance.
Best Balance Transfer Credit Cards 2024
Wells Fargo Platinum card:
An 18-month introductory period of 0% APR for both qualifying purchases and credit transfers makes the Wells Fargo Platinum Card a great option to pay off debt or fund a major purchase. It comes with a $0 annual fee and FICO Score Tracking
Discover it® Balance Transfer:
If you want to pay off high-interest credit card debt, switching to the Discover it® Balance Transfer credit card can make a big contribution to paying it interest-free (0% APR intro on balance transfers for the first 18 months, then 11.99% – 22, 99% Variable APR thereafter).
U.S. Bank Visa® Platinum Card:
The USBank Visa® Platinum card offers a very long introductory APR and no annual fee. There are two caveats, namely the transfer fee and the lack of a rewards program. The interest savings during the introductory phase can, however, be dwarfed. The pros of getting the U.S. Bank Visa Platinum Cards are: No APR Penalty, 0% Long Initial APR Period, and Cell phone protection is a helpful benefit.
Citi® Double Cash Card:
The simple cashback structure of the Citi Double Cash card and the long-lasting APR offer make the Citi Double Cash card a favorite for those who want to set it up and forget about it, with their 0% introductory APR offer, all without an annual fee.
Citi® Diamond Preferred® Card:
Those looking to consolidate debt and pay it off over time will appreciate the long introductory offer on balance transfers. The zero annual fees further increase their economical attractiveness. On the other hand, this card offers few advantages and comes with a high transfer fee.
Bank of America® Unlimited Cash Rewards credit card:
Not only do cardholders enjoy a starting APR of 0% for both credit transfers in the first 60 days and purchases over 15 billing cycles (then 13.99% to 23.99% variable APR), they can also enjoy an unlimited cashback of € 5 on all eligible purchases. Bank of America Preferred Rewards members earns even more with an additional 25% to 75% increase in Cashback Rewards (the value of the increase depends on the amount of your eligible Bank of America accounts) 90 days after opening an account and start earning an online cash rewards bonus of $ 200. There is no annual fee for this card. Cash rewards never expire as long as your account is in good condition.5.
Discover it® Balance Transfer:
If you want to pay off high-interest credit card debt, switching to the Discover it® Balance Transfer credit card can make a big contribution to paying it interest-free (0% APR intro on balance transfers for the first 18 months, then 11.99% – 22, 99% Variable APR thereafter).
Bank of America® Customized Cash Rewards credit card:
Bank of America’s Personalized Cash Rewards card comes with an excellent introductory APR of 0% for the first 15 billing cycles if initiated within the first 60 days, then 13.99% by 23, 99% effective APR variable (balance transfer fee applies, minimum USD 10 and cardholders earn USD 3.99 in a monthly category of their choice, e.g. purchases) and 1% for general purchases. The option to choose their monthly bonus category offers a lot of flexibility to maximize potential revenue. This card does not have an annual fee.
SunTrust Prime Rewards Credit Card:
The SunTrust Prime Rewards Credit Card offers an extremely long, 36-month introductory bank transfer APR for transfers within the first 60 days of account opening, by far the longest in its category.
Wells Fargo Active Cash℠ Card:
Keeping the Wells Fargo Active Cash℠ card in your wallet after the initial APR has expired is well worth it, as you get a high, fixed price on everything you buy. The card offers an initial APR of 0% for 15 months from account opening for qualifying purchases and credit transfers, then the ongoing APR of 14.99% 24.99% variable APR. and there’s a hefty sign-up bonus too, all for a $ 0 annual fee.
Citi Rewards® Card:
The Citi Rewards + ® card offers a solid credit transfer offer for new cardholders. You will receive an introductory APR of 0% for 15 months from the date of the first transfer and for purchases made from the date you opened the account, then the ongoing APR of 13.49% 23.49% variable APR.
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