Balance transfer credit card rates

Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.

The alternative option of paying high interest rates on your current card isn't a financially sound decision. However, if you can pay off your balance immediately and in full on your current card, that is more ideal. You'll save on any new interest fees as well as a balance transfer fee.

Once you get into larger figures, you may want to consider a different financial product to refinance your credit card debt like a personal loan or personal line of credit.

In addition, a large balance on a balance transfer credit card could negatively impact your credit score. This goes to show how credit card debt can rack up quickly, and by paying a small fee, you can quickly dodge a bullet and give yourself more repayment flexibility.

There are several balance transfer credit cards available, and many of them offer nearly identical benefits. However, you should pick a card based on your personal needs. When you're comparing balance transfer cards, keep these few points in mind:.

To earn cash back, pay at least the minimum due on time. See rates and fees , terms apply. Read our Citi Double Cash® Card review. Credit cards have extremely high interest rates , and because of that, credit card debt can be very difficult to get out of.

Such a card could save you plenty on interest, giving you an edge when paying off your balances. Will a balance transfer hurt my credit score? Calculate how much you'll save with a balance transfer. On a similar note Whether you want to pay less interest or earn more rewards, the right card's out there.

Just answer a few questions and we'll narrow the search for you. Credit Cards. What Is a Balance Transfer, and Should I Do One? Follow the writer. Nerdy takeaways.

MORE LIKE THIS Credit Cards. How balance transfers work. Use our calculator to see how much you could save. Back to top. Good balance transfer cards. NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.

Apply Now. This card charges a penalty APR of up to With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.

No Annual Fee - our low intro rates and all the benefits don't come with a yearly charge. Wells Fargo Reflect® Card Wells Fargo Reflect® Card. Apply now Lock on Wells Fargo's secure site. Pros The lengthy introductory APR extends to purchases and qualified balance transfers.

Cons The card comes with a 3 percent foreign transaction fee, which is standard, but adds to your balance if you use the card abroad.

The card has limited long-term value due to its lack of a traditional rewards program. Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.

Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.

BEST FOR EVERYDAY SPENDING. Blue Cash Everyday® Card from American Express Blue Cash Everyday® Card from American Express. Apply now Lock on American Express's secure site. This card adds boosted rewards for online retail shopping, an uncommon cash back category.

supermarket bonus category. It has a 2. No Annual Fee. Balance Transfer is back! After that, Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon. com checkout. Enrollment required.

Terms Apply. Best for 2 percent cash rewards. Wells Fargo Active Cash® Card Wells Fargo Active Cash® Card. Pros You can earn 2 percent unlimited cash rewards on purchases with this card, a high rate compared to most balance transfer cards.

Cons There are balance transfer cards that offer a longer window on their introductory APR offers. No categories to track or remember and cash rewards don't expire as long as your account remains open.

Discover it® Balance Transfer Discover it® Balance Transfer. Apply now Lock on Discover's secure site. The Unlimited CashBack Match intro offer, which matches your cash back at the end of the first year, stands out among balance transfer cards.

Cons There are a few cards that offer longer introductory APRs on balance transfers. The rewards program is a bit complex and could prove distracting for people who prefer to focus on paying down debts. Redeem your rewards for cash at any time. Your account may not always be eligible for balance transfers.

Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. No annual fee. Terms and conditions apply. Citi Double Cash® Card Citi Double Cash® Card.

Pros The potential cash back rate on this card is one of the highest for a flat-rate cash back card. This card does not charge an annual fee, saving cardholders a bit more each year.

Cons The intro APR on this card only covers balance transfers, not new purchases, and will not be helpful with financing large purchases.

After that, the variable APR will be Balance Transfers do not earn cash back. Intro APR does not apply to purchases. If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance including balance transfers by the due date each month.

Bank of America® Customized Cash Rewards credit card Bank of America® Customized Cash Rewards credit card. Apply now Lock on Bank of America's secure site. You have the unique opportunity to change your 3 percent spending category once a month.

That means you could earn 3. Contactless Cards - The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

BEST FOR GROCERIES. Blue Cash Preferred® Card from American Express Blue Cash Preferred® Card from American Express. Pros The ongoing annual fee after the first year is easy to offset with cash back and annual credits. Cons Not ideal for spending abroad due to its 2.

The annual spending cap on U. supermarkets could limit its earning potential. Plans created after that will have a monthly plan fee up to 1. After that, your APR will be a variable APR of Variable APRs will not exceed gas stations. com with your Blue Cash Preferred® Card. Citi Custom Cash® Card Citi Custom Cash® Card.

Pros There are intro APR offers on both balance transfers and purchases with this card. This card carries some unique perks like cell phone protection and a complimentary 3-month DashPass subscription.

Cons This card does charge a foreign transaction fee when you spend abroad. No rotating bonus categories to sign up for — as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.

No Annual Fee Citi will only issue one Citi Custom Cash® Card account per person. Bank of America® Unlimited Cash Rewards credit card Bank of America® Unlimited Cash Rewards credit card.

Rating: 3. Cons This card charges a foreign transaction fee on purchases made outside of the U. Earn unlimited 1. That means you could earn 1. USAA Rate Advantage Credit Card USAA Rate Advantage Credit Card.

Rating: 3 stars out of 5. Apply now Lock on USAA's secure site. Cons Eligibility for the card is restricted to USAA members, which includes military personnel, veterans, and their families.

Must be a USAA member, or become a member, to apply. USAA proudly offers membership to current and former military, as well as their spouses and dependents. After this time, the variable regular APR of Take advantage of USAA's lower interest rate card, whether you're making a purchase or transferring a balance.

Pay less in interest if you carry a balance from month to month. Enjoy the same low variable regular APR on purchases, balance transfers, and cash advances. No foreign transaction fees. See Rates and Fees for details.

Bank of America® Travel Rewards credit card Bank of America® Travel Rewards credit card. Pros The intro APR offer also includes purchases, making it an effective tool for financing purchases.

You can boost your rewards rate by 25 percent to 75 percent as a Bank of America Preferred Rewards® member. Its cardholder perks and benefits are sparse compared to other travel cards.

Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions. Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.

That means instead of earning an unlimited 1. BEST FOR INTRO APR WITH LOW ONGOING APR. Cons The card is light on perks and benefits, which limits its long-term value.

You have to establish membership to apply for the card, adding an extra step to your balance transfer process. Citi® Diamond Preferred® Card. Wells Fargo Reflect® Card. Blue Cash Everyday® Card from American Express. Wells Fargo Active Cash® Card. Discover it® Balance Transfer. Intro Offer: Cashback Match Intro Offer: Unlimited Cashback Match for all new cardmembers — only from Discover.

Citi Double Cash® Card. Bank of America® Customized Cash Rewards credit card. Blue Cash Preferred® Card from American Express. Citi Custom Cash® Card. Bank of America® Unlimited Cash Rewards credit card.

USAA Rate Advantage Credit Card. Bank of America® Travel Rewards credit card. BankAmericard® credit card. Gold Visa® Card. Show 10 more rows. On This Page Compare our top cards How we assess the best balance transfer cards What is a balance transfer credit card?

Expert advice on how to use a balance transfer card Tips to maximize a balance transfer card In the news Frequently asked questions.

Citi Simplicity® Card BEST FOR NO LATE FEE. select this. from parent. Citi® Diamond Preferred® Card Best for excellent credit.

The Citi Flex Loans feature provides an opportunity to borrow money against your Citi card credit limit at a fixed rate available for qualifying cardholders. This can be particularly useful if you want to pay off multiple loans or credit card balances, or if you have a big purchase coming up and want to pay for it using your credit card.

Someone interested in a simple but effective method of temporarily avoiding interest on a balance transfer or purchase, as this no-annual-fee card offers a leading intro APR length on balance transfers but a shorter intro APR on purchases.

The Capital One SavorOne Cash Rewards Credit Card is ideal for anybody looking for additional benefits, rewards programs or premium perks, since the Diamond Preferred Card has little long-term value outside of its potentially low ongoing APR. Learn more: Is the Citi Diamond Preferred Card worth it?

Read our full Citi Diamond Preferred Card review or jump back to offer details. Wells Fargo Reflect® Card Best for balance transfer beginners. We consider this card a prime pick for people in the market for a balance transfer credit card.

Its potentially low regular APR rate and intro APR offer are top-notch and among the longest promotional APR offers currently available. The Chase Freedom Unlimited® card is ideal for anyone ready to forego a longer introductory APR period on balance transfers in exchange for the opportunity to receive cash back rewards.

Learn more: Is the Wells Fargo Reflect card worth it? Read our full Wells Fargo Reflect Card review or jump back to offer details. Blue Cash Everyday® Card from American Express Best for everyday spending.

It comes with a generous cash back rewards rate and a matching introductory APR offer on both purchases and qualifying balance transfers. Cards that earn unlimited high-rate cash rewards on purchases are rare, but a card that also has an introductory APR offer on both purchases and qualifying balance transfers is rarer still.

Anyone looking for a card with both an intro APR offer for qualifying balance transfers and purchases from account opening, as well as an exceptional cash rewards program.

For people who want to make the length of the introductory offer the top priority, the Wells Fargo Reflect Card would provide a longer intro APR than the Active Cash on purchases and qualifying balance transfers.

Learn more: Is the Wells Fargo Active Cash card worth it? Read our full Wells Fargo Active Cash Card review or jump back to offer details. Discover it® Balance Transfer Best for rotating bonus categories. The card is decidedly well-rounded with competitive rewards. It comes with a generous Cashback Match welcome offer all cash back earned at the end of the first year will be matched and a long intro APR offer on balance transfers.

Someone who needs to pay down existing credit card debt in the short term but wants to earn rewards for the long term. Learn more: How to do a Discover balance transfer. Read our full Discover it® Balance Transfer review or jump back to offer details.

Citi Double Cash® Card Best for good credit. Anyone who wants a card with lengthy introductory offers on balance transfers plus a cash back program.

It's also great for people who want to earn rewards for their spending and not have to worry about spending caps or other restrictions. Bank Visa Platinum Card to be a better fit. Learn more: Why expert Holly Johnson loves the Citi Double Cash Card.

Bank of America® Customized Cash Rewards credit card Best for flexible rewards categories. Its traditional balance transfer card-level intro APR length on purchases and balance transfers plus its flexible cash back potential.

Not many cards offer the opportunity to choose your preferred rewards category. The Customized Cash Rewards card lets you pick your highest earnings in one of the available categories — travel, gas, dining, online shopping, drug stores or home improvement and furnishings — and your next tier of earnings are on grocery store and wholesale club purchases.

Frequent shoppers who want to match their spending habits with cash back categories without affecting their responsible use of the introductory offer on purchases and qualifying balance transfers. People who just want to take advantage of an introductory APR offer on balance transfers and have less interest in pursuing rewards may want to consider the Citi Diamond Preferred card instead.

Learn more: Is the Bank of America Customized Cash Rewards credit card worth it? Read our full Bank of America Customized Cash Rewards credit card review or jump back to offer details.

Blue Cash Preferred® Card from American Express Best for groceries. The top-of-the-line rewards rates on grocery purchases and streaming. Larger families and people with big grocery and transit budgets. Citi Custom Cash® Card Best for automatic bonus category.

It has a decent intro APR period and the opportunity to maximize rewards. Anyone who wants a balance transfer credit card that also earns bonus rate cash back — automatically, in any of 10 eligible categories — based on their spending each billing cycle up to the maximum spend each billing cycle.

People concerned about paying a high go-to APR may be interested in the BankAmericard credit card , as it notably has one of the longest intro APR periods. Learn more: Is the Citi Custom Cash worth it? Read our full Citi Custom Cash Card review or jump back to offer details.

Bank of America® Unlimited Cash Rewards credit card Best for unlimited 1. The intro APR period on purchases and balance transfers, as well as its potential rewards rate boost, makes this card a no-brainer.

Bank of America Preferred Rewards® members earn 25 percent to 75 percent more cash back based on your enrollment tier , meaning members could reach a maximum of up to 2.

People who want a balance transfer card with unlimited, uncomplicated cash back that never expires as long as your account remains open. Learn more: Is the Bank of America Unlimited Cash card worth it? Read our full Bank of America Unlimited Cash Rewards credit card review or jump back to offer details.

USAA Rate Advantage Credit Card Best for low ongoing interest rate. Eligible military members, veterans and their families who can establish membership with USAA. Bank of America® Travel Rewards credit card Best travel and balance transfer card. Bank of America Preferred Rewards members and casual travelers.

BankAmericard® credit card Best for no penalty APR. The Citi Simplicity Card is a similar balance transfer card option that may be the ideal solution for anybody looking to avoid an annual fee, penalty APR and late penalties altogether, unlike the BankAmericard, which has a late payment fee.

Learn more: Should you pay off debt with the BankAmericard? Read our full BankAmericard credit card review. Gold Visa® Card Best credit union balance transfer card. Bank Visa® Platinum Card Best for financing purchases.

How we assess the best balance transfer credit cards.

Balance transfer offer: Get a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be % - % After that the variable APR will be % - %, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening A balance transfer fee is the cost some cards charge, often between 3% and 5% percent, when you transfer your debt from one card to another to

Balance transfer credit card rates - Balance transfer fees are typically 3 percent or 5 percent of the total balance you transfer to your new card. So, for every $10, in debt you Balance transfer offer: Get a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be % - % After that the variable APR will be % - %, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening A balance transfer fee is the cost some cards charge, often between 3% and 5% percent, when you transfer your debt from one card to another to

This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums. Credit Card Products. Credit Cards by Feature.

Tools and Resources. All Credit Cards. Cash Back Credit Cards Airline Travel Credit Card Low Interest Credit Cards. Balance Transfer Credit Cards Credit Cards for College Students Credit Cards for No Credit History.

Credit Cards to Build Credit No Annual Fee Credit Cards. Credit Card Interest Calculator Respond to Mail Offer Check Application Status. Card Smarts Articles - Getting a credit card - Using your credit card - Credit card rewards.

Free Credit Score for Cardmembers. Discover Credit Cards Balance Transfer Credit Cards. Back To Top. Apply Now. Balance Transfer Credit Card. Our lowest intro balance transfer APR. How our offer can help you save money on interest.

Consolidate your monthly credit card payments. Save money on credit card interest. How to choose a balance transfer credit card.

First, find a low introductory APR on balance transfers. Then look for a low-fee card. Don't forget credit card rewards.

And check for other benefits. Pay off credit card debt faster with a low intro APR on balance transfers.

Reduce your debt with a balance transfer credit card from Discover. Advantages and Disadvantages. Are Balance Transfer Fees Worth It? No Transfer Fee Credit Cards.

Avoiding or Decreasing Fees. Example of a Balance Transfer Fee. Frequently Asked Questions. The Bottom Line. Credit Cards Balance Transfer Cards.

Key Takeaways A balance transfer fee is a charge imposed by a lender to transfer existing debt over from another institution. Credit card companies commonly offer balance transfers. Balance transfers allow you to save more money, especially if you make significant payoff progress during an introductory period.

Teaser or introductory rates are commonly offered for a certain number of months before the regular rate kicks in. Advantages Allows you to pay off debt at a lower interest rate.

Provides an opportunity to save money. Allows you to consolidate all of your debt. Disadvantages The lender doesn't have your best interests at heart. Introductory offers decrease the amount of time to pay down your debt.

You may have to pay more interest. Can Balance Transfer Fees Be Avoided? Is There a Fee to Transfer a Credit Card Balance?

Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Open a New Bank Account.

Advertiser Disclosure ×. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.

Investopedia does not include all offers available in the marketplace. Part Of. Related Terms. What Is Debt Consolidation and When Is It a Good Idea? Debt consolidation is combining several loans into one new loan, often with a lower interest rate.

It can reduce your borrowing costs but also has some pitfalls. What Is a Debt Relief Program? A debt relief program is a method for managing and paying off debt.

You may be tempted to close the paid-off credit card in order to eliminate the temptation to use it. However, closing a credit card account often negatively affects your credit scores—because it impacts your length of credit history and credit utilization ratio.

This ratio compares the total amount of credit you have available with the total amount you're using, and it's a factor in calculating credit scores. If you can resist the temptation to make purchases on the paid-off card, it's probably better for your credit utilization ratio to keep the card open.

Also, a balance transfer can influence credit scoring in another way. Every time you apply for credit—including a balance transfer application—it's noted on your credit report as a hard inquiry.

Too many hard inquiries in a short period of time can negatively impact credit scores. Depending on your credit scores and the information on your credit report, you may or may not qualify for the optimum balance transfer offer available.

Before you apply for a balance transfer credit card , check your credit report and know your credit scores to see the type of information a credit card company will see when you apply for a new credit card. A balance transfer credit card can be an effective way to reduce debt and simplify payments, but it's not the only option available to you.

Rather than open a new credit account, you could consider:. Need to consolidate debt and save on interest? Banking services provided by CFSB, Member FDIC. Experian is a Program Manager, not a bank. Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice.

You should consult your own attorney or seek specific advice from a legal professional regarding any legal issues. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing.

While maintained for your information, archived posts may not reflect current Experian policy. Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities.

All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. Some of the offers on this page may not be available through our website.

Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. Advertiser Disclosure: The offers that appear on this site are from third party companies "our partners" from which Experian Consumer Services receives compensation.

This compensation may impact how, where, and in what order the products appear on this site. The offers on the site do not represent all available financial services, companies, or products. Once you click apply you will be directed to the issuer or partner's website where you may review the terms and conditions of the offer before applying.

We show a summary, not the full legal terms — and before applying you should understand the full terms of the offer as stated by the issuer or partner itself.

Video

If You Have $1000 Or More In Credit Card Debt - DO THIS NOW...

Balance transfer credit card rates - Balance transfer fees are typically 3 percent or 5 percent of the total balance you transfer to your new card. So, for every $10, in debt you Balance transfer offer: Get a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be % - % After that the variable APR will be % - %, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening A balance transfer fee is the cost some cards charge, often between 3% and 5% percent, when you transfer your debt from one card to another to

This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.

Our opinions are our own. Here is a list of our partners and here's how we make money. Balance transfers work by applying for a new card with a low introductory APR, initiating a balance transfer and paying down the balance.

A balance transfer is a type of credit card transaction in which debt is moved from one account to another. For those paying down high-interest debt, such a move can save serious money on interest charges if done strategically.

Balance transfers come with certain costs and limitations, though. And if your balance transfer card's limit is low, you might not be able to transfer your full balance. While the exact process for balance transfers can vary widely, here are the steps you generally have to take when working with major issuers:.

To qualify for the best offers, you generally have to have good or excellent credit typically, FICO scores of at least Initiate the balance transfer.

Sometimes, balance transfers can also be initiated using convenience checks , or the checks issuers send you in the mail. Before using one, though, read the terms to find out whether it actually will count as a balance transfer and what your interest rate will be.

Wait for the transfer to go through. Once the balance transfer is approved, which could take two weeks or longer, the issuer will generally pay off your old account directly. That old balance — plus the balance transfer fee — will show up on your new account. Pay down the balance.

Credit card debt isn't the only type of debt you can transfer. Many issuers also allow cardholders to move other types of debt — such as auto loans or personal loans — to a credit card.

The goal of a balance transfer is saving money, so you want to choose a card that helps you minimize your costs. The ideal balance transfer credit card comes with three big zeroes:.

With such a card, you could potentially pay off your debt without spending a penny on interest and fees.

Cards without transfer fees are rare nowadays, however, so you're likely to find only two out of three. The U. The advantage with these cards is that their rewards give them ongoing value long after the interest-free promotion ends. Make sure the card you apply for says this explicitly.

Your financial information, like annual income and employment status, helps us better understand your credit profile. Having a clearer picture of your credit profile will help us ensure that your approval odds are as accurate as possible. Your answer should account for all personal income, including salary, part-time pay, retirement, investments and rental properties.

You do not need to include alimony, child support, or separate maintenance income unless you want to have it considerd as a basis for repaying a loan. Knowing your rent or mortgage payments helps us calculate your debt-to-income ratio DTI which is your monthly debt payments divided by your pre-tax monthly income.

Why does DTI matter? We need the last four digits of your social security number to run a soft credit pull. We need the last four digits of your Social Security number to run a soft credit pull. This helps us locate your profile and identify cards that you may qualify for.

Your information is protected by bit encryption. A soft credit pull will not affect your credit score. Last step! Once you enter your email and agree to terms:. Your approval odds will be calculated. A personalized list of cards ranked by order of approval will appear. Your odds will display on each card tile.

Enter your email address to activate your approval odds and get updates about future card offers. You instruct Us to do this each time you return to our sites to view product offerings and up to once per month so you can be provided up-to-date results.

You understand that this is not an application for credit and CardMatch offers and Approval Odds do not guarantee you will be approved for a partner offer. To apply for a product you will need to submit an application directly with that provider.

Seeing your results won't hurt your credit score. Applying for a product may impact your score. See partner for complete product terms. Show less. This often happens when the information that's provided is incorrect. Please try entering your full information again to view your approval odds.

Before you apply You get:. Access to special card offers from top issuers in our network. You can check out other cards that are a better fit. Credit Cards Balance Transfer Advertiser Disclosure Advertiser Disclosure Bankrate. Ashley Parks. Written by Ashley Parks Arrow Right Editor, Credit cards.

Courtney Mihocik. Edited by Courtney Mihocik Arrow Right Senior Editor, Credit Cards. Ted Rossman. Reviewed by Ted Rossman Arrow Right Senior Industry Analyst, Credit cards. Credit Card Search View card list Menu List Table of contents Why choose Bankrate Caret Down User We helped over , users compare balance transfer cards in Circle Check We compared over introductory APRs.

Lightbulb Over 47 years of experience helping people make smart financial decisions. The Bankrate Promise. User We helped over , users compare balance transfer cards in Why choose Bankrate The Bankrate Promise.

The Bankrate Promise At Bankrate we strive to help you make smarter financial decisions. View card list Collapse Caret Up. Table of contents Collapse Caret Up. Increase your odds of finding the perfect card. Increase your odds of finding the perfect card 1 in 3 people w ho try approval odds find a card they like.

See your approval odds. Best for no late fee. Citi Simplicity® Card Citi Simplicity® Card. Rating: 4. Bankrate review. appOddsOn { aoProduct. Apply now Lock. Apply now Lock on Citi's secure site. Balance transfer intro APR. Regular APR. Annual fee. Read our full Citi Simplicity review Pros The card does not charge a late fee for missed payments, though they can still hurt your credit score.

Cons There is no rewards program or welcome bonus associated with this card. No Late Fees, No Penalty Rate, and No Annual Fee After that the variable APR will be Balance transfers must be completed within 4 months of account opening.

Stay protected with Citi® Quick Lock. Citi® Diamond Preferred® Card Citi® Diamond Preferred® Card. Pros This card offers a fairly long intro APR period on purchases and balance transfers. There is no annual fee, which is a plus when looking to focus on paying down transferred balances.

This card charges a penalty APR of up to With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more. No Annual Fee - our low intro rates and all the benefits don't come with a yearly charge.

Wells Fargo Reflect® Card Wells Fargo Reflect® Card. Apply now Lock on Wells Fargo's secure site. Pros The lengthy introductory APR extends to purchases and qualified balance transfers. Cons The card comes with a 3 percent foreign transaction fee, which is standard, but adds to your balance if you use the card abroad.

The card has limited long-term value due to its lack of a traditional rewards program. Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.

Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card. BEST FOR EVERYDAY SPENDING. Blue Cash Everyday® Card from American Express Blue Cash Everyday® Card from American Express.

Apply now Lock on American Express's secure site. This card adds boosted rewards for online retail shopping, an uncommon cash back category.

supermarket bonus category. It has a 2. No Annual Fee. Balance Transfer is back! After that, Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon. com checkout.

Enrollment required. Terms Apply. Best for 2 percent cash rewards. Wells Fargo Active Cash® Card Wells Fargo Active Cash® Card.

Pros You can earn 2 percent unlimited cash rewards on purchases with this card, a high rate compared to most balance transfer cards. Cons There are balance transfer cards that offer a longer window on their introductory APR offers.

No categories to track or remember and cash rewards don't expire as long as your account remains open. Discover it® Balance Transfer Discover it® Balance Transfer. Apply now Lock on Discover's secure site. The Unlimited CashBack Match intro offer, which matches your cash back at the end of the first year, stands out among balance transfer cards.

Cons There are a few cards that offer longer introductory APRs on balance transfers. The rewards program is a bit complex and could prove distracting for people who prefer to focus on paying down debts. Redeem your rewards for cash at any time. Your account may not always be eligible for balance transfers.

Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data.

No annual fee. Terms and conditions apply. Citi Double Cash® Card Citi Double Cash® Card. Pros The potential cash back rate on this card is one of the highest for a flat-rate cash back card.

This card does not charge an annual fee, saving cardholders a bit more each year. Cons The intro APR on this card only covers balance transfers, not new purchases, and will not be helpful with financing large purchases.

After that, the variable APR will be Balance Transfers do not earn cash back. Intro APR does not apply to purchases. If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance including balance transfers by the due date each month.

Bank of America® Customized Cash Rewards credit card Bank of America® Customized Cash Rewards credit card.

Apply now Lock on Bank of America's secure site. You have the unique opportunity to change your 3 percent spending category once a month. That means you could earn 3. Contactless Cards - The security of a chip card, with the convenience of a tap.

This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

BEST FOR GROCERIES. Blue Cash Preferred® Card from American Express Blue Cash Preferred® Card from American Express. Pros The ongoing annual fee after the first year is easy to offset with cash back and annual credits. Cons Not ideal for spending abroad due to its 2.

The annual spending cap on U. supermarkets could limit its earning potential. Plans created after that will have a monthly plan fee up to 1. After that, your APR will be a variable APR of Variable APRs will not exceed gas stations.

com with your Blue Cash Preferred® Card. Citi Custom Cash® Card Citi Custom Cash® Card. Pros There are intro APR offers on both balance transfers and purchases with this card. This card carries some unique perks like cell phone protection and a complimentary 3-month DashPass subscription.

Cons This card does charge a foreign transaction fee when you spend abroad. No rotating bonus categories to sign up for — as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.

No Annual Fee Citi will only issue one Citi Custom Cash® Card account per person. Bank of America® Unlimited Cash Rewards credit card Bank of America® Unlimited Cash Rewards credit card.

Rating: 3. Cons This card charges a foreign transaction fee on purchases made outside of the U. Earn unlimited 1.

That means you could earn 1. USAA Rate Advantage Credit Card USAA Rate Advantage Credit Card. Rating: 3 stars out of 5. Apply now Lock on USAA's secure site. Cons Eligibility for the card is restricted to USAA members, which includes military personnel, veterans, and their families.

Must be a USAA member, or become a member, to apply. USAA proudly offers membership to current and former military, as well as their spouses and dependents.

After this time, the variable regular APR of Take advantage of USAA's lower interest rate card, whether you're making a purchase or transferring a balance.

Pay less in interest if you carry a balance from month to month. Enjoy the same low variable regular APR on purchases, balance transfers, and cash advances. No foreign transaction fees. See Rates and Fees for details. Bank of America® Travel Rewards credit card Bank of America® Travel Rewards credit card.

Pros The intro APR offer also includes purchases, making it an effective tool for financing purchases. You can boost your rewards rate by 25 percent to 75 percent as a Bank of America Preferred Rewards® member. Its cardholder perks and benefits are sparse compared to other travel cards. Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.

Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout. That means instead of earning an unlimited 1. BEST FOR INTRO APR WITH LOW ONGOING APR.

Cons The card is light on perks and benefits, which limits its long-term value. You have to establish membership to apply for the card, adding an extra step to your balance transfer process. Citi® Diamond Preferred® Card. Wells Fargo Reflect® Card. Blue Cash Everyday® Card from American Express.

Wells Fargo Active Cash® Card. Discover it® Balance Transfer. Intro Offer: Cashback Match Intro Offer: Unlimited Cashback Match for all new cardmembers — only from Discover.

Citi Double Cash® Card. Bank of America® Customized Cash Rewards credit card. Blue Cash Preferred® Card from American Express.

Citi Custom Cash® Card. Bank of America® Unlimited Cash Rewards credit card. USAA Rate Advantage Credit Card. Bank of America® Travel Rewards credit card. BankAmericard® credit card. Gold Visa® Card. Show 10 more rows. On This Page Compare our top cards How we assess the best balance transfer cards What is a balance transfer credit card?

Expert advice on how to use a balance transfer card Tips to maximize a balance transfer card In the news Frequently asked questions. Citi Simplicity® Card BEST FOR NO LATE FEE.

select this. from parent. Citi® Diamond Preferred® Card Best for excellent credit. The Citi Flex Loans feature provides an opportunity to borrow money against your Citi card credit limit at a fixed rate available for qualifying cardholders.

This can be particularly useful if you want to pay off multiple loans or credit card balances, or if you have a big purchase coming up and want to pay for it using your credit card. Someone interested in a simple but effective method of temporarily avoiding interest on a balance transfer or purchase, as this no-annual-fee card offers a leading intro APR length on balance transfers but a shorter intro APR on purchases.

The Capital One SavorOne Cash Rewards Credit Card is ideal for anybody looking for additional benefits, rewards programs or premium perks, since the Diamond Preferred Card has little long-term value outside of its potentially low ongoing APR.

Learn more: Is the Citi Diamond Preferred Card worth it? Read our full Citi Diamond Preferred Card review or jump back to offer details. Wells Fargo Reflect® Card Best for balance transfer beginners.

We consider this card a prime pick for people in the market for a balance transfer credit card. Its potentially low regular APR rate and intro APR offer are top-notch and among the longest promotional APR offers currently available.

The Chase Freedom Unlimited® card is ideal for anyone ready to forego a longer introductory APR period on balance transfers in exchange for the opportunity to receive cash back rewards. Learn more: Is the Wells Fargo Reflect card worth it?

Read our full Wells Fargo Reflect Card review or jump back to offer details. Blue Cash Everyday® Card from American Express Best for everyday spending. It comes with a generous cash back rewards rate and a matching introductory APR offer on both purchases and qualifying balance transfers.

Cards that earn unlimited high-rate cash rewards on purchases are rare, but a card that also has an introductory APR offer on both purchases and qualifying balance transfers is rarer still.

Anyone looking for a card with both an intro APR offer for qualifying balance transfers and purchases from account opening, as well as an exceptional cash rewards program.

For people who want to make the length of the introductory offer the top priority, the Wells Fargo Reflect Card would provide a longer intro APR than the Active Cash on purchases and qualifying balance transfers. Learn more: Is the Wells Fargo Active Cash card worth it?

Read our full Wells Fargo Active Cash Card review or jump back to offer details. Discover it® Balance Transfer Best for rotating bonus categories. The card is decidedly well-rounded with competitive rewards. It comes with a generous Cashback Match welcome offer all cash back earned at the end of the first year will be matched and a long intro APR offer on balance transfers.

Someone who needs to pay down existing credit card debt in the short term but wants to earn rewards for the long term. Learn more: How to do a Discover balance transfer.

Read our full Discover it® Balance Transfer review or jump back to offer details. Citi Double Cash® Card Best for good credit. Anyone who wants a card with lengthy introductory offers on balance transfers plus a cash back program.

It's also great for people who want to earn rewards for their spending and not have to worry about spending caps or other restrictions.

Bank Visa Platinum Card to be a better fit. Learn more: Why expert Holly Johnson loves the Citi Double Cash Card. Bank of America® Customized Cash Rewards credit card Best for flexible rewards categories. Its traditional balance transfer card-level intro APR length on purchases and balance transfers plus its flexible cash back potential.

Not many cards offer the opportunity to choose your preferred rewards category. The Customized Cash Rewards card lets you pick your highest earnings in one of the available categories — travel, gas, dining, online shopping, drug stores or home improvement and furnishings — and your next tier of earnings are on grocery store and wholesale club purchases.

Frequent shoppers who want to match their spending habits with cash back categories without affecting their responsible use of the introductory offer on purchases and qualifying balance transfers.

People who just want to take advantage of an introductory APR offer on balance transfers and have less interest in pursuing rewards may want to consider the Citi Diamond Preferred card instead. Learn more: Is the Bank of America Customized Cash Rewards credit card worth it? Read our full Bank of America Customized Cash Rewards credit card review or jump back to offer details.

Blue Cash Preferred® Card from American Express Best for groceries. The top-of-the-line rewards rates on grocery purchases and streaming. Larger families and people with big grocery and transit budgets.

Citi Custom Cash® Card Best for automatic bonus category. It has a decent intro APR period and the opportunity to maximize rewards. Anyone who wants a balance transfer credit card that also earns bonus rate cash back — automatically, in any of 10 eligible categories — based on their spending each billing cycle up to the maximum spend each billing cycle.

People concerned about paying a high go-to APR may be interested in the BankAmericard credit card , as it notably has one of the longest intro APR periods.

Learn more: Is the Citi Custom Cash worth it? Read our full Citi Custom Cash Card review or jump back to offer details.

Bank of America® Unlimited Cash Rewards credit card Best for unlimited 1. The intro APR period on purchases and balance transfers, as well as its potential rewards rate boost, makes this card a no-brainer.

Bank of America Preferred Rewards® members earn 25 percent to 75 percent more cash back based on your enrollment tier , meaning members could reach a maximum of up to 2. People who want a balance transfer card with unlimited, uncomplicated cash back that never expires as long as your account remains open.

Learn more: Is the Bank of America Unlimited Cash card worth it? Read our full Bank of America Unlimited Cash Rewards credit card review or jump back to offer details. USAA Rate Advantage Credit Card Best for low ongoing interest rate. Eligible military members, veterans and their families who can establish membership with USAA.

Bank of America® Travel Rewards credit card Best travel and balance transfer card. Bank of America Preferred Rewards members and casual travelers. BankAmericard® credit card Best for no penalty APR. The Citi Simplicity Card is a similar balance transfer card option that may be the ideal solution for anybody looking to avoid an annual fee, penalty APR and late penalties altogether, unlike the BankAmericard, which has a late payment fee.

Learn more: Should you pay off debt with the BankAmericard? Read our full BankAmericard credit card review. Gold Visa® Card Best credit union balance transfer card. Bank Visa® Platinum Card Best for financing purchases. How we assess the best balance transfer credit cards. Cards rated.

Credit Card Apr. APRs tracked. Data points analyzed. Credit Card Reviews. Perks evaluated. What is a balance transfer credit card?

Balance transfer terms to know Balance transfer fee In exchange for letting you transfer a balance, the new card will typically charge a balance transfer fee. Intro APR offer This is the time you have to make use of a low- or zero-interest APR on your new credit card.

Transfer window Some balance transfer cards require you to transfer a balance within a designated timeframe to qualify for the intro offer.

Common transfer windows are 60 to days. Ongoing APR This interest rate is what applies to any remaining balance you have after the intro period ends. Dig deeper: Want to avoid a balance transfer fee?

Try a credit union. Checkmark Save money : You could save on interest charges by temporarily pausing interest on transferred debt. Checkmark Reduce monthly payments : The temporary break from interest on your transferred balance could translate to a lower monthly payment during the intro APR period.

Checkmark Consolidate debts : If you have multiple cards with high balances, you can simplify your debt payment process by consolidating the debt onto one card.

Bankrate Expert Advice What happens if you reach the end of a balance transfer intro offer and still have a balance?

Interest and savings: We calculate potential savings with each card by comparing how much interest you would pay on your current card at 20 percent APR approximately the current average interest rate , minus the balance transfer fee. Calculate estimated balance transfer savings Caret Up Caret Down.

My current card details Card Balance. Interest Rate. Balance transfer card details Balance transfer fee. Intro offer term months.

Learn More about Rated of America Secure card data transmission Customized Secure card data transmission Rewards creddit credit card Apply Now for Bank of Raates ® Customized Cash Rewards secured credit card. How to Improving credit health a balance transfer credit card Credit Secure card data transmission. Interest and savings: We calculate potential savings with each card by comparing how much interest you would pay on your current card at 20 percent APR approximately the current average interest rateminus the balance transfer fee. What Is a Purchase APR? By far the biggest mistake people make is running up a balance on the old card again. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Balance Transfer Credit Cards with Low Intro APR

By Malkis

Related Post

5 thoughts on “Balance transfer credit card rates”

Добавить комментарий

Ваш e-mail не будет опубликован. Обязательные поля помечены *