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Need a break from high-interest credit card debt? Balance transfer cards like the Wells Fargo Reflect® Card and the Citi® Simplicity® Card offer 0% APR periods on transfers, letting you consolidate and pay down balances without ongoing interest charges.
As you explore options, consider factors such as introductory APR duration, balance transfer fees and credit score requirements to find your perfect match. Dive into our curated list of top contenders and discover how a strategic transfer can lead to substantial savings.
MoneyGeek's Picks for Best Balance Transfer Cards
- Top five balance transfer cards
- Best balance transfer cards by category:
- Best cards for long 0% APR balance transfer period
- Best cards with 0% APR on balance transfers and new purchases
- Best cards for balance transfers with flat cash back
- Best balance transfer cards with rewards
- More about the top five balance transfer cards
Guide to Balance Transfer Cards
- What is a balance transfer card?
- Is a balance transfer right for you?
- How to choose a balance transfer card
- How to make a balance transfer
- Balance transfer tips and strategies
- Alternatives to balance transfers
- Balance transfer FAQ
- How we chose the best balance transfer cards
Top 5 Balance Transfer Cards for May 2024
The Wells Fargo Reflect scores highest in our balance transfer scoring methodology with a category-leading 0% APR period for 21 months on both balance transfers and purchases. Although the Citi Simplicity matches the length of balance transfers and offers a lower balance transfer fee, it falls short of the Wells Fargo Reflect's 0% APR for new purchases.
If rewards are a priority, consider the Wells Fargo Active Cash Card or the Capital One Quicksilver Cash Rewards Credit Card, both of which offer competitive rewards programs. If you're looking for other specific types of balance transfer cards, we've broken down the best balance transfer cards by category, too.
Wells Fargo Reflect® Card
On Issuer's Site
Balance Transfer Offer
0% for 21 months on balance transfers
Balance Transfer Fees
5% for each balance transfer, minimum $5
Regular APR
17.49%, 23.99%, or 29.24% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Wells Fargo Reflect® Card stands out with its 21-month 0% intro APR for both balance transfers and purchases, which is among the longest on the market. With no annual fee, it’s great if you’re managing multiple high-interest credit card balances. This card is a top pick for balance transfers with maximum financial flexibility.
PROS
- 21-month 0% intro APR on balance transfers and purchases
- No annual fee
CONS
- No rewards or cash back
- 0% intro APR on purchases and qualifying balance transfers for 21 months from account opening; 18.24%, 24.74% or 29.99% variable APR after that.
- Balance transfers made within 120 days qualify for the intro rate at a fee of 5% (minimum $5).
- $0 annual fee.
- Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
- Through My Wells Fargo Deals, you can get personalized deals from various merchants. It's an easy way to earn cash back as an account credit when shopping, dining or enjoying an experience simply by using an eligible Wells Fargo Credit Card.
Citi Simplicity® Card
On Issuer's Site
Balance Transfer Offer
0% for 21 months on balance transfers
Balance Transfer Fee
3 percent ($5 minimum) intro balance transfer fee ...
Regular APR
18.74% - 29.49% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
If you’re focused on paying down your balance, Citi Simplicity®’s 21-month 0% intro APR period on balance transfers and no-fee policy are hard to beat. However, it doesn’t let you earn cash back.
PROS
- Long 0% intro APR period for balance transfers
- No annual fee
- No late fees or penalty rates-0% intro APR period for purchases
CONS
- No rewards program
- Requires good to excellent credit
Introductory Offers
- Enjoy a 0% introductory APR for 21 months on balance transfers from the date of your first transfer.
- Benefit from a 0% introductory APR for 12 months on purchases from the date of account opening.
APRs, Fees, and Penalties
- After the introductory period, the variable APR will range from 18.49% to 29.24%, depending on your creditworthiness.
- An introductory balance transfer fee of 3% (minimum $5) applies for the first 4 months, increasing to 5% (minimum $5) thereafter.
Perks & Benefits
- This card offers no late fees, no penalty rate, and no annual fee.
- Stay protected with Citi Quick Lock for added security.
BankAmericard® Credit Card
On Issuer's Site
Balance Transfer Offer
0% for the first 18 billing cycles
Balance Transfer Fee
3% of the amount of each transaction
Regular APR
15.74% - 25.74% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (good to excellent)
We recommend the BankAmericard® credit card to people who are looking for no-annual-fee cards with intro APR offers. This card comes with a 0% APR offer on purchases and balance transfers for the first 18 billing cycles. However, you need to carry out your balance transfer within the first 60 days, and you need to pay a balance transfer fee. Using this card outside of the U.S. might not be a good idea because it comes with foreign transaction fees.
PROS
- No annual fee
- 0% APR on purchases and balance transfers for 21 billing cycles
CONS
- Balance transfer fees
- Foreign transaction fees
- No rewards program
- $0 annual fee.
- 0% purchase and balance transfer APR for the first 18 billing cycles, then a variable APR between 16.24% and 26.24%.
- No penalty APR.
- Balance transfer fee of $10 or 3%, whichever is greater.
- Foreign transaction fee of 3% (5% for overseas cash advances).
- FICO Score for free.
Wells Fargo Active Cash® Card
On Issuer's Site
Balance Transfer Offer
0% for 12 months on balance transfers
Balance Transfer Fee
3% of the amount of each balance transfer
Regular APR
19.49%, 24.49%, or 29.49% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Wells Fargo Active Cash® Card delivers with unlimited 2% cash back, a $200 welcome bonus after $500 spent in three months, and no annual fee. Designed for seamless everyday rewards, it also includes a 12-month 0% intro APR, though its 3% foreign transaction fee may deter international travelers.
PROS
- Unlimited 2% cash back
- No annual fee
- 0% intro APR period on purchases and balance transfers for 12 months, then a variable APR of 19.49%, 24.49%, or 29.49% after
CONS
- Foreign transaction fees
Introductory Offers
- Earn a $200 cash rewards bonus after spending $500 within the first three months.
- Enjoy a 0% intro APR on purchases and qualifying balance transfers for 12 months from account opening. After that, a variable APR of 19.49%, 24.49%, or 29.49% applies.
Rewards
- Unlimited 2% cash rewards on all purchases.
- No categories to track and cash rewards do not expire as long as your account remains open.
APRs, Fees, and Penalties
- Balance transfers made within 120 days qualify for the intro rate and a 3% fee. After that, a balance transfer fee of up to 5% (minimum $5) applies.
- No annual fee.
Perks & Benefits
- Enjoy a premium collection of benefits at prestigious hotel properties with Visa Signature Concierge.
- Earn up to $600 in cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card, subject to a $25 deductible.
Capital One Quicksilver Cash Rewards Credit Card
MoneyGeek Rating
3.7/ of 5
On Issuer's Site
Balance Transfer Offer
0% for 15 months on balance transfers
Balance Transfer Fee
3% for the first 15 months
Regular APR
19.74% - 29.74% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Capital One Quicksilver Cash Rewards Credit Card is a good choice for straightforward rewards, with unlimited 1.5% cash back on all purchases and no annual fee. There are some cards with higher flat cash back rates, but the Quicksilver’s more lenient penalties and fees and more competitive introductory offers, are worth your consideration if you’re looking for a simple card for everyday spending.
PROS
- Unlimited 1.5% cash back on all purchases
- No annual fee
- 0% intro APR period on purchases and balance transfers, then a variable APR of 19.74% to 29.74% after that
- No foreign transaction fees
CONS
- Requires good to excellent credit
- No bonus cash back categories
Introductory Offers
- Earn a $200 cash bonus after spending $500 within the first three months of opening your account.
- Enjoy a 0% introductory APR on purchases and balance transfers for 15 months. After that, the variable APR ranges from 19.74% to 29.74%. A balance transfer fee applies.
Rewards
- Earn unlimited 1.5% cash back on every purchase, every day.
- Earn 5% cash back on hotels and rental cars booked through Capital One Travel.
APRs, Fees, and Penalties
- No annual fee and no foreign transaction fees.
Perks & Benefits
- Cash back rewards do not expire for the life of the account.
- No rotating categories or sign-ups are needed to earn cash rewards.
Best Balance Transfer Credit Cards by Category
Find great 0% APR balance transfer cards that align with your needs and spending habits — whether that's long interest-free transfer periods, 0% APRs on new purchases, balance transfers with simple cash back options or cards that reward your spending.
Balance Transfer Card Category | Description |
|---|---|
Best for Long 0% APR Period | These cards have 0% balance transfer offers that last for 21 months, helping you with larger balances you may need more time to pay off. |
Best for New Purchases | These cards offer 0% APR periods on balance transfers and new purchases for maximum financial flexibility. |
Best for Flat Cash Back | These cards let you consolidate your existing cards while benefiting from cash back. |
Best for Rewards | These cards have rewards and welcome bonuses so you can transfer your balance and get more out of new purchases. |
Best Cards for Long 0% APR Balance Transfer Periods
Wells Fargo Reflect® Card
On Issuer's Site
Balance Transfer Offer
0% for 21 months on balance transfers
0% APR Offer
0% for 21 months on purchases
Regular APR
17.49%, 23.99%, or 29.24% variable
Annual Fee
18.24%, 24.74% or 29.99% variable APR after intro ...
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Wells Fargo Reflect® Card stands out with its 21-month 0% intro APR for both balance transfers and purchases, which is among the longest on the market. With no annual fee, it’s great if you’re managing multiple high-interest credit card balances. This card is a top pick for balance transfers with maximum financial flexibility.
PROS
- 21-month 0% intro APR on balance transfers and purchases
- No annual fee
CONS
- No rewards or cash back
- 0% intro APR on purchases and qualifying balance transfers for 21 months from account opening; 18.24%, 24.74% or 29.99% variable APR after that.
- Balance transfers made within 120 days qualify for the intro rate at a fee of 5% (minimum $5).
- $0 annual fee.
- Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
- Through My Wells Fargo Deals, you can get personalized deals from various merchants. It's an easy way to earn cash back as an account credit when shopping, dining or enjoying an experience simply by using an eligible Wells Fargo Credit Card.
Citi Simplicity® Card
On Issuer's Site
Balance Transfer Offer
0% for 21 months on balance transfers
0% APR Offer
0% for 12 months on purchases
Regular APR
18.74% - 29.49% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
If you’re focused on paying down your balance, Citi Simplicity®’s 21-month 0% intro APR period on balance transfers and no-fee policy are hard to beat. However, it doesn’t let you earn cash back.
PROS
- Long 0% intro APR period for balance transfers
- No annual fee
- No late fees or penalty rates-0% intro APR period for purchases
CONS
- No rewards program
- Requires good to excellent credit
Introductory Offers
- Enjoy a 0% introductory APR for 21 months on balance transfers from the date of your first transfer.
- Benefit from a 0% introductory APR for 12 months on purchases from the date of account opening.
APRs, Fees, and Penalties
- After the introductory period, the variable APR will range from 18.49% to 29.24%, depending on your creditworthiness.
- An introductory balance transfer fee of 3% (minimum $5) applies for the first 4 months, increasing to 5% (minimum $5) thereafter.
Perks & Benefits
- This card offers no late fees, no penalty rate, and no annual fee.
- Stay protected with Citi Quick Lock for added security.
Back to Best Balance Transfer Cards by Category
Best Cards With 0% APR on Balance Transfers and New Purchases
BankAmericard® Credit Card
On Issuer's Site
Balance Transfer Offer
0% for the first 18 billing cycles
0% APR Offer
0% for the first 18 billing cycles
Regular APR
15.74% - 25.74% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (good to excellent)
We recommend the BankAmericard® credit card to people who are looking for no-annual-fee cards with intro APR offers. This card comes with a 0% APR offer on purchases and balance transfers for the first 18 billing cycles. However, you need to carry out your balance transfer within the first 60 days, and you need to pay a balance transfer fee. Using this card outside of the U.S. might not be a good idea because it comes with foreign transaction fees.
PROS
- No annual fee
- 0% APR on purchases and balance transfers for 21 billing cycles
CONS
- Balance transfer fees
- Foreign transaction fees
- No rewards program
- $0 annual fee.
- 0% purchase and balance transfer APR for the first 18 billing cycles, then a variable APR between 16.24% and 26.24%.
- No penalty APR.
- Balance transfer fee of $10 or 3%, whichever is greater.
- Foreign transaction fee of 3% (5% for overseas cash advances).
- FICO Score for free.
Blue Cash Everyday® Card From American Express
On Issuer's Site
Balance Transfer Offer
0% for 15 months on balance transfers
0% APR Offer
0% for 15 months on purchases
Regular APR
18.49%–29.49% variable
Annual Fee
$0
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670–850 (Good to Excellent)
The Blue Cash Everyday® Card from American Express is a good choice for extra cash back on groceries, gas, and online shopping. It offers 3% cash back in these categories, capped at $6,000 annually per category, and a 0% APR for 15 months on purchases and balance transfers and then 18.49% to 29.49% variable APR afterward (see rates and fees).. However, the bonus cash back rates are capped, which might limit its appeal for heavier spenders.
PROS
- Bonus cash back on groceries, gas and online shopping
- No annual fee
- 0% APR intro period for purchases and transfers
- Good card perks
CONS
- Spending limits on bonus categories
- Foreign transaction fee
Rewards
- Earn 3% cash back at U.S. supermarkets on up to $6,000 per year, then 1% after that.
- Earn 3% cash back on U.S. online retail purchases up to $6,000 per year, then 1% after that.
- Earn 3% cash back at U.S. gas stations on up to $6,000 per year, then 1% after that.
- Enjoy 1% cash back on all other purchases.
- Cash back is received as Reward Dollars and redeemable as a statement credit or at Amazon.com checkout.
Introductory Offers
- Earn a $200 statement credit after spending $2,000 on purchases within the first six months of opening your new card.
- Benefit from 0% introductory APR on purchases and balance transfers for 15 months from account opening. After the intro period, a variable APR of 18.49%–29.49% applies. See rates and fees.
Perks and Benefits
- Receive a $7 statement credit each month after spending $12.99 or more on an eligible subscription to The Disney Bundle with your Blue Cash Everyday Card.
- Enjoy up to $15 back each month when you purchase a Home Chef meal kit subscription with your enrolled Blue Cash Everyday Card.
APRs, Fees and Penalties
- No annual fee. See rates and fees.
- Regular APR: 18.49%–29.49% variable See rates and fees.
- Penalty APR: 29.99% variable See rates and fees.
- Cash Advance Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater See rates and fees.
- Foreign Transaction Fee: 2.7% of each transaction after conversion to U.S. dollars See rates and fees.
- Late Payment Fee: Up to $40 See rates and fees.
- Returned Payment Fee: Up to $40 See rates and fees.
- Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater See rates and fees.
Back to Best Balance Transfer Cards by Category
Best Cards for Balance Transfers With Flat Cash Back
Capital One Quicksilver Cash Rewards Credit Card
MoneyGeek Rating
3.7/ of 5
On Issuer's Site
Balance Transfer Offer
0% for 15 months on balance transfers
0% APR Offer
0% for 15 months on purchases
Rewards Summary
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply Earn unlimited 1.5% cash back on every purchase, every day
Earn unlimited 1.5% cash back
Regular APR
19.74% - 29.74% variable
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Capital One Quicksilver Cash Rewards Credit Card is a good choice for straightforward rewards, with unlimited 1.5% cash back on all purchases and no annual fee. There are some cards with higher flat cash back rates, but the Quicksilver’s more lenient penalties and fees and more competitive introductory offers, are worth your consideration if you’re looking for a simple card for everyday spending.
PROS
- Unlimited 1.5% cash back on all purchases
- No annual fee
- 0% intro APR period on purchases and balance transfers, then a variable APR of 19.74% to 29.74% after that
- No foreign transaction fees
CONS
- Requires good to excellent credit
- No bonus cash back categories
Introductory Offers
- Earn a $200 cash bonus after spending $500 within the first three months of opening your account.
- Enjoy a 0% introductory APR on purchases and balance transfers for 15 months. After that, the variable APR ranges from 19.74% to 29.74%. A balance transfer fee applies.
Rewards
- Earn unlimited 1.5% cash back on every purchase, every day.
- Earn 5% cash back on hotels and rental cars booked through Capital One Travel.
APRs, Fees, and Penalties
- No annual fee and no foreign transaction fees.
Perks & Benefits
- Cash back rewards do not expire for the life of the account.
- No rotating categories or sign-ups are needed to earn cash rewards.
Citi Double Cash® Card
On Issuer's Site
Balance Transfer Offer
0% for 18 months on balance transfers
0% APR Offer
N/A
Rewards Summary
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
Earn 1%–5% cash back
Regular APR
18.49% - 28.49% variable
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Citi Double Cash is one of the best cards for straightforward cash back. It lets you earn 2% cash back on all purchases—1% when you buy and 1% when you pay—without an annual fee.
PROS
- 2% cash back on all purchases
- 0% intro APR on balance transfers
- No annual fee
- Accepts fair credit
CONS
- Penalty APR
- No intro APR on purchases
Introductory Offers
- Enjoy a 0% introductory APR on balance transfers for 18 months. After this period, the APR will range from 18.49% to 28.49%, depending on your creditworthiness.
- Earn 20,000 ThankYou Points, equivalent to $200 cash back, after spending $1,500 within the first six months.
Rewards
- Earn 2% cash back on every purchase: 1% when you buy and an additional 1% when you pay off the purchase.
- Get 5% cash back on hotel, car rentals, and attractions booked through the Citi Travel portal until December 31, 2025.
APRs, Fees, and Penalties
- Balance transfers do not earn cash back.
- If you transfer a balance, interest will be charged on purchases unless the entire balance, including transfers, is paid by the due date each month.
- There is an introductory balance transfer fee of 3% (minimum $5) for transfers made within the first four months. After that, the fee is 5% (minimum $5).
Back to Best Balance Transfer Cards by Category
Best Balance Transfer Cards With Rewards
Discover it® Balance Transfer Card
On Issuer's Site
Balance Transfer Offer
0% intro APR for 18 months from the date of first ...
Welcome Offer
Matches cash back at end of first year
Matches cash back at end of first year
Rewards Summary
5% cash back on up to $1,500 in quarterly purchases in various categories (then 1%), 1% cash back on general purchases, enrollment required, rotating bonus categories, quarterly maximum applies
Earn 1% – 5% cash back
Regular APR
17.24% - 28.24% variable APR
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Discover it® Balance Transfer card is worth considering due to its competitive 18-month balance transfer introductory offer and no annual fees. However, if you intend to pay down your balances rather than make new purchases, there may be fewer opportunities for the cash back rewards that come with the card. This card uniquely rewards consumers transferring a balance from a card that is not a Discover card and would benefit from a longer balance transfer introductory APR term. This card is an even better option if your situation allows you to take advantage of the cash back rewards and still pay down your transferred balances before the offer period is up.
PROS
- Lengthy 0% balance transfer APR
- No annual fee
- Double cash back first year
- Rotating 5% cash back categories
CONS
- Short intro balance transfer fee period
- Short 0% intro APR on purchases
- Rotating categories require quarterly activation
Introductory Offers
- Discover matches all the cash back you've earned at the end of your first year, with no minimum spend or maximum rewards limit.
- Enjoy 0% APR on balance transfers for the first 18 months.
- Purchases have a 0% APR for the first six months.
Rewards
- Earn 5% cash back on rotating categories like groceries, dining, and gas each quarter.
- Receive unlimited 1% cash back on all other purchases.
APRs, Fees, and Penalties
- No annual fee.
- A 3% introductory balance transfer fee applies, with future transfers subject to a fee of up to 5%.
Perks & Benefits
- Discover helps protect your online data by removing it from select sellers.
Capital One VentureOne Rewards Credit Card
MoneyGeek Rating
3.7/ of 5
On Issuer's Site
Balance Transfer Offer
0% for 15 months on balance transfers
Welcome Offer
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Earn 20,000 Miles
Rewards Summary
5 Miles per dollar on hotels and rental cars booked through Capital One Travel 1.25 Miles per dollar on every purchase, every day
Earn 1.25 miles on every purchase
Regular APR
19.74% - 29.74% variable
Recommended Credit
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850 (Good to Excellent)
The Capital One VentureOne Rewards Credit Card offers exceptional value and flexibility for both frequent travelers and everyday spenders. It allows you to earn 5X miles on hotel and rental car bookings made through Capital One Travel and 1.25X miles on all other purchases. The card also provides a generous welcome bonus of 20,000 miles when you spend $500 within the first three months. The enticing welcome bonus and the absence of annual and foreign transaction fees add further value to this card. While there are some considerations, such as a balance transfer fee and potentially higher ongoing APR, this card's overall quality and functionality make it a desirable option for consumers seeking flexibility and rewards.
PROS
- Unlimited earning potential
- Welcome offer with low spend requirement
- Decent intro APR offer on balance transfers and purchases
- No annual fee
- No foreign transaction fees
CONS
- Balance transfer fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
- Somewhat short intro APR offer period
- High ongoing APR
- No impressive travel protections
Introductory Offers
- Earn a bonus of 20,000 miles after spending $500 on purchases within the first three months, equivalent to $200 in travel.
Rewards
- Earn unlimited 1.25X miles on every purchase, every day.
- Earn 5X miles on hotels and rental cars booked through Capital One Travel.
APRs, Fees, and Penalties
- Enjoy a $0 annual fee and no foreign transaction fees.
- Benefit from 0% intro APR on purchases and balance transfers for 15 months; 19.74% - 29.74% variable APR after that, with a balance transfer fee.
Perks & Benefits
- Miles won't expire for the life of the account, and there's no limit to how many you can earn.
- Transfer your miles to over 15 travel loyalty programs.
- Use your miles to reimburse any travel purchase or book trips through Capital One Travel.
Back to Best Balance Transfer Cards by Category
More About MoneyGeek’s Top Balance Transfer Cards
These credit cards rose to the top based on MoneyGeek's rigorous scoring methodology, designed to highlight cards that provide the most financial value for balance transfers. Each of the top five balance transfer cards features a 0% introductory APR on balance transfers for at least 15 months. We also evaluated balance transfer fees, customer satisfaction ratings, the availability of 0% APR on new purchases, late fees and penalties, and rewards for spending.
Wells Fargo Reflect® Card
The Wells Fargo Reflect Card shines with its 21-month 0% intro APR on balance transfers and purchases, one of the longest interest-free periods available. There's no annual fee for this card, but there's a 5% balance transfer fee (minimum $5). This card stands out for those juggling high-interest credit card debt, offering a generous window to pay down balances without accruing interest.
Citi Simplicity® Card
The Citi Simplicity Card stands out with its 21-month 0% APR on balance transfers, offering a substantial period to tackle debt without interest. With no annual fee and a balance transfer fee of 3% (minimum $5), it's a prime choice for those with good to excellent credit. Although it doesn't offer cash back, its lack of late fees adds to its appeal for disciplined debt management.
BankAmericard® Credit Card
The BankAmericard Credit Card stands out for those planning new purchases. With no annual fee and 0% interest for 18 months on both balance transfers and new purchases, it's a strong contender for those looking to manage their debt efficiently. Although it carries a 3% balance transfer fee, the absence of a penalty APR and the lengthy interest-free period offer substantial savings potential.
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card stands out for its straightforward cash back rewards and balance transfer features. With no annual fee and a 0% introductory APR for 15 months on balance transfers and purchases, then a variable APR of 19.74% - 29.74% after that, it's a wise choice for consolidating debt while earning cash back.
Wells Fargo Active Cash® Card
With no annual fee and a 15-month 0% introductory APR on both balance transfers and purchases, the Wells Fargo Active Cash Card is already a great choice for managing existing debt. But its unlimited 2% cash rewards on all purchases make it stand out for those who value simplicity and consistent returns on their spending. The balance transfer fee is 3% (minimum $5), a standard industry rate.
What Is a Balance Transfer Card?
A balance transfer is when you move a credit card balance from one card to another — typically with the goal of reducing your interest payments. It's one of many ways to simplify payments and eliminate debt quickly.
Balance transfer credit cards are tailored for this move, often featuring an interest-free 0% APR offer for six to 21 months. They typically charge a balance transfer fee (usually 3–5%) on the transferred sum. A fair credit score (580 or above) is often needed for approval.
Balance Transfer Terms to Know
Term | Definition |
|---|---|
APR | The APR (annual percentage rate) is the effective annual interest rate you pay for a credit card. Today's balance transfer APRs range from 18.99% to 29.99%, depending on your creditworthiness. |
Intro offer | The limited-time promotional offer when you get a new card. Intro offers can include low- or no-interest rates on new purchases and balance transfers or a welcome bonus like points or cash back if you spend a specified amount after opening the card. |
Balance transfer fee | Most companies charge a fee for transferring balances to a new card. It's typically 3–5% of the transferred balance or a minimum of $5. |
How to Calculate Your Savings With a Balance Transfer
Transferring a credit card balance can be a smart financial move, potentially saving you hundreds to thousands of dollars. Consider the Capital One Quicksilver Cash Rewards Credit Card, for example:
- 3% balance transfer fee
- 0% APR for 15 months
Assume you're transferring a $3,000 balance from your old card with an APR of 21.99%. When you transfer, you'll incur a $90 fee (3%) added to your new card's balance. By making monthly payments of $206, you can clear the debt within the 15-month offer period, avoid $522 in interest and be debt-free three months sooner than if you had interest. Your savings will be $432 — $522 minus the $90 fee. This is an excellent strategy if you can stick to your plan and make the payments.
With the same initial balance, a longer introductory period or lower fees will increase your savings. For example:
If your intro period is 21 months: You'd need to pay $148 monthly to pay off the balance. Because of the longer period, you'd save $785 in interest ($695 net of fees).
If the balance transfer fee is increased to 5% (or $150): You'd have to pay $210 per month to clear your balance before the end of the intro period. Your net savings would be $360 instead of $432.
When rating balance transfer cards, MoneyGeek uses this math to evaluate each balance transfer offer so you're getting the net impact of fees and length of the intro period.
BALANCE TRANSFER CALCULATOR
Use our balance transfer calculator to determine if a balance transfer is right for you.
Is a Balance Transfer Right for You?
If you're considering a balance transfer, ask yourself the following questions to determine if it's a smart financial move:
Are you likely to be approved for a new card? Most cards with 0% APRs on balance transfers require at least a fair credit score (580 or above).
Can you clear the balance before the 0% APR offer ends? Interest rates will jump to their standard rate after the introductory period ends.
Are you transferring high-interest debt? If you’re moving lower interest rate debt to a card that will have a high APR after the intro period ends, you might be making things harder for yourself down the road if you can’t pay it all off in time.
Is your budget under control? A balance transfer increases your available credit. If you tend to spend beyond your means, you could end up even deeper in debt.
If you answered "Yes" to all these questions, then you're likely a good candidate for a balance transfer card. If you’re a "No" on any, you should consider other options for managing your debt.
>> MORE: Pros and Cons of Balance Transfers
How to Choose the Best Balance Transfer Card for You
The best balance transfer credit cards have extended 0% APR periods, minimal balance transfer fees and no annual fees. Your credit score may limit the options available to you and impact the introductory offer. As you narrow down your options, your personal situation also comes into play:
If managing down debt is your priority: Select cards with the longest 0% APR balance transfer offer you can find. The longest offers on the market today are around 21 months.
If a large purchase is imminent: Prioritize cards that extend the 0% APR to new purchases and potentially offer rewards.
If you've recently boosted your credit score or are consolidating for simplicity: Consider cards that couple a 0% introductory rate with rewarding perks.
Let's compare two leading options to see who may most benefit from each:
The Citi Simplicity offers a 21-month 0% APR on balance transfers and a lower balance transfer fee. This card is best for people with a large balance who prioritize paying it down above rewards or perks.
Conversely, the Blue Cash Everyday Card from American Express has a 15-month 0% APR on transfers and new purchases. This card would suit those anticipating big expenses — like furnishing a home — or consolidating for simplicity because of the cash back rewards.
MONEYGEEK EXPERT TIP
"Many balance transfer credit cards don’t offer lucrative rewards. However, there is a workaround if you want to earn rewards. If you have good to excellent credit and a large purchase coming up, here’s what you can do:
Identify a card with a valuable welcome bonus that you would like to earn. Apply for the card, and hopefully, you’ll be approved. After that, make the purchase on that card. After the purchase goes through, you can transfer the balance to a 0% card. However, before you do this, be sure to account for the balance transfer fee in the overall value calculation." — Brett Holzhauer, contributing expert for MoneyGeek
>> READ MORE: Guide to Choosing a Balance Transfer Card
How to Make a Balance Transfer
Getting a new balance transfer card and making the balance transfer is simple, but it can take a couple of weeks to complete. Here's how to do it:
1
Assess Your Credit
Good credit is typically needed for balance transfer cards. If you don’t have good credit, there are alternative ways to work on your debt and improve your credit score.
2
Research and Compare
Look for balance transfer cards with beneficial terms. Consider the promotional rate duration, fees and the standard APR after the promotion ends. Your new card should be from a different issuer than your current card.
3
Apply for the Card
Submit your application. This will trigger a hard credit inquiry. Upon approval, you'll learn your new credit limit.
4
Request the Transfer
Make the balance transfer request online or by phone. Be ready with the details of the debts you're transferring.
5
Keep Paying the Old Card While You Wait
Continue payments on your old card until the transfer is completed to avoid late or penalty fees. You’ll see the balance transfer go through on both accounts.
6
Keep the Old Card
Your older card adds to your credit history and credit limit to help your credit score. Don’t cancel the card unless it has an annual fee. If it has an annual fee and you no longer have use for it, call the issuer to see if you can simply downgrade the card to a no annual fee card. If that isn’t an option, it’s best to cancel it.
>> FULL GUIDE: How to Do a Credit Card Balance Transfer
Tips for Getting the Most From a Balance Transfer
A solid plan will help you get the most out of your balance transfer. Use the advice below to build a financial roadmap that will work for you.
Plan to clear your balance three months before the promotional period ends. This will give you some wiggle room.
Automate your payments to stay on track. It might be uncomfortable, but it’ll force discipline.
Curb unnecessary spending with a temporary, no-frills budget to free up more funds. Watch out for yo-yoing later.
Keep your old credit card out of reach, but don’t cancel it. The old card will benefit your credit score if you don’t put any more debt on it.
Alternatives to Balance Transfer Credit Cards
Consider these alternatives if a balance transfer credit card isn't the right fit:
A personal loan can consolidate debt with a fixed interest rate and repayment period. Qualification depends on creditworthiness, and rates vary, so shop around for the best terms.
A home equity line of credit (HELOC) leverages your home's equity for a lower interest rate.
Debt management plans through credit counseling agencies can negotiate lower interest rates and monthly payments. They often require closing credit accounts, which could impact your credit score.
Budgeting and debt repayment strategies like the snowball or avalanche methods can be effective without new credit products.
Each option has merits and considerations, so assess your financial situation and goals first.
FAQ About Balance Transfer Credit Cards
MoneyGeek answered the most common questions about transferring an existing credit card balance.
What is a balance transfer?
A balance transfer is when you move existing debt to a new card with a lower interest rate, often 0% APR, for a promotional period. This can help you save on interest and pay down debt faster.
What kind of credit score do you need to get a balance transfer credit card?
Most credit cards with 0% APR on balance transfers require at least a fair credit score, which starts at a FICO 8 score of 580.
What should you look for in a balance transfer card?
The best balance transfer cards have a long 0% APR period, low or no balance transfer fees and eligibility requirements that match your credit score.
Will a balance transfer affect your credit score?
A balance transfer will temporarily lower your score due to the hard inquiry from applying for a new card. But, if managed well, it can improve your score over time by reducing your credit utilization ratio. There’s more to learn about how balance transfers impact your credit score, but that is the basic answer.
Are there fees associated with balance transfers?
Yes, many cards charge a balance transfer fee, typically between 3% to 5% of the transferred amount. Calculate the fees before you make a balance transfer to ensure the savings from the 0% APR outweigh the cost.
Can you transfer balances from multiple cards?
Yes, you can usually transfer balances from multiple cards onto a single balance transfer card, as long as the total amount does not exceed the new card's credit limit.
How long is the 0% APR period on balance transfer cards?
The 0% APR period varies by card, typically 12 to 21 months. The terms of the introductory rates may differ from what is marketed — it's usually based on your creditworthiness.
Methodology: How We Choose the Best Balance Transfer Cards
MoneyGeek uses a comprehensive methodology to provide transparent, data-driven and relevant balance transfer credit card recommendations. Here's how we weighted each factor in our scoring system, with each aspect scored out of 5:
Balance Transfer Offer Rating (60%): Our evaluation primarily focuses on balance transfer specifics. We assess associated fees, post-introductory APR and offer length. Cards with low fees, extended 0% APR periods and competitive post-introductory APRs score the highest.
Intro Purchase Rating (15%): We consider the length of 0% APR on new purchases, allowing for upcoming expenses without interest charges.
Issuer Satisfaction Rating (5%): A cardholder's satisfaction reputation — indicated by J.D. Power scores — factors into our assessment.
Recommended Credit Rating (5%): Cards that require lower credit scores for approval rate more favorably, as accessibility is key.
Annual Fee Rating (5%): Cards with low or no annual fees earn higher scores, as we prefer cost-effective options.
Effective Reward Rating (5%): We calculate rewards program value using our model spend profile based on the Consumer Expenditure Survey published by the Bureau of Labor Statistics.
Rating Penalties (5%): Cards that impose late fees or penalty APRs incur penalties since they can diminish a balance transfer offer's value.
BACK TO TOP
Educate
How to Transfer a Balance
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Is a Balance Transfer Right for You?
Explore
Best Credit Union Balance Transfer Cards
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How Much Can You Save With a Balance Transfer?
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About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about
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