Which Balance Transfer Credit Card Is The Best For You?

By Jason Steele. Last updated 1 February 2018. 0 comments

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Which balance transfer credit card should you apply for? That depends on your goal. If you need as long as possible to pay off your outstanding balances, then you'll want a card with the longest 0% APR financing available. Depending on your balance though, you might want to look for a card with no balance transfer fee. Perhaps you’re just looking for a card with a lower APR, or if you are close to paying off your debt, you might be able to take advantage of a large sign up bonus of a generous rewards credit card.

To narrow down your choice of balance transfer cards available, consider these cards that meet your particular goal.

Lowest Standard Interest Rate

Once the promotional interest rate expires, any remaining unpaid balance will incur interest charges at the standard interest rate. So if you think you might need to carry a balance, you might consider a card that offers a low standard interest rate. The Barclaycard Ring™ Mastercard® offers a regular variable APR of 10.24%. The card also has no balance transfer fees and no annual fee.

Longest Interest Free Offer

Citi's Simplicity from our partner Citi feature an industry leading offer of 18 months of interest free financing on both new purchases and balance transfers, with a 3% balance transfer fee. The Simplicity card lives up to its name by having no late fee or penalty interest rate. There is no annual fee.

No Balance Transfer Fee

The BankAmericard® Credit Card offers 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days, then a competitive 13.24% - 23.24% Variable APR applies. There is no annual fee.

Big Sign-Up Bonus

There is no reason why you can't enjoy both a big sign-up bonus and an attractive promotional financing offer for balance transfers. The best sign-up bonus in a credit card that offers interest free promotional financing on balance transfers is the Barclaycard Arrival Plus® World Elite MasterCard®. It offers 40,000 bonus miles, worth $400 in travel statement credits, after new cardholders spend $3,000 within three months of account opening. In addition, new cardholders get 12 months 0% Intro APR on balance transfers made within 45 days of opening (after that a variable APR of 17.24%, 21.24% or 24.24% will apply). There is a 3% balance transfer fee and a $89 annual fee that is waived for the first year.

Your Favorite Bank

Some credit card users prefer to open an account with a particular bank in order to perform a balance transfer. If you plan on doing this, just be aware that you will not be able to transfer a balance between two accounts with the same bank. Here are the best balance transfer offers from each of the major banks.

Capital One

Capital One's best balance transfer offer is it's Quicksilver Rewards Card, which offers 0% intro APR for purchases and balance transfers for 9 months (then a 14.24%-24.24% variable APR applies). There is a 3% balance transfer fee and no annual fee for this card. (See also: Best Capital One Credit Cards)


With no intro balance transfer fees on balances transferred within the first 60 days, no annual fee, and 15 months of 0% intro APR financing on both purchases and balance transfers, the Chase Slate® card is simply the best card for balance transfers, period.


The Citi Simplicity Card offers a 0% intro APR for 18 months for purchases and balance transfers made within 4 months of account opening (then 15.24%-25.24%* variable APR). There is a 3% or $5 balance transfer fee, whichever is greater, and no annual fee.

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