Best balance transfer credit cards of December 2023
If you’re looking to pay down your credit card debt, our top picks for the best balance transfer credit cards may be able to help.
Carrying high credit card balances, especially with exorbitant interest rates, can be crippling. This is where a good balance transfer card might help you save some money. By opening a new card, you could snag a decent promo that offers a lower (or possibly 0%) APR for a set period of time when you move an existing balance to the new card. Then, once you’ve paid your credit card debt off, avoid carrying a monthly balance if possible — this way, you don’t have to worry about paying anything in interest at all.
Check out our guide for the best balance transfer credit cards that also include perks like the ability to earn cash back.
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- 2% 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.
- 5% Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
Why We Chose It
The Citi Double Cash Card caters to beginners establishing good credit habits, since users will earn 2% cash back; 1% when they buy and 1% when they pay their statement. The Citi Double Cash is a great pick for those looking for the utmost simplicity and want cash back in their pocket. Read our full review of the Citi Double Cash here.
Pros
- Earning 2% back on every purchase is an industry-leading return on everyday spending for a no-annual-fee credit card.
- Now that you have the ability to convert rewards to ThankYou points with an eligible card, your redemption options are even more flexible.
- It’s great for those looking to consolidate debt, since it offers new cardmembers 18 months of 0% intro APR on balance transfers made. After that, the variable APR of 19.24% - 29.24% applies.
Cons
- Those looking to make a balance transfer will have to pay 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- 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, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- 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.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Why We Chose It
The Citi Double Cash Card caters to beginners establishing good credit habits, since users will earn 2% cash back; 1% when they buy and 1% when they pay their statement. The Citi Double Cash is a great pick for those looking for the utmost simplicity and want cash back in their pocket. Read our full review of the Citi Double Cash here.
Pros
- Earning 2% back on every purchase is an industry-leading return on everyday spending for a no-annual-fee credit card.
- Now that you have the ability to convert rewards to ThankYou points with an eligible card, your redemption options are even more flexible.
- It’s great for those looking to consolidate debt, since it offers new cardmembers 18 months of 0% intro APR on balance transfers made. After that, the variable APR of 19.24% - 29.24% applies.
Cons
- Those looking to make a balance transfer will have to pay 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- 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, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- 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.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Pros
- Earning 2% back on every purchase is an industry-leading return on everyday spending for a no-annual-fee credit card.
- Now that you have the ability to convert rewards to ThankYou points with an eligible card, your redemption options are even more flexible.
- It’s great for those looking to consolidate debt, since it offers new cardmembers 18 months of 0% intro APR on balance transfers made. After that, the variable APR of 19.24% - 29.24% applies.
Cons
- Those looking to make a balance transfer will have to pay 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- 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, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- 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.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- 6% 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
- 6% 6% Cash Back on select U.S. streaming subscriptions
- 3% 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
- 3% 3% Cash Back at U.S. gas stations
- 1% 1% Cash Back on other purchases
Why We Chose It
The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee. Read our full review of the Blue Cash Preferred Card from American Express.
Pros
- This card has one of the best earning structures out for among cash-back credit cards.
- The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
- You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations.
- 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That's $10 in statement credits each month. Enrollment required.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
- Terms Apply.
- See Rates & Fees
Why We Chose It
The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee. Read our full review of the Blue Cash Preferred Card from American Express.
Pros
- This card has one of the best earning structures out for among cash-back credit cards.
- The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
- You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations.
- 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That's $10 in statement credits each month. Enrollment required.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
- Terms Apply.
- See Rates & Fees
Pros
- This card has one of the best earning structures out for among cash-back credit cards.
- The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
- You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations.
- 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That's $10 in statement credits each month. Enrollment required.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
- Terms Apply.
- See Rates & Fees
Why We Chose It
There’s no annual fee, and you’ll enjoy a 0% introductory APR on purchases and qualifying balance transfers for 21 months from account opening. After the introductory period, you’ll face a variable APR of 18.24%, 24.74%, or 29.99%, depending on your creditworthiness (balance transfers made within 120 days qualify for the intro rate, balance transfer fee of 5%, min $5). Read our full review of the Wells Fargo Reflect Card.
Pros
- No annual fee.
- Introductory APR offer of 21 months on purchases and qualifying balance transfers.
- Up to $600 in cell phone protection against damage or theft if you use it to pay your monthly bill, subject to a $25 deductible.
Cons
- No points or cash rewards earning potential.
- No welcome bonus.
- Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- 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.
Why We Chose It
There’s no annual fee, and you’ll enjoy a 0% introductory APR on purchases and qualifying balance transfers for 21 months from account opening. After the introductory period, you’ll face a variable APR of 18.24%, 24.74%, or 29.99%, depending on your creditworthiness (balance transfers made within 120 days qualify for the intro rate, balance transfer fee of 5%, min $5). Read our full review of the Wells Fargo Reflect Card.
Pros
- No annual fee.
- Introductory APR offer of 21 months on purchases and qualifying balance transfers.
- Up to $600 in cell phone protection against damage or theft if you use it to pay your monthly bill, subject to a $25 deductible.
Cons
- No points or cash rewards earning potential.
- No welcome bonus.
- Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- 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.
Pros
- No annual fee.
- Introductory APR offer of 21 months on purchases and qualifying balance transfers.
- Up to $600 in cell phone protection against damage or theft if you use it to pay your monthly bill, subject to a $25 deductible.
Cons
- No points or cash rewards earning potential.
- No welcome bonus.
- Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- 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.
- 3% 3% cash back in the category of your choice
- 2% 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases
- 1% 1% cash back on all other purchases
Why We Chose It
The Bank of America Customized Cash Rewards card is a great balance transfer card, offering 0% introductory APR on balance transfers (made in the first 60 days) and purchases for 15 billing cycles. Then a variable APR of 18.24%-28.24% will apply. A 3% fee applies to all balance transfers. In addition, the card offers earning potential with up to 3% cash-back on the cardmember’s chosen bonus category, and members of Bank of America Preferred Rewards® earn even higher rates. New card members can also earn a cash rewards bonus, all without an annual fee. Read our full review of the card here.
Pros
- Long introductory APR period for balance transfers and purchases.
- Bonus cash-back categories.
- No annual fee.
- Sign-up offer.
- Higher earning rates for Preferred Rewards members.
Cons
- Manual bonus earning selection.
- Bonus earning cap.
- Balance transfer fee.
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice - now with expanded categories, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Newly expanded categories based on Bank of America customer feedback! 3% cash back on Gas (to now include Electric Vehicle Charging (EVC) Stations) and Online Shopping (to now include Cable, Streaming, Internet and Phone Services).
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and cash rewards don’t expire as long as your account remains open.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- 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.
Why We Chose It
The Bank of America Customized Cash Rewards card is a great balance transfer card, offering 0% introductory APR on balance transfers (made in the first 60 days) and purchases for 15 billing cycles. Then a variable APR of 18.24%-28.24% will apply. A 3% fee applies to all balance transfers. In addition, the card offers earning potential with up to 3% cash-back on the cardmember’s chosen bonus category, and members of Bank of America Preferred Rewards® earn even higher rates. New card members can also earn a cash rewards bonus, all without an annual fee. Read our full review of the card here.
Pros
- Long introductory APR period for balance transfers and purchases.
- Bonus cash-back categories.
- No annual fee.
- Sign-up offer.
- Higher earning rates for Preferred Rewards members.
Cons
- Manual bonus earning selection.
- Bonus earning cap.
- Balance transfer fee.
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice - now with expanded categories, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Newly expanded categories based on Bank of America customer feedback! 3% cash back on Gas (to now include Electric Vehicle Charging (EVC) Stations) and Online Shopping (to now include Cable, Streaming, Internet and Phone Services).
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and cash rewards don’t expire as long as your account remains open.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- 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.
Pros
- Long introductory APR period for balance transfers and purchases.
- Bonus cash-back categories.
- No annual fee.
- Sign-up offer.
- Higher earning rates for Preferred Rewards members.
Cons
- Manual bonus earning selection.
- Bonus earning cap.
- Balance transfer fee.
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice - now with expanded categories, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- Newly expanded categories based on Bank of America customer feedback! 3% cash back on Gas (to now include Electric Vehicle Charging (EVC) Stations) and Online Shopping (to now include Cable, Streaming, Internet and Phone Services).
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and cash rewards don’t expire as long as your account remains open.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- 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.
Why We Chose It
The Citi Diamond Preferred Card is not full of perks like the other cards on this list, but it has another appealing attribute: the longest 0% APR period available on the market for a balance transfer. For people looking to consolidate their debt, this could be the card for you. The card offers 21 months of 0% intro APR for balance transfers completed within 4 months of account opening and 12 months of 0% intro APR for purchases. A variable APR of 18.24% to 28.99% will apply after. No other card features almost two years of 0% APR on balance transfers. Read more about the Citi Diamond Preferred card here.
Pros
- No annual fee.
- Longest introductory APR periods for balance transfers.
Cons
- Does not earn rewards on spending.
- Balance transfer fee.
- 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.24% - 28.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- Get free access to your FICO® Score online.
- 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.
Why We Chose It
The Citi Diamond Preferred Card is not full of perks like the other cards on this list, but it has another appealing attribute: the longest 0% APR period available on the market for a balance transfer. For people looking to consolidate their debt, this could be the card for you. The card offers 21 months of 0% intro APR for balance transfers completed within 4 months of account opening and 12 months of 0% intro APR for purchases. A variable APR of 18.24% to 28.99% will apply after. No other card features almost two years of 0% APR on balance transfers. Read more about the Citi Diamond Preferred card here.
Pros
- No annual fee.
- Longest introductory APR periods for balance transfers.
Cons
- Does not earn rewards on spending.
- Balance transfer fee.
- 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.24% - 28.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- Get free access to your FICO® Score online.
- 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.
Pros
- No annual fee.
- Longest introductory APR periods for balance transfers.
Cons
- Does not earn rewards on spending.
- Balance transfer fee.
- 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.24% - 28.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- Get free access to your FICO® Score online.
- 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.
- 3% 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
- 3% 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
- 3% 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
- 1% 1% Cash Back on other purchases.
Why We Chose It
The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee. You’ll earn bonus cash-back on popular bonus categories, including U.S. supermarkets and U.S. gas stations. Read our full review of the card here.
Pros
- 3% cash back at U.S. supermarkets
- No annual fee.
- 3% cash back at U.S. gas stations and U.S. online retail purchases.
- Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
- You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
- Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
- No Annual Fee.
- Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
- 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
- 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year then 1%.
- 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
- Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
- Terms Apply.
- See Rates & Fees
Why We Chose It
The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee. You’ll earn bonus cash-back on popular bonus categories, including U.S. supermarkets and U.S. gas stations. Read our full review of the card here.
Pros
- 3% cash back at U.S. supermarkets
- No annual fee.
- 3% cash back at U.S. gas stations and U.S. online retail purchases.
- Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
- You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
- Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
- No Annual Fee.
- Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
- 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
- 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year then 1%.
- 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
- Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
- Terms Apply.
- See Rates & Fees
Pros
- 3% cash back at U.S. supermarkets
- No annual fee.
- 3% cash back at U.S. gas stations and U.S. online retail purchases.
- Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
- You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
- Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
- No Annual Fee.
- Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
- 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
- 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year then 1%.
- 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
- Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
- Terms Apply.
- See Rates & Fees
- 5X Plus, for a limited time, earn 5 ThankYou® Points per $1 spent on hotel, car rentals and attractions booked on the Citi Travel℠ portal through June 30, 2024.
- 2X Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter.
- 1X Earn 1X ThankYou® Points on All Other Purchases.
Why We Chose It
The Citi Rewards+ Card is the only card on this list that earns Citi ThankYou points, which means you can pay off your debt while still earning points toward your next vacation. In addition to an impressive 15-month, 0% introductory APR for purchases and balance transfers (a variable APR of 18.74% to 28.74% will apply after), the Rewards+ also has an introductory balance transfer fee of $5 or 3% (whichever is greater) on transfers in the first four months (5% on all following balance transfers, minimum $5). The card also offers a solid welcome bonus and earn 2 points per dollar on up to $6,000 in combined purchases each year at supermarkets and gas stations. Read our full review of the card here.
Pros
- Long introductory APR period for balance transfers and purchases.
- Multiple bonus categories.
- No annual fee.
- Sign-up offer.
Cons
- Bonus earning cap.
- Balance transfer fee.
- Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
- Plus, for a limited time, earn 5 ThankYou® Points per $1 spent on hotel, car rentals and attractions booked on the Citi Travel℠ portal through June 30, 2024.
- 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
- The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
- No Annual Fee
Why We Chose It
The Citi Rewards+ Card is the only card on this list that earns Citi ThankYou points, which means you can pay off your debt while still earning points toward your next vacation. In addition to an impressive 15-month, 0% introductory APR for purchases and balance transfers (a variable APR of 18.74% to 28.74% will apply after), the Rewards+ also has an introductory balance transfer fee of $5 or 3% (whichever is greater) on transfers in the first four months (5% on all following balance transfers, minimum $5). The card also offers a solid welcome bonus and earn 2 points per dollar on up to $6,000 in combined purchases each year at supermarkets and gas stations. Read our full review of the card here.
Pros
- Long introductory APR period for balance transfers and purchases.
- Multiple bonus categories.
- No annual fee.
- Sign-up offer.
Cons
- Bonus earning cap.
- Balance transfer fee.
- Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
- Plus, for a limited time, earn 5 ThankYou® Points per $1 spent on hotel, car rentals and attractions booked on the Citi Travel℠ portal through June 30, 2024.
- 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
- The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
- No Annual Fee
Pros
- Long introductory APR period for balance transfers and purchases.
- Multiple bonus categories.
- No annual fee.
- Sign-up offer.
Cons
- Bonus earning cap.
- Balance transfer fee.
- Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
- Plus, for a limited time, earn 5 ThankYou® Points per $1 spent on hotel, car rentals and attractions booked on the Citi Travel℠ portal through June 30, 2024.
- 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
- The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
- No Annual Fee
Comparing the best balance transfer credit cards
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| Credit card | Best for | Intro offer | Earning Rate | Annual Fee | |
| Best for simple cash back rewards |
$ 200
cash back |
2 - 5% cash-back
2 - 5% cash-back
details
|
$0 | ||
| Best for gas and U.S. supermarkets |
Earn $250
|
1 - 6% cash-back
1 - 6% cash-back
details
|
$0
intro annual fee for the first year, then $95. |
||
| Best for financing credit card debt |
N/A
|
details
|
$0 | ||
| Best for Preferred Rewards members |
$200
|
1 - 3% cash-back
1 - 3% cash-back
details
|
$0 | ||
| Best for balance transfers |
N/A
|
details
|
$0 | ||
| Best for beginner cash back |
Earn $200
|
1 - 3% cash-back
1 - 3% cash-back
details
|
$0 | ||
| Best for earning Citi Thank You Points |
20,000
points |
2 - 5X points
2 - 5X points
details
|
$0 |
Frequently asked questions
-
- Yes. Balance transfer cards allow you to move an existing credit card balance to another card, ideally with a lower interest rate. This can allow you to pay off your credit card debt more quickly.
-
The credit card will stay open but now with a zero or low balance. Then you can choose whether to close the account or keep it open. Closing it may decrease your credit score, but keeping it open may tempt you to accrue more debt.
-
Balance transfers typically take five to seven days. However, they can take up to 21 days, depending on the issuer.
-
- It’s mixed. Opening a new card for a balance transfer would increase the total amount of credit you have, which should help your utilization ratio go down. This would increase your score. However, a high ratio on a single card after a balance transfer might have a negative effect in the short and medium term.
-
A balance transfer fee is a one-time fee associated with moving an outstanding balance from one card to another. It is generally 3%-5% of the total transfer amount.
-
More details on our best credit cards for balance transfers
Citi Double Cash® Card
Why we love it: The Citi Double Cash Card is a simple and rewarding cash-back card, earning 1% on everything when you make a purchase and another 1% when you pay it off.
Who should use it: The card is best for those who want simple cash-back rewards.
Why it should be in your wallet: Aside from the earnings rates, if you also hold a Citi Premier® Card (see rates and fees), you can convert your cash back to fully transferable ThankYou points for maximum value.
Alternative card option(s): If you want more-rewarding bonus categories, the Chase Freedom Unlimited offers 5% back on travel booked through the Chase travel portal, 3% on dining and drugstore purchases and 1.5% on everything else. This card also offers the opportunity to convert your cash-back rewards to transferable points if you also have a Chase Ultimate Rewards points-earning credit card.
Blue Cash Preferred® Card from American Express
Why we love it: The Blue Cash Preferred Card offers lucrative cash back in several spending categories, including 6% back on select U.S. streaming subscriptions and at U.S. supermarkets on up to $6,000 per year in purchases, (then 1%).
Who should use it: If you like cash back and spend a lot at supermarkets and on streaming services, this card is a great option.
Why it’s in my wallet: “The Blue Cash Preferred Card is the card I recommended to my parents when they were looking for a new cash-back rewards card for their groceries. My parents prefer the simplicity of cash-back rewards and I knew they’d benefit from earning 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets. Compared to the 1.5% cash back they were earning on these purchases, the elevated earnings easily justified adding the Blue Cash Preferred to their wallet.” — Katie Genter, senior writer
Alternative card option(s): If you want similar benefits but with no annual fee (see rates and fees), the Blue Cash Everyday® Card from American Express earns 3% back at U.S. supermarkets, U.S. online retail purchases and U.S. gas stations on up to $6,000 per year in purchases, (then 1%).
Wells Fargo Reflect® Card
Why we love it: The Wells Fargo Reflect Card (see rates and fees) is light on benefits but comes with a lengthy introductory annual percentage rate period, which is perfect for balance transfers.
Who should use it: If you think you’ll find yourself needing balance transfers for an extended period of time, this card is a great option.
Why it should be in your wallet: While there’s no way to accrue points, miles or even cash-back rewards with this card, you can receive up to $600 of cellphone protection against damage and theft when you pay your monthly cellphone bill with your card (subject to a $25 deductible).
Alternative card option(s): If you prefer another issuer, the Citi® Diamond Preferred® Card (see rates and fees) gives cardholders a 0% introductory APR for new purchases for the first 12 months after account opening, and 0% introductory APR for 21 months from the date of the first transfer for balance transfers completed within the first four months of account opening (after the variable APR will be 18.24% to 28.99%).
Bank of America® Customized Cash Rewards credit card
Why we love it: The Bank of America Customized Cash Rewards card is a solid cash-back credit card with a compelling, customizable rewards structure, great for anyone whose spending habits change throughout the year.
Who should use it: This card can be especially lucrative for anyone with significant banking or investing relationships with Bank of America.
Why it’s in my wallet: “This card is a great multipurpose tool in my wallet because it lets me pick a 3% cash-back earning category each month. If I know I have some purchases coming up that don’t line up to a card where I get a solid earning rate, I’ll swap my 3% category and use this card to maximize my rewards. I also appreciate the clear information in the Bank of America app that shows me exactly what types of merchants line up into each spending category, so it’s easy to make my 3% category choice.” — Gabe Travers, VP of engineering
Alternative card option(s): If you want a simpler rewards structure, the Bank of America®️ Premium Rewards®️ credit card offers an unlimited 2 points per dollar on travel and dining, and 1.5 points per dollar on all other purchases, plus more perks.
Citi® Diamond Preferred® Card
Why we love it: The Citi Diamond Preferred has a lengthy introductory APR offer on balance transfers of 21 months from the date of the first transfer, though transfers must be completed within four months from account opening (then a variable APR of 18.24% to 28.99% will apply).
Who should use it: It’s geared toward people looking to avoid interest while paying down credit card debt through a long introductory APR offer.
Why it should be in your wallet: Along with the APR offer, you’ll get free access to your FICO credit score, helping you track your score as you pay down your debt. You’ll also receive access to Citi Entertainment, with exclusive events and early presales on tickets.
Alternative card option(s): If you want to earn rewards on your purchases, consider the Citi Double Cash Card. It has no annual fee and earns 2 points per dollar on all purchases — 1 point when you purchase and another 1 point when you pay your bill.
Blue Cash Everyday® Card from American Express
Why we love it: The Blue Cash Everyday offers solid returns on popular spending categories without an annual fee, plus some other solid perks.
Who should use it: This card is ideal for those who prefer cash-back cards without annual fees. It can also help students and young professionals continue to build credit while earning modest rewards.
Why it’s in my wallet: “I added this card to my wallet shortly after my first travel card as a way to earn better rewards on gas and groceries. Three percent back on both categories was a great way for me to earn higher cash back on many of my everyday purchases without any added annual fee.” — Jack Markham, senior director
Alternative card option(s): If you want more options for using your earnings, the Citi Double Cash Card has no annual fee and earns 2 points per dollar on all purchases — 1 point when you purchase and another 1 point when you pay your bill. You can cash out these points or transfer them to airline and hotel partners for travel.
Citi Rewards+® Card
Why we love it: The Citi Rewards+ Card (see rates and fees) has two relatively unique features: It rounds the earnings on all purchases up to the nearest 10 points, and gives you 10% back on the first 100,000 points you redeem yearly.
Who should use it: This card is great if you make many small purchases because each purchase will be rounded to the nearest 10 points. Even a $1 pack of gum will earn 10 points.
Why it should be in your wallet: This card is a great complement to the Citi Prestige Card (not available to new applicants) or Citi Premier Card. That’s because if you also have one of those cards, you can transfer your rewards to the ThankYou Rewards program’s airline and hotel partners.
Alternative card option(s): The Amex EveryDay® Credit Card from American Express is perhaps the most similar to the Citi Rewards+ card because it accrues 2 points per dollar on the first $6,000 you spend at U.S. supermarkets each year (then 1 point). Plus, the card rewards making at least 20 transactions in a month with a 20% points bonus, so you’ll probably be making lots of small purchases with either card.
The information for the Amex Everyday and Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
What is a balance transfer?
A balance transfer is when you move an existing credit card balance to another card, ideally with a lower interest rate. This can allow you to pay off your credit card debt more quickly.
Who should get a balance transfer credit card?
Balance transfer cards are best for those who want to save money on interest charges on credit card debt. While it’s always best to pay off your full card balance before interest kicks in, balance transfer cards can help you in a pinch by saving money with lower APRs.
How to choose a balance transfer credit card
There are several things you should keep in mind when choosing your balance transfer credit card. First, aim for an issuer different from your current one, as you generally can’t transfer a balance between cards from the same issuer. Then, compare the introductory offers to find the most generous terms and lowest balance transfer fees. Finally, it could be advantageous to apply for a card that also offers rewards and perks like earning cash back on your purchases.
How to do a balance transfer
The exact process for requesting balance transfers varies by issuer, but they can generally be done either online or by phone. Keep in mind that some cards have transfer balance limits, meaning you won’t always be able to transfer the entirety of a balance to your card.
Methodology
The most obvious requirement for being chosen for this list is that each card can be used for balance transfers. From there, we selected cards with the longest (and therefore most valuable) introductory APR offers. We also took into account any additional card benefits and rewards-earnings rates.
For rates and fees of the Blue Cash Everyday Card from American Express please click here.