Top 3 Balance Transfer Credit Cards

Balance transfers allow you to save on interest while paying down your credit card debt. Taking your credit card debt under control is easy with promotional balance transfer offers. Such offers allow you to consolidate many small balances on one card with a single due date or transfer a large balance from a card with high interest rates.

Balance transfer offers normally provide you with extra 1-2 years to pay off your debt at a lower cost – no interest payments, no annual fees and sometimes even no balance transfer fee. Please have a look at our best picks.

Citi Simplicity® photo Citi Simplicity® See terms on Citi’s secure website.
Intro period:
18mo
Balance Transfer Intro APR:
0%

0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening.

Transfer Fee:
3%
Annual Fee:
$0

Citi Simplicity®

Citi Simplicity® opens an outstanding balance transfer opportunity to its new cardmembers with a high credit score. It allows you to consolidate and pay off a credit card debt with minimum costs and no risk of further indebtedness.

The card waives interest on balance transfers for 18 months. This is the longest promotional offer with zero APR available. After the intro period, interest will be charged only on the unpaid part of your debt not on the whole transferred balance as it happens when interest is just deferred. This is a 100% fair deal!

As a downside, you have to pay a balance transfer fee equal to 3% of each transfer. This is lower than average among similar offers. Even taking into account the fee, no interest for 18 months allows you to save a lot on interest payments. Please see our calculations for balance transfer offers here.

Another absolutely outstanding feature of Citi Simplicity® is its tolerant attitude to late payments. You will never be charged with a late fee or penalty APR increase. However, after two months of missed payments you may lose your promotional balance transfer offer.

  • No annual fee;
  • No late fees;
  • No penalty APR increases;
  • Intro APR of 0% on balance transfers for 18 months;
  • Intro APR of 0% on purchases for 21 months.
  • No rewards program;
  • $5 or 3% balance transfer fee whichever is greater.

Use Citi Simplicity® to consolidate and pay off a large debt with 0% interest for 18 months and minimum expenses.

Chase Slate® photo Chase Slate® See terms on Chase’s secure website.
Intro period:
15mo
Balance Transfer Intro APR:
0%

0% Intro APR for the first 15 billing cycles that your Account is open. After that, 15.49% to 24.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Transfer Fee:
5%

$0 Intro fee on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.

Annual Fee:
$0

Chase Slate®

The Chase Slate® balance transfer offer is also available only to new cardholders with a good to excellent credit score. But it is definitely worth trying since you may get a 15-month long debt-relief opportunity at no cost at all.

The offer is simple and cost-effective. Transfer your balances within first two months of account opening and get a 15-month introductory period with no interest on balance transfers. There is neither balance transfer fee, nor annual fee. Make your monthly payments on time and this opportunity will cost you nothing.

  • No annual fee;
  • No fee on balance transfers if made within 60 days of account opening;
  • Intro APR of 0% on balance transfers for 15 months;
  • Intro APR of 0% on purchases for 15 months.
  • No rewards program.

Consolidate your credit card debt at no cost and save on interest payments for 15 months with Chase Slate®.

Discover it® Card photo Discover it® Card See terms on Discover’s secure website.
Intro period:
14mo
Balance Transfer Intro APR:
0%
Transfer Fee:
3%
Annual Fee:
$0

Discover it® Card

WIth an excellent credit score, you may qualify for the Discover it® Card to manage your debt and earn rewards at the same time.

The card stands out with its unique combination of several promotional offers: a 14-month intro period on balance transfers and purchases along with cash back match after the first year.

To make the most of these offers, transfer a balance right after account opening to minimize that period in the future when APRs on purchases and balance transfer will differ. Acting this way, you will avoid standard pitfalls of a payment allocation policy which may lead you to accruing interest on a balance with higher interest rates. Once it’s settled, you may pay down your transferred debt with no interest and earn up to 5% cash back while making your daily purchases. After the first year of using the card, your cash back may be doubled.

  • No annual fee;
  • No foreign transaction fee;
  • No late fee for the first late payment;
  • Intro APR of 0% on balance transfers for 14 months;
  • Intro APR of 0% on purchases for 14 months;
  • Generous cash back program.
  • 3% balance transfer fee.

Save on interest payments while repaying your credit card debt and earn cash back on daily purchases – all with the Discover it® Card.

How we choose our best cards

For this rating we have chosen credit cards with the most outstanding balance transfer promotional offers geared for smart debt management. With our picks you may save while repaying your credit card debt in three different ways: saving on interest payments and on maintenance fees, and earning cash back. All the cards require a good to excellent credit score, have 1418 month long promotional balance transfer offers with zero interest, and charge no annual fees.

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