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Best Balance Transfer Credit Cards of March 2024

Review Updated
Brittney Myers
By: Brittney Myers Our Credit Cards Expert
Nathan Alderman
Check IconFact Checked Nathan Alderman
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.
Balance transfer credit cards are cards that can receive balance transfers -- a feature not offered by all credit cards. It's great for those with good credit who want a lower interest rate or to consolidate debt.The best balance transfer credit cards even start with an intro 0% APR. Pay off what you owe before the intro period ends, and you can avoid interest fees entirely.

Simplify your search for the best balance transfer credit card

We highlighted the picks below to help give an overview before diving into the reviews.
  • If you want a great overall balance transfer card: Discover it® Balance Transfer (see ). In addition to a strong intro APR offer at 0% for 18 months, the competitive go-to rate and purchase rewards make this card worth keeping.
  • If you want cash back with your balance transfer card: Bank of America® Customized Cash Rewards credit card. It has a decent 0% intro APR offer at 15 billing cycles, but where it really shines is with its customizable cash back rewards. So you'll be able to stick with this card long after the intro APR ends.
Wells Fargo Active Cash® Card
Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Great for: Unlimited cash back
Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 15 months from account opening

Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers

Regular APR

20.24%, 25.24%, or 29.99% Variable APR

Rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

2% cash rewards

Annual Fee Circle with letter I in it. N/A

$0

Welcome Offer Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

$200 cash rewards
  • A standout cash back card that has no annual fee and comes with a competitive cash rewards welcome offer and 0% intro APR offer. Read Full Review

    • Unlimited 2% cash rewards
    • Long 0% intro APR offer
    • Generous cash rewards welcome bonus
    • No annual fee
    • Cellphone protections
    • Card perks
    • Free FICO® Score updates
    • No bonus categories
    • Foreign transaction fees
    • Balance transfer fee
    • Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
    • Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
    • Earn unlimited 2% cash rewards on purchases.
    • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
    • $0 annual fee.
    • No categories to track or remember and cash rewards don’t expire as long as your account remains open.
    • Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
    • Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Great for: Balance transfers and cash back
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: 0%, 6 months

Balance Transfers: 0%, 18 months

Regular APR

17.24% - 28.24% Variable APR

Rewards Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.

1%-5% cash back

Annual Fee

$0

Welcome Offer Circle with letter I in it. N/A

Discover will match all the cash back you’ve earned at the end of your first year.
  • Get the best of both worlds with a great intro APR on balance transfers and valuable cash back rewards. Read Full Review

    • Great intro APR offer
    • Sign-up bonus offer
    • Robust cash back program
    • No annual fee
    • FICO® Score for free
    • No fixed bonus categories
    • INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
    • Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
    • Redeem your rewards for cash at any time.
    • Your account may not always be eligible for balance transfers. Balance transfer eligibility is determined at Discover’s discretion.
    • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
    • No annual fee.
    • Terms and conditions apply.
Award Icon 2024 Award Winner
Great for: Long 0% intro APR
Apply Now for Wells Fargo Reflect® Card

On Wells Fargo's Secure Website.

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Wells Fargo Reflect® Card

On Wells Fargo's Secure Website.

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 21 months from account opening

Balance Transfers: 0% intro APR, 21 months from account opening on qualifying balance transfers

Regular APR

18.24%, 24.74%, or 29.99% Variable APR

Rewards

N/A

Annual Fee Circle with letter I in it. N/A

$0
  • A clear leader with a 0% intro APR offer that is among the longest we've come across. Read Full Review

    • Long 0% intro APR offer
    • No annual fee
    • Cellphone protection
    • Free FICO® Score
    • Balance transfer fee
    • Foreign transaction fee
    • 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.
Award Icon 2024 Award Winner
Great for: Long 0% intro APR
Apply Now for Citi Simplicity® Card

On Citi's Secure Website.

Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Citi Simplicity® Card

On Citi's Secure Website.

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: 0%, 12 months

Balance Transfers: 0%, 21 months

Regular APR

19.24% - 29.99% (Variable)

Rewards

N/A

Annual Fee

$0

Welcome Offer Circle with letter I in it. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening.

Lower intro balance transfer fee
  • With a long 0% intro APR offer, no late fees, no annual fee, and no penalty rate, this card is an unmatched pick. Read Full Review

    • Great intro APR
    • No annual fee
    • No late fees
    • No penalty APR
    • No rewards
    • Foreign transaction fee
    • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
    • 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 19.24% - 29.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
    • There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater, for balance transfers completed within 4 months of account opening.
    • Stay protected with Citi® Quick Lock.
Award Icon 2024 Award Winner
Great for: Rewards versatility
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular APR

20.49%-29.24% Variable

Rewards Circle with letter I in it. 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.

5% cash back offer

Annual Fee

$0

Welcome Offer Circle with letter I in it. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening!

$200 bonus
  • Checks all the boxes for a cash back credit card, with high cash back rates across several categories, a 0% intro APR, and a big sign-up bonus. Read Full Review

    • Big sign-up bonus
    • Lucrative cash back program
    • Long 0% intro APR
    • No annual fee
    • Purchase and travel protections
    • Foreign transaction fee
    • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
    • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
    • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
    • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
    • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
    • No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom FlexSM card
    • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
    • Member FDIC
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. Balance transfers include a fee of 3% for 60 days from account opening, then 4%.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular APR

18.24% - 28.24% (Variable)

Rewards Circle with letter I in it. 3% cash back in your choice category, 2% at grocery stores & wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), 1% on all other purchases.

1% - 3% cash back

Annual Fee

$0

Welcome Offer Circle with letter I in it. $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

$200
  • Includes a big welcome offer, a long 0% intro APR, and a flexible cash rewards program that enables you to earn premium rewards in a category of your choice. Read Full Review

    • Competitive welcome bonus
    • Bonus cash back in a category of your choice
    • No annual fee
    • Great 0% intro & transfer APR offer
    • Relationship rewards bonus
    • Foreign transaction fee
    • Limit on bonus cash back
    • $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, 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.
    • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
    • 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% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
    • 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.
Great for: Balance transfers and cash back
Apply Now for Citi Double Cash® Card

On Citi's Secure Website.

Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Fair to Excellent (580-850)
Apply Now for Citi Double Cash® Card

On Citi's Secure Website.

Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Fair to Excellent (580-850)

Intro APR Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: 0%, 18 months

Regular APR

19.24% - 29.24% (Variable)

Rewards Circle with letter I in it. 2% cash back: 1% when you buy plus 1% as you pay

Up to 2% cash back

Annual Fee

$0

Welcome Offer Circle with letter I in it. 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.

20,000 ThankYou® Points
  • With a high, unlimited cash back rate, a lengthy 0% intro APR on balance transfers, and no annual fee, this card is a winner. Read Full Review

    • High cash back
    • 0% intro APR balance transfer offer
    • No annual fee
    • Free credit score monitoring
    • Foreign transaction fee
    • No 0% intro APR on purchases
    • No sign-up bonus
    • 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).
Great for: Balance transfers and purchases
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR Circle with letter I in it. 0% on purchases and balance transfers for the first 21 billing cycles on purchases billing cycles, and after that 18.74% - 29.74% (Variable).

Purchases: 0%, 21 billing cycles on purchases

Balance Transfers: 0%, 21 billing cycles

Regular APR

18.74% - 29.74% (Variable)

Rewards

N/A

Annual Fee

$0

Welcome Offer

N/A
  • With a generous intro APR offer for both balance transfers and purchases, this is one of the best low interest credit cards we've come across.
    • Long 0% intro APR offer
    • No annual fee
    • Cellphone protection
    • Free credit score monitoring
    • No rewards
    • Foreign transaction fee
    • 0% Intro APR on purchases and balance transfers for 21 billing cycles. After that, a variable APR currently 18.74% - 29.74%.
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
    • Choose a payment due date that fits your schedule
    • No Annual Fee
    • Terms and conditions apply.
U.S. Bank Visa® Platinum Card is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.

Comparing balance transfer offers

The three main points you should look at when comparing balance transfer cards are:
  • The intro APR offer: If you know you'll need a long time to pay off your balance, look for the longest introductory term you can find.
  • The go-to or standard APR: This factor becomes important if you think you won't be able to pay off your entire transferred balance before the intro offer ends.
  • The balance transfer fee: Not only do you have to consider the transfer fee in terms of the fee itself -- lower fees are always better -- but the balance transfer fee will also reduce the total amount you can transfer.

One thing you don't need to consider are the rewards. You won't earn rewards on transferred balances, and balance transfers won't count toward any kind of welcome or sign-up bonus requirements.

Check out the table below to quickly compare some of our favorite balance transfer cards:
Card Introductory BT Offer Go-To APR BT Fee
Citi Simplicity® Card 0%, 21 months 19.24% - 29.99% (Variable) 3% ($5 min) for first 4 months, then 5% ($5 min.)
Discover it® Balance Transfer 0%, 18 months 17.24% - 28.24% Variable APR 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
U.S. Bank Visa® Platinum Card 0%, 21 billing cycles 18.74% - 29.74% (Variable) Either 3% of the amount of each transfer or $5 minimum, whichever is greater.

Citi Simplicity content is not provided by the issuer. Any opinions expressed are those of The Ascent alone, and have not been reviewed, approved or otherwise endorsed by the issuer.

More about our top balance transfer credit card picks:

Wells Fargo Reflect® Card

When you're staring at a lot of high-interest credit card debt, you might be thinking you need as long as you can get to pay it off. That's where a card like this shines. It has one of the longest intro APR terms we've seen, giving you 21 months from account opening at an introductory 0% APR. The go-to 18.24%, 24.74%, or 29.99% Variable APR applies at the end of the intro period (see ).What's more, that same long term applies to both balance transfers and new purchases. Chances are good if you're dealing with existing high-interest debt, you may also need a break on new purchases. This card lets you save on both types of balances (as long as your limit holds out).
  • This best balance transfer credit card is great for: Folks who have a mix of new purchase and balance transfer debt who want to save on interest for both. This card has the same competitively long intro term for both types of balances.
  • When to consider an alternative: Wells Fargo Reflect® Card has a balance transfer fee of 5%, min: $5. If you're transferring a large amount, consider looking for a card with a lower or promotional balance transfer fee. Even something like 2% can wind up getting very expensive if you're transferring $5,000 or more.

Apply for a Wells Fargo Reflect® Card on the Wells Fargo website.

Discover it® Balance Transfer

Our top pick overall for balance transfer credit cards. It checks a lot of boxes for a good card more generally, too. First, you get 18 months 0% intro APR on balance transfers before the go-to rate of 17.24% - 28.24% Variable APR applies. (See .) That's not the longest term out there, but it's certainly competitive. And it's even better when paired with the lower promotional balance transfer fee.However, that's not all this card offers. You also get long-term, keeper-card potential out of this credit card thanks to the cash back rewards you can earn on purchases when you activate your rotating categories. Plus, you get Discover's customer service, which consistently wins awards for its quality.
  • This best balance transfer credit card is great for: If you want a balance transfer card now, but a rewards card later, this could be the right fit. You get a competitive intro APR offer on balance transfers, plus you earn cash back rewards on eligible new purchases.
  • When to consider an alternative: While the balance transfer offer on this card is great, the one for new purchases isn't as good: 0% Intro APR for 6 months (after which the go-to rate we mentioned above applies). If you're looking to save on interest on future purchases, check out some of our other picks.

Apply for Discover it® Balance Transfer on Discover's website.

Citi Double Cash® Card

First and foremost, this card is a solid pick for balance transfers thanks to its long intro 0% APR offer. The promotional balance transfer fee also helps it stand out from the card crowd (as well as save you some money on your transfer). Added to that, you get up to four months to actually transfer your balances and still qualify for the intro APR, which is way longer than most other issuers offer.After you're done paying off your balance transfer, however, you don't have to cancel this card. Unlike some other picks on the list, this card has staying power thanks to its cash back rewards. While it's not as straightforward as some rewards cards -- you earn 1% when you make a purchase, then another 1% when you pay off your balance -- it'll still be a decent flat-rate card once you're done with the balance transfer.
  • This best balance transfer credit card is great for: This is a solid option for folks who want a competitive intro APR offer on balance transfers that includes a promotional balance transfer fee. It even has some long-term potential thanks to the cash back rewards you can earn on purchases.
  • When to consider an alternative: There is no intro APR on new purchases, so avoid this card if you're going to be using it for purchases on top of any transferred balances. Those purchases will accrue interest. Check out some alternatives with intro APRs on both types of balances if this is important to you.

Apply for Citi Double Cash® Card on Citi's website.

Citi Simplicity® Card

This is a card that owns what it is: It's a balance transfer credit card, and it doesn't try to do anything else. For instance, it's hard to beat the length of the intro APR offer on this card, since it has a remarkable 21 months for balance transfers.Top that off with a lower promotional balance transfer fee, and you get a one-two punch that can definitely save you money on high interest credit card debt. You even get something with that card that many other cards lack: time to transfer. You have four months after opening the card to transfer your balances, which is twice as long as what some cards offer.
  • This best balance transfer credit card is great for: Anyone whose sole need is to reduce the interest they're paying on existing card debt. You get a relatively low transfer fee, a good amount of time to make the transfer, and a long time to pay off your balance before the go-to rate kicks in.
  • When to consider an alternative: This card doesn't have as generous an intro offer on new purchases as it does for transfers, so if you need a deal on a future purchase, look for a different intro APR card.

Apply for the Citi Simplicity® Card on Citi's website.

U.S. Bank Visa® Platinum Card

Sometimes you just want a credit card that does what you need -- and nothing else. This may be that card. It's a good pick for people who simply want to save on high-interest credit card debt thanks to a long intro 0% APR offer on balance transfers and new purchases.For your existing debt, there's the long 0% intro rate for balance transfers, plus a lower go-to balance transfer fee than a lot of other cards. (Some cards only offer 3% as a promotional rate.) Cardholders also get to save on new purchases with the same intro APR offer, which is ideal if you still need to use your card while paying down your transfer balance.
  • This best balance transfer credit card is great for: Folks who need a nice long intro APR on balance transfers, but who may also need to use their card while they pay down the transfer balance. The intro APR on this card applies to both transfers and new purchases, giving you added flexibility.
  • When to consider an alternative: If you want to earn rewards on your purchases, either while paying down your transfer or after it's finished, this isn't the card for you. Look at some other options with both an intro offer and rewards.

Apply for the U.S. Bank Visa® Platinum Card on U.S. Bank's website.

Bank of America® Customized Cash Rewards credit card

The best balance transfer cards aren't usually good at much else. This card walks the line between balance transfer and rewards card. It offers a really solid intro APR offer for balance transfers, as well as a low go-to balance transfer fee.The same intro offer also applies to new purchases, which makes the card usable even while you're working on your balance transfer bonus. Plus, cardholders can earn up to 3% cash back on eligible purchases, which means you'll get some great functionality out of this card long after your intro offers have expired and your balance transfer is paid off.
  • This best balance transfer credit card is great for: If you're looking for a good balance transfer offer but want a card you can keep for a long time, this might be a good fit. The customizable cash back rewards make a good addition to most wallets, so this card has staying power.
  • When to consider an alternative: This card's balance transfer offer is solid, but it's hardly the best on the market. Look at some other options if you need a longer intro APR term. Some cards offer up to 21 months.

Apply for Bank of America® Customized Cash Rewards credit card on Bank of America's website.

Wells Fargo Active Cash® Card

Some cards are really good at one thing. This card is fairly good at a lot of things. It's a decent balance transfer card, offering more than a year of 0% intro APR on transfers as well as a promotional balance transfer fee (see ). The same intro offer also applies to new purchases, which makes it a pretty solid option for saving on interest there, too. The go-to 20.24%, 25.24%, or 29.99% Variable APR applies at the end of the intro period.When it comes to rewards, this card winds up on many lists as a good option for non-category spending. Its flat-rate rewards apply to purchases regardless of category type. And the proverbial cherry on top of it all is the welcome bonus, which is great for a no annual fee card.
  • This best balance transfer credit card is great for: Folks who need at least a year to pay off a balance transfer, but who don't need a card that's only good for transfers. With this pick, you also get a new purchase APR offer, great rewards, and a good welcome bonus.
  • When to consider an alternative: Since this card offers a bit of everything, it's not as good as a dedicated balance transfer card. If you need the longest intro APR period possible, look for other options.

Apply for the Wells Fargo Active Cash® Card on Wells Fargo's website.

Chase Freedom Flex℠

It's hard to beat this card when it comes to versatility. The balance transfer offer is good enough to be worthwhile, especially with its promotional balance transfer fee. New purchases also get the same intro APR offer, so you can still use your new card without accruing interest even after you're transferred your balances.And you'll probably want to make purchases when you see the rewards you can earn. In addition to high-rate rotating category bonuses, you can get bonus rewards on dining, drugstore purchases, and even Chase travel purchases. Add on the welcome bonus, and you're looking at a card that's useful to a huge range of people.
  • This best balance transfer credit card is great for: This card is worth considering for people in the market for a balance transfer card they can use for other things, too. The intro APR offers on balance transfers and new purchases are solid, and the purchase rewards are extremely competitive.
  • When to consider an alternative: Offering so much in one card means compromise, so this card's intro APR offer isn't the absolute best on the market. Look at our other options if you need the longest intro APR term you can get.

Apply for Chase Freedom Flex℠ on Chase's website.

  • Brittney:

    My personal card collection comprises many types of cards, which gives me both professional and personal experience to draw from in my research. I know what to look for in a balance transfer card, including the fees and gotchas that might be hidden in the fine print or behind financial jargon. I also have a ton of experience crunching the numbers, so I can help readers understand the real-life impacts of a balance transfer on their finances.

Compare balance transfer credit cards

The Picks
Card Rating Great For
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5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Great For: Unlimited cash back
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Great For: Balance transfers and cash back
Award Icon 2024 Award Winner
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Great For: Long 0% intro APR
Award Icon 2024 Award Winner
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Great For: Long 0% intro APR
Award Icon 2024 Award Winner
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Great For: Rewards versatility
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Great For: Rewards
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
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Great For: Balance transfers and cash back
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Great For: Balance transfers and purchases
U.S. Bank Visa® Platinum Card is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.

Is a balance transfer credit card right for you?

It's important to consider the benefits and drawbacks of doing a balance transfer with a balance transfer credit card. While the best balance transfer credit cards can save you hundreds in interest, they can also end up costing you.

A balance transfer credit card is a good idea if:

  • You want a lower interest rate. The biggest perk of 0% APR balance transfer credit cards is how much money they can save you. If you have credit card debt that you'll be paying off over six months or longer, then a balance transfer could lead to big savings.
  • You want to consolidate debt. When you have debt spread out across multiple credit cards, it can be difficult to manage. The best balance transfer cards allow you to consolidate debt so you only need to make one payment per month.
  • You're trying to boost your credit score. Credit card debt often results in a high credit utilization ratio, a factor that has a big impact on your credit score. Since opening a balance transfer card adds to your total credit, it will lower your credit utilization. That balance transfer could save you money and raise your credit score.

A balance transfer credit card is not a good idea if:

  • You don't have a plan to pay off your debt. A balance transfer only helps if you take advantage of the opportunity by paying off as much debt as possible before the intro APR period ends, and you don't overspend now that your debt isn't costing you any interest. Otherwise, you could reach the end of the intro period with the same amount of debt or more. Use our balance transfer calculator to see how much you could save with a balance transfer.
  • You have subpar credit. To qualify for the top balance transfer credit cards, you'll typically need good credit. If your credit is bad or average, it's a good idea to focus on building your credit. That way you don't need to settle for a subpar balance transfer card.
  • You could pay off existing credit card debt within a few months. When you're this close to paying off your debt, it's usually better to stick with your current credit card. A balance transfer fee could wipe out anything you'd save on interest. Even if it's a balance transfer credit card with no fee, the credit card application will still take time and cause a small dip in your credit score.

Can a balance transfer card save you money?

You can use the balance transfer calculator below to get a clearer picture of how much it could save you on interest and monthly payments.

Credit Card Balance Transfer Payoff Options


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Adjusted Plan With Balance Transfer Card
Based on the information entered, a balance transfer credit card would cost you more money in the long run. You may want to consider a personal loan instead.

Fee Disclosure: Some balance transfer credit cards may charge additional fees. These can include both annual fees and balance transfer fees. Check your card's terms and conditions for fee amounts. Your credit card will also have a balance transfer limit that restricts how much you can transfer. This limit should be listed in your cardholder agreement and will often be available by logging into your online account.

How to transfer a credit card balance

Savvy consumers use credit card balance transfer offers to refinance or consolidate credit card debt. And when used correctly, the best balance transfer credit cards can save you hundreds of dollars in interest. To get the best credit card balance transfer offers, it helps to understand how balance transfers work.

Here are the three steps on how to do balance transfers:
  1. Search for one of the best balance transfer credit cards. Try to find a card with a long enough intro period so that you'll be able to pay off your debt within that time frame.
  2. Open the card and transfer the balance. You'll need the credit card number of the card with the balance as well as the amount to transfer. Most card issuers let you transfer balances online. So you'll log in to the account for your balance transfer card and look for the balance transfer option. Alternatively, you can call the credit card company and do the balance transfer by phone.
  3. Make your payments. You're still required to make payments on the original card until the balance transfer is processed. You'll know that has happened once the original card balance changes. From this point on, you'll make payments on the balance transfer card.

Does a balance transfer affect your credit score?

Balance transfers can hurt and help your credit. When you use a balance transfer card, it affects three factors used to calculate your credit score:

  • New credit (10% of your FICO® Score): The credit card application will cause a hard credit inquiry, which negatively affects the new credit category. It's not a serious issue, though, as most consumers only see their FICO® Scores drop five points or less from a hard inquiry.
  • Length of credit account history (15% of your FICO® Score): A new credit card causes your average length of credit account history to decrease, and this can hurt your credit.
  • Credit utilization (30% of your FICO® Score): Your new balance transfer card's credit limit will increase your total credit, causing your credit utilization to go down. That's good for your credit score. But your credit utilization on each individual card is also important. If you end up with high credit utilization on the balance transfer card, then that could have a negative impact.

Although your credit score may or may not drop after a balance transfer, it will likely go up as you pay down your credit card debt. After all, building a positive payment history is one of the best ways to rebuild credit. And balance transfer credit cards allow you to do that faster while also saving on interest.

Is there a limit to how much you can transfer?
You can never transfer a balance that's larger than your credit limit. Some of the best 0 balance transfer credit cards will only let you transfer up to a percentage of your credit limit -- usually 70% to 95% -- while others will let you reach your credit limit. Keep in mind that any balance transfer fees will add to your balance as well. If you're transferring a $1,000 balance to a card with a 3% balance transfer fee, you'll need a credit limit big enough to cover a $1,030 balance.

What is a balance transfer credit card?

A balance transfer credit card moves a balance from one account to another. Once you've completed a balance transfer, the original account is paid off, and you make payments on the account that received the transfer.

You're essentially using the balance transfer card to pay off your debt. The best balance transfer credit cards come with a 0% introductory APR -- similar to 0% intro APR credit cards -- on a qualifying balance transfer. This means that you won't pay credit card interest on the balance transferred for the intro period, which can be anywhere from a few months to 20 or more billing cycles. After the introductory APR ends, the card issuer will start charging the card's regular variable APR on any remaining balance. Paying off your balance quickly will help you avoid getting an interest charge when the intro APR period ends.

The type of debt you can transfer depends on your balance transfer card.

Sometimes a card issuer only allows a credit card transfer of balances, whereas others let you transfer all kinds of debt. Consumers typically use balance transfer cards for credit card debt.

The total amount of the transfer, plus any balance transfer fees, must be less than the balance transfer card's credit limit. If it isn't, you'll find your balance transfer denied. You can't do a credit card transfer between two cards from the same card issuer, either. A balance transfer from a Chase credit card to a Citi credit card is fine, but a transfer between two Chase credit cards wouldn't be allowed.

Balance transfer fees

A balance transfer fee is an extra fee charged by the receiving credit card -- the card you're transferring to -- to process the balance transfer. Typical balance transfer fees range from 3% to 5% of the total amount transferred.

The transfer fee is generally added to your overall credit card balance. For example, if you transfer $1,000 to a credit card with a 3% balance transfer fee, you'll be charged an extra $30. Your new balance on the balance transfer card will be $1,030. In other words, you need to consider the transfer fee when determining how much you can transfer to a new card, since your total balance -- including the fee -- cannot exceed your credit limit.In addition to an introductory 0% APR, many of our favorite balance transfer cards also come with a promotional balance transfer fee. A fee drop from 5% to 3% can save you $20 per $1,000 transferred, so these promotional rates can be a big money saver.
What happens to the old credit card after the balance transfer?
The credit card that originally had the balance will remain open after the balance transfer. Although you can continue using it, you should strongly consider waiting until you've paid off all your credit card debt. That way, you don't run the risk of running up a costly balance and ending up in the same position as before.

4 alternatives to balance transfer credit cards

If you're not sure that a 0% APR balance transfer credit card is the best option for you, consider these alternatives:

1. Personal loans for debt consolidation

By paying your debts with a personal loan, you'll have a fixed loan term, payment amount, and interest rate. Consolidating debt is a great way to ensure you can afford your monthly payments and get your debt paid off in full. Even though debt consolidation loans don't offer 0% intro APRs, you can find personal loans with low interest rates. You also won't need to worry about the APR going up like it does with balance transfer cards at the end of the intro period.

2. Home equity loans/home equity lines of credit

Since a home equity loan or a home equity line of credit (HELOC) uses your home as collateral, they tend to offer some of the lowest interest rates you can find. Either is an affordable way to pay off debt, but you will need equity in your home to qualify. The fact that your home is the collateral also adds to your risk.

3. Nonprofit credit counseling agencies

When you work with a credit counseling agency, it can give you advice on how to budget and pay back your debts. A credit counseling agency can also negotiate a debt management plan with your creditors. This option can be especially helpful if your credit isn't the best, as it's hard to find balance transfer credit cards for bad credit.

4. Negotiating your credit card debt

Credit card companies are often willing to negotiate your credit card debt with you if you're having trouble making your monthly payments. Some might even have low interest credit cards you can consider. Many offer hardship plans that can reduce your card's interest rate, fees, or minimum payment amount. Even if your card issuer doesn't, you may still be able to negotiate any of those items.

FAQs

  • You usually need a FICO® Score of 670 or higher to qualify for a balance transfer credit card. Most balance transfer cards, especially the ones with a 0% intro APR, are intended for consumers who have good or excellent credit.
  • A standard balance transfer fee is 3% or 5% of the transaction amount with a $5 minimum. To find out how much a specific credit card charges, check the fees section in its pricing and terms.
  • A balance transfer card alone most likely won't affect your ability to get a mortgage, but credit card debt could.Lenders check your debt-to-income (DTI) ratio when you apply for a mortgage. If you have a high DTI ratio due to credit card debt, that could negatively impact your mortgage application. Large amounts of credit card debt can also affect your credit score, which is another item that mortgage lenders consider.
  • A balance transfer credit card can accept balance transfers from other cards. When you set up a balance transfer, your balance transfer card is paying off your other credit card(s). The amount you transfer will be taken off the original credit card and put onto the balance transfer card.
  • A balance transfer can take anywhere from two days to six weeks. It depends on multiple factors, including the card issuers of both cards. Here are the typical balance transfer times for the most popular card issuers:
    • American Express: Usually five to seven days, but can take up to six weeks
    • Bank of America: Up to 14 days
    • Capital One: Generally three to 14 days
    • Chase: Seven to 21 days
    • Citi: Two to 21 days
    • Discover: Most transfers are processed within four days, but new accounts have a 14-day waiting period before balance transfer requests can be processed
    • U.S. Bank: Up to 14 days
    • Wells Fargo: Up to 14 days

Ask the experts

Francisca Beer, Ph.D.

Francisca Beer, Ph.D.

Professor of Finance, California State University, San Bernardino

Dr. Francisca Beer, Professor of Finance at California State University, San Bernardino, is renowned for her expertise in corporate finance, capital markets, and international finance. With over 50 publications in esteemed journals and recipient of numerous awards, she is a respected thought leader. Her commitment to financial literacy extends to WalletHub contributions, community workshops, and speaking engagements across the globe.

Who would be a good candidate for a balance transfer credit card?

Meticulous and knowledgeable consumers who are serious about paying down debt. Balance transfers can be problematic for customers for several reasons. Some customers overlook that a transfer means making monthly payments even if the APR is 0%. Others do not account for the transfer fee when evaluating the benefits of a transfer. Yet others do not understand the impact of a transfer on their credit limit when they use an existing card. Some do not understand when penalty rates will be applied.

Do you need good credit for a balance transfer credit card?

The transfer request will most probably be rejected when a customer has filed for a bankruptcy in the past. Transfers might also be declined for customers with past due payments or a low credit score. In some cases, the credit score is used to calculate the length of the 0% introduction period.

What do consumers need to know about 0% intro APR offers?

Generally speaking, if the balance transferred can be paid off within the 0% APR intro period, the transfer is probably a good idea. If the balance cannot be paid within that period of time, it's important to know what the APR will be. It's probably better to avoid using the card for anything else than paying the transfer balance. So customers should steer clear of using the card for both transfer and new purchases.
Our Credit Cards Experts