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Balance Transfer Credit Cards

Transfer credit card balances onto one card and simplify your debt today.

What can balance transfer credit cards do for you? Save big bucks on interest. A new credit card, balance transfer, and lower payments can all be yours with any of these recommended credit cards. Simplify your life by consolidating all your credit card debt onto one card. Some of these balance transfer credit cards even offer rewards programs, offering cash back, miles and/or points for all purchases charged to the credit card. Better yet: many 0% interest credit cards have an introductory period on all funds transferred!

When considering a credit card for balance transfers, make sure to note the length of the intro period you’re signing up for. And furthermore, how long you have after becoming a cardholder to transfer your debt at the lowest possible rate.

Best 0% Balance Transfer Offer for 2014: Discover it - 18 Month Balance Transfer

Intro periods on balance transfer credit cards last anywhere from 3 to 18 months depending on the credit card. Why are they so important? Well, the intro period is the period in which you'll enjoy 0% APR, making it the time in which you’ll be paying your credit card debt back directly without interest. This is the most important time to chip away at your credit debt, which is why we recommend taking full advantage of your credit card’s intro period.

We've ranked the five best balance transfer credit card offers below - apply today and get the ball rolling on paying down your debt to zero, interest-free!

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Citi Simplicity® Card

Intro APR
0%
18 months*
Regular APR
12.99 - 21.99% (Variable)
Balance Transfer
0%
18 months*
Average Savings
$325.00
Over 1 year Apply Now View Savings Info

Citi Simplicity® Card Highlights

  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
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4.85
Expert Rating

Your Average Savings

Year One Year Two Year Three Total
Interest Savings on Balance Transfers ? $100.00 $67.53 $35.05 $202.58
* For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Interest Savings on Balance for New Purchases ? $240.00 $162.06 $84.12 $486.18
* For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Balance Transfer Cost ? -$15.00 -$0.00 -$0.00 -$15.00
* For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
* Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
Totals $325.00 $229.59 $119.17 $673.76
* Credit card savings displayed are based on estimates as calculated by Creditnet.com, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

Citi® Diamond Preferred® Card

Intro APR
0%
18 months*
Regular APR
11.99% - 21.99%* (Variable)
Balance Transfer
0%
18 months*
Average Savings
$325.00
Over 1 year Apply Now View Savings Info
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4.6
Expert Rating

Your Average Savings

Year One Year Two Year Three Total
Interest Savings on Balance Transfers ? $100.00 $70.03 $40.05 $210.08
* For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Interest Savings on Balance for New Purchases ? $240.00 $168.06 $96.12 $504.18
* For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Balance Transfer Cost ? -$15.00 -$0.00 -$0.00 -$15.00
* For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
* Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
Totals $325.00 $238.09 $136.17 $699.26
* Credit card savings displayed are based on estimates as calculated by Creditnet.com, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

Discover it®

Intro APR
0%
14 months
Regular APR
10.99% - 22.99% Variable*
Balance Transfer
0%
14 months
Average Savings
$411.40
Over 1 year Apply Now View Savings Info

Discover it® Highlights

  • 0% intro APR on purchases & balance transfers for 14 months—then a variable purchase APR applies, currently 10.99 - 22.99%. A 3% fee applies to each transferred balance.
  • Rated 4.8 out of 5 stars by over 4,000 cardmembers.*
  • No annual fee, no late fee for your first late payment - APR won't go up for you paying late, no overlimit fee and no foreign transaction fee.*
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4.9
Expert Rating

Your Average Savings

Year One Year Two Year Three Total
Interest Savings on Balance Transfers ? $100.00 $54.39 $45.05 $199.44
* For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Interest Savings on Balance for New Purchases ? $240.00 $130.10 $108.12 $478.22
* For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Reward Points ? $86.40 $86.40 $86.40 $259.20
This card offers 5% cash back ($.05) on up to $1,500 spent in rotating categories that change each quarter. We assume cardholders spend 35% of their total purchase balance on these 5% cash back options. We then assume that consumers earn 1% cash back on the remaining 65% of their monthly purchase balance.
Balance Transfer Cost ? -$15.00 -$0.00 -$0.00 -$15.00
* For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
* Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
Totals $411.40 $270.89 $239.57 $921.86
* Credit card savings displayed are based on estimates as calculated by Creditnet.com, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

Read the terms and conditions of a credit card if you want to take advantage of the promotional 0% introductory rate on balance transfers. Sometimes these transfers need to be initiated on your card application, within a certain number of days (i.e. 30 days), or by the end of the 0% promotional period (i.e. 12 months).

Citi® Dividend Platinum Select® Visa® Card

Intro APR
0%
12 months*
Regular APR
12.99% - 22.99%* (Variable)
Balance Transfer
0%
12 months*
Average Savings
$425.00
Over 1 year Apply Now View Savings Info
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4.65
Expert Rating

Your Average Savings

Year One Year Two Year Three Total
Interest Savings on Balance Transfers ? $100.00 $35.05 $35.05 $170.10
* For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Interest Savings on Balance for New Purchases ? $240.00 $84.12 $84.12 $408.24
* For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
One Time Bonus ? $100.00 $0.00 $0.00 $100.00
Cardholders that spend $500 within the first three months of account opening will receive a $100 cash back bonus. This one-time bonus will only display in your savings calculations if the monthly purchases entered into your "My Credit Card Profile" meet this qualification.
Balance Transfer Cost ? -$15.00 -$0.00 -$0.00 -$15.00
* For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
* Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
Totals $425.00 $119.17 $119.17 $663.34
* Credit card savings displayed are based on estimates as calculated by Creditnet.com, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

U.S. Bank Visa® Platinum Card

Intro APR
0%
15 billing periods
Regular APR
9.99% - 23.99%* (Variable)
Balance Transfer
0%
15 billing periods
Average Savings
$325.00
Over 1 year Apply Now View Savings Info
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4.5
Expert Rating

Your Average Savings

Year One Year Two Year Three Total
Interest Savings on Balance Transfers ? $100.00 $62.54 $50.05 $212.59
* For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Interest Savings on Balance for New Purchases ? $240.00 $150.09 $120.12 $510.21
* For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
Balance Transfer Cost ? -$15.00 -$0.00 -$0.00 -$15.00
* For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
* Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
Totals $325.00 $212.63 $170.17 $707.80
* Credit card savings displayed are based on estimates as calculated by Creditnet.com, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

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Balance Transfer Credit Cards - Why They're Helpful

What is a balance transfer credit card? The short answer: A credit card that allows you to transfer your credit card debt to a new credit card, ideally one with a small transfer fee and an extended 0% interest intro period.

OK, so what does that mean for you? Once you apply online and are approved for one of our recommended balance transfer cards above, you’ll begin paying back your debt directly without interest. As long as you make monthly payments on time, you’ll remain enrolled in the intro program for the full period, giving you the maximum amount of time to pay back your credit card debt interest free.

Here are some things to know about balance transfer credit cards on the market today...

  • Balance Transfer Fees

Generally, balance transfer fees are small. Consider it a “payment” for eliminating interest for a specific amount of time. Our recommended balance transfer fee card - the Citi Simplicity® Card - includes a 3% transfer fee. So, you’ll be obligated to pay 3% of whatever balance you’re transferring over; in our opinion that's a small price to pay to temporarily eliminate interest.

  • Intro Periods on Balance Transfer Credit Cards

We recommend applying for balance transfer credit cards with the longest intro period available, especially if your debt is larger and might take longer to pay off. Credit card intro periods that last 15 - 18 months are most recommended by Credinet.com because they limit the urgency of paying back your debt. The longer you’re able to take advantage of 0% interest rates, the fewer sacrifices you’ll need to make when it comes to making monthly payments. (And thus the more likely you are to be able to make on-time payments, even at the minimum.)

Check out a full list of 0% interest credit cards on Creditnet.com to easily compare balance transfer fees and intro periods.