Top 10 Best Credit Card For Transferring Balances

Are you looking for the best credit card for transferring balances with low interest, then you are in the right place. I recommend the Top 10 best credit card for balance transfer.

The Best Balance Transfer credit card that can help you pay off the debt by transferring your existing balance to a new credit card with lower interest or no interest over a period of time. Some credit cards have balance transfer offers an introductory APR of 0% up to nearly two years, which can save you hundreds or even thousands of dollars in interest.

Best Credit Card For Transferring Balances

Top 10 best credit card for transferring balances

1. Citi Simplicity Card

Citi Simplicity Card

Intro APR on balance transfers 0% for 21 months
Regular APR 14.74%-24.74%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 12 months

Citi Simplicity Card Details

  • With the Citi Simplicity credit card, take advantage of a low intro APR on credit card balance transfers and purchases. Plus, keep it simple with no late fees, no penalty rate and no annual fee ever.
  • 0% Intro APR on balance transfers for 21 months from the date of first transfer. All transfers must be completed in the first 4 months. After that, the variable APR will be 14.74% – 24.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 14.74% – 24.74%, based on your creditworthiness.
  • For each credit card balance transfer, you charged Either $ 5 or 5%(whichever is greater) of the amount.
  • For Foreign Transaction, you charged 3% per transaction.
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.

2. Citi Double Cash Card

Citi Double Cash Card

Intro APR on balance transfers 0% for 18 months
Regular APR 13.99%-23.99%
ANNUAL FEE $0
Rewards Earn 2% cashback on every purchase with unlimited 1% cashback when you buy, plus an additional 1% as you pay for those purchases.
Intro APR on purchases N/A

Citi Double Cash Card Details

  • 0% intro APR on balance transfer for 18 months; after that the variable APR will be 13.99% – 23.99% based on your creditworthiness.
  • For each credit card balance transfer, you charged Either $ 5 or 3%(whichever is greater) of the amount.
  • For Foreign Transaction, you charged 3% per transaction.
  • Standard variable cash advance APR – 25.24%. Variable Penalty APR up to 29.99% and applies if you pay late or your payment is returned.
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.
  • Earn Cashback twice. unlimited 1% cashback when you buy, plus an additional 1% as you pay for those purchases. Balance Transfers do not earn cashback.

3. Citi Diamond Preferred Credit Card

Citi Diamond Preferred Credit Card

Intro APR on balance transfers 0% for 21 months
Regular APR 13.74%-23.74%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 12 months

Citi Diamond Preferred Credit Card Details

  • 0% Intro APR on balance transfers for 21 months from the date of first transfer. After that, the variable APR will be 13.74% – 23.74%, based on your creditworthiness. All transfers must be completed in the first 4 months.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 13.74% – 23.74%, based on your creditworthiness.
  • For each credit card balance transfer, you charged Either $ 5 or 5%(whichever is greater) of the amount.
  • For Foreign Transaction, you charged 3% per transaction.
  • Standard variable cash advance APR – 25.24%. Variable Penalty APR up to 29.99% and applies if you pay late or your payment is returned.
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.

4. Wells Fargo Platinum Card

Wells Fargo Platinum Card

Intro APR on balance transfers 0% for 18 months
Regular APR 15.49%-24.99%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 18 months

Wells Fargo Platinum Card Details

  • 0% Intro APR on balance transfers for 18 months from date of first transfer. After that, the variable APR will be 15.49% – 24.99%, based on your creditworthiness. All transfers must be completed in the first 120 days.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 15.49% – 24.99%, based on your creditworthiness.
  • Enjoy these features like Auto rental collision damage waiver, Roadside dispatch, Travel accident insurance, Travel, and emergency assistance services.
  • 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 Wells Fargo Platinum card. However,  coverage does not include cell phones that are lost.
  • For Foreign Transaction, you charged 3% per transaction in US Dollar
  • For each credit card balance transfer, you charged Either $5 or 3%(whichever is greater) of the amount.
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.

5. BankAmericard Credit Card

BankAmericard Credit Card

Intro APR on balance transfers 0% for 15 billing cycles
Regular APR 12.99%-22.99%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 15 billing cycles

BankAmericard Credit Card Details

  • 0% Intro APR for 15 billing cycles Applies to purchases and to any balance transfers made within 60 days of opening your account.
  • Standard APR 12.99% – 22.99% applies to purchases and to any balance transfers after 15 billing cycles.
  • For each credit card balance transfer, you charged Either $10 or 3%(whichever is greater) of the amount. Introductory $0 balance transfer fee for the first 60 days your account is open.
  • For Foreign Transaction, you charged 3% per transaction in US Dollar
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.

6. Chase Freedom Credit Card

Intro APR on balance transfers 0% for 15 months
Regular APR 14.99%-23.74%
ANNUAL FEE $0
Rewards Earn 5% cashback on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cashback on all other purchases.
Intro APR on purchases 0% for 15 month

Chase Freedom Credit Card Details

  • 0% Intro APR for 15 months that your Account is open Applies to purchases and to any balance transfers After that, 14.99% to 23.74%, based on your creditworthiness.
  • For each credit card balance transfer, you charged Either $5 or 3%(whichever is greater) of the amount made within 60 days of account opening. After that, Either $5 or 5% of the amount of each transfer, whichever is greater.
  • For Foreign Transaction, you charged 3% per transaction in US Dollar
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.
  • Earn 5% cashback on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cashback on all other purchases.

7. Simmons Visa Credit Card

Simmons Visa Credit Card

Intro APR on balance transfers 0% for 12 months
Regular APR 8.25%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 12 months

Simmons Visa Credit Card Details

  • 0% Intro APR for 12 months that your Account is open Applies to purchases and to any balance transfers After that, 8.25% within 60 days of account opening date.
  • For each credit card balance transfer, you charged Either $10 or 3%(whichever is greater) of the amount made within 60 days of account opening. After that, the purchase APR will apply.
  • For Foreign Transaction, you charged 2% per transaction in US Dollar
  • For each cash advance, you charged either $4 or 3%(whichever is greater) of the amount.
  • Get up to $1,000,000 travel accident insurance at no additional cost.
  • Get coverage for damage due to collision or theft up to the actual cash value of most rental cars.

8. US Bank Visa Platinum Card

US Bank Visa Platinum Card

Intro APR on balance transfers 0% for 20 billing cycles
Regular APR 13.99%-23.99%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 20 billing cycles

US Bank Visa Platinum Card Details

  • Enjoy a 0% introductory APR on purchases and balance transfers within 60 days of account opening for the first 20 billing cycles. After that, the APR is variable, currently 13.99%–23.99%
  • For each cash advance, you charged either $10 or 4%(whichever is greater) of the amount.
  • For each credit card balance transfer, you charged Either $5 or 3%(whichever is greater) of the amount.
  • For Foreign Transaction, you charged 2% per transaction in US dollars.
  • Coverage is for damage or theft up to $600, with a $25 deductible, for up to two claims ($1,200) per 12-month period.

9. HSBC Gold Mastercard Credit Card

HSBC Gold Mastercard Credit Card

Intro APR on balance transfers 0% for 18 months
Regular APR 12.99%, 16.99% or 22.99%
ANNUAL FEE $0
Rewards N/A
Intro APR on purchases 0% for 18 months

HSBC Gold Mastercard Credit Card Details

  • 0% Introductory APR on Purchases and Balance Transfers for the first 18 months from account opening (“Introductory Period”).
  • Balance Transfers must be posted within the first 60 days following Account opening. After that, a competitive variable APR of 12.99%, 16.99% or 22.99% will apply.
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.
  • For each credit card balance transfer, you charged Either $10 or 4%(whichever is greater) of the amount.
  • An Overdraft Transaction Fee of either $10 or 5%, whichever is greater, will apply on the overdraft amount, if applicable.
  • There is no Annual Fee or Foreign Transaction Fee.

10. Wells Fargo cash wise visa card

Wells Fargo cash wise visa card

Intro APR on balance transfers 0% for 15 months
Regular APR 13.99%- 25.99%
ANNUAL FEE $0
Rewards $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
Intro APR on purchases 0% for 15 months

Wells Fargo cash wise visa card Details

  • 0.00% introductory APR for 15 months. After that, your APR will be 13.99% to 25.99%, based on your creditworthiness.
  • 0.00% introductory APR for 15 months. After that, your APR will be 13.99% to 25.99%, based on your creditworthiness. A balance transfer request must be made within 120 days from the account opening to qualify for the introductory APR.
  • 1.5% cash rewards on everyday purchases.
  • 1.8% cash rewards earned on purchases when using a qualified digital wallet, during the first 12 months from account opening.
  • Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of  $5.
  • For each cash advance, you charged either $10 or 5%(whichever is greater) of the amount.
  • For Foreign Transaction, you charged 3% per transaction in US dollars.

What Is a Balance Transfer?

A balance transfer involves moving debt from an Older credit card to a new card with a lower interest rate, ideally one with an introductory 0% period. In General, transfer the debt to a card offering to charge no interest on transferred balances for a limited time. This can easily save you thousands of dollars.

How Do Balance Transfers Work?

Once you receive a Balance Transfers credit card you will have a certain period of time according to card term and condition, in general, 12 months to 21 months when you can make transfers that qualify for the zero-interest offer.

Most of the Balance transfer request process through online or in their mobile app. After that, provide information about the issuer Account Number of the card or loan accounts you want to transfer balance.

Make sure that the amount can’t be higher than the credit limit you have and the transfer balance limit is lower than the new card’s total credit limit. For example, if your Total limit of the new card is $10000 then the balance transfer limit must be less than $10000 depending on the credit card issuer, which amounts approved for you.

Once your Intro APR offer ends, you will pay the card regular interest rate the entire time you are paying off the balance.

How long do balance transfers take?

Once you correctly fill all account information, the process of requesting a balance transfer starts within a minute.

Depending on the issuer, It could take 7 to 10 days, but in some cases, it could take a couple of weeks or even as long as a month. You find take time for balance transfer in card terms and conditions.

How Much Can You Save With Balance Transfer Card?

It depends on how much debt you have and what interest rates you are currently paying. Let’s calculate two Cases. On the first case calculate with a 3% transfer fee, 18% APR for 12 months. On the second case with a 3% transfer fee, 0% introductory APR for 12 months. transfer a $10,000 in both cases.

In the first case if you transfer $10000, then you have to pay $926 more. In the second case, you have to pay only $300. Now you save $626 if you use the Balance Transfer Card.

How do balance transfers affect your credit score?

Once you complete a balance transfer, you find your credit score goes down. If you apply for a new credit card or loan, they completely check your credit history. If you close a credit card it not only reduces the amount of available credit you have, but it could also affect the length of your credit history.

If you successfully pay off your balance within the intro offer period, then it would improve your credit score.

How to Choose best credit card for transferring balances?

  • No Annual Fee:- Most of the balance transfer Credit card offers No Annual fee, you must check it before apply.
  • Lengthy 0% intro APR offer:- Balance transfer credit card provides a 0% intro APR offer from 6 months to 21 months. Make sure to choose a card that offers a Lengthy 0% intro APR to pay off the balance.
  • Low regular APR:- Once your intro APR offer ends, you need to pay on regular APR. So choose a card that has low regular APR.

Who Qualifies for a Balance Transfer Card?

When you apply for a new credit card it depends on several factors. who qualifies for a balance transfer card is determined by the issuer. But one major component is your credit scores. To be approved for a balance transfer card, you may need to have good credit.

Conclusion

Here we provide our Top 10 best credit card for transferring balances, we select these credit card by 0% intro APR period for balance transfers, balance transfer fees, regular APR, savings period, current APR assumption, monthly payment assumption, other rates, and fees, customer service.

I hope you find your solution what you searching for. If you like it then share it with your friends and family on social media.

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Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is change frequently. All products or services are presented without warranty. Check the bank’s website for the most current information.

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