Best Balance Transfer Credit Cards – February 2023

If you have a big credit card balance sitting at 20% interest or even higher, the following cards allow you to transfer your balance over to the new card and get over a year to pay it off at a 0% interest rate. All of these cards have no annual fee.

Citi Simplicity® Card Balance Transfer Offer: 0% intro APR for 21 months from date of first transfer when transfers are completed within 4 months from date of account opening. After the introductory period ends, a variable APR of 18.24% – 28.99%, based on your creditworthiness. Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater, introductory fee for transfers made within 4 months of account opening. After that, your fee would be either $5 or 5% of the amount of each transfer, whichever is greater. NO ANNUAL FEE.

 

U.S. Bank Visa® Platinum CardBalance Transfer Offer: 0% introductory APR on Balance Transfers for the first 18 billing cycles for balances transferred within 60 days from account opening. After that, 18.74% to 28.74% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. Balance Transfer Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater. No annual fee. Also offers a 0% APR on new purchases with the card for the first 18 billing cycles!

 

Citi® Double Cash Card – 18 month BT offerBalance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% – 28.24%, based on your creditworthiness. Balance Transfer Fee: 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 would be 5% of each transfer (minimum $5).

REWARDS: Earn 2% cash back on purchases: 1% when you buy and 1% as you pay — no categories to worry about, and no cap on the 2% cash back you can earn.

Chase Freedom Flex℠Balance Transfer Offer: 0% Intro APR for the first 15 months that your Account is open. After that, 19.24% to 27.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate. Balance Transfer Fee: Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.

REWARDS: Good everyday earnings, plus the opportunity to earn 5% cash back in certain purchase categories throughout the year, all with no annual fee! EARN: 5% on up to $1,500 in combined purchases in bonus categories each quarter you activate, 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases, 1% on all other purchases. NEW CARDHOLDER BONUS OPPORTUNITY: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. NO ANNUAL FEE.

 

Chase Freedom Unlimited®Balance Transfer Offer: 0% Intro APR for the first 15 months that your Account is open. After that, 19.24% to 27.99%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate. Balance Transfer Fee: Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.

REWARDS: Good cash-back on everyday categories, and a nice “catch all” reward rate on other purchases, with no annual fee. EARN: 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants (including takeout and eligible delivery services), 3% on drugstore purchases, and 1.5% on all other purchases. INTRO OFFER FOR NEW CARDHOLDERS: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year). Could be worth up to $300 cash back 👀 NO ANNUAL FEE.

 

Capital One SavorOne Cash Rewards Credit CardBalance Transfer Offer: 0% introductory APR for the first 15 months that your account is open. After that, your APR will be a variable 19.24% – 29.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Balance Transfer Fee: 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open.

REWARDS: Offers generous cash back in everyday categories where you are likely to be doing real spending, with no annual fee! EARN: 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. EARLY SPEND BONUS: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening. NO ANNUAL FEE.

 

Blue Cash Everyday® Card from American ExpressBalance Transfer Offer: 0% introductory APR for the first 15 months from the date of account opening on balance transfers requested within 60 days of account opening. After that, the APR on future balance transfers is 18.24% to 29.24% based on your creditworthiness and other factors as determined at the time of account opening. This APR will vary with the market based on the Prime Rate. Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

REWARDS: Earn 3% cash back on groceries at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 3% cash back on U.S. online retail purchases on up to $6,000 per year in purchases (then 1%), 3% cash back on gas at U.S. gas stations on up to $6,000 per year in purchases (then 1%), 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. No annual fee.

NEW CARDHOLDER WELCOME BONUS OPPORTUNITY: Earn a $200 statement credit after you spend $2000 in purchases on your new Card within the first 6 months. See Rates & Fees. Terms Apply. American Express is a ProudMoney advertiser.

 

Capital One Quicksilver Cash Rewards Credit Card Balance Transfer Offer: 0% introductory APR for the first 15 months that your account is open. After that, your APR will be a variable 19.24% – 29.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Balance Transfer Fee: 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open.

REWARDS: Easy-to-understand cash back credit card gives 1.5% cash back on every purchase you make with the card, so it’s not necessary to think about different purchasing categories. No annual fee to worry about, either. EARLY SPEND BONUS: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

 

Citi Custom Cash℠ CardBalance Transfer Offer: Introductory rate of 0% for 15 months from date of first transfer for balance transfers completed within 4 months of account opening. After the introductory period ends, a variable APR of 18.24% – 28.24%, based on your creditworthiness. Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.

REWARDS: No-brainer opportunity to earn 5% cash back in the everyday category you shop most each month, with no annual fee! EARN: 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter and on all other purchases. The 5% eligible categories are: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, live entertainment. NEW CARDHOLDER WELCOME BONUS OPPORTUNITY: Earn $200 cash back after you spend $1500 on purchases in the first 6 months of account opening. NO ANNUAL FEE.

More Balance Transfer Credit Cards


Author: Adam Jusko