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What Are The Best Balance Transfer Credit Cards of 2017?

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If you're a consumer or business carrying a sizeable balance on your existing credit cards, the best balance transfer or 0% intro APR credit card can be a good tool for reducing your interest and debt burden. In our study we looked for the options that would work best for cardholders looking to move their existing credit card balances. We evaluated cards based on their ability to ease your overall interest and debt burden, and financial advantages from making new purchases.

Our Picks For Best Balance Transfer Credit Cards of 2017

The following cards were hand picked from a list of over 300 different credit cards. These cards are some of the most well-rounded balance transfer offers on the market, and are likely to fit the needs of most consumers shopping for one. For each card, we also explore their long-term potential, to see if the card can be useful after you pay off your debts.

Best Overall: Chase Slate®

The Chase Slate®'s unique feature is in not charging fees for balance transfers made within the first 60 days of opening your account. After the 60th day, you will be charged the greater of $5 or 5% of the amount transferred. As of 2017, there are very few credit cards out there that combine a $0 introductory transfer fee benefit with a long 0% APR period. On nearly all other credit card options available, even other cards that work really well as balance transfer credit cards generally have a fee of at least 3% added to any amounts you transfer. The Slate supplements this feature with a sizeable 0% intro balance transfer APR period of 15 months, which falls at the higher range in the credit card universe. Only the Citi Diamond Preferred and Citi Simplicity have longer introductory balance transfer APR lengths at 21 months each.

Graph showing the amount of time needed to pay down an average balance on a Chase Slate versus an ordinary 15% APR card.

Long-Term Potential: The Chase Slate® has limited value after the promotional period ends. After 15 months, cardholders can expect their purchase and balance transfer APR to become somewhere between 15.74%-24.49% (variable), depending on their credit history. Two out of the three possible interest rates on this card are above average – unless you qualify for the lowest APR, this is a bad deal. Furthermore, the Chase Slate® doesn’t have any rewards program, or other notable features.

Highlights

  • 0% intro APR for the first 15 months
  • $0 intro fee for balance transfers within the first 60 days of account opening
  • Free credit score tracking

Longest 0% Intro APR: Citi Simplicity® Card - No Late Fees Ever

The Citi Simplicity® Card - No Late Fees Ever comes with one of the longest introductory 0% interest periods we’ve seen, in the 300+ cards in our survey: 21 months. That comes out to close to 2 years of 0% APR on balance transfers. Unlike the Chase Slate®, the Citi Simplicity® Card - No Late Fees Ever comes with a balance transfer fee – 3% or $5, whichever is greater. Even though it charges a fee, the 6 additional months of 0% APR the card provides over the Citi Simplicity® Card - No Late Fees Ever can more than make up for that difference. If you need more than 15 months to rein in your credit card debt, this is one of the best cards to do it with.

Analysts believe that late fees on many credit cards will increase in 2017. Luckily, Citi Simplicity® Card - No Late Fees Ever cardholders never have to pay a late fee or penalty APR – making it a great card for individuals who have difficulty with their finances. With most other credit cards, missing a payment will result in a late fee up to $35, and runs the risk of raising your APR up to 29.99%. These higher rates will continue to apply indefinitely, becoming a costly mistake. With the Citi Simplicity® Card - No Late Fees Ever, even if you miss a payment, your interest rate will not change. In addition most cards also charge a fee ranging between $15-35 for every late payment made, while the Simplicity won't tack on these additional charges.

Graph showing the amount of time needed to pay down an average balance on a Citi Simplicity versus an ordinary 15% APR card.

Long-Term Potential:  The Citi Simplicity® Card - No Late Fees Ever is one of the few balance transfer credit cards to hold decent long-term potential. While the promotional APR on the Citi Simplicity® Card - No Late Fees Ever runs out after 21 months, the ‘no late fees’ and ‘no penalty APR’ features don’t. While we don’t recommend consumers miss payments, it’s still a valuable safety net to have.

Highlights

  • One of the longest '0% APR periods' - 21 months
  • No late fees or penalty APR
  • Citi Price Rewind benefit

Best For No Transfer Fees: Barclaycard Ring™ Mastercard®

The Barclaycard Ring™ Mastercard® never charges their users any balance transfer fees – no matter whether it’s 20 days after account opening or 20 months. The card provides a 0% introductory APR on balances transferred to it within the first 45 days of account opening, which would put it on par with other cards on this list, including the Chase Slate®. Once the 0% period runs out, this card provides a relatively low ongoing APR – 13.99% (variable).

The Barclaycard Ring™ Mastercard® also doesn’t come with any foreign transaction fees. If you frequently travel outside of the United States, and would rather pay using your credit card than exchanging currency, this card is great for the job. Most other credit cards would charge you up to 3% per transaction. In terms of other features, however, the Barclaycard Ring™ Mastercard® is somewhat lackluster. Its rewards program, while very unique, is complicated and not likely to get you better rewards than a decent cash back card would.

Graph showing the amount of time needed to pay down an average balance on a Barclaycard Ring MasterCard versus an ordinary 15% APR card.

Long-Term Potential: The Barclaycard Ring™ Mastercard® is great to keep around, and move over any balances you can’t pay off in one go, due to never charging transfer fees. Outside of this, there is no reason to use the card, as you will be better off sticking to a proper rewards card for most of your shopping.

Highlights

  • 13.99% APR (variable based on Prime Rate)
  • No balance transfer fees
  • No foreign transaction fees

Best for Business: Ink Business Cash℠ Credit Card

The Ink Business Cash℠ Credit Card is both a great balance transfer credit card and rewards card. It is one of the few business cards that offers an introductory balance transfer APR period - a full year. After the introductory period, the card offers a variable APR on the lower-end of the interest spectrum, and is a very reasonable rate -- especially if you qualify for the minimum rate.

If your small business is carrying a balance on its existing credit card then you might considering taking advantage of the Ink Business Cash℠ Credit Card to help manage and reduce your interest payments. The introductory APR will mitigate the costs of your existing debt, and if the cash back rates are better than your current card, the rewards will help you save on additional expenses you find yourself making. Best of all, the Ink Business Cash℠ Credit Card has no annual fee which makes it a very cost-effective option to consider.

Graph showing the amount of time needed to pay down an average balance on a Ink Cash Business Credit Card versus an ordinary 15% APR card.

Long-Term Potential: Unlike our favorite consumer cards, the Ink Business Cash℠ Credit Card is also a rewards credit card, which makes it an excellent card to keep around in the long-term. Businesses will enjoy a basic 1% cash back rate on all purchases with 2% cash back on gas station / restaurant spending and 5% cash back on specific office related expenses each account anniversary year. The extra percentages in these last two categories are applied to the first $25,000 in combined purchases each.

Highlights

  • 0% Introductory APR for 12 Months
  • 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year, and 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • APR: 13.49% to 19.49% (variable)

The Top Balance Transfer Credit Cards

Best For..Card0% Balance Transfer APR DurationOngoing APRBalance Transfer Fee
All-Around Use Chase Slate® 15 billing cycles 15.74% to 24.49% variable $0 Intro fee on transfers made within 60 days of account opening. After that: $5 or 5% of the amount of each transfer, whichever is greater
Longest 0% Intro APR Citi Simplicity® Card - No Late Fees Ever 21 Months 13.24% - 23.24% variable $5 or 3% of the amount of each credit card balance transfer, whichever is greater
No Transfer Fees Barclaycard Ring™ Mastercard® 15 months 13.99% variable None
Business Ink Business Cash℠ Credit Card 12 billing cycles 14.24% - 20.24% variable $5 or 5% of the amount of each transfer, whichever is greater

Compare Balance Transfer Credit Cards

The best way of selecting a balance transfer credit card is to fit it to your specific financial situation. Using your tool below, you can enter your current amount of debt, your estimated monthly payments, and your current interest rate, and our tool will figure out which credit cards will provide you with the best value, ranking them from highest to lowest value. If you would like to know more about some of the top cards, look to our picks below.

Current Interest Rate:
Current APR (%):
Current Balance ($)
Monthly Payments ($)
Card APR Balance Transfer Fee Intro Balance Transfer Offer Interest Savings

ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees.

The estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Chase Freedom Unlimited®
15.99% - 24.74% Variable Either $5 or 5% of the amount of each transfer, whichever is greater 0% for 15 months $0.00
Graph Card Read Review More Details
Annual Fee $0
APR 15.99% - 24.74% Variable

Card Details

  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Chase Freedom Unlimited® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Chase Freedom Unlimited® assumes an interest rate of 0.00%

Capital One® Quicksilver® Cash Rewards Credit Card
13.99% - 23.99% (Variable) 3% 0% intro on balance transfers for 9 months $0.00
Graph Card Read Review More Details
Annual Fee $0
APR 13.99% - 23.99% (Variable)

Card Details

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 9 months; 13.99%-23.99% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 13.99%-23.99% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees

Note: The information in this box was provided by Capital One® and is not part of our independent analysis.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Capital One® Quicksilver® Cash Rewards Credit Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Capital One® Quicksilver® Cash Rewards Credit Card assumes an interest rate of 0.00%

Wells Fargo Propel American Express® Card
13.99%-25.99% (Variable) 5% 0% for 12 months $0.00
Graph Card More Details
Annual Fee $0
APR 13.99%-25.99% (Variable)

Card Details

  • Earn 20,000 bonus points after spending $1,000 in the first 3 months
  • Earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, 1X point on other purchases
  • Redeem points for travel, gift cards, cash redemption options or merchandise through Go Far® Rewards
  • 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 Propel American Express® Card
  • Earn an annual relationship bonus of 10% on non-bonus rewards points if you maintain a qualifying Wells Fargo account
  • 0% Intro APR for 12 months on purchases and balance transfers, then a 13.99%-25.99% variable APR; balance transfer fees apply
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Wells Fargo Propel American Express® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Wells Fargo Propel American Express® Card assumes an interest rate of 0.00%

TRIO℠ Credit Card
14.24% to 23.24% Variable 4% or $5 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
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Annual Fee No Annual Fee
APR 14.24% to 23.24% Variable

Card Details

  • 3% cash back rewards at restaurants and 2% cash back rewards on gas and at grocery and drug stores, up to $1,500 spend per quarter in these combined purchase categories
  • 1% unlimited cash back rewards on all other purchases

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
TRIO℠ Credit Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the TRIO℠ Credit Card assumes an interest rate of 0.00%

U.S. Bank Cash 365™ American Express® Card
14.74% - 23.74% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 14.74% - 23.74% Variable

Card Details

  • Earn unlimited 1.5% cash back on eligible net purchases
  • New cardmember bonus: $100 after you spend $500 in eligible net purchases in the first 90 days you have the card
  • 0% Intro APR on balance transfers for 12 billing cycles. After that, a variable APR currently 14.74% - 23.74%
  • Unlimited cash back
  • Cash back never expires
  • No annual fee
  • Great Offer for Customers of U.S. Bank, a 2017 World's Most Ethical Company® - Ethisphere Institute, March 2017

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
U.S. Bank Cash 365™ American Express® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the U.S. Bank Cash 365™ American Express® Card assumes an interest rate of 0.00%

The Choice Privileges® Visa® Card
15.24%, 19.99% or 24.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 15.24%, 19.99% or 24.99% Variable

Card Details

  • Earn 8,000 bonus points after your first purchase
  • Earn 24,000 bonus points after your first paid stay at any Choice Privileges location
  • 15 points for every $1 spent at Choice Privileges locations
  • 5 points for every $1 spent on additional Choice Privileges points or Choice Hotel gift card purchases
  • 2 points for every $1 spent otherwise
  • Cardmembers automatically get Elite Gold status
  • Book award and free nights twenty days before other members
  • 10% point bonus on points earned for eligible stays at Choice Privileges locations
  • Redeem points for reward nights at over 1,500 hotel locations, gift cards for a variety of merchants, donations, and memberships

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
The Choice Privileges® Visa® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the The Choice Privileges® Visa® Card assumes an interest rate of 0.00%

ThankYou® Preferred Credit Card
12.99%, 17.99% or 22.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 12.99%, 17.99% or 22.99% Variable

Card Details

  • Earn 2 ThankYou points per dollar on purchases for dining at restaurants and entertainment
  • Earn 1 ThankYou point per dollar on other purchases
  • Points don't expire
  • $0 liability if your card is stolen
  • Citi Private Pass
  • Chip technology makes global travel easy
  • Rental insurance
  • Lost luggage coverage
  • Travel insurance

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
ThankYou® Preferred Credit Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the ThankYou® Preferred Credit Card assumes an interest rate of 0.00%

Hawaiian Airlines® World Elite Mastercard®
16.99%, 20.99% or 25.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
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Annual Fee $89
APR 16.99%, 20.99% or 25.99% Variable

Card Details

  • Earn 35,000 bonus miles when you spend $1,000 on purchases in the first 90 days
  • Earn 2 miles for every $1 spent on Haiwaiian Airlines
  • Earn $1 for every $1 spent on all other purchases
  • Primary cardholder is eligible to earn a $100 discount off one coach companion ticket for roundtrip travel between Hawaii and North America on Hawaiian Airlines on each account anniversary upon payment of annual fee
  • Receive a one-time 50% Off companion discount for roundtrip coach travel between Hawaii and North America on Hawaiian Airlines
  • As a primary cardholder, receive a complimentary first checked bag every time you use your card to purchase eligible tickets directly from Hawaiian Airlines
  • No foreign transaction fees

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Hawaiian Airlines® World Elite Mastercard® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Hawaiian Airlines® World Elite Mastercard® assumes an interest rate of 0.00%

Discover it® ­- 18 Month Balance Transfer Offer
11.99% - 23.99% Variable 3% 0% $0.00
Graph Card Read Review More Details
Annual Fee $0
APR 11.99% - 23.99% Variable

Card Details

  • New! Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back at Amazon.com and Target now through December 2017, on up to $1,500 in purchases when you activate. Plus, 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Discover it® ­- 18 Month Balance Transfer Offer 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Discover it® ­- 18 Month Balance Transfer Offer assumes an interest rate of 0.00%

Chase Freedom®
15.99% - 24.74% Variable Either $5 or 5% of the amount of each transfer, whichever is greater 0% for 15 months $0.00
Graph Card Read Review More Details
Annual Fee $0
APR 15.99% - 24.74% Variable

Card Details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Chase Freedom® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Chase Freedom® assumes an interest rate of 0.00%

Priceline Rewards™ Visa Card
14.99%, 19.99% or 24.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 14.99%, 19.99% or 24.99% Variable

Card Details

  • 5 points for every $1 spent on priceline.com purchases
  • 1 point for every $1 spent otherwise
  • Redeem points for statement credits against purchases made on the Priceline credit card: can be used to pay for flights, hotel stays, car rentals, gift cards, or any other purchase on the card
  • Reward redemptions begin at $25
  • Get 10% points back every time you redeem points for statement credits toward eligible priceline.com or travel purchases of $25 or more made in the last 120 days

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Priceline Rewards™ Visa Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Priceline Rewards™ Visa Card assumes an interest rate of 0.00%

The Amex EveryDay® Credit Card from American Express
13.99% - 23.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
Graph Card Read Review More Details

Terms and Limitations Apply

Annual Fee No Annual Fee
APR 13.99% - 23.99% Variable

Card Details

  • Earn 10,000 Membership Rewards® Points after you make $1,000 in purchases with your new Card in the first three months.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x)
  • 1x points on other purchases.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
The Amex EveryDay® Credit Card from American Express 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the The Amex EveryDay® Credit Card from American Express assumes an interest rate of 0.00%

Blue Cash Everyday® Card from American Express
13.99% to 24.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
Graph Card Read Review More Details

Terms and Limitations Apply

Annual Fee No Annual Fee
APR 13.99% to 24.99% Variable

Card Details

  • Limited Time Offer: Apply by 5/3/17 - Earn 10% cash back on purchases at U.S. Restaurants in the first 6 months, up to $200 back.
  • Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • Everyday Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 2% at U.S. gas stations,1% on other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.49% to 23.49%, based on your creditworthiness and other factors.
  • Terms apply.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Blue Cash Everyday® Card from American Express 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Blue Cash Everyday® Card from American Express assumes an interest rate of 0.00%

Holland American Line Rewards Visa Card
13.99%, 16.99% or 20.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 13.99%, 16.99% or 20.99% Variable

Card Details

  • Earn 5,000 points upon first purchase
  • 2 points for every $1 spent on all Holland American purchases
  • 1 point for every $1 spent otherwise
  • Redeem rewards towards discounted, reduced, and free cruise redemptions
  • Visa Signature rewards include access to exclusive events and special offers, travel and emergency assistance, travel accident insurance, roadside dispatch, lost luggage reimbursements, and auto rental collision damage waiver

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Holland American Line Rewards Visa Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Holland American Line Rewards Visa Card assumes an interest rate of 0.00%

Premier Miles & More® World Mastercard®
15.99% or 24.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
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Annual Fee $79
APR 15.99% or 24.99% Variable

Card Details

  • Earn 20,000 award miles with first purchase or balance transfer
  • Annual Companion Ticket after first purchase, and annually thereafter
  • 2 miles for every $1 spent on Miles and More integrated airlines
  • 1 mile for every $1 spent otherwise
  • Redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, and Star Alliance airlines and other partners
  • Complimentary Companion ticket after first purchase, then every year after
  • $79 Annual Fee waived for Senator and HON Circle Members
  • No foreign transaction fee

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Premier Miles & More® World Mastercard® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Premier Miles & More® World Mastercard® assumes an interest rate of 0.00%

The Wyndham Rewards® Visa Signature® Card
15.24% or 19.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
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Annual Fee No Annual Fee
APR 15.24% or 19.99% Variable

Card Details

  • Earn 12,000 bonus points with first purchase
  • 5 points per $1 spent on participating hotels
  • 2 points per $1 spent everywhere else
  • Redeem points for free nights, gift cards, magazines, newspapers, donations, merchandise, Wyndham maintenance fees, car rentals, flights, and more

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
The Wyndham Rewards® Visa Signature® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the The Wyndham Rewards® Visa Signature® Card assumes an interest rate of 0.00%

Princess Cruises Rewards Visa Card
13.99%, 16.99% or 20.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 13.99%, 16.99% or 20.99% Variable

Card Details

  • Earn 5,000 Bonus Princess Points after your make your first purchase
  • 2 points for every $1 spent on Princess Cruises purchases
  • 1 point for every $1 spent otherwise
  • Redeem rewards towards discounted, reduced, and even free cruise redemptions
  • Points can also be redeemed for special occasions, spa experiences, onboard credits, Princess merchandise, and airfare discounts

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Princess Cruises Rewards Visa Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Princess Cruises Rewards Visa Card assumes an interest rate of 0.00%

Carnival World™ MasterCard®
13.99%, 16.99% - 20.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 13.99%, 16.99% - 20.99% Variable

Card Details

  • Earn 5,000 Bonus FunPoints® when you use your card for the first time
  • 2 FunPoints for every $1 spent on all Carnival Cruise Line purchases
  • 1 FunPoint for every $1 spent otherwise
  • Redeem FunPoints towards cruise nights, Sail & Sign purchases onboard, spa or massage packages
  • FunPoints can be redeemed toward nights on Carnival, Princess Cruises, Holland America Line, Costa Cruises, and the Yachts of Seabourn

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Carnival World™ MasterCard® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Carnival World™ MasterCard® assumes an interest rate of 0.00%

National Geographic Platinum Edition® Visa®
15.99% - 22.99% Variable 5% or $10 whichever is greater. 0% Intro on Balance Transfers for 6 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 15.99% - 22.99% Variable

Card Details

  • Receive 5,000 bonus points after you spend $1,500 in the first 3 billing cycles
  • 2 points per $1 spent on purchases made through National Geographic
  • 1 point per $1 spent eveywhere else
  • 12 digital issues of National Geographic magazine plus online archive
  • 20% off qualifying purchases through the National Geographic catalog and online store
  • $250 off Nat Geo Expeditions and Adventure trips

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
National Geographic Platinum Edition® Visa® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the National Geographic Platinum Edition® Visa® assumes an interest rate of 0.00%

RCI® Elite Rewards® MasterCard®
13.99% or 24.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 13.99% or 24.99% Variable

Card Details

  • Earn up to 2,500 bonus rewards after your first purchase
  • 2 points for every $1 spent on RCI purchases
  • 1 point for every $1 spent otherwise
  • Redeem rewards toward membership renewals, exchange fees, worldwide travel (flights, car rentals, hotels, etc.), merchandise, gift cards, and RCI Resort Dollars cards

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
RCI® Elite Rewards® MasterCard® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the RCI® Elite Rewards® MasterCard® assumes an interest rate of 0.00%

Miles & More® World Elite Mastercard®
Image of Miles & More® World Elite Mastercard® 16.99% or 25.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card More Details
Annual Fee $89
APR 16.99% or 25.99% Variable

Card Details

  • 50,000 award miles after qualifying transactions
  • 1 mile for every $1 spent
  • Free Companion Ticket (economy class) upon the first use of the new Lufthansa World MasterCard, and on the anniversary of your account opening
  • Redeem miles for flight awards and upgrades on Lufthansa, Austrian Airlines, Brussels Airlines, SWISS, Star Alliance airlines and other partners

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Miles & More® World Elite Mastercard® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Miles & More® World Elite Mastercard® assumes an interest rate of 0.00%

Truly Simple Credit Card
12.74% - 23.74% Variable 4% or $10 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 12.74% - 23.74% Variable

Card Details

  • No Annual Fee
  • No Penalty Rate (APR) for a missed payment
  • Low 0% introductory APR for the first 15 billing cycles after the account is opened on purchases and balance transfers. After that, your variable APR will be 12.74% to 23.74% based on your creditworthiness

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Truly Simple Credit Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Truly Simple Credit Card assumes an interest rate of 0.00%

KeyBank Latitude Credit Card
Image of KeyBank Latitude Credit Card 10.74% - 20.74% Variable 4% or $10 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 10.74% - 20.74% Variable

Card Details

  • No annual fee
  • Special low Introductory APR of 0% for the first 15 billing cycles on purchases and balance transfers1 (made within 60 days of account opening).
  • After that, our lowest variable Purchase and Balance Transfer APR will apply, currently 10.74% - 20.74%, based on credit worthiness.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
KeyBank Latitude Credit Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the KeyBank Latitude Credit Card assumes an interest rate of 0.00%

BB&T Bright® Card
Image of BB&T Bright® Card 11.9% to 20.9% Variable 3% or $10 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 11.9% to 20.9% Variable

Card Details

  • 0% introductory (APR) for 15 months on purchases and balance transfers
  • Afterwards, variable APRs ranging from 11.9% to 20.9%
  • No annual fee

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
BB&T Bright® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the BB&T Bright® Card assumes an interest rate of 0.00%

PCB Platinum
Image of PCB Platinum 13.49% to 24.49% Variable 2% or $2 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
Graph Card More Details
Annual Fee No Annual Fee
APR 13.49% to 24.49% Variable

Card Details

  • 0% introductory APR on purchases for the first 12 months. When the offer expires the variable APR will be from 13.49% up to 24.49%.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
PCB Platinum 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the PCB Platinum assumes an interest rate of 0.00%

US Bank Visa® Platinum Card
10.74% - 22.74% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 10.74% - 22.74% Variable

Card Details

  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 10.74% - 22.74%
  • Great Offer for Customers of U.S. Bank, a 2017 World's Most Ethical Company® - Ethisphere Institute, March 2017
  • No Annual Fee
  • Flexibility to choose a payment due date that fits your schedule
  • Fraud Protection: receive notifications of unusual activity, plus zero fraud liability for fraudulent charges

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
US Bank Visa® Platinum Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the US Bank Visa® Platinum Card assumes an interest rate of 0.00%

Wells Fargo Platinum Visa® Card
16.15%-25.99% (Variable) 5% 0% for 18 months $0.00
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Annual Fee $0
APR 16.15%-25.99% (Variable)

Card Details

  • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.15%-25.99% variable APR; balance transfer fees apply
  • 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 Visa® Card
  • Free access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Wells Fargo Platinum Visa® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Wells Fargo Platinum Visa® Card assumes an interest rate of 0.00%

BankAmericard® Better Balance Rewards
11.99% - 21.99% Variable 3% or $10 whichever is greater. 0% Intro on Balance Transfers for 12 months. $0.00
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Annual Fee No Annual Fee
APR 11.99% - 21.99% Variable

Card Details

  • Earn $25 per quarter to pay down your balance faster when you pay more than the monthly minimum on time each month–that can be up to $100 each year
  • No annual fee
  • 0% Intro APR on purchases and balance transfers for 12 billing cycles

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
BankAmericard® Better Balance Rewards 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the BankAmericard® Better Balance Rewards assumes an interest rate of 0.00%

Citi Simplicity® Card - No Late Fees Ever
14.24% or 23.24% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 21 months. $0.00
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Annual Fee No Annual Fee
APR 14.24% or 23.24% Variable

Card Details

  • Balance transfer either $5 or 3% of the amt of each transfer, whichever is greater
  • Auto rental insurance
  • Citi Identity Theft Solutions
  • $0 fraud liability if card is stolen
  • Rental car insurance
  • Travel insurance
  • Purchase protection

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Citi Simplicity® Card - No Late Fees Ever 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Citi Simplicity® Card - No Late Fees Ever assumes an interest rate of 0.00%

Citi® Diamond Preferred® Card
11.99%, 16.99% or 21.99% Variable 3% or $5 whichever is greater. 0% Intro on Balance Transfers for 18 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 11.99%, 16.99% or 21.99% Variable

Card Details

  • 24/7 access to personalized concierge service
  • Special access to ticket presales, preferred seating
  • Balance transfer either $5 or 3% of the amt of each transfer, whichever is greater
  • $0 fraud liability if card is stolen
  • Special cardholder access to a variety of ticket presales
  • Rental car insurance
  • Travel insurance
  • Purchase protection

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Citi® Diamond Preferred® Card 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Citi® Diamond Preferred® Card assumes an interest rate of 0.00%

Chase Slate®
15.74% - 24.49% Variable 0% 0% Intro on Balance Transfers for 15 months. $0.00
Graph Card Read Review More Details
Annual Fee No Annual Fee
APR 15.74% - 24.49% Variable

Card Details

  • Chase Slate named "Best Credit Card for Balance Transfers" three years in a row by MONEY Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO® Score and Credit Dashboard for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply.
  • $0 Annual Fee

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Chase Slate® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Chase Slate® assumes an interest rate of 0.00%

HSBC Gold Mastercard®
Variable APR of 11.99% - 19.99% 0 0% Intro APR for 18 months $0.00
Graph Card Read Review More Details
Annual Fee $0
APR Variable APR of 11.99% - 19.99%
*Rates and Fees

Card Details

  • 0% Intro APR on purchases and balance transfers for the first 18 months from Account opening.
  • Then a variable APR of 11.99%, 15.99% or 19.99% will apply.
  • No Penalty APR.
  • Late Fee Waiver.
  • No Foreign Transaction Fees.
  • $0 Annual Fee.
  • $0 liability for unauthorized purchases.
  • Terms Apply.

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
HSBC Gold Mastercard® 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the HSBC Gold Mastercard® assumes an interest rate of 0.00%

Mastercard® Black Card™
15.99% Variable 3%, Min: $5 0% for 15 months $0.00
Graph Card More Details
Annual Fee $495
APR 15.99% Variable

Card Details

  • Stainless Steel - Patented Card Design
  • 2% Value for Airfare Redemptions
  • 1.5% Value for Cash Back Redemptions
  • 24/7 Luxury Card Concierge™
  • Exclusive Luxury Card Travel Benefits
  • $100 Annual Airline Credit Toward Qualifying Purchases
  • $100 Global Entry Application Fee Credit
  • Annual Fee: $495 ($195 for each Authorized User)

Estimated Savings Through 24 Months

Card Interest Paid* Balance Transfer Fee Total
Current Card 0.00 0 0.00
Mastercard® Black Card™ 0.00 0.00 0.00
Savings 0.00

*The calculation for interest paid for the Mastercard® Black Card™ assumes an interest rate of 0.00%

How Do the Best Balance Transfer Credit Cards Compare to Each Other?

We examined how these credit cards compare to each other for a benchmark consumer. For this profile, we assumed the individual to have the average credit card debt and interest rate, and be making steady payments of $400 per month. We then calculated the total amount of interest saved through each card, over a 24 month period, less any balance transfer fees, whenever those apply. The results were then graphed, as seen below.

Graph comparing the savings across different balance transfer credit cards, on different payment plans

As you can see, the amount of money you can pay each month will have a huge impact on which cards end up saving you more money. Generally, ‘0% intro APR’ credit cards will be best, if the time it takes you to repay your debt falls within a month or two of their promotional period. If it will take you a longer time than that to pay it off, cards with a low APR – like the Barclaycard Ring™ Mastercard® and Ink Business Cash℠ Credit Card – reign supreme.

How Balance Transfer Credit Cards Help Save Money

If you're still unsure how balance transfer cards can be an important tool we think it might be useful to walk you through how their features can be a useful in improving your finances. If you carry a balance on your credit card, the interest rates you pay on that balance will generally range between 10 - 30% annually, with most falling somewhere in the middle.

For someone with a credit card balance of $9,036 (the average US credit card debt for indebted households) and a 15% interest rate, this would amount to $1,283 in interest by the time the bill was completely paid off (assuming $400 monthly payments). What happens if you transfer the balance and take advantage of a 0% into APR offer that lasts 12 months? Assuming the card has no balance transfer fee, by the time you finish paying off your debt, you would have lost just $241 to interest - a difference of $1,042. Even if the new card has a 3% transfer fee, in the end you would save more money than that one-time cost, making it extremely worthwhile.

In reality things are a little more complicated since consumers are likely to make new purchases onto their card, so that their balance will not continually go down. The math however still works out the same. By taking advantage of introductory APRs, you can spend more money on reducing debt instead of using it to pay additional charges. This equates to substantial savings over time and can be an important step in finding financial stability.

Comments and Questions

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program. 

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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