Balance Transfer Credit Cards

If you have a large balance and a high interest rate on a credit card, it might be worth moving that balance to a credit card with a low introductory rate. It will be easier to pay down the balance when you are paying less in interest charges. Many credit cards offer a 0% introductory rate on balance transfers help you tackle this goal.

Finding Matching Cards...

  • Recommended Credit Cards

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Discover it® - 18 Month Balance Transfer

Credit Score
Approval Data *
731 Average score
approved
687 Lowest score
approved
Intro APR
Purchases

0%

6 Months
Intro APR
Balance Transfer

0%

18 Months
Annual Fee

$0

Regular APR

10.99% – 22.99%*

Variable
  • Other recommended credit cards

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Barclaycard® Ring MasterCard® - 1% Back on Balance Transfers

Get a 1% Statement Credit back on the amount of balance transfers made in the first 60 days of account opening. No Balance Transfer Fees - start saving immediately! A low 8% variable APR on balance transfers and purchases Get Details
Intro APR
Purchases

N/A

Intro APR
Balance Transfer

N/A

Annual Fee

$0

Regular APR

8.00%*

Variable
Credit Score Approval Data * 730Average score approved 681Lowest score approved

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Capital One® Platinum Prestige Credit Card

Intro APR
Purchases

0%

until July 2015
Intro APR
Balance Transfer

0%

until July 2015
Annual Fee

$0

Regular APR

10.9% – 18.9%*

Variable
Credit Score Approval Data * 687Average score approved 634Lowest score approved

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U.S. Bank Visa® Platinum Card

0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99% No annual fee* Online account management and account alerts Get Details
Intro APR
Purchases

0%

15 Months
Intro APR
Balance Transfer

0%

15 Months
Annual Fee

$0

Regular APR

9.99% – 23.99%*

Variable
Credit Score Approval Data * 730Average score approved 661Lowest score approved
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Frequently Asked Questions

What is a balance transfer?

A balance transfer is a simple transfer of one credit card’s balance to another credit card account. Think of it as a transfer of debt.

With a balance transfer, you can move the balance from a high interest credit card to a low interest credit card. This move will help you save money because you’re going to pay less in interest on your credit card debt.

Are there any downsides to a balance transfer?

Most credit cards will charge a balance transfer fee, which is usually equivalent to 3% of the balance that is transferred. You have to make sure that your interest savings also accounts for the cost of the balance transfer fee.

From time to time, you’ll see attractive balance transfer credit card offers that will waive the balance transfer fee if the balance transfer is made soon after you open the credit card account. Additionally, some credit card offers will include a low introductory APR on balance transfers for a certain period of time.

Should I use a balance transfer credit card to make purchases?

A balance transfer credit card is simply a credit card with a great introductory offer that involves balance transfers. You can use the card as you would with any credit card, but it isn’t always wise to do so.

Preferably, balance transfer credit cards are used for debt consolidation (moving debt balances to a single account for the purpose of reducing interest charges). If you transfer large balances to a credit card, you may be in danger of hitting the credit card’s limit. Also, since your focus is on eliminating debt, you shouldn’t be spending, as it will prevent you from reaching your goal.

* The credit score approval metrics are only guidelines and approval is not guaranteed. This information is based on data provided by Credit Karma


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 Here" button, you can review the credit card terms & conditions on the credit card issuer's website. Please note that Mybanktracker has financial relationships with some of the merchants mentioned here, and may be compensated if consumers choose to utilize the links located throughout the site.

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Intro APR
Purchases

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Intro APR
Balance Transfer

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