Bianca Smith, WalletHub Credit Cards Analyst
@bianca_stoian
Most credit card companies do offer balance transfers. In fact, many issuers offer credit cards with promotional 0% APR periods on balance transfers, during which new cardholders don’t pay any interest on transferred balances. The only major credit card company that currently doesn’t allow balance transfers at all is American Express.
Some credit card issuers rolled back promotional balance transfer APRs in the wake of the economic disturbance caused by the pandemic in 2020. For example, the length of the average 0% balance transfer offer fell to 12.2 months in 2020. However, no-interest balance transfer offers have been steadily returning, with an average 0% intro period of about 13 months on transferred debt in 2021.
Balance Transfer Offers by Credit Card Company
Company |
Popular Balance Transfer Credit Card |
Intro APR |
Transfer Fee |
Balance Transfers Not Allowed |
Not Applicable |
Not Applicable |
|
0% for 18 billing cycles for any balance transfers made in the first 60 days |
3% (min $10) |
||
0% for 15 months |
3% (min $5) |
||
0% for 15 months |
3% |
||
0% for 15 months |
Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) |
||
0% for 21 months |
5% (min $5) |
||
No 0% APR Offers on Balance Transfers |
Not Applicable |
Not Applicable |
|
0% for 20 billing cycles |
3% (min $5) |
||
0% for up to 21 months from account opening on qualifying balance transfers |
3% intro for 120 days, then up to 5% (min $5) |
Credit card balance transfer offers are constantly changing based on the health of the economy and the financial interests of card issuers. You can check out the best balance transfer credit cards currently on the market on WalletHub.

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