How much am I allowed to transfer - is there a limit?
The Citi Simplicity Card offers one of the longest 0% introductory period on the market for balance transfers, at 21 months. It also offers a 0% intro rate on new purchases for 12 months, making the card well-suited for someone who is looking to either avoid interest on an upcoming big-ticket purchase or lower the cost of existing debt. The Simplicity Card does charge a 5% (min. $5) balance transfer fee, though, so if a card is available that offers 0% for more than a year and does not charge a transfer fee, it might be a better option for transferring a balance. Note: Citi is an advertising partner.
Best for Balance Transfers. The Slate Card from Chase (one of our advertisers) is what's known as a free balance transfer credit card, as it offers a 0% introductory rate and charges neither a balance transfer fee (for the first 60 days) nor an annual fee. These unusually attractive terms stand to save the average consumer as much as $1,000 in fees and finance charges while expediting the timeline to debt freedom. A credit card calculator can give you a more-exact sense of how valuable the Slate Card will be in your particular situation. For more information, check out our full review of the Chase Slate Card.
Best for Balance Transfers. Amex Everyday is one of the market's very best balance transfer credit cards, offering a $0 transfer fee (for 60 days from account opening) as well as 0% intro rates for both transfers and new purchases. You can use WalletHub's balance transfer calculator to see how much you could save. Just don't forget that your savings opportunities aren't limited to avoiding interest. Unlike most top-notch transfer cards, Amex Everyday actually offers solid rewards, too. Note, American Express is a WalletHub partner.
Unfortunately, there are no balance transfer credit cards for people with fair credit. Below is the best credit card for people with fair credit.
Best for Rewards. The QuicksilverOne Cash Rewards Card from Capital One (one of our advertising partners) represents the absolute best rewards-earning option available to people with fair or limited credit. It boasts a straightforward rewards program, offering 1.5% cash back across all purchases, which will easily overcome its $39 annual fee for users who make most of their purchases with plastic. 1.5% cash back across the board is equivalent to what people with excellent credit get from the best rewards cards on the market.
Unfortunately, there are no balance transfer credit cards for people with limited credit. Below is the best credit card for people with limited credit.
Best for Low-Cost Credit Improvement. Given that it does not charge an annual fee, the Capital One Platinum Credit Card can serve as a viable low-cost credit building tool for consumers who have yet to establish much credit history. While this offer does not include rewards or a 0% introductory interest rate, such perks aren't available on any other no annual fee credit card for fair or limited credit either. It was possible for applicants to find cards offering such an attractive collection of terms in years past, but market dynamics have conspired to eliminate their availability. Note: Capital One is an advertising partner.
For College Students
Best for Student Transfers Offering by far the longest 0% transfer period among student credit cards, the BankAmericard for College Students is an excellent option for reducing the cost of existing debt for anyone with an active college or university email address.
Unfortunately, there are no balance transfer credit cards for people with bad credit. Below is the best unsecured credit card for people with bad credit.
Best Unsecured Card for Bad Credit. We tend not to recommend unsecured credit cards for bad credit given the prohibitive costs and low credit lines typical of the genre. If you truly need an emergency loan, however, this Credit One Bank Visa Card is your best bet. It charges a relatively modest annual fee of $0 - $75 the first year, depending on your credit standing, and $0 to $99 each year thereafter. And it even offers 1% cash back on eligible purchases. For full disclosure, Credit One Bank is one of our advertising partners.
|Intro APR||Card Name||Transfer Fee||Annual Fee|
|0% for 18 months||Discover it® Balance Transfer||3%||None|
|0% for 18 months||Wells Fargo Platinum Visa® Card||3% intro for 18 months||$0
|0% for 15 months||BankAmericard® Credit Card for Students||None||None|
|0%* for 21 months||Citi Simplicity® Card - No Late Fees Ever||5% (min $5)||$0*|
|0% for 15 months||Chase Slate®||None||None|
|0% for 20 months||U.S. Bank Visa® Platinum Card||3% (min $5)||None|
|5.25% (V) for 36 months||SunTrust Prime Rewards Credit Card||None||None|