Balance Transfer Credit Cards
WalletHub makes it easy to find the best balance transfer cards.
The best balance transfer credit card is the Chase Slate® card because it has an intro APR of 0% for 15 months on balance transfers and purchases. Chase Slate also has a balance transfer fee that’s $0 for the first 60 days, along with a $0 annual fee.… show more
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- INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
- Redeem cash back any amount, any time. 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.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
- No annual fee.
- See More Details & Reviews About TheDiscover it® Balance Transfer
- 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
- 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 15 months; 16.24%-26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24%-26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- Pay no annual fee or foreign transaction fees
- See More Details & Reviews About TheCapital One® Quicksilver® Cash Rewards Credit Card
- INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
- Plus, earn unlimited 1% cash back on all other purchases - automatically.
- Redeem cash back any amount, any time. Rewards never expire.
- Use your rewards at Amazon.com checkout.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
- No annual fee.
- See More Details & Reviews About TheDiscover it® Cash Back
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.24% - 25.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
- No annual fee
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
- Access your FICO® Score for free within Online Banking or your Mobile Banking app
- See More Details & Reviews About TheBankAmericard® credit card
- 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!
- Unlimited 1% cash back on all other purchases - it's automatic
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%.
- 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
- No annual fee
- Free credit score, updated weekly with Credit Journey℠
- See More Details & Reviews About TheChase Freedom®
- 0% Intro APR for 18 months on purchases and balance transfers (fees apply), then a 13.74%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
- 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
- Easy 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
- See More Details & Reviews About TheWells Fargo Platinum Visa card
- New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
- No minimum to redeem for cash back
- Cash Back rewards do not expire as long as your account is open
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
- Free credit score, updated weekly with Credit Journey℠
- No annual fee
- See More Details & Reviews About TheChase Freedom Unlimited®
- Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
- 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 15 months; 16.24% - 26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24% - 26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- No foreign transaction fee
- No annual fee
- See More Details & Reviews About TheCapital One® SavorOne℠ Cash Rewards Credit Card
- The only card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER
- 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.99% - 26.99%, based on your creditworthiness
- 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.99% - 26.99%, based on your creditworthiness
- If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- The same great rate for all balances, after the introductory period
- Save time when you call with fast, personal help, 24 hours a day – just say “representative”
- Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month
- See More Details & Reviews About TheCiti Simplicity® Card - No Late Fees Ever
Rates & Fees | Terms Apply
- Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
- 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
- 2% Cash Back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
- Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
- Terms Apply.
- Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
- You spoke, we listened. Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
- No annual fee.
- See More Details & Reviews About TheBlue Cash Everyday® Card from American Express
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WalletHub's Picks: Best Balance Transfer Cards of 2019
The best balance transfer credit cards have 0% APRs for 15-21 months, balance transfer fees between 0% and 3%, and $0 annual fees. The average balance transfer card has a 0% APR for 12 months, a 2.83% transfer fee and an 18.42% regular APR. That context should make finding the right balance transfer card for your needs much easier, by giving you a good basis for comparison.Still, the best balance transfer credit card is not one-size-fits-all. Which you should get depends on how much you owe, how quickly you’ll be able to repay that balance, and what your credit score is. But we can certainly point you in the right direction. WalletHub’s editors compared hundreds of credit cards based on balance-transfer appeal. You can find their favorite balance transfer cards below.
Best Balance Transfer Credit Cards of 2019:
| Credit Card | Best For | 0% Balance Transfer Intro APR | Balance Transfer Fee | Regular APR |
| Chase Slate® | Good Credit | 15 months | $0 | 17.24% - 25.99% (V) |
| Discover it® Balance Transfer | Bonus Rewards | 18 months | 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* | 14.24% - 25.24% (V) |
| Wells Fargo Platinum Visa card | 0% APR | 18 months* | 3% for 120 days, then 5% | 13.74% - 27.24% Variable |
| Citi Simplicity® Card - No Late Fees Ever | No Interest | 21 months | 5% (min $5) | 16.99% - 26.99%* (V) |
| The Amex EveryDay® Credit Card from American Express | Rewards | 15 months | $0 | 15.24% - 26.24% (V) |
| U.S. Bank Visa® Platinum Card | Excellent Credit | 18 months | 3% (min $5) | 14.74% - 25.74% (V) |
To learn more about the cream of the transfer crop, check out WalletHub’s full review of the year’s best balance transfer credit cards. If you’re not sure whether you can get approved for one of the top balance transfer cards, checking your latest credit score for free on WalletHub should give you a better idea of your chances.
Questions & Answers
Comparing balance transfer credit cards can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered....show moreshow less
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Do any credit cards have 0% on balance transfers for 24 months? Reply
There are no credit cards with 0% APRs on balance transfers for 24 months. But the Citi Simplicity Card gives the next best thing, 0% interest for 21 months on balance transfers. There are a handful of credit cards with 0% APRs on balance transfers for 15-18 months, including U.S. Bank Visa Platinum, Wells Fargo Platinum, and the Discover it Balance Transfer card.
Though there aren’t any 0% balance transfers for 24 months right now, there have been in the past. In 2017, the Santander Bank Sphere Card offered a 0% balance transfer APR for 24 months to customers who applied at one of their branches in the Northeastern U.S.
Longest 0% Balance Transfer Credit Cards:
- U.S. Bank Visa Platinum Card: 0% for 18 months. 3% (min $5) transfer fee.0% for 18 months on purchases.$0 annual fee.
- Citi Simplicity Card: 0% for 21 months*. 5% (min $5) transfer fee.0% for 12 months* on purchases.$0* annual fee.
- Discover it Balance Transfer Card: 0% for 18 months. 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* transfer fee.0% for 6 months on purchases.$0 annual fee.
- Wells Fargo Visa Platinum Card: 0% for 18 months on qualifying balance transfers. Transferfeeof3% for 120 days, then 5%.0% for 18 months on purchases.$0 annual fee.
- Santander Bank Sphere Credit Card: 0% for 18 months. 4% (min $10) transfer fee.0% for 18 months on purchases.None annual fee.
- BankAmericard Credit Card: 0% for 18 billing cycles for balance transfers made in the first 60 days. 3% (min $10) transfer fee.0% for 18 billing cycles on purchases.$0 annual fee.
- Chase Slate: 0% for 15 months. $0 balance transfer fee for the first 60 days. 0% for 15 months on purchases.$0 annual fee.
You’ll need good or excellent credit if you want a 0% balance transfer card. And if you get a card with a long 0% period, you shouldn’t expect it to have rewards. Cards like these are focused on financing. So it’s best to have a 0% card for your transfers and a rewards card for any new purchases.
What are some Bank of America balance transfer offers? Reply
Bank of America balance transfer offers allow you to shift several types of debt. Options include auto loans, student loans, mortgages, small business loans and payday loans. You just can’t transfer debt between BofA products.
Balance transfers take at least 14 days to complete. Initiate your transfer as soon as possible because the intro APR period starts as soon as you open your account. When the intro period ends, any remaining balance will accrue interest at the card’s regular APR.
Today’s Bank of America balance transfer offers:
- BankAmericard® credit card: 0% for 18 billing cycles for balance transfers made in the first 60 days on balance transfers. $0 transfer fee for 60 days (not always available).
- BankAmericard® Credit Card for Students: 0% for 15 months on balance transfers. $0 transfer fee for 60 days (not always available).
- Bank of America® Cash Rewards Credit Card for Students: 0% for 12 months on balance transfers. APR when completed in first 60 days. 3% (min $10) transfer fee.
- AAA Credit Card: 0% for 12 months on balance transfers. 3% (min $10) transfer fee.
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World Wildlife Fund Credit Card: 0% for 12 months on balance transfers. 3% (min $10) transfer fee.
So, there are two very good Bank of America balance transfer deals: the BankAmericard Credit Card and the BankAmericard Credit Card for Students. Keep in mind, however, that you will need excellent credit to qualify for the BankAmericard Credit Card, and you need to be a student to get the limited-credit version.
How long does a balance transfer take? Reply
Balance transfers usually take 15 to 25 days from when you submit a balance transfer credit card application. But depending on the issuer, it could take as few as 3 days or as many as 42. To make a balance transfer take as little time as possible, apply online so the issuer can review your application sooner.
How Long a Balance Transfer Takes by Credit Card Company:
|
Company |
How Long a Transfer Takes |
|
American Express |
Usually 5-7 days, but up to 6 weeks |
|
Bank of America |
Up to 14 business days |
|
Barclays |
Up to 10 business days |
|
Capital One |
Usually 3-14 business days |
|
Chase |
Usually within a week, but up to 21 days |
|
Citi |
Up to 10 business days |
|
Discover |
7 days for existing accounts, 14 for new accounts |
|
Wells Fargo |
10 business days for existing accounts, 15-20 for new accounts |
While you wait for your balance transfer approval, it is important to keep making payments toward the balance being transferred. You should send these to your original creditor. If you don’t, your balance could be reported as past-due. This might damage your credit standing and put the transfer at risk.
Once the credit card transfer is finalized, you will see a credit listed on your original account. It will look like a payment was made. And your old balance will be listed on your new balance transfer credit card account. Remember, unless you have a 0% transfer card, interest will start to accrue as soon as your balance gets transferred.
For more information, check out WalletHub’s guide on how balance transfers work.
How do you do a Navy Federal balance transfer? Reply
You can request to do a Navy Federal balance transfer when you apply for any NFCU credit card. If you already have a Navy Federal card, you can make a transfer request through your online account. The Navy Federal balance transfer fee is $0 (for all cards). The NFCU balance transfer APR could be as low as 0% (intro) or as high as 18% (V), depending on the card.
The best Navy Federal balance transfer credit card is the NFCU Platinum Card because it offers 0% for 12 months on balance transfers and has a $0 annual fee in addition to its $0 transfer fee. There are no other 0% balance transfer credit cards from Navy Federal. But all NFCU cards have fairly low regular APRs.
Navy Federal Balance Transfers:
- Best balance transfer card: The Navy Federal Platinum Card offers 0% for 12 months on balance transfers. No other NFCU cards have 0% rates, but regular APRs range from 7.74% - 18% (V).
- Fees: No balance transfer fees on any Navy Federal credit card.
- Timeline: It should take about two weeks for your Navy Federal balance transfer to be completed.
- Ways to request: You can ask for a balance transfer on the application for a new NFCU card. You can request one for an existing card online or through the mobile app.
- Information required: You need the account number for the balance you’re transferring, plus the name and address of that account’s issuer, along with the amount you want to transfer.
- How to request online: Sign in to your account. Click the “Transfers” tab. Click “Make a Credit Card Balance Transfer” at the bottom right. Fill in the required information. Submit your request.
- How to request in-app: In the Navy Federal Credit Union mobile app, go to “Account Management,” then “Balance Transfer.” Input the required information and submit your request.
If you do a Navy Federal balance transfer, be sure to continue making monthly payments to your old issuer if the due date comes up before your balance transfer is completed. Otherwise, you risk being marked as late. Any additional payments you make to your old issuer will be credited to your NFCU card once the transfer processes.
What's the Discover balance transfer fee? Reply
The Discover balance transfer fee is 3% of the balance transferred. That applies to all balances transferred before August 10th, 2019. After that, the fee will be up to 5%, per the terms and conditions on all Discover cards that allow balance transfers. Unlike many issuers, Discover doesn’t have a set minimum for the fee (e.g. at least $5).
Discover doesn’t offer any credit cards without a balance transfer fee. Even the “Discover it Balance Transfer” card has a transfer fee. However, many competing lenders do offer at least one card with a 0% balance transfer fee.
How Discover balance transfer fees compare:
- Discover balance transfer fee: 3%
- American Express balance transfer fee: 0%-3%
- Capital One balance transfer fee: 0%-3%
- Chase balance transfer fee: 0%-5%
- Bank of America balance transfer fee: 3%
There are a few other things you should know about making a balance transfer with Discover. Discover’s balance transfer fee is added to the amount you transfer, becoming part of the balance you owe. You can only transfer up to your credit limit, including fees. Discover accepts balance transfers from other issuers’ credit cards and loans, but does not allow balance transfers from other Discover accounts. And balance transfers do not earn rewards.
Transferring a balance to a Discover credit card can take up to two weeks. In addition, Discover often requires cardholders to transfer a balance by a certain date to be eligible for a 0% APR.
The best Discover credit card for balance transfers is the Discover it Balance Transfer card because it offers 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* on balance transfers. Discover it Cash Back and Discover it Chrome are good options, too, offering 0% for 14 months.
Featured Credit Cards
Ask the Experts
To help you get as much as possible out of your balance transfer and get out of debt sooner, we posed the following questions to a panel of experts. Just click on an expert’s name below to see his or her comments.
- What’s the best way to find the right balance transfer credit card?
- Why do you generally need good or excellent credit to get a 0% balance transfer credit card?
- What’s the biggest mistake people make with balance transfers?
- Why aren’t there more 0% balance transfer credit cards with $0 transfer fees?
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Laura Gonzalez
Associate Professor of Finance at California State University, Long Beach
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Patrick A. Cozza
Executive in Residence, Wealth Management at Silberman College of Business, Fairleigh Dickinson University
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Laura Dendinger
Professor at Wayne State College
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Al Kamienski
Professor of Finance at North Park University
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Kyle J. Putnam
Assistant Professor of Finance at Linfield College
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Oliver Schlake
Clinical Professor, Distinguished Fellow, Academy for Innovation and Entrepreneurship (AIE), Senior Executive Education Fellow, Department of Management & Organization, Robert H. Smith School of Business, University of Maryland
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
† Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended.
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Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any issuer.