Best Balance Transfer Credit Cards of May 2024
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Best Balance Transfer Credit Cards of May 2024
If you want to temporarily avoid interest on your existing credit card balances through a balance transfer then these cards outshine the competition. All come with a $0 annual fee.
Intro APR 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 21 months from account opening
Balance Transfers: 0% intro APR, 21 months from account opening on qualifying balance transfers
Regular APR
Annual Fee N/A
This no-frills card is a solid choice if your priority is to avoid credit card interest for as long as possible. It offers an incredible 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. The balance transfer fee (5%, min: $5) is higher than some cards — but if you want an equally long intro APR on purchases, then this card is hard to beat.
Intro APR N/A
Purchases: N/A
Balance Transfers: 0%, 18 months
Regular APR
Rewards 2% cash back: 1% when you buy plus 1% as you pay
Annual Fee
Welcome Offer Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
This card combines a top-notch balance transfer offer for 18 months with best-in-class unlimited 2% cash back on purchases. There's no introductory APR for purchases, so if you use that long balance transfer offer you'll be charged interest on all new purchases until the full balance is paid off. However, once you conquer that balance transfer, this may become your go-to card thanks to the high cash back rate.
On Chase's Secure Website.
On Chase's Secure Website.
Intro APR 0% Intro APR on Purchases and Balance Transfers for 15 months
Purchases: 0% Intro APR on Purchases, 15 months
Balance Transfers: 0% Intro APR on Balance Transfers, 15 months
Regular APR
Rewards Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Annual Fee N/A
Welcome Offer Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.
This card is great for those who want a long (just not the longest) 0% Intro APR period on balance transfers or purchases – but also want a top-notch rewards card. It would be highly-rated based on its 0% Intro APR offer & unlimited 1.5% - 5% cash back rates alone. The cherry on top? Cardholders earn an additional 1.5% cash back on everything you buy within the first year (up to $20,000 spent) – that’s worth up to $300! That’s a nice perk if you plan to use this card for purchases at any point in your first year.
Most issuers won't allow balance transfers between cards at their institution. When choosing a card, make sure it is from a different issuer than the card whose balance you want to transfer.
If you’re carrying a balance transfer, but don’t also have a 0% intro APR promotion for purchases, then you could be charged interest on new purchases from the moment you swipe your card — even before your monthly payment is due. If you want to make a purchase (but are carrying a balance) be sure the card has 0% intro APR on purchases.
Credit cards with rewards & 0% intro APR offers are excellent, but remember, they are a tool to help you get the most out of your spending. The Ascent motto to follow:
Follow this and you'll be making your money work overtime for you. Live richly, not risky.
Is your credit score below 670? If so, you’re less likely to get approved for these cards — but visit this page for our top-rated options for getting out of debt and building your credit.
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