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.
Intro APR
Purchases: 0%, 6 months
Balance Transfers: 0%, 18 months
Regular APR
Rewards 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
Annual Fee
Welcome Offer N/A
If you want a balance transfer card that still has value after the 0% intro APR period expires, then this may be the card for you. It offers 0% intro APR for 18 months on balance transfers with a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. That alone makes it a great balance transfer card. The lucrative cash back program means you can continue to reap benefits from this card even after you pay-off your balance transfer.
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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