Balance Transfer And Low Interest Credit Cards

Want to move your Debt from a High-Interest Credit Card to a Lower one?!

Balance Transfer credit card

Pay down your debt quicker, manage bills easier and save money by transferring the high-interest debt to a Balance-Transfer Credit Card with a 0% promo rate. Balance transfer credit cards make transferring balances more appealing by offering a zero percent introductory annual percentage rate (APR) on the amount transferred, or a low-interest rate on the transferred amount. Some balance transfer cards also have a zero percent APR offer for purchases, so read on and chose the one that suits your needs.

Best Balance Transfer And Low Interest Credit Cards

Best for cost-effectiveness

BankAmericard® Credit Card
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days, then 13.24% - 23.24% Variable APR
  • $0 Intro balance transfer fee during first 60 days of account opening. After that, the fee for future balance transfers is 3% (min. $10).
  • No annual fee
  • Advantages
  • Drawbacks
  • Main concern

This card comes with a trio of debt-busting highlights: a $0 yearly charge and, for balance transfers made inside the initial 60 days of account opening, a $0 early on exchange expense and a long 0% introduction APR period. (Following 60 days, the exchange expense is 3% or $10, whichever is more prominent.) That implies you can pay down your debt without paying a penny in interest or charges. It additionally gives you access to your FICO score for nothing.

This card doesn't acquire rewards. Like other cards, it doesn't permit same-guarantor transfers. That implies you can't exchange debt from another Bank of America® item to this card.

The BankAmericard® credit card makes it simple to escape debt without additional charges to moderate your advance. In case you're hoping to move your high-interest balances and you have great credit, it's an amazing pick.

Best for long 0% intro APR period

Citi Simplicity® Card - No Late Fees Ever
  • 0% promo period: 18 Months
  • Ongoing APR: 15.24% - 25.24%, Variable
  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee…EVER
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.24% - 25.24% based on your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • Advantages
  • Drawbacks
  • Main concern

This card ascends to the best with its long 0% balance exchange APR, $0 yearly charge and free FICO score. Not at all like most cards, it doesn't charge a late expense or a punishment APR, despite the fact that you should in any case pay on time each month. Citi enables you to exchange any sort of debt to your card, including understudy advances and vehicle advances, as long as the account number is no less than five digits in length and does exclude any letters.

The card charges a balance exchange expense of 3% or $5, whichever is more prominent. You additionally can't exchange balances from other Citi accounts, and you won't win rewards.

The long 0% APR period on the Citi Simplicity® Card - No Late Fees Ever makes this easy-going card the best pick in our book. It's go-to on the off chance that you require some additional opportunity to pay off your debt.

Best for long-term value

Discover it® - 18 Month Balance Transfer Offer
  • 0% promo period: 18 Months
  • Ongoing APR: 12.24% - 24.24%, Variable
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate. Plus, 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Advantages
  • Drawbacks
  • Main concern

Most balance-exchange cards don't give you a lot of motivation to continue utilizing them after the 0% period lapses. The Discover it® - 18 Month Balance Transfer Offer is distinctive in view of its rewards program. It pays 5% cash back in pivoting categories that you initiate, on up to $1,500 in purchases each quarter, and 1% on everything else. As of late, those categories have included such common dealers as corner stores, eateries and Amazon.com. There's additionally another cardholder bonus that gets greater the more you utilize the card.

The 0% period on purchases is impressively shorter than that for balance transfers. That implies that in case despite everything you're conveying a balance when the 0% purchase APR runs out, you'll need to pay interest on your purchases beginning from the date of every exchange. That could include rapidly. (Take in more about how beauty periods function.) The card additionally comes with a 3% balance exchange charge, and you can't exchange balances from other Discover cards. At last, activating the categories each quarter can be a problem.

Get it for the long 0% APR period. Keep it for the rewards. Be that as it may, on the off chance that you intend to put a ton of purchases on the card while paying down your exchanged balance, consider the option Discover card in the connection underneath; it needs to match 0% APR periods for purchases and transfers.

Best for average credit

Chase Slate®
  • 0% promo period: 15 Months
  • Ongoing APR: 16.23% - 24.99%, Variable
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • See monthly updates to your FICO® Score and the reasons behind your score for free
  • Advantages
  • Drawbacks
  • Main concern

This card wins the balance-exchange triple crown. It offers a long 0% balance exchange APR, it has a $0 initial expense for transfers made amid the initial 60 days of account opening, and it has a yearly charge of $0. It comes with the Chase Slate Credit Dashboard, which gives you a chance to track your FICO score for nothing.

You can't gain rewards on this card, nor would you be able to exchange balances from other Chase cards or non-credit-card debt. You can't exchange more than $15,000 altogether, paying little heed as far as possible. Its APR period, while great, isn't the longest accessible.

The Chase Slate® keeps balance exchange expenses to a base, which is all that truly matters when you're attempting to escape credit card debt.