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Balance Transfer
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Other credit cards want your business. That's why most of them have special balance transfer offers that let you move your debt and take advantage of a lower interest rate (some even offer 0% APR for a limited time). We've got you covered with the latest balance transfer card deals on CreditDonkey, plus tips on how to choose which one is best for you.
BankAmericard® credit card offers a 0% intro APR for 21 billing cycles on purchases and balance transfers (made within 60 days of opening your account). After that, a variable APR of 16.24% - 26.24%. There is a 3% balance transfer fee (min $10). There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% Introductory APR on purchases for 21 billing cycles
0% Intro APR for 21 billing cycles for any balance transfers made in the first 60 days
16.24% - 26.24% Variable APR on purchases and balance transfers
$0
Citi® Double Cash Card earn cash back twice on every purchase. You earn 1% cash back when you buy, and an additional 1% cash back as you pay for those purchases. There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
N/A
0%* for 18 months*
18.24% - 28.24%* (Variable)
$0*
Bank of America® Customized Cash Rewards credit card offers $200 online cash rewards bonus if you spend at least $1,000 on purchases within the first 90 days of opening your account. This card earns 3% cash back in your choice category and 2% cash back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). Earn 1% on other purchases. There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% Introductory APR on purchases for 15 billing cycles
0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
18.24% - 28.24% Variable APR on purchases and balance transfers
$0
Discover it® Cash Back will match all the cash back you've earned at the end of your first year. This offer is only for new customers. This card earns 5% cash back in bonus categories that change each quarter (up to the quarterly maximum; requires free activation each quarter). All other purchases earn 1% cash back.
Our Review: With bonus cash back, low interest rate and no annual fee, Discover It is a good card for many. Is it right for you? Read on for the pros and cons... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% for 15 months
0% for 15 months
18.24% - 27.24% Variable
$0
Discover it® Miles will match all the miles you've earned at the end of your first year. This offer is limited to new cardmembers only. This card earns 1.5x miles on all purchases and has no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% for 15 months
0% for 15 months
18.24% - 27.24% Variable
$0
Discover it® Chrome will match all the cash back you've earned at the end of your first year. This offer is only for new customers. This card earns 2% cash back at gas stations and restaurants (on up to $1k in combined purchases every quarter with no quarterly activation required). All other purchases earn 1%.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% for 15 months
0% for 15 months
18.24% - 27.24% Variable
$0
Capital One Quicksilver Cash Rewards Credit Card offers $200 cash back if you spend $500 on purchases within three months of account opening. This card earns 1.5% cash back on all purchases. There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% intro on purchases for 15 months
0% intro on balance transfers for 15 months
19.24% - 29.24% (Variable)
$0
Capital One VentureOne Rewards Credit Card offers a one-time bonus of 20,000 miles if you spend $500 on purchases within three months of account opening. 20,000 miles is equal to $200 in travel. This card earns 1.25 miles per dollar on all purchases. You can redeem miles toward travel purchases on any airline, hotel, or car rental. There are no foreign transaction fees. There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% intro on purchases for 15 months
0% intro on balance transfers for 15 months
19.24% - 29.24% (Variable)
$0
HSBC Gold Mastercard® credit card offers a 0% Intro APR on purchases and balance transfers for the first 18 months from Account opening. Then a variable APR of 13.99% - 22.99% will apply. There is no penalty APR, no foreign transaction fees and no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% Intro APR for 18 months
0% Intro APR for 18 months
Variable APR of 13.99% - 22.99% will apply after the Introductory Period
$0
Citi Diamond Preferred® Card
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0%* for 12 months*
0%* for 21 months*
17.24% - 27.99%* (Variable)
$0*
Citi Simplicity® Card offers a 0% intro APR on balance transfers for 21 months and 0% intro APR on purchases for 12 months. After that, a variable APR, currently 18.49% to 29.24% depending on your creditworthiness. There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balances transfers completed within 4 months of account opening. After that, balance transfer fee will be $5 or 5% of the amount of the transfer, whichever is greater. There are no late fees, no penalty rates and no annual fees.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0%* for 12 months*
0%* for 21 months*
18.49% - 29.24%* (Variable)
$0*
Chase Freedom Unlimited® offers a Intro Offer: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. 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. The cash back rewards will not expire as long as your card account remains open. There is also a 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.99% - 28.49%. There is no annual fee.
Our Review: With a cash back offer and no annual fee, does Chase Freedom Unlimited® live up to the hype? Read this in-depth review to see how it stacks up... Read full review
Ideal for those seeking a top-of-wallet premium card with straightforward rewards and exceptional service. Cardmembers can avoid juggling various cards and monthly statements while benefiting from travel perks and enhanced protection that exceeds standard credit cards.
Offers a flat-rate redemption value of 1.5% for cash back or 2% value for airfare redemption with no airline or seat restrictions and no blackout dates. Cardmembers earn one point for every dollar spent. Point redemption is simple, without requiring a complex reward strategy. The card features no foreign transaction fees, no earning caps, no rotating categories, and eliminates the need to pursue transfer partners to maximize point values.
Annual Airline Credit—up to $100 in statement credits toward flight-related purchases including airline tickets, baggage fees, upgrades and more. Cardmembers simply pay for airline purchases with their Mastercard Black Card and the credit is automatically applied to their account. There's no need to activate or designate an airline. The full credit amount is available at the start of the calendar year.
Up to a $120 application fee credit for the cost of TSA Pre✓® or Global Entry. Also, enjoy automatic enrollment in Priority Pass™ Select with access to 1,500+ airport lounges worldwide with no guest or lounge limits. Includes credits at select airport restaurants for cardholder and one guest.
24/7 Luxury Card Concierge®—Make requests the way you want by phone, email, SMS and chat in the app. Connect directly with a real agent and receive 24/7 assistance for tasks big and small. Requests do not require a purchase, incur no charge for making them, and do not involve department transfers.
Exclusive Luxury Card Travel® benefits—average value of $500 per stay (e.g., resort credits, room upgrades, free wifi, breakfast for two and more) at over 3,000 properties. Receive protection benefits like trip cancellation and interruption, auto rental car collision waiver, travel accident and baggage delay. Cell phone protection for eligible claims of up to $1,000 each year. Plus additional World Elite Mastercard® benefits.
Black PVD-Coated Metal Card: Weighing in at an industry-leading 22g. Designed for frequent shoppers, big ticket purchases and everything in between.
Our Review: Want to know if the Mastercard® Black Card™ is worth its cost? Discover the privileges and requirements in this in-depth review... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
N/A
0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening. After that, (and for balance transfers that do not post within 45 days of account opening) the APR will be 20.24% to 28.24%, based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate.
20.24% to 28.24% Variable, based on your creditworthiness and other factors
$495 ($195 for each Authorized User)
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
For rates and fees of the Mastercard® Black Card™ card, please click here.
Disclaimer: The information for the BankAmericard® credit card, Citi® Double Cash Card, Bank of America® Customized Cash Rewards credit card, Discover it® Cash Back, Discover it® Miles, Discover it® Chrome, Capital One Quicksilver Cash Rewards Credit Card, Capital One VentureOne Rewards Credit Card, HSBC Gold Mastercard® credit card, Citi Diamond Preferred® Card, Citi Simplicity® Card, and Chase Freedom Unlimited® has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.
Balance Transfer Benefits
Top 4 Balance Transfer Credit Card Benefits
With all of the available credit cards that are out there, it can be hard to know which card is right for you. Balance transfer credit cards are a great option for you to consider as they can help you pay off debt faster while saving you money.
Save money
Everyone is looking for ways to save money, and a balance transfer credit card could be the answer for you. By transferring your balances from high rate credit cards to a lower-rate card, you will be paying less interest.
The best balance transfer credit cards usually offer 0% introductory APRs. This means you won’t have to pay any interest for the introductory period, which leads to huge savings.
Here’s an example of the savings you could get when you take advantage of a balance transfer credit card. Let’s say you currently have $3,000 on a credit card with 24% APR. You decide to do a balance transfer to a card with 13% APR; this new card is also offering an introductory rate of 3% for six months. You save $483 just in the first year of the balance transfer.
Estimate Your Balance Transfer Savings
Enter information about your existing credit card(s)
Card
Balance
APR (Interest Rate)
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$
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#2
$
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#3
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Enter information about the card you're transferring to
Enter the intro APR on Balance Transfers (Interest Rate):
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Enter the length of the intro period:
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Enter the regular APR (Interest Rate):
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Enter the annual fee:
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Enter the balance transfer fee (% of balance):
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Enter monthly payment:
$
Pay off debt
Balance transfers also help you pay off your debts faster because you will have less debt to pay off. Sure, the initial balance is the same as the one you had with your existing card, but because you will owe less in interest, you will end up paying less to the credit card issuer overall.
One great way to pay off your debt quicker with the help of a balance transfer credit card is to continue making the same monthly payments that you were paying on your original cards. Once transferred, you will notice that your monthly minimum payment will be lower with the new lower rate. But if you keep paying the same minimum payment as you were before, you could shave years off the time that it takes to pay off the balance.
Increase your buying power
A new credit card will also boost your buying power. Balance transfer credit cards often have higher limits than a regular credit card. This means that you will have more credit available to you for upcoming purchases. This is a valuable benefit if you plan on purchasing furniture, electronics, appliances, or other big ticket items in the near future. Just be sure to be responsible with that new limit.
Keep in mind, promotional interest rate offers may cause you to lose the grace period on purchases if you do not pay the entire statement balance (including the amount subject to the promotional APR) by the payment due date. If you plan to carry a balance, contact the credit card issuer to find out about the effects of the promotional APR offers on the grace period for new purchases.
Increase your credit score
Being responsible with your balance transfer credit card will also help you increase your credit score. Many people do not realize that credit scores take into consideration their debt-to-limit ratio. This is the percentage of your credit card limits that you are currently using. In other words, the higher your balances, the more this figure may affect your score.
As mentioned previously, transferring your balances to a lower rate card will help you pay off your debt quicker. This will automatically help you boost your credit score. This is a good thing, especially if you have your eye on a new car or are in the market for a new house. Every little thing helps when it comes to your overall credit and its effect on future interest rates.
