Best Balance Transfer Cards Compared
| Credit Card | Balance Transfer Fee | 0% Balance Transfer Intro APR Period |
|---|---|---|
| Comerica Bank Visa® Platinum Card | 3% (min $5) | 20 months |
| U.S. Bank Visa® Platinum Card | 3% (min $5) | 20 months |
| Citi® Diamond Preferred® Card | 3% (min $5) | 18 months |
| Citi® Double Cash Card – 18 month BT offer | 3% (min $5) | 18 months |
Best No Balance Transfer Fee Cards
| Credit Card | Best For | Balance Transfer Fee |
|---|---|---|
| BBVA Compass Business Rewards Credit Card | Business Owners | $0 |
| Navy Federal Credit Union Platinum Credit Card | Military Families | $0 |
| SunTrust Prime Rewards Credit Card | Long Intro Period | $0 |
| Arvest Bank Purchasing Credit Card | Short Balance Transfers | $0 |
Best balance transfer credit cards
Balance transfers won't hurt your credit score directly, but applying for a new card could affect your credit in both good and bad ways. As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move in the long-term.
Balance transfer cards typically provide up to 20 months of interest-free financing. However, due to the recent economic downturn, many financial institutions are shortening the length of their 0% APR offers or getting rid of them altogether.
Sure, you can transfer the debt again -- assuming you're able to qualify for another balance transfer card -- but you aren't doing much to become debt-free. Continuing to move debt from one balance transfer card to another could become costly if you pay balance transfer fees each time.
Issuers of balance transfer cards typically require a good or excellent credit score to qualify, which is 670 or higher on the 850-point FICO credit scoring scale. But there are ways to get a lower interest rate if you're hoping to pay down credit card debt.
Best Easy Approval Balance Transfer Credit Cards
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