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Balance Transfer Credit Cards

What is a balance transfer credit card?

A balance transfer is a process of when you repay existing high-interest debt with a new lower interest rate credit card. This allows for your payments to be applied to principal balance each month rather than interest charges. This may help you eliminate your card debt faster.

Is it a good idea to do a balance transfer on a credit card?

If you are able to find a new credit card with a very low-interest rate, little or no balance transfer fee, a credit limit high enough to accommodate your previous balance and an introductory period long enough to pay off the balance before the rate increases, then a balance transfer is a good idea.

Is there a balance transfer fee on a credit card?

Most credit card issuers charge between 2% and 5% of the balance as the fee for the transfer, with a minimum fee of about $5. You will usually see this fee show up separately from the transferred amount on the statement of the card you transferred the balance to.

Are balance transfer credit cards worth it?

Balance transfers don't always save you money. Depending on how much you owe, your current interest rate, and the cost of transferring the balance (the balance transfer fee), it may not be worth it.

You can find good credit card products for a balance transfer on this page. You will generally find cards with low balance transfer fees and low balance APR on this page. You can find the full list of those balance transfer credit cards below.

We also recommend you to check our top lists for balance transfer credit cards. We are going to create multiple top lists for you with additional features. Such as best balance credit cards with low APR.

There will also be additional information about rewards points, cash backs, annual fees, the interest rate for purchases, and more… If you have any questions regarding balance transfer credit cards, you can feel free to ask us.

If you already have one of these cards and if you had any experience with it, you can leave a review for your product. We are going to moderate your reviews as soon as possible and publish them.

Capital One Quicksilver

Capital One Quicksilver

Review You can find detailed review on Capital One Quicksilver for each features of the card. You can see interest rates, fees, rewards, sign up...
Capital One Platinum Preferred Card

Capital One Platinum Preferred Card

Review Capital One Platinum Preferred Card is a new credit card product. The company has made a good card for those who has a good...
Capital One VentureOne Card

Capital One VentureOne Card

Review As same as many other one cards of Capital One, VentureOne is a credit card with less rewards and also less interest rate. We...
Capital One SavorOne Rewards Credit Card

Capital One SavorOne Rewards Credit Card

Review Capital One SavorOne Rewards Credit Card is similar credit card with Capital One Savor Rewards. The card has many advantages for consumers who wants to...
Chase Slate Credit Card

Chase Slate Credit Card

Review Chase Slate Credit Card is a simple credit card of the company which doesn't offer any rewards or bonuses. Card's APR is quite high...
Chase Freedom Credit Card

Chase Freedom Credit Card

Review Chase Freedom Credit Card is providing limited 5% cash back for those who wants to pick their own purchase category. We have mentioned about...
Chase Freedom Unlimited Credit Card

Chase Freedom Unlimited Credit Card

Review Chase Freedom Unlimited Credit Card is a cash back credit card which will help you to earn rewards unlimitedly. You are not going to...
First Citizens Smart Option Visa Card

First Citizens Smart Option Visa Card

Review First Citizens Smart Option Visa Card is a simple credit card with reasonable APR rates and no annual fee. Balance transfer and cash advance...
First Citizens Rewards Visa Card

First Citizens Rewards Visa Card

Review First Citizens Rewards Visa Card has 3 different tiers. You can get cashbacks, rewards points or 50% more rewards points with those tiers. You...
SouthPoint Bank Visa Platinum Edition Credit Card

SouthPoint Bank Visa Platinum Edition Credit Card

Review SouthPoint Bank Visa Platinum Edition Credit Card is a simple card of the company without any rewards, bonused or cashbacks. You will only get...