Best Low-Rate Credit Cards for Balance Transfer Offers


Triston Martin

Nov 19, 2023

You can save hundreds, if not thousands, of dollars by switching high-interest debt to a credit line with a 0% intro rate after getting balance transfer offers. This money can be used to pay down your debt faster. Balance transfer cards that are best for you offer the best value in long-term rewards. They don't charge an annual fee, offer a 0% introductory period on transfers of up to 18 months or a 0% period on transfers of 15 months.

What Is a Balance Transfer?

In a balance transfer, you can move your high-interest debt to a card that charges less interest or one that doesn't charge interest at all on balance transfers. You can do this to save money. Sometimes, when you move debt from one credit card to another, there seems to be a balance transfer fee. This fee is usually between 3% and 5% of the amount of debt you want to move.

This charge will increase your debt burden, so check the math before transferring debt to another credit card. A balance transfer isn't a good money move. If the balance transfer fees are more than the money, you'll save on interest by moving your money.

Best cards for Balance Transfer Offers

1.Wells Fargo Reflect℠ Card

For the first 18 months after you open your account, you'll get a 0% intro APR on all purchases and eligible balance transfers. As long as you pay your bills on time during the intro as well as extension periods, you can get a lower APR for up to three months. Balance transfers made in the first 120 days get the intro rate as well as a fee of 3%, and there's a balance transfer fee of up to 5 percent, with a minimum fee of $5. After that, the APR changes from 12.99% to 24.99%. When you pay all your other monthly mobile phone bills with your qualified Wells Fargo card (up to a $25 deductible), you'll be eligible for up to $600 in cell phone protection. People who use their Wells Fargo credit cards can get cashback as part of a statement credit when shopping, dining, or going on a trip.

2.Citi® Diamond Preferred® Card

From the initial transfer date, there will be no interest charged on balance transfers for 21 months, and there will be no interest charged on purchases for 12 months from the date of account establishment. Because of how well you pay your bills, the variable APR will range from 13.7% to 23.74%. It must be done in the first four months of having an account. For each balance transfer, you'll be charged $5 or 5% of the transferred amount, whichever is larger. Using this card, you will be able to view your FICO® Score for free on the internet. Shop with comfort knowing that you are protected by reliable protection features like zero liability for unauthorized purchases and Citi® Id Theft Solutions.

3.Platinum Credit Card from Navy Federal Credit Union

Suppose you're a member of the Navy Federal credit union, which is required to apply for the card. In that case, you won't be able to find another card that has both a low introductory APR and a low continuous APR that will last far beyond the introductory period. As a bonus, there seem to be no balance transfer fees, so you won't have to pay a fee to move your debt to this card. The Navy Federal Credit Union has rules about who can join, and you must join before you can apply for a Navy Federal credit card. Veterans' extended families are also eligible, which means that more people are eligible than you think.

4.Discover it® Balance Transfer

Only from Discover can you get an unlimited cashbackmatch. Discover will immediately match the rewards you've earned after your first year of membership! You don't have to spend a certain amount of money or get a certain amount of money back. In this case, if you had $150 in cash back, you could get $300. When you activate, you'll get 5% cashback on your daily purchases at many locations, including, grocery shops, restaurants, petrol stations, and when you pay with PayPal. As a bonus, you'll get unlimited 1% cash rewards on all other purchases. It doesn't matter how much money you have or when you want to use it. Rewards never run out. Get your free Credit Scorecard as balance transfer offers, including your FICO® Credit Score, the number of recent inquiries you've made, and more.

5.BankAmericard® Credit Card

It's wise to plan ahead of time so you can pay off your new loan before the introductory APR term expires. Perhaps not all the time. If you think you'll still have a balance after the intro APRperiod, you might want to pay it off on a card with such a low APR. If you can't avoid carrying a load, and your APR is set between 12.99 percent and 22.99 percent, the BankAmericard® credit card is a good option.

6.Chase Freedom FlexSM

For the Chase Freedom Unlimited® as well as Chase Freedom FlexSM, there is now also a 0% APR offer for the balance transfers. Before, the introductory offer only applied to purchases. During the first 15 months, new cardholders get a 0% APR on purchases as well as balance transfers, which is good for both (then a 14.99 percent - 24.74 percent Variable APR). Introductory balance transfer fees are 3 percent of any transfer (or $5) made during 60 days of account establishment. If you make more than one transfer, the fee will be 5% of the amount of each one.


Why would you do a balance transfer? It's to help you pay off your debt! This means paying the least amount of interest feasible. Using a credit card with a zero percent intro APR allows you to pay off your debt without accruing any further interest. Transferring money from one account to another may be useful for managing money. If you have a lot of debt on multiple credit cards, you can consolidate your debt onto one card so that you don't have to keep track of so many payments. To get the best balance transfer deals, you can choose from any above!


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