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The best balance transfer cards with 0% introductory APRs can help you save money over time by letting you move existing debt from one credit card to another and pay no interest during an introductory period. Depending on the card, the 0% intro period can be up to 21 months long.

Keep in mind that when you do a balance transfer to a new card, you’ll likely be charged a fee, usually 3% to 5% of the amount transferred. This amount is something you should factor into your calculation when trying to determine how much you might save with a balance transfer.

Balance transfer cards with intro 0% APR offers typically charge no annual fee and may occasionally have other incentives, such as rewards programs or welcome bonuses — but the main attraction is the 0% APR. At their core, balance transfer cards are a tool for people looking to pay down a high-interest credit card balance. They can help minimize the interest charges associated with carrying a balance, helping you make faster progress on paying off your debt.

We analyzed a broad swath of balance transfer cards with 0% intro APRs, from a variety of issuers, to curate a list of the very best. Here are our selections.

Best balance transfer cards with 0% APR

Why trust our credit card experts

Our team of experts evaluates hundreds of credit cards and analyzes thousands of data points to help you find the best card for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.

  • 24+ cards analyzed.
  • 5 data points considered.
  • 5-step fact-checking process.

Best for staying power after the intro period

Citi Double Cash® Card

Citi Double Cash® Card
BLUEPRINT RATING
Our ratings are based on specific use cases for each card. We compared this card to others in the same category and developed our rankings based on this criteria, along with our editorial input. Note that although we chose this card as the best in its category, the right card for you will depend on your own financial circumstances.
Rates & Fees / Terms Apply
Apply Now
On Citi’s Secure Website

Welcome Bonus

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening.This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

$200 cash back

Annual Fee

$0

Regular APR

19.24% – 29.24% (Variable)

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

Fair, Good, Excellent
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.

Editor’s Take

Pros
  • No annual fees.
  • Introductory APR period on balance transfers.
  • Excellent cash-back rewards.
Cons
  • Charges foreign transaction fees.
  • There’s a balance transfer fee.
  • Few additional benefits.
The Citi Double Cash® Card is a top-notch choice for everyday use, due to its simple and generous rewards. Plus, the card’s lengthy introductory APR period on balance transfers makes it a great option for those who need to consolidate debt.

Card Details

  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% – 29.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Best for lower ongoing APR potential

Chase Slate Edge℠

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The information for the Chase Slate Edge℠ has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Chase Slate Edge℠
BLUEPRINT RATING
Our ratings are based on specific use cases for each card. We compared this card to others in the same category and developed our rankings based on this criteria, along with our editorial input. Note that although we chose this card as the best in its category, the right card for you will depend on your own financial circumstances.

Welcome Bonus

N/A

N/A

Annual Fee

$0

Regular APR

20.49% – 29.24% Variable

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

(700 – 749) Good, Excellent
The Slate Edge does not offer rewards on purchases.

Editor’s Take

Pros
  • No annual fee.
  • Introductory APR period for both purchases and balance transfers.
  • Purchase and travel protection benefits.
Cons
  • There’s a balance transfer fee.
  • Charges foreign transaction fees.
  • No reward potential.
The Chase Slate Edge’s extra benefits, plus its other perks and APR reduction program make the card worth exploring for a balance transfer. This card also offers robust travel and purchase protections.

Card Details

  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • APR: 0% intro APR for the first 18 months on purchases and balance transfers, then a variable APR of 20.49% – 29.24% applies. An intro transfer fee of either $5 or 3% of each transfer, whichever is greater, applies on transfers made in the first 60 days. After that, a fee of either $5 or 5% of each transfer, whichever is greater applies.
  • Foreign transaction fees: 3% of each transaction in U.S. dollars.

Best for welcome bonus potential

Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card
BLUEPRINT RATING
Our ratings are based on specific use cases for each card. We compared this card to others in the same category and developed our rankings based on this criteria, along with our editorial input. Note that although we chose this card as the best in its category, the right card for you will depend on your own financial circumstances.
Apply Now
On Bank of America’s Secure Website

Welcome Bonus

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

$200

Annual Fee

$0

Regular APR

18.24% – 28.24% Variable APR on purchases and balance transfers

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

(700 – 749) Good, Excellent
Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.

Editor’s Take

Pros
  • Lengthy intro APR financing on both new purchases and balance transfers.
  • Flexibility to choose your preferred cash-back category.
  • Solid welcome bonus after meeting spend requirements.
Cons
  • Elevated cash-back rates have a quarterly spending cap.
  • Few benefits.
  • There’s a foreign transaction fee.
This card’s unique rewards structure lets you choose each month which spending category from a list of six where you want to earn elevated cash back. It’s sure to be a favorite for consumers who need flexibility.

Card Details

  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
  • If you’re a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% – 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • Contactless Cards – The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best balance transfer card with 0% APR

Wells Fargo Reflect® Card

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The information for the Wells Fargo Reflect® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Wells Fargo Reflect® Card
BLUEPRINT RATING
Our ratings are based on specific use cases for each card. We compared this card to others in the same category and developed our rankings based on this criteria, along with our editorial input. Note that although we chose this card as the best in its category, the right card for you will depend on your own financial circumstances.

Welcome Bonus

N/A

N/A

Annual Fee

$0

Regular APR

18.24%, 24.74%, or 29.99% variable APR

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

(700 – 749) Good, Excellent

Editor’s Take

Pros
  • Get 21 months of intro APR financing on purchases and qualifying balance transfers.
  • Benefits include cell phone protection, access to roadside dispatch and My Wells Fargo Deals.
Cons
  • You miss out on the full 21 months of intro APR financing if you make a late payment.
  • Qualifying balance transfers must be made within 120 days of account opening.
  • No cash back or other rewards offered.
The Wells Fargo Reflect® Card * The information for the Wells Fargo Reflect® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers a long, low APR on purchases and qualifying balance transfers making it a great choice to tame high-interest debt or get some breathing room on a big buy.

Card Details

  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • APR: 0% intro APR for 21 months from account opening on purchases and on balance transfers made within the first 120 days, afterwards a 18.24%, 24.74%, or 29.99% variable APR applies. There’s a balance transfer fee of 5% with a $5 minimum.
  • Foreign transaction fees: 3% of each transaction converted to U.S. dollars.
  • Other benefits and drawbacks: The card also offers up to $600 in cellphone protection against damage or theft (subject to a $25 deductible, up to two paid claims per 12-month period). While the card doesn’t offer rewards on every purchase, you can get cash back with select merchants with My Wells Fargo Deals.

Best for late payment forgiveness

Citi Simplicity® Card

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The information for the Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Citi Simplicity® Card
BLUEPRINT RATING
Our ratings are based on specific use cases for each card. We compared this card to others in the same category and developed our rankings based on this criteria, along with our editorial input. Note that although we chose this card as the best in its category, the right card for you will depend on your own financial circumstances.

Welcome Bonus

N/A

N/A

Annual Fee

$0

Regular APR

19.24% – 29.24% (Variable)

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

(700 – 749) Good, Excellent

Editor’s Take

Pros
  • No annual fees.
  • Introductory APR period for both purchases and balance transfers.
  • No late payment penalty fee.
Cons
  • Charges foreign transaction fees.
  • Higher-than-average balance transfer fee.
  • No reward potential.
Mistakes happen and if you occasionally miss or skip a credit card payment, the Citi Simplicity® Card * The information for the Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. may be an ideal choice. The card doesn’t charge late or penalty fees. Though it offers no rewards nor welcome bonus, its introductory APR on balance transfers also makes it a decent debt-buster.

Card Details

  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • APR: 0% intro balance transfer APR for 21 months from the first transfer and 0% intro purchase APR for 12 months from account opening. After that, the variable APR will be 19.24% to 29.24%. There is an intro balance transfer fee of $5 or 3% of the transfer, whichever is greater, for transfers made in the first four months. After that, a balance transfer fee of either $5 or 5% of each transfer, whichever is greater, applies.
  • Foreign transaction fees: 3%.
  • Other perks and benefits: No late fees, no penalty fees, automatic account alerts, Tap your card with contactless pay, choose your payment due date, digital wallets, Mastercard ID theft protection, $0 liability on unauthorized charges, 24/7 customer service.

Best for no penalty APR

BankAmericard® credit card

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The information for the BankAmericard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

BankAmericard® credit card
BLUEPRINT RATING
Our ratings are based on specific use cases for each card. We compared this card to others in the same category and developed our rankings based on this criteria, along with our editorial input. Note that although we chose this card as the best in its category, the right card for you will depend on your own financial circumstances.

Welcome Bonus

N/A

N/A

Annual Fee

$0

Regular APR

16.24% – 26.24% Variable APR on purchases and balance transfers

Credit Score

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

(700 – 749) Good, Excellent
The BankAmericard® credit card does not offer rewards on purchases.

Editor’s Take

Pros
  • No annual fee.
  • Introductory low APR period for both purchases and balance transfers.
  • Long low introductory APR period.
Cons
  • No rewards offered.
  • Few benefits available.
  • There’s a balance transfer fee.
When your main focus is finding the longest intro APR offer available, the BankAmericard® credit card * The information for the BankAmericard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. from Bank of America delivers. It offers stellar intro APR periods on both purchases and balance transfers and charges no annual fee.

Card Details

  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • APR: 0% intro APR for 18 billing cycles for purchases and any balance transfers made in the first 60 days, and then a variable APR of 16.24% to 26.24%. An intro balance transfer fee of 3% of each transaction made within 60 days of account opening applies. After that, the fee will be 4% of each transaction.
  • Foreign transaction fees: 3% of the U.S. dollar amount of each transaction made in a foreign currency.
  • Other perks and benefits: No penalty APR, credit education, $0 liability guarantee, Balance Connect for overdraft protection of associated Bank of America Accounts and convenience features.

Compare the best 0% APR credit cards

Credit Card
Credit score
Best For
Annual Fee
Welcome Bonus
Fair, Good, Excellent
Best for staying power after the intro period
$0
$200 cash back  

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening.This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

Good, Excellent (700 – 749)
Best for lower ongoing APR potential
$0
N/A  

N/A

Good, Excellent (700 – 749)
Best for welcome bonus potential
$0
$200  

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

Good, Excellent (700 – 749)
Best balance transfer card with 0% APR
$0
N/A  

N/A

Good, Excellent (700 – 749)
Best for late payment forgiveness
$0
N/A  

N/A

Good, Excellent (700 – 749)
Best for no penalty APR
$0
N/A  

N/A

Best balance transfer credit cards
Best for staying power after the intro period: Citi Double Cash® Card

Why this card made the list

With a lengthy introductory APR period on balance transfers, the Citi Double Cash® Card is an excellent option for those looking to pay off high-interest debt transferred from a non-Citi card. And, this card’s ongoing rewards program gives it value that extends beyond the length of the introductory offer.

  • APR: 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 19.24% to 29.24%. An intro balance transfer fee of either $5 or 3%, whichever is greater, applies to transfers completed in the first 4 months. After that, the fee will be 5% of each transfer (minimum $5).
  • Annual fee: $0.
  • Rewards: Earn an unlimited 2% cash back on purchases — 1% when purchases are made and another 1% when they’re paid off, plus, for a limited time, 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
  • Welcome bonus: $200 cash back after spending $1,500 on purchases in the first six months of account opening.
  • Foreign transaction fees: 3%.
Best for lower ongoing APR potential: Chase Slate Edge℠ *

The information for the Chase Slate Edge℠ has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Why this card made the list

The Chase Slate Edge℠ * The information for the Chase Slate Edge℠ has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. earns its place on our list with its highly competitive introductory APR, but seals its spot with its unique offer to potentially reduce a cardholder’s ongoing APR by 2% when they pay their bill on time and spend at least $1,000 on the card by the next account anniversary, until the card’s APR reaches the prime rate plus 9.74%. This means the Slate Edge could eventually transition from being a 0% APR card to an ongoing lower-than-average APR card.

Other unexpected benefits that give the card staying power include secondary auto rental collision coverage, access to roadside dispatch, purchase protection and extended warranty coverage.

  • APR: 0% intro APR for the first 18 months on purchases and balance transfers, then a variable APR of 20.49% – 29.24% applies. An intro transfer fee of either $5 or 3% of each transfer, whichever is greater, applies on transfers made in the first 60 days. After that, a fee of either $5 or 5% of each transfer, whichever is greater applies.
  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • Foreign transaction fees: 3% of each transaction in U.S. dollars.
Best for welcome bonus potential: Bank of America® Customized Cash Rewards credit card

Why this card made the list

The Bank of America® Customized Cash Rewards credit card is a good card long past its use as a balance transfer card. Those who are comfortable with tracking various spending categories can earn higher rewards in the areas where they spend the most. Plus, those who also bank with Bank of America might be able to get an additional boost to their rewards potential via the bank’s Preferred Rewards program.

  • APR: 0% intro APR for 15 billing cycles for purchases and for balance transfers made within the first 60 days, then a 18.24% to 28.24% variable APR applies. A 3% intro balance transfer fee will apply for the first 60 days; then a 4% fee applies to future balance transfers.
  • Annual fee: $0.
  • Rewards: Earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and 1% cash back on all other purchases.
  • Welcome bonus: Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 90 days of account opening.
  • Foreign transaction fees: 3%.
Best balance transfer card with 0% APR: Wells Fargo Reflect® Card *

The information for the Wells Fargo Reflect® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Why this card made the list

The Wells Fargo Reflect® Card * The information for the Wells Fargo Reflect® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers what’s likely to be the longest 0% APR period you’ll find: A lengthy 0% intro APR for 21 months from account opening on purchases and on balance transfers made within the first 120 days, afterwards a 18.24%, 24.74%, or 29.99% variable APR applies. There’s a balance transfer fee of 5% with a $5 minimum. The longer the 0% period, the more money you’ll save on interest and can use to knock out your existing debt. Other benefits include cell phone protection when you pay your phone bill with the card, access to roadside assistance and My Wells Fargo Deals for discounts and money-saving offers.

  • APR: 0% intro APR for 21 months from account opening on purchases and on balance transfers made within the first 120 days, afterwards a 18.24%, 24.74%, or 29.99% variable APR applies. There’s a balance transfer fee of 5% with a $5 minimum.
  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • Foreign transaction fees: 3% of each transaction converted to U.S. dollars.
Best for late payment forgiveness: Citi Simplicity® Card *

The information for the Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Why this card made the list

When mistakes do happen, this card is one you’ll be glad to have in your wallet. The Citi Simplicity® Card * The information for the Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. doesn’t charge any late fees if you occasionally don’t make a payment on time. Keep in mind that making late payments can damage your credit score, however.

Although the Simplicity doesn’t offer rewards or a welcome bonus, the extra-lengthy introductory APR on balance transfers makes it a highly attractive balance transfer option. And, as a Mastercard, you can also enroll in complimentary ID theft protection when you have this card.

  • APR: 0% intro balance transfer APR for 21 months from the first transfer and 0% intro purchase APR for 12 months from account opening. After that, the variable APR will be 19.24% to 29.24%. There is an intro balance transfer fee of $5 or 3% of the transfer, whichever is greater, for transfers made in the first four months. After that, a balance transfer fee of either $5 or 5% of each transfer, whichever is greater, applies.
  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • Foreign transaction fee: 3%.
Best for no penalty APR: BankAmericard® credit card *

The information for the BankAmericard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Why this card made the list

The BankAmericard® credit card * The information for the BankAmericard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers a longer-than-average introductory period for both purchases and balance transfers. Notably, if you’re accidentally late with a payment, the card won’t hit you with a penalty APR and terminate your intro APR offer, like most other cards with an intro APR offer will. The main event with this card is the intro offer as the card benefits beyond that are minimal.

  • APR: 0% intro APR for 18 billing cycles for purchases and any balance transfers made in the first 60 days, and then a variable APR of 16.24% to 26.24%. An intro balance transfer fee of 3% of each transaction made within 60 days of account opening applies. After that, the fee will be 4% of each transaction.
  • Annual fee: $0.
  • Rewards: None.
  • Welcome bonus: None.
  • Foreign transaction fee: 3% of the U.S. dollar amount of each transaction made in a foreign currency.

Methodology

Our credit cards team has spent hours analyzing hundreds of credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings. Factors we considered in determining the best balance transfer cards with a 0% APR include:

  • The length of the promotional APR on balance transfers.
  • Any annual fees.
  • The amount of any balance transfer fees.
  • The value of any additional benefits outside of the low intro period, rewards or other perks.

What is a 0% APR balance transfer?

A 0% introductory APR balance transfer card is a type of credit card that offers a promotional no-interest period for a specific amount of time — usually six to 21 months. During the intro period, users must still make minimum payments and should aim  to pay off the entire balance before the introductory offer expires, when the card will revert back to charging the normal ongoing interest rate on any balance left.

A balance transfer card with a 0% APR offer can be a stepping stone toward effective debt management. When you get a reprieve from paying interest, it means your payments will go entirely toward knocking out the principal rather than being siphoned off to pay interest charges.

What exactly does that 0% APR mean? Here’s a breakdown of what that zero-interest period can do.

Balance transfer cards with a 0% intro APR offer can help you transfer high-interest balances from other credit cards to a new card with a low intro APR. That 0% offer can last anywhere from six months to nearly two years and can be an effective tool to save money on interest payments or function as a longer runway for those who need extra time to pay off a big buy.

The potential catch with a balance transfer offer is that the best offers are typically reserved for those with good to excellent credit, which may put some of the longest offers out of reach for those who may need the break on interest the most.

It’s important to remember that the zero-interest period won’t last forever, and the card’s regular ongoing interest rate will apply on any balances remaining at the end of the intro period. So,  you should plan to pay off the debt in full before the promo period ends. Also, know that a balance transfer fee of 3% to 5% will likely apply to any transfers you make, so be sure to do the math and double check that you’ll actually save money overall with a balance transfer. 

One way to evaluate if a balance transfer could be worthwhile is with an interest calculator — plug in your current card’s balance and interest rate and your payment preferences, and see how much interest you’d pay over time. If the interest charges are more than you’d pay for a balance transfer fee, a balance transfer might help you save in the long run.

How does a balance transfer work?

A balance transfer is a process by which you can move one or more of your existing credit card balances onto a new credit card. You can usually do this by contacting your new credit card company, providing it with the details of your old credit card and authorizing the new issuer to transfer the balance from your old card to the new one. 

This can be done online during the application process or by calling the issuer of your new card once approved. You will typically incur a balance transfer fee, so be sure to understand the terms and conditions before applying for a new card to make a transfer.

Thinking about a balance transfer and your credit? Here’s how a balance transfer could impact your credit score.

What is a balance transfer fee?

A balance transfer fee is a percentage-based fee tied to the dollar amount of debt you’re moving to a balance transfer card. Most balance transfer cards charge a fee of 3% to 5%. 

For example, if you transfer $10,000 in debt to a card that charges a 3% balance transfer fee, your balance on the new card will be $10,300. Balance transfer fees vary by card and should be spelled out in the terms and conditions of any card you’re thinking about applying for. It’s rare to find a card with an intro APR on balance transfers and no balance transfer fee.

How long does a balance transfer take?

A balance transfer can take anywhere from a few days to a few weeks to complete. Generally, it can be faster to do a balance transfer online than via postal mail. 

While you’re waiting for your old account balance to be transferred to your new balance transfer card, you should continue to make any payments due on the old account until the transfer is complete. When your new account shows the new balance, check with your original lender to make sure that the old account correctly reflects the amount that’s been transferred.

How to choose the best balance transfer card

When considering a 0% intro APR balance transfer credit card, consider the following card attributes:

  • Annual fees. There are plenty of excellent balance transfer cards available that don’t charge annual fees. You should be able to find an option without an annual price tag.
  • The length of the 0% APR period. When deciding on a balance transfer card, you’ll want to pick one with a 0% APR period offering enough time to pay off all or a good chunk of your balance. 
  • The cost of the balance transfer fee. If you’re trying to decide between cards with similar 0% APR intro periods, take a look at how much the balance transfer fee is. Every extra dollar you pay to transfer a balance reduces the value of your overall savings on interest. 
  • Useful benefits beyond the introductory APR period. After the promo period ends, does the card come with any perks like rewards, cell phone protection or travel insurances that make this card worth owning long term? 

Our first-hand experience

“Balance transfer cards are an unsung hero when it comes to tackling debt. I got the Citi Simplicity card when I wanted to get serious about paying off debt. Not paying any interest on the balance for well over a year allowed me to make major headway towards becoming debt-free since none of those payments were being siphoned away towards interest charges.”

Robin Saks Frankel, lead editor, USA TODAY Blueprint

How to do a balance transfer

Here’s a breakdown of the basic steps involved in how to do a balance transfer:

  1. Apply for a balance transfer credit card. You may also be able to take advantage of a balance transfer offer on a card you already have. Make sure before applying or initiating a transfer that you understand how long the 0% APR or low-interest rate promotional period will last and have factored in the cost of any  balance transfer fees.
  2. Request the balance transfer. You can do this through the issuing bank of the new card either online or over the phone. You can either request an electronic transfer of the old debt to the new card or sometimes the new card will send convenience checks in the mail that you can deposit in your bank account and pay out to your existing creditors. With either option, make sure you confirm that the transaction will be treated as a balance transfer and not something else (like a cash advance). 
  3. Verify your original creditors receive their payments. Confirm that the balances on your original debt have been reduced by the sum that you transferred. Until the transfer is completed, you’re responsible for making any payments that may be due on the old account or accounts.
  4. Repay your debt. Have a plan in place to pay off all or as much as you can of the debt you transferred before the 0% APR period expires as you’ll be back to paying interest charges on any remaining balance.

Looking for an in-depth overview of what to do before, during and after a balance transfer? Here’s our step-by-step balance transfer guide.

How much can I save with a 0% balance transfer card?

Here are some examples of how much you might save by transferring a $10,000 balance from a card with an APR of 20% to a card with a 0% APR balance transfer offer and a 3% balance transfer fee:

If you:What you pay each month:It will take you:You’ll have paid an additional:
Do nothing and carry the balance$30050 months to pay off your debt$4,785 in interest
Move the debt to a card with a 12-month 0% APR offer and a 3% transfer fee$30939 months to pay off your debt$1,640 in interest
Move the debt to a card with an 18-month 0% APR offer and a 3% transfer fee$30936 months to pay off your debt$787 in interest
Move the debt to a card with a 21-month 0% APR offer and a 3% transfer fee$30935 months to pay off your debt$496 in interest

How to maximize your 0% balance transfer card

The best way to make the most of your 0% balance transfer card is to make a plan to pay off your debt before the end of the promo period. Otherwise you might find yourself trapped in the same cycle of growing debt due to expensive interest charges. 

You can divide the amount of debt you owe (including the balance transfer fee) by the number of months you have at a 0% interest rate to see how much your monthly payments would need to be to completely knock out the balance.

Even if you can’t afford to make monthly payments at the number required to eliminate the debt at the end of the intro period, the more you can pay down, the less debt you’ll be left with when the intro offer expires.

Pros and cons of a 0% balance transfer card

Balance transfer cards, like any financial product, come with pros and cons to be aware of:

Pros

  • 0% interest rate: A 0% APR offer can give you a chance to save money on interest payments during the promotional period, helping you put more toward knocking out the principal debt as quickly as possible. 
  • Debt consolidation: If you carry a balance on multiple accounts, transferring them all to a balance transfer card can simplify your payments.

Cons

  • Good credit required: You typically need good to excellent credit to qualify for a balance transfer credit card offer. 
  • Balance transfer fee: Most credit card issuers charge a balance transfer fee between 3% to 5% of each amount you transfer to your new account. So, if you transfer $10,000 to an account with a 5% balance transfer fee, $500 will be added to the amount transferred. 
  • The 0% isn’t forever: The introductory APR will only last for a limited time. Once the promotional period ends, any balance remaining will be subject to your balance transfer card’s ongoing APR. 
  • You can’t transfer balances with the same issuer: For example, you can’t transfer a balance from a Chase credit card to a Chase balance transfer card.

Best alternatives to a 0% balance transfer card

If a 0% balance transfer card isn’t an option for you, there are still ways to save money if you’re looking for a helping hand to pay down high-interest credit card debt. 

A personal loan or a home equity loan may be a good option for those who need to consolidate debt without using a balance transfer card. Credit counseling services can help you develop a plan to pay off your debt in a more manageable way if you’re still feeling stuck. 

Ultimately, the best option will depend on your individual needs and situation.

Is a balance transfer credit card right for you?

A balance transfer card could be right for you if you’re looking to knock out your existing debt, and are in a financial position to make regular monthly payments large enough to pay off all or a significant chunk of your balance before the promo period expires. Generally you’ll have to have good or better credit to qualify for the best balance transfer offers. If you meet this criteria, a balance transfer credit card can be an excellent way to meet your debt-busting goals.

Frequently asked questions (FAQs)

A balance transfer won’t directly affect your credit score, but it can have an indirect effect. Opening a new credit card account can increase your overall available credit and reduce your credit utilization — but conversely, if you choose to close the old account, it may reduce your overall available credit and increase your credit utilization. Also, opening a new credit card typically involves a hard inquiry, which will likely ding your credit score by a few points.

The way you manage your debt after the transfer can always affect your credit, too. For example, if you transfer a balance and then end up making late payments on the new card, that could have a negative impact on your credit score.

The exact credit score you need to qualify for a balance transfer card will depend on the lender. Generally speaking, you’ll need a credit rating of “good” or better to qualify for a balance transfer card (typically considered 670 or better on the FICO scale), but some lenders may require a higher score.

The length of the promotional period varies from lender to lender. By law, the promotional period must be at least six months, but in most cases it’s typically between 12 and 18 months — although some cards may offer longer promotional periods, including several of the ones on this list. It’s important to make sure you understand the specific terms and conditions of a card before you apply.

Your goal with a balance transfer card is to pay off your balance before the introductory APR period ends, or you may be left with a high-interest balance once again. A balance transfer card is meant to be a temporary solution to tame high-interest debt. 

If you continue to spend beyond your means on a credit card, you could get stuck in a cycle of applying for new balance transfer cards, which can have a negative impact on your credit. Credit cards in general typically come with high ongoing APRs, and balance transfer cards are no different once the promotional offer expires.

The amount of debt you’re able to transfer to a new credit card will depend on two things: the credit line you are approved for on the new card and if the issuing bank has any set limits on the amount you can transfer.

If you’re looking to transfer $10,000 in debt but you’re only approved for a $5,000 credit limit on a new card, then $5,000 (minus the amount of the balance transfer fee) is the maximum amount you can transfer. 

Also, beware that someone seeking to move larger amounts of debt who is approved for a high credit line may run up against the policies of the issuing bank. For example, Chase states that they have a maximum limit of $15,000 that you can transfer to a new credit card.

Yes, you can transfer multiple balances to one card as long as you don’t exceed the credit limit on the new card. 

For example, if you are approved for a credit limit of $5,000 and you have Card A with a balance of $1,500 and Card B with a balance of $2,000, you can transfer both to the new card.

However if you’re also looking to transfer a $3,000 balance from Card C, you won’t be able to transfer the full balance, since the combined amount would exceed the credit limit on the new card.

You can transfer a balance from any credit card to another credit card that accepts balance transfers with one caveat: You cannot transfer a balance from one card to another card from the same bank.

*The information for the BankAmericard® credit card, Chase Slate Edge℠, Citi Simplicity® Card and Wells Fargo Reflect® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

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Robin Saks Frankel is a credit cards lead editor at USA TODAY Blueprint. Previously, she was a credit cards and personal finance deputy editor for Forbes Advisor. She has also covered credit cards and related content for other national web publications including NerdWallet, Bankrate and HerMoney. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, NASDAQ's Trade Talks and has appeared on or contributed to The New York Times, Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. She holds an M.S. in Business and Economics Journalism from Boston University. Follow her on Twitter at @robinsaks.

Glen Luke Flanagan is a deputy editor on the USA TODAY Blueprint credit cards team. Prior to joining Blueprint, he served as a deputy editor on the credit cards team at Forbes Advisor, and covered credit cards, credit scoring and related topics as a senior writer at LendingTree. He’s passionate about helping people understand personal finance so they can make the best decisions possible for their wallet. Glen holds a master's degree in technical and professional communication from East Carolina University and a bachelor's degree in journalism from Radford University.