The 10 Best Balance Transfer Credit Cards of 2019

Move your balance to another card and save hundreds

We are committed to researching and recommending the best financial solutions and products for our readers. The Balance has partnered with CardRatings and may receive commissions from links within our content, but these have no bearing on our reviews or recommendations. The below content has not been reviewed, endorsed, or approved by any card issuers prior to publishing.

You can save hundreds of dollars by moving a high-interest rate balance to a balance transfer credit card with a 0% introductory rate. When it comes to balance transfer credit cards, the longer the introductory period, the better. We've reviewed the current balance transfer offers and narrowed it down to the ten best. Our list includes:

Best for No Balance Transfer Fee: Chase Slate
Longest Introductory Period: Citi Simplicity
Best for 5% Cash Rewards: Discover It
Best Flat-Rate Cash Back: Citi Double Cash
Best Tiered Rewards: Blue Cash Everyday Card from American Express
Best for Introductory Purchase Rate: U.S. Bank Platinum Visa Card
Best for Students: BankAmericard Credit Card for Students
Best First-Year Bonus: Wells Fargo Propel American Express
Best Cash Signup Bonus: Capital One Quicksilver
Best for Repeated Transfers: Citi Diamond Preferred

There are a few things that can make a 0% balance transfer credit card even better – no balance transfer fee, 0% on purchases, plus rewards. The credit cards on our list all offer additional benefits on top of the great introductory rate. As you pick the best balance transfer credit card, consider both the length of the promotional period and how you might use the credit card after the promotional period has ended.

01
Best for No Balance Transfer Fee: Chase Slate

Chase Slate
Courtesy of Chase

What we like: With the Chase Slate, you won’t pay a balance transfer fee on any balance you transfer during the first 60 days of opening your account. After that, the balance fee is 5% of the amount transferred or a minimum of $5, whichever is greater. On a $10,000 balance, you’ll save $500 just by transferring your balance sooner.

As a Chase cardholder, you can stay on top of your credit score with access to a free FICO score each month, as well as the five primary factors affecting your score. 

What we don't like: The Chase Slate doesn't offer a signup bonus or ongoing rewards. Plus the card charges foreign transaction fee.

  • Minimum Credit Required: Excellent
  • Annual Fee: None
  • Intro APR: 0% on Purchases and Balance Transfers for 1t months
  • Ongoing APR: 17.24% to 25.99% variable
  • Balance Transfer Fee: $0 on transfers made in the first 60 days of account opening; after that $5 or 5%
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the amount transferred in U.S. dollars
  • Signup Bonus: None Offered

02
Longest Introductory Period: Citi Simplicity

What we like: Citi Simplicity has the longest introductory period of any credit card - 21 months on balance transfers. 

Plus, the card truly keeps it simple with no late fees, no penalty rate and no annual fee. You can choose your payment due date to fall at any date during the month.

What we don't like: Citi Simplicity doesn't offer a rewards program or a signup bonus. Most credit cards offer the same introductory rate for balance transfers and purchases. This card has a much shorter introductory period for purchases.

  • Minimum Credit Required: Excellent
  • Annual Fee: None
  • Intro APR: 0% for 21 months on balance transfers; 0% for 12 months on purchases. 
  • Ongoing APR: 16.24% to 26.24% variable
  • Balance Transfer Fee: $5 or 5% of the transfer amount
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount in U.S. dollars.
  • Signup bonus: None offered

03
Best for 5% Cash Rewards: Discover it

Discover It
Courtesy of Discover

What we like: Purchases on the Discover it qualify for cash back rewards. You’ll earn 5% cash back on up to $1,500 in purchases in categories that rotate each quarter as long as you register online or through the mobile app. All other purchases earn 1% cash back. While Discover doesn't offer a signup bonus, they will automatically match the cash back you’ve earned at the end of the first year.

Other perks: Use the Freeze it on/off switch on your account to prevent unauthorized use of your credit card (or to keep yourself from using it until you pay back your balance transfer). Plus, get your FICO score free on your monthly billing statement.

What we don't like: The 5% rewards categories rotate each quarter, requiring you to change your spending habits to max out rewards at the highest category.

  • Minimum Credit Required: Good
  • Annual Fee: None
  • Intro APR: 0% for 14 months on balance transfers and purchases
  • Ongoing APR: 14.24% to 25.24% variable
  • Balance Transfer Fee: 3% of the transfer amount that posts to your account by August 10, 2019; after that 5%
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: None
  • Signup bonus: None offered

04
Best Flat Rate Cash Back: Citi Double Cash

What we like: Purchases earn up to 2% cash back - 1% cash back when you make the purchase and 1% back when you pay them back. That's great encouragement for repaying your credit card balance. The promotional rate for balance transfers is one of the longest offered of any balance transfer credit card. Citi will waive your very first late fee.

What we don't like: The 0% introductory rate doesn't apply to purchases, which means you'll likely pay interest on purchases if you make purchases before paying off your transferred balance.

  • Minimum Credit Required: Good
  • Annual Fee: None
  • Intro APR: 0% on balance transfers for 18 months
  • Ongoing APR: 15.74% to 25.74% variable
  • Balance Transfer Fee: $5 or 3% of the transfer amount
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount in U.S. dollars
  • Signup Bonus: None offered

05
Best Tiered Rewards: Blue Cash Everyday Card from American Express

BlueCash Everyday
Courtesy of American Express

What we like: You won't pay a balance transfer fee on any transfers requested in the first 60 days, which helps you save money on your balance transfer. 

Once you start using the credit card for purchases, you'll earn 3% cash back on up to $6,000 in purchases at U.S. supermarkets each year and 1% back on all other purchases. Plus, you'll get 20% more points when you use your card 20 or more cards in a billing cycle.

What we don't like: Purchases at superstores and warehouses aren't considered grocery stores and won't earn the higher rewards bonus.

  • Minimum Credit Required: Good
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 15 months
  • Ongoing APR: 15.24% to 26.24% variable
  • Balance Transfer Fee: $0 on transfers requested in the first 60 days; $5 or 3% of the transfer amount
  • Cash Advance Fee: $5 or 3% of the cash advance
  • Foreign Purchase Transaction Fee: 2.7% of the amount after conversion to U.S. dollars
  • Signup Bonus: 10,000 bonus points when you spend $1,000 on purchases in the first three months

View details about this credit card

06
Best for Introductory Purchase Rate: U.S. Bank Platinum Visa Card

U.S. Bank Platinum Visa
Courtesy of U.S. Bank

What we like: The U.S. Bank Platinum Visa offers a relatively long introductory APR that  applies to both purchases and balance transfers. You'll get cell phone protection coverage when you use your credit card to pay your monthly cell phone bill. Your card also comes with free access to your TransUnion credit score.

What we don't like: There's no ongoing rewards program on this credit card and you won't earn a signup bonus.

  • Minimum Credit Required: Excellent
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 20 billing cycles
  • Ongoing APR: 14.74% to 25.74% variable
  • Balance Transfer Fee: $5 or 3% of the transfer amount
  • Cash Advance Fee: $10 or 4% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount
  • Signup Bonus: None offered

07
Best for Students: BankAmericard Credit Card for Students

BankAmericard Credit Card for Students
Courtesy of Bank of America

What we like: The BankAmericard Credit Card for Students offers a longer introductory period than the card issuer's other two student credit cards. Cardholders can also opt-in for monthly access to a free FICO score available in the Mobile Banking app or Online Banking.

What we don't like: This card doesn't offer any ongoing rewards program or a signup bonus.

  • Minimum Credit Required: Good
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 15 billing cycles
  • Ongoing APR: 15.24% to 25.24% variable
  • Balance Transfer Fee: $20 for the first 60 days of account opening; after that, $10 or 3%
  • Cash Advance Fee: $10 or 3% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount in U.S. dollars
  • Signup Bonus: None offered

08
Best First-Year Bonus: Wells Fargo Propel American Express

Courtesy of Getty Images

What we like: The Wells Fargo Propel offers a sizable signup bonus for cardholders who spend $3,000 on purchases in the first three months of opening their account. Ongoing, you'll earn three points for every dollar you spend on dining, gas, rideshares, flights, hotels, homestays, and car rentals, and popular streaming services. All other purchases will earn one point per dollar.

What we don't like: There's a higher spend amount to earn the signup bonus. Earning the signup bonus may conflict with transferring a balance depending on the cardholder's initial credit limit.

  • Minimum Credit Required: Good
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 12 months
  • Ongoing APR: 16.24% to 27.24% variable
  • Balance Transfer Fee: $5 or 3% of the transfer amount
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: None
  • Welcome Offer: 30,000 bonus points after you spend $3,000 on purchases in the first three months

View details about this credit card.

09
Best Cash Bonus: Capital One Quicksilver

Capital One Quicksilver
 Courtesy of Capital One

What we like: Purchases on the Capital One Quicksilver earn an unlimited 1.5%. You can redeem your rewards at any time for any amount. The sign up bonus has a relatively small minimum spend that should be manageable even if you transfer a balance, depending on your credit limit and the amount you transfer. 

There's no balance transfer fee after the first 15 months, but of course, the higher APR will be applied to the transfer.

What we don't like: While the rewards program is simple to keep up with, people with excellent credit may be able to qualify for a credit card that allows them to earn more rewards.

  • Minimum Credit Required: Good
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 15 months
  • Ongoing APR: 16.24% to 26.24% variable
  • Balance Transfer Fee: 3% of the transfer amount for the first 15 months; None after the first 15 months.
  • Cash Advance Fee: $10 or 3% of the cash advance
  • Foreign Purchase Transaction Fee: None
  • Signup Bonus: $150 cash bonus when you spend $500 in the first three months

10
Best for Repeated Transfers: Citi Diamond Preferred

Citi Diamond Preferred

What we like: The Citi Diamond Preferred extends its 18-month 0% APR to balances transferred for the first four months following your account opening. That means you can transfer a small balance when you first open your account, pay it off, then transfer another one shortly thereafter.

You can choose your own due date, use your card with Apple Pay, and receive automatic alerts for important account activity.

What we don't like: There are no ongoing rewards on purchases.

  • Minimum Credit Required: Excellent
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 18 months
  • Ongoing APR: 15.24% to 25.24% variable
  • Balance Transfer Fee: $5 or 5% of the transfer amount
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount in U.S. dollars
  • Signup Bonus: None offered

About Our Reviews

We are committed to researching and recommending the best financial solutions and products for our readers. The Balance has partnered with CardRatings and may receive commissions from links within our content, but these have no bearing on our reviews or recommendations. The above content has not been reviewed, endorsed, or approved by any card issuers prior to publishing.