According to the Federal Reserve, the average American household with credit card debt had a total revolving debt of $9,214. If each card with a balance charges the market average 24.21% interest rate, then the typical household will pay approximately $2,231 a year in interest on that debt.
Thankfully, those with good to excellent credit can take advantage of balance transfers to avoid forking over thousands in interest fees. A balance transfer does exactly what it says: it transfers your balance from one credit card to another credit card.
When you transfer your balance to a balance transfer credit card with a 0% APR introductory offer, you can carry that balance interest-free for the length of the introductory terms.
Given the variety of balance transfer card offers, selecting the best one for you may come down to the fringe benefits more than the specific intro offer. Many of the best balance transfer cards also offer rewards, and while you won’t earn rewards on your transferred balance, you can still earn cash back, points, or miles, for every qualifying purchase you make with your card.
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Best Balance Transfer Cards with 0% Intro APRs
If your primary concern is finding the best balance transfer offer, regardless of perks and rewards, you’re likely more concerned with the length of the card’s introductory period than its cash back rate. At the same time, since so many great balance transfer intro offers will also apply to new purchases (to varying extents), you may want to consider the purchasing power of your card.
Regardless of the specific nature of your card, you should look into any applicable fees before you apply. The vast majority of credit cards charge a flat-rate balance transfer fee, typically 3% to 5% of the total transferred balance. Many cards will also charge an annual fee, particularly if the card offers valuable rewards.
Our top-rated picks for balance transfer cards include a number of annual-fee-free options.
Additional Disclosure: Citi is a CardRates advertiser. Additional Disclosure: Citi is a CardRates advertiser.4.8
4.8
4.8
+See More Balance Transfer Cards
Another thing to investigate before you apply is the default balance transfer interest rate, which is what you’ll be charged for any remaining balance after the introductory period has ended. These default rates tend to be fairly high (especially when compared to 0%) and can catch you unawares if you’re not careful to repay your transferred balance in time.
On the plus side, most non-store credit cards offer real 0% interest financing instead of charging deferred interest, which means you only accrue interest on your remaining balance after your promotional period ends.
Best Balance Transfer Cards with Cash Back
Your options for cash back programs will include cards that offer only a flat-rate cash back percentage, or programs that offer bonus cash back for purchases in specified categories. While programs with bonus categories tend to have relatively low rewards rates for non-bonus purchases, these programs can be very valuable if your spending falls into the right categories.
4.8
- 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, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% - 28.24%, 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).
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
N/A
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0% 18 months on Balance Transfers
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18.24% - 28.24% (Variable)
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$0
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Excellent/Good/Fair
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Additional Disclosure: Citi is a CardRates advertiser.
4.9
- $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/furnishings 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%. Balance transfers may not be used to pay any account provided by Bank of America.
- 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.
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
0% Intro APR for 15 billing cycles for purchases
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0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
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18.24% - 28.24% Variable APR on purchases and balance transfers
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$0
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Excellent/Good
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Additional Disclosure: Bank of America is a CardRates advertiser.
4.8
- Limited Time Intro Offer: Earn a $250 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Enjoy 5% cash back on travel purchased through Chase TravelSM, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.99% – 28.49%.
- No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
0% Intro APR on Purchases 15 months
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0% Intro APR on Balance Transfers 15 months
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18.99% – 28.49% Variable
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$0
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Good/Excellent
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Another thing to keep an eye out for are lucrative signup bonuses, which can earn you hundreds in bonus cash back. Signup bonuses are the quickest way to earn a boatload of rewards from the start, especially if you have a big purchase coming up that can help you easily reach the amount needed to receive the bonus.
Remember, though, that balance transfers do not qualify for rewards or count toward your signup bonus spending threshold.
Best Balance Transfer Cards with Airline Miles
Whether you like sandy beaches or snow-capped peaks, the only thing that can really top a destination vacation — is a free destination vacation. Enter the magic of travel miles.
As with other types of credit card rewards, cards offering miles allow you to earn a specific number of miles for each dollar spent on your card. Miles are often redeemable for airline fare, hotel stays, and a variety of other travel expenses.
When comparing cards that come with travel rewards and a balance transfer offer, you will likely need to choose between having a higher balance transfer APR or paying an annual fee. The following card is one of the few miles cards offering a current balance transfer promotion.
4.5
- Earn 40,000 Travel Miles after spending $500 on purchases and paying the annual fee in full, both within the first 90 days of account opening. Earn 20,000 Travel Miles after spending $2,000 on purchases within the first 180 days.
- Earn 5X miles on eligible purchases at flyfrontier.com, 3X miles on restaurant purchases, and 1X miles on all other purchases
- 0% intro APR for 15 months on balance transfers made within 45 days of account opening (balance transfer fee applies), then a variable APR applies
- Earn a $100 flight voucher every account anniversary after spending $2,500 or more on purchases with your card during your card membership year
- Cardmembers enjoy Zone 2 priority boarding
- $99 annual fee
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
N/A
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0% for 15 months
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20.24% - 29.99% Variable APR
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$99
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Good
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Many cards offering travel rewards will also come with signup bonuses, which can be worth tens of thousands of points if you can meet the spending requirement. But remember not to make purchases you can’t pay off simply to earn a signup bonus, as you can quickly end up in the red once interest fees start piling up.
Best Balance Transfer Cards with Rewards Points
Credit cards that offer rewards points tend to have flexible redemption options. In many cases, points can be redeemed for cash back and gift cards, or for travel-related expenses — or for something else entirely. Most points programs provide a flat-rate point-per-dollar earnings system, though some will award bonus points for specified categories, such as gas station or restaurant purchases.
Although the per-point value of your rewards will vary by issuer, it may also change based on how you redeem your rewards. For example, redeeming for cash or gift cards may provide more per-point value than redeeming for merchandise through the issuer’s redemption portal.
It is a little easier to choose between our top picks in this category. They both have the same rewards program and offer similar balance transfer terms and no annual fees.
4.9
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases.
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire as long as your account remains open.
- Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.
- Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- 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%. Balance transfers may not be used to pay any account provided by Bank of America.
- If you’re a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases. You could earn 3.75-5.25 points for every $1 you spend on travel purchases made through the Bank of America Travel Center.
- 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.
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
0% Intro APR for 15 billing cycles for purchases
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0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
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18.24% – 28.24% Variable APR on purchases and balance transfers
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$0
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Excellent/Good
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Additional Disclosure: Bank of America is a CardRates advertiser.
4.7
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases.
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire as long as your account remains open.
- Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.
- Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- 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%. Balance transfers may not be used to pay any account provided by Bank of America.
- When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- 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.
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Intro (Purchases)
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Intro (Transfers)
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Regular APR
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Annual Fee
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Credit Needed
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|---|---|---|---|---|
0% Intro APR for 15 billing cycles for purchases
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0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
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18.24% – 28.24% Variable APR on purchases and balance transfers
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$0
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Excellent/Good
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Additional Disclosure: Bank of America is a CardRates advertiser.
+See More Rewards Points Cards
Perhaps the most important thing to remember about your rewards points is that you need to spend them to get the value out of them. While this may seem like an obvious part of the process, nearly one-third of cardholders don’t redeem their card rewards, which simply wind up back in the pockets of the issuers.
Save a Fortune with the Right Balance Transfer
No matter how well-balanced the budget, most of us can definitely use an extra $1,830 a year to put toward paying off debt or to save for retirement. So, rather than spend that money on those high-interest credit cards, qualified consumers can enjoy a year or more interest-free with the right balance transfer credit card offer.
The key to successfully using balance transfer offers to avoid interest fees is to pay off your balance before the end of your introductory period. This will ensure you aren’t stuck paying inflated interest fees when the default interest rate kicks in.
Another option is to transfer the balance to a new balance transfer credit card with a 0% APR offer. Just remember that each balance transfer will likely incur a new balance transfer fee.
Advertiser Disclosure
CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.
Editorial Note: Our site content is not provided or commissioned by any credit card issuer(s). Opinions expressed on CardRates.com are the author's alone, not those of any credit card issuer, and have not been reviewed, approved, or otherwise endorsed by credit card issuers. Every reasonable effort has been made to maintain accurate information; however, all credit card offer details, including information about rewards, signup bonuses, introductory offers, and other terms and conditions, is presented without warranty. Clicking on any offer on CardRates.com will direct you to the issuer's website, where you can review the current terms and conditions of the offer.
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