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Balance Transfer Cards

Save Money with Low Cost Balance Transfer Cards

What to Look for in a Balance Transfer Card

Low or no annual fees, at least a 25 day grace period and a low interest rate are essential.

If possible, you want to stay away from cards that use "two-cycle" billing and the "universal default clause", but you'll have to read the fine print to determine if any specific lender does (and it appears more and more do).

Since the main reason to use a balance transfer card should be to get a lower interest rate than you are currently paying, your first choice should be a zero or low APR for the life of the transfer.

For example, the Chase Platinum Visa® Card offers a zero APR for twelve months. But Blue from American Express® offers a 4.99% APR for the life of the loan.

Next you want to know how much your APR will jump if you can't pay off the transfer in the time granted by the introductory offer. And you also need to find out if there are additional borrowing requirements; for example must you make a certain minimum charge every month after the transfer to continue to receive the low introductory rate.

And if, for example, the APR at the end of the introductory period jumps to 14.9%, the transfer can turn out to be quite costly.

You also want to make sure there are no fees charged for the transfer itself. If the lender charges you 3% of the amount borrowed, even if limited to a maximum of $100, the deal is not so sweet anymore.

For a balance transfer to make sense, you should really be able to repay the transfer during the introductory period. If you don't think you will be able to do so, Blue from American Express is a better choice than a card with a time limited offer.

Finally beware of what might happen if you are late with a payment or somehow trip the universal default clause. Your 0% APR might magically change to a 29.99% APR overnight.

Here is a list of the top balance transfer cards. Note that the first entry, Pulaski Bank has been listed as one of the top ten consumer friendly banks in the country by Consumer Reports Magazine. Among other things this means it offers consistently low rates and doesn't use the universal default clause or two-cycle billing.

Top Balance Transfer Credit Cards

Pulaski Bank MasterCard® or VISA®

6.50% APR
0.0% Introductory APR on all balance transfers
Fixed low rate.
Best Credit Card Rate in the Country
No Fee balance transfers

Apply Now!

Chase Platinum Visa® Card

Save with 0% Intro APR for up to 12 months*
Free Online Reporting - Quarterly reports enable you to monitor your business spending.
No Annual Fee
Platinum Business Benefits - Valuable benefits such as Travel and Emergency Assistance, Purchase Security and Extended Protection, and Travel Accident Insurance.
Visa® Business Partner Advantage - Savings of up to 20% from leading retailers with special offers on computer equipment, office supplies and more.

Apply Now!

Blue from American Express®

Fee-Free Rewards Program
0% APR for up to 15 months
No Annual Fee
Low Balance Transfer APR - 4.99% Fixed APR for the life of the balance.
Blue is your launch pad to standout shopping and entertainment rewards and one-of-a-kind experiences.

Apply Now!

Discover® More Card

Earn more cash in more ways than anyone else^SM*
Unlimited cash rewards, automatically
Up to 20% Cashback Bonus® when you shop online*
Double rewards with more than 100 Cashback Bonus Partners*
Customer Service in less than a minute, anytime you want
0% Intro APR*
Apply Now!

Chase Free Cash Rewards^SM Visa® Card

1 point for every eligible dollar in purchases
1,000 Bonus Points after your first purchase
Intro 0% Fixed APR for up to 6 months*
No Annual Fee
Get your rewards with as few as 2,500 points
Choose from either a $25 check or a $25 gift card/certificate from leading national merchants for every 2,500 points earned

Apply Now!

Blue Cash® from American Express

Up to 5% Cash Back with Unlimited Cash Rewards
Earn unlimited cash back
0% Intro APR for 6 months
Low Balance Transfer rate - 4.99% fixed APR for the life of the balance
No Annual Fee

Apply Now!

Discover® Open Road Card

0% Intro APR*
Save at the pump and everywhere else.*
5% Cashback Bonus® on gas and auto maintenance purchases
5% to 20% Cashback Bonus at top online retailers*
Up to 1% Cashback Bonus on all other purchases
Unlimited cash rewards
Increase, even double, the value of your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners

Apply Now!

Chase Freedom^SM Cash Visa® Card

Receive $50 after you make your first purchase
3% Cash Back in your top 3 everyday spending categories
1% cash back for every $1 you spend on all other purchases
Receive an extra $50 each time you save and redeem $200 in rewards

Apply today!

American Express® Preferred Rewards Gold Card

You can earn 10,000 Membership Rewards® bonus points after your first purchase with the Card - redeemable for a $100 gift card
The Membership Rewards® program—Whatever you want to do, this is the rewards program that can help make it happen. Exciting travel, entertainment, shopping, and dining experiences are waiting for you
Gold Card Events—exclusive access to tickets for select concerts, shows, major sporting events, and more in cities nationwide
Global Assist® Plus Hotline and many more benefits included.
Purchase Protection Plan, and many more benefits included
No Pre-Set Spending Limit

Apply Now!