Best Balance Transfer Credit Cards

While it’s typically a good idea not to carry a high balance on your credit card, sometimes life hands you situations that require a little financial flexibility. A balance transfer credit card may be just the solution you need to get out of a financial bind. A balance transfer card allows you to pay off one (or more) credit cards with a new, which is a smart choice if you can get a lower APR. 

Our team has compiled the list below of the best balance transfer credit cards of 2019.

Best balance transfer card for diligent spenders: Citi Double Cash®

Citi® Double Cash Card
Citi® Double Cash Card
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Why it’s best

With 2% cash back, the Citi Double Cash credit card is a great option for people who use their card for everyday purchases and make their payments in full each month – the card earns rewards on every purchase. While no rewards are earned for a balance transfer, there is an introductory offer for those who qualify.

This card is the best option for people who know they can pay off their balance within a few months and don’t have plans to carry a long term balance; otherwise significant interest can rack up once the 18 month period is up. With 2% cash back, the Citi Double Cash credit card is a great option for people who use their card for everyday purchases and make their payments in full each month – the card earns rewards on every purchase. While no rewards are earned for a balance transfer, there is an introductory offer for those who qualify.

Bonus Points

  • Double cash back: 1% cash back when you spend, 1% when you pay
  • 0% intro APR for balance transfers; 16.24%-26.24% after 18 months
  • No annual fee

Best balance transfer card for people serious about paying off debt: U.S. Bank Visa® Platinum

U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card
0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 13.99% – 24.99%.

Why it’s best

The U.S. Bank Visa Platinum card has a lot to give with its lengthy introductory offer. Take a couple of more months than average to pay off those high balance transfers, and get your credit back in tip top shape.  Add to that, you can select your own payment date. And, it has no annual fee. 

Bonus Points

  • 0% intro APR for purchases and balance transfers for 20 billing cycles, 14.49%-25.49% after
  • $600 in cell phone coverage insurance when you pay your phone bill with your card

Best balance transfer card for entrepreneurs who travel: HSBC Gold Mastercard®

HSBC Gold Mastercard® credit card
HSBC Gold Mastercard® credit card
0% Intro APR on purchases and balance transfers for the first 18 months from account opening. Then a variable APR of 12.99% – 20.99% will apply.

Why it’s best

When you’re on the go frequently, meeting with potential investors and board executives, you want a credit card that works for and protects you. The HSBC Gold Mastercard is the perfect travel credit card for entrepreneurs and smart travelers. They offer travel benefits beyond the usual, like savings on airport services and one-of-a-kind experiences in the city you’re visiting.

With an introductory offer that is extended to both purchases and balance transfers, this is the perfect card to save you money, time and travel hassle. And if you’re late for a payment because you’re traveling, don’t worry about it. They offer a valuable late fee waiver.    

When you’re on the go frequently, meeting with potential investors and board executives, you want a credit card that works for and protects you. The HSBC Gold Mastercard is the perfect travel credit card for entrepreneurs and smart travelers. They offer travel benefits beyond the usual, like savings on airport services and one-of-a-kind experiences in the city you’re visiting.

Bonus Points

  • 0% introductory APR for 18 months, 13.24 – 21.24% variable thereafter
  • Travel benefits, like rental damage coverage and no foreign transaction fees
  • Late fee waiver and no penalty APR

Best balance transfer card for chefs who like to maximize their points: American Express® EveryDay®

Amazon Prime Rewards Visa Signature Card
Amazon Prime Rewards Visa Signature Card
5% back at Amazon.com and Whole Foods Market with eligible Prime membership*.

Why it’s best

The Amex EveryDay Card is one of the best balance transfer credit cards for earning rewards. In addition to the points being doubled at supermarkets, there is an introductory offer of 20% more points if you use your card 20 times in a billing cycle. That’s a lot of extra points just for using your credit card to buy the things you already buy for your passion. That makes it one of the best cards for people who like to earn and spend points, especially on ingredients.

There is an introductory balance transfer offer for people who qualify, so you can get up to 15 months at 0% APR, with APRs after that ranging from 14.99% to 25.99%.  With perks like these, you can pay off your balance but still use the card for it’s rewards afterward.

Bonus Points

  • No annual fee
  • 15,000 points with $1,000 in purchases in first 3 months
  • Bonus categories available

Best balance transfer card for teachers who like cash rewards: Wells Fargo Cash Wise Visa®

Wells Fargo Cash Wise Visa® card
Wells Fargo Cash Wise Visa® card
Earn a $150 cash rewards bonus after spending $500 in the first 3 months.

Why it’s best

The Cash Wise Visa is a credit card made for people who like getting cash rewards for their spending –  with 1.5% cash back on all purchases. This is one of the higher standard reward rates offered by the best balance transfer cards. The Cash Wise Visa, offered by Wells Fargo, also offers a 15 month 0% APR introductory period on balance transfers for those who qualify.

The cash rewards have no restrictions and no quarterly requirements, making it one of the most flexible reward programs available.There is no annual fee, either. 

Bonus Points

  • $150 cash reward after $500 minimum purchase in first 3 months
  • Unlimited 1.5% cash back rewards on all purchases
  • 0% APR on balance transfers for 15 months, then 16.24%-28.24% APR

Best balance transfer card for roadtrippers: Discover it® Balance Transfer

Discover it® Balance Transfer
Discover it® Balance Transfer
Intro Offer: Discover will match all the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.

Why it’s best

With the highest cash back rewards of all the credit cards on the list, the Discover it card is a great option for people who like to hit the road: each quarter, via rotating categories, it offers 5% cash back at gas stations, grocery stores and restaurants, plus 1% cash back on all other purchases. 

Take 14 months to pay off your balance transfer, meanwhile earning big rewards on your regular spending – if you’re a road warrior, Discover is bound to have a category for you.

Bonus Points

  • Cash back match at the end of your first year, automatically applied
  • 0% intro APR on purchases and balance transfers, then 14.24%-25.24% APR after 14 months

Best balance transfer card for parents on a budget: Citi Simplicity®

Citi Simplicity® Card
Citi Simplicity® Card
No Late Fees, No Penalty Rate, and No Annual Fee… Ever.

Why it’s best

The Citi Simplicity card has the longest introductory period for balance transfers, making it one of the best options for people who need a reprieve from interest payments for a while. If you’ve racked up back to school bills, the Citi Simplicity is one of the best balance transfer credit cards available – use it to consolidate your spending and save some money with the introductory APR offer.

With the Citi Simplicity, you have the option to choose your payment due date. That’s a convenient feature for people on a strict budget.

Bonus Points

  • 0% intro APR for 21 months on balance transfers, then 16.99%-26.99% APR after that
  • 0% intro APR for 12 months, from account opening, on purchases
  • No late fees, no penalty payments, no annual fees

Best balance transfer card for coupon-clipping moms: Chase Freedom®

Chase Freedom®
Chase Freedom®
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Why it’s best

The Chase Freedom card offers a 0% introductory APR on balance transfers and purchases, with the APR ranging from 17.24% to 25.99% after 15 months. That makes it a great option for people who plan to get their balances paid off within a year or so. However, with a competitive rewards structure and used responsibly, the Freedom is a good card to hold onto even after your balance is paid off.

If you’re on a tight budget, this card ramps up rewards quarterly to 5% in certain categories, so you can be deliberate about where you’re spending.  Keep your finances organized and get rewarded for it at the same time.

Bonus Points

  • $150 bonus after spending $500 in first 3 months
  • No annual fee
  • 5% cash back in certain categories on up to $1,500 in combined purchases each quarter, 1% thereafter.  1% on general purchases.

Best balance transfer card for international travelers: Capital One® Quicksilver®

Capital One® Quicksilver® Cash Rewards Credit Card
Capital One® Quicksilver® Cash Rewards Credit Card
One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

Why it’s best

With no foreign transaction fees, the Capital One Quicksilver card is a great choice for people who are going to be traveling overseas. The unlimited cash back rewards make it an appealing choice for anyone who likes to save a little money on all of their purchases, and the $0 annual fee is an enticing offer, as well. International travelers will benefit from having this card in their pocket.

The Quicksilver card has a 0% introductory APR offer on purchases and balance transfers, with the APR being 16.24% to 26.24% after 15 months.

Bonus Points

  • Unlimited 1.5% cash back on all purchases
  • $150 bonus after spending $500 in first 3 months
  • No foreign transaction fee

Miranda Birt

Personal finance writer and small business underwriter in the technology space.

Miranda lives in Austin, Texas with her dog, Violet. Her hobbies include camping, hiking, and creating art.