Balance Transfer Credit Cards
Consumers can consolidate their credit card debt onto one card and sometimes save significant money on interest charges. These balance transfer cards have attractive introductory or promotional rates. Be sure to look at each card's "More Info" page to become familiar with the card's balance transfer fee and the interest rate charged on additional purchases. Our objective opinion is included on each card.
1. Discover® More Card
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| Interest Rate: | 11.99% - 20.99% (V)** |
|---|---|
| Intro Rate: | 0% Intro APR* |
| Grace Period: | 25 Days (Min.) |
| Credit Limit: | n/a |
| Annual Fee: | None |
Special Offers: *0% intro APR on balance transfers for a full 15 months, and 0% intro APR on purchases for a full 6 months. See terms and conditions for complete details.
Our Opinion: Created for those with very good credit who want a cash reward card. Enroll to earn 5% Cashback Bonus® in rotating categories like travel, gas, restaurants, home, apparel, and movies (categories rotate every 3 months). Those who spend up to $1,500 on general purchases will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a 1% rebate.* Redeem in $50 increments; no limit for amount earned. Double your Cashback Bonus® when you redeem points with partners such as AMC Theaters, Borders Books and Music, Pier 1, Gap and Red Lobster. Benefits include travel accident insurance, auto rental insurance, and various security and fraud protection services. 15-month intro period for balance transfers but the balance transfer fee is 5%. This card will benefit those who pay off their balance each month, spend at least $3,000 a year (to receive the 1% cash rebate) and use their cashback awards at participating retailers (to receive double cash rebates).
2. Citi® Platinum Select® MasterCard®
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| Interest Rate: | 11.99% - 19.99%* (Variable)* |
|---|---|
| Intro Rate: | 0% Intro APR* |
| Grace Period: | 20 Days (Min.) |
| Credit Limit: | n/a |
| Annual Fee: | None |
Special Offers: 0% Intro APR for 18 Months on Balance Transfers*, and 0% Intro APR for 12 Months on Purchases*
Our Opinion: An attractive card if you have good or excellent credit. One of the best intro rates available for balance transfers--0% interest rate for 18 for balance transfers and 0% for 12 months for purchases. No annual fee. Balance transfer fee is 5% ($10 minimum, no maximum). Cardholder benefits are average compared to other platinum cards and include auto rental insurance, fraud protection services, and retail protection insurance. (Not designed for applicants with average or poor credit).
3. Citi® Diamond Preferred® Rewards Card
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| Interest Rate: | 12.99% - 20.99%* (Variable)* |
|---|---|
| Intro Rate: | 0% Intro APR for 12 Months* |
| Grace Period: | 20 Days (Min.) |
| Credit Limit: | n/app |
| Annual Fee: | None |
Special Offers: 0% Intro APR on for 12 months* on Purchases and Balance Transfers
Our Opinion: Created for those with good credit who want a rewards card. Earn 5 points per $1 spent on purchases made at drugstores, gas stations, and supermarkets for first 12 months of membership, then 1 point per $1 spent. 1 point per $1 spent on all other purchases. Earn up to 75,000 points per year. Redeem 6,000 bonus points for a $50 gift card if you spend $300 on the card within the first three months of the account. The balance transfer fee is 5%, $10 min. Standard benefits include a price protection program and $0 liability on unauthorized purchases.
4. Citi® Dividend Platinum Select® MasterCard®
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| Interest Rate: | 12.99% - 20.99%* (Variable)* |
|---|---|
| Intro Rate: | 0% Intro APR for 15 Months* |
| Grace Period: | 20 Days |
| Credit Limit: | n/app |
| Annual Fee: | None |
Special Offers: 0% Intro APR for 15 months* on Balance Transfers
Our Opinion: Created for those with good credit. Earn 1% cash back on eligible purchases and cash advances. Earn $5 cash back on balance transactions of $1,500 or more. 5% cash back at restaurants and on car rentals and hotels from 7/1/10 to 9/30/10. 0% intro rate for balance transfers but the balance transfer free is 5%, $10 minimum.
5. Capital One® Platinum Prestige
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| Interest Rate: | 11.90% Variable* |
|---|---|
| Intro Rate: | 0% APR on Purchases and Balance Transfers Until July 2011 |
| Grace Period: | 25 Days |
| Credit Limit: | N/A |
| Annual Fee: | None |
Special Offers: A 0% introductory rate is available on purchases and balance transfers until July 2011. See terms and conditions for complete details.
Our Opinion: Created for those with excellent credit. No annual fee, low interest rate, and 0% APR on purchases and balance transfers. Benefits include warranties for purchases, auto rental insurance, and roadside assistance and travel accident insurance. No fee for international transactions. Good option for those who are transferring a balance from a higher rate. Click "Apply Now" to apply online or call 877-834-4206.
6. Slate℠ from Chase
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| Interest Rate: | 13.24%, 17.24%, 22.24%* |
|---|---|
| Intro Rate: | 0% APR for up to 12 Months* |
| Grace Period: | 20 Days (Min.) |
| Credit Limit: | Data |
| Annual Fee: | None |
Special Offers: *For Elite and Premium Pricing, the intro APR for purchases and balance transfers is 0% for the first 12 billing cycles. For Standard Pricing, the intro APR for balance transfers is 0% for the first 6 billing cycles.
Our Opinion: Slate with Blueprint (SM) gives you the ability to design your own payment plan. There are four ways to pay off your balance--Full Pay, Split Pay, Finish It and Track It. Full Pay allows you to avoid paying interest on everyday items, such as gas and groceries, when you pay them in full each month. These are automatically separated on your billing statement. Split Pay allows you to pay off larger purchases on your own terms, you set a goal date or monthly payment and these items will be separated on your statement. Finish It enables you to pay down your total balance faster by selecting a goal date or monthly payment. Track It allows you to see your spending trends and monitor your payment progress in real time. Length of intro period is determined by your application and credit history. If you qualify for Elite and Premium Pricing, you will receive a 0% APR on purchases and balance transfers for the first 6 billing cycles following the opening of the account. If you qualify for Standard Pricing, you will receive a 0% APR on balance transfers for the first 6 billing cycles of the account opening.
7. Chase Freedom℠ Visa
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| Interest Rate: | 12.99% - 22.99% (V)* |
|---|---|
| Intro Rate: | 12 months on balance transfers, 6 months on purchases* |
| Grace Period: | 20 Days (Min.) |
| Credit Limit: | n/app |
| Annual Fee: | $9999 |
Special Offers: 0% APR for 12 Months on Balance Transfers. After that, the APR for Balance Transfers is 12.99% to 22.99%, based on your creditworthiness. 0% APR for 6 Months on Purchases.
Our Opinion: Created for those with good or excellent credit who want a cash rewards program. Earn 5% cash back in rotating categories such as gas, home improvement and department stores, subject to quarterly maximum. Earn a 1% rebate per $1 for all other purchases. Cash rebates never expire. 5% fee for balance transfers and cash advances. 3% fee for international transactions.
8. Miles by Discover® Card
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| Interest Rate: | 10.99% - 16.99% (V)** |
|---|---|
| Intro Rate: | 0% Intro APR* |
| Grace Period: | 25 Days (Min.) |
| Credit Limit: | n/a |
| Annual Fee: | None |
Special Offers: *There is a 0% introductory APR on purchases and balance transfers for 6 months. See terms and conditions for complete details.
Our Opinion: Created for those with very good credit who want a travel reward card with a low interest rate. Earn 1 mile per $1 spent on regular purchases.* Earn double miles on up to $3,000 in travel and restaurant purchases. Redeem miles for reduced or free airfare most major U.S. airlines (no blackout dates). Cardholders earn 1,000 bonus miles in every month that they make a purchase during the first year of membership (up to 12,000 miles). Earn up to 60,000 miles per year. Redeem 30,000 miles for round-trip coach ticket. You can also redeem miles for cash, travel and merchandise or gift cards . Benefits include travel accident insurance (up to $500,000), and auto rental insurance. This card will benefit those who will spend over $3,000 per year (to get the 1% cash rebate), and will pay in full each month.
9. Simmons First Visa Platinum Rewards
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| Interest Rate: | 9.25% Variable* |
|---|---|
| Intro Rate: | None |
| Grace Period: | 25 Days |
| Credit Limit: | N/A |
| Annual Fee: | None |
Special Offers: No transaction fee for balance transfers.
Our Opinion: Created for those with excellent credit who want a choice of rewards. Receive 1 point per $1 spent with this card. Redeem points for a flight on any U.S. based airline, no black out dates, and choice of ticket class. May also redeem points for hotels, cruises, vacation packages, restaurants, and car rental. Benefits include travel insurance and car rental insurance.
10. Discover® More Card - Black
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| Interest Rate: | 11.99% - 20.99% (V)** |
|---|---|
| Intro Rate: | 0% Intro APR* |
| Grace Period: | 25 Days (Min.) |
| Credit Limit: | n/a |
| Annual Fee: | None |
Special Offers: 0% intro APR on balance transfers for a full 12 months, and 0% intro APR on purchases for a full 9 months. See terms and conditions for complete details.
Our Opinion: Created for those with very good credit who want a cash reward credit card. cardholders earn a 5% Cashback Bonus® in categories such as travel, gas, restaurants, movies, and more. Cardholders also earn up to 1% for general purchases and up to 1% Cashback Bonus on all other purchases automatically. 1% will only be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. Earn unlimited rebates. Rebates do not expire if the account is active within a 36-month period. Benefits include up to $500,000 in travel accident insurance, auto rental insurance, fraud and protection services. Those who plan to spend over $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates), and plan to pay in full each month(to avoid costly finance charges) will benefit most from this card.
11. IberiaBank Visa® Platinum Rewards Card
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| Interest Rate: | 9.25%, 12.25%, or 15.25%** |
|---|---|
| Intro Rate: | 1.99% APR for 6 Months |
| Grace Period: | 25 Days |
| Credit Limit: | n/a |
| Annual Fee: | None |
Special Offers: Low Introductory APR on balance transfers for your first 6 billing cycles. Applies to balance transfers processed within three months of your account open date.
Our Opinion: Created for those with very good credit who will use the reward program. Earn 1 point per $1 spent. Use points for travel and gift certificates for participating merchants. Low interest rate for purchases and cash advances, for those who qualify. Assigned Purchase and Cash Advance APR may vary depending on your creditworthiness and other factors.
12. PenFed Promise Visa Card
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| Interest Rate: | 9.99%* |
|---|---|
| Intro Rate: | 7.49% APR introductory purchase APR for first 36 months |
| Grace Period: | 25 days |
| Credit Limit: | None listed |
| Annual Fee: | None |
Special Offers: 7.49% APR introductory purchase APR for first 36 months
Our Opinion: 7.49% APR introductory purchase APR for first 36 months After that, the APR will vary with the Prime Rate, that is currently 9.99% APR. No-fee cash advances with a 17.99% APR. No fees (includes balance transfers, cash advances, international transaction fee, late payment fee, etc.)
13. PenFed Visa Platinum Cashback Rewards
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| Interest Rate: | 13.99%* |
|---|---|
| Intro Rate: | 4.99% APR promotional rate for online transfers for 24 months . |
| Grace Period: | 25 days |
| Credit Limit: | None listed |
| Annual Fee: | None |
Special Offers: 4.99% for Online Balance Transfers for 24 months
Our Opinion: Reward card for people with good credit. Earn 2.00% cash back on supermarket purchases. Earn 5.00% cash back from gas purchases paid at the pump. Earn 1.00% cash back from all purchases. $50,000 limit each year. 2.5% balance transfer fee waived through June 30. Does not charge an international transaction fee.
14. PenFed Premium Travel Rewards American Express® Card
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| Interest Rate: | 13.24%* |
|---|---|
| Intro Rate: | 4.99% Promotional Rate for Online Transfers for 24 months |
| Grace Period: | 25 days |
| Credit Limit: | None listed |
| Annual Fee: | $50 |
Special Offers: 4.99% for Online Balance Transfers for 24 months
Our Opinion: Earn five points per $1 spent on every $1 spend on airfare purchases. 1 point per $1 spent on all other purchases. Until December 31, 2010, earn 3 points for every $1 spent on dining and hotel stays. Spend $650 in first three months and you can receive 20,000 points, enough for a free round trip ticket. $50 annual fee. No fee for international transactions.
15. Capital One® Platinum - Good Credit
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| Interest Rate: | 14.9% Variable* |
|---|---|
| Intro Rate: | 0% on Purchases and Balance Transfers Until July 2011 |
| Grace Period: | 25 Days |
| Credit Limit: | N/A |
| Annual Fee: | None |
Special Offers: A 0% introductory rate is available on purchases until July 2011. See terms and conditions for complete details.
Our Opinion: Created for those with above average credit. Reasonable interest rate. Benefits include extended warranties for purchases. Does not charge an international transaction fee. Click "Apply Now" to apply online or call 877-834-4206.
