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Best Balance Transfer Credit Cards

Many consumers face the problem of having to make payments on several different credit cards every month. It can be a real chore to deal with all these bills, especially if each bill is due at a different time during the month. Wouldn’t it be nice to consolidate this debt onto one single card, and just make payments on that? Wouldn’t it be even nicer to get a full year of zero interest on this debt? Believe it or not, this is exactly what is being offered by the best balance transfer credit card offers on the market today. If you apply and get accepted for one of these cards, you can transfer your balance from your existing cards for free, and then you have 12 months, or even longer in some cases, of zero percent interest on this balance. So if you are serious about using credit card debt consolidation to pay off your existing credit card debt, this is definitely a great way to go.

The best of these credit cards will also offer low interest rates after the introductory 12 month period is over. After all, you don’t want to be stuck with the same high interest payment problem you had to begin with. If you are going to use the card to make new purchases, you want those purchases to be as inexpensive as possible in terms of interest payments. And once you have paid off your debt, you’ll also want the card to give you some cash back rewards.

We looked at a number of balance transfer credit card offers and whittled down the list to the three offers we like best. Each of these offers 0% APR for at least 12 months, low APR after that, and some rewards as well. Here are the three we recommend:

Best Balance Transfer/Consolidation Credit Card:
Discover More Card. This card gives you an introductory 0%APR for a full 12 months, so you can transfer your existing debt to this card and pay it off over a year with no interest charges! After 12 months, the interest rate is only 10.99%, which is still a great deal. This card also lets you earn 5% cash back on certain categories that change 4 times a year (such as gas, movies, groceries, etc.) and gives you up to 1% cash back on all your other purchases. Combine all this with no annual fee and you have our top choice for a balance transfer card.

Best American Express Balance Transfer Card
Blue From American Express. This AMEX card has an introductory 0%APR for up to 15 months, depending upon your personal credit history, and a low fixed APR of 4.99% on balance transfers after that. This card doesn’t offer nearly as many rewards as the Discover More Card, but it can be a great alternative if you qualify. The interest rate after the introductory period is 11.49% on new purchases, and there is no annual fee.

Best Visa Balance Transfer Card
Chase Platinum Visa Card. Since this is a Visa card, it is the most widely accepted of our three favorite balance transfer cards. It offers an introductory APR of 0% for the first 12 months, and an interest rate as low as 13.49% after that. If you want the flexibility of a Visa card combined with a long term 0% APR, this is the card for you.