Top Balance Transfer Credit Cards to Save Money in 2024
Explore the best balance transfer credit cards of 2024 that help lower interest rates and pay off debt more efficiently. With extended 0% APR periods and favorable fees, these options can ease your financial burden. Eligibility generally requires a good credit score, but these cards provide significant savings on interest payments, making debt management more straightforward and affordable.
Top Balance Transfer Credit Cards to Save Money in 2024
Using balance transfer credit cards can help you shift existing debt from high-interest cards to ones with lower rates, reducing overall interest costs. High-interest credit cards can significantly impact your finances due to hefty interest and payment obligations. Transferring balances to a lower-interest card allows you to free up cash and address other financial priorities. However, eligibility often depends on a good credit score. These cards offer extended 0% interest periods, making debt repayment more manageable and saving you money over time.
Some leading balance transfer credit cards available now include:
Discover it 0% APR Card: Offers 0% interest on balance transfers for up to 18 months, with a transfer fee of 3%. The ongoing variable rate ranges from 11.99% to 23.99%. It also features a 0% introductory APR for the first six months.
Bank of America BankAmericard: Provides a 15-month window of 0% balance transfer fees for transfers within the first 60 days. Afterward, a 3% fee applies. The ongoing rate varies from 12.99% to 22.99%, with a penalty APR of 29.99%. The introductory rate is also available for the first 15 days.
Barclaycard Ring: Includes a 15-month 0% APR on new accounts and transfers made within 45 days. It features no annual fee, no cash advance APR, and a variable ongoing APR of 13.99%.
Other notable options include American Express Blue Cash, Citi Simplicity, Chase Slate, and Wells Fargo Platinum Visa, among others.
