Best 5 Credit Card Balance Transfer Offers for Debt Relief

Top 5 Credit Card Balance Transfer Promotions

If outstanding credit card debt is piling up with high interest, balance transfer offers provide an effective solution. They enable you to shift your existing balances onto a new card with a low or zero interest period, giving you time to pay off your debt. Typically, balance transfer cards feature a 0% introductory APR and charge a small transfer fee, either a percentage of the transferred amount or a flat rate. Understanding these offers can help you save money and clear debt faster.

To utilize these offers, transfer your high-interest balances to a new card and set a plan to pay it off during the introductory period.

American Express Blue Cash Preferred Card

If you're seeking a card that combines balance transfers with everyday rewards, this card is worth considering. It offers 6% cashback at U.S. supermarkets, 3% at gas stations and select department stores, with specific terms. To maximize benefits, pay off transferred balances within the introductory period; otherwise, interest applies.

This card allows cashback accumulation even after the balance is paid off, rewarding you with ongoing benefits. While it lacks a long introductory APR, its high cashback rates make up for it.

Bank of America’s BankAmericard

Backed by Bank of America, this card is ideal for those avoiding upfront costs. It offers a 0% introductory transfer fee for the first 60 days and only a 3% fee afterward. Plus, enjoy 15 billing cycles of 0% APR on balance transfers without penalty APR for late payments. It’s perfect for large or multiple balances. To get maximum value, aim to pay off the balance within 15 months. Check your credit score via FICO reports through online or mobile banking. Although it lacks rewards, its low fees are beneficial for sizeable transfers. For rewards, consider the Discover it card.

Discover it – 18-Month Balance Transfer Deal

This card balances transfer flexibility and earning rewards. It provides 18 months of 0% APR on balance transfers and offers up to 5% cashback each quarter on categories like gas, groceries, and clubs, subject to quarterly limits. The extended interest-free period and no annual fee make it a top choice for debt repayment and rewards collection.

With an ongoing variable APR of 11.99%-23.99%, focus on paying down transfers during the introductory period. Keep the card active to monitor your FICO score. Best suited if rewards outweigh transfer fees—if avoiding fees is priority, Chase Slate is an alternative.

Chase Slate

Most balance transfer cards charge 3-5% fees; Chase Slate stands out with a $0 transfer fee if used within 60 days of account opening. Pay off as much as possible during the intro period to save on interest. It does not allow transfers from existing Chase accounts nor offers rewards, focusing solely on debt reduction. A straightforward choice for those wanting to eliminate high-interest debt quickly.

Citi Simplicity – No Late Fees Ever

Enjoy 21 months of 0% APR on balance transfers with this card. It charges a transfer fee of 3% or $5, whichever is greater. Notably, it enforces no late fees or penalty APR, even if a payment is missed—avoiding increased debt costs. While timely payments are advised, this option provides extra security for managing finances and taking longer to pay off debt.