Best Credit Cards for Balance Transfers in 2024
Discover top credit cards ideal for balance transfers in 2024, featuring long 0% introductory APR periods, low transfer fees, and valuable perks. Perfect for consolidating debt and saving money, these cards cater to various financial goals and credit scores, helping you manage debt efficiently while earning rewards or enjoying extra benefits.
Top Credit Cards for Balance Transfers
Choosing a balance transfer card allows you to move debt from multiple credit cards to a new one with a lower annual percentage rate (APR). During the initial period, your payments go directly toward reducing the principal, helping you pay off debt faster. These cards also enable you to consolidate your loans, manage your credit more efficiently, and switch to cards with better rewards and terms.
Here are some leading options for balance transfer credit cards:
Wells Fargo Reflect Card
If you have good or excellent credit and aim to clear your debt within two years, the Wells Fargo Reflect card could be ideal. It offers a 0% introductory APR for up to 21 months from account opening, with variable rates from 15.24% to 27.24% afterward. To benefit from the initial offer, minimum payments must be made on time. The card also includes perks like cell phone protection, roadside assistance, zero liability coverage, and exclusive Wells Fargo deals.Bank of America Credit Card
Suitable for individuals with good or excellent credit, this card provides 0% APR for 18 billing cycles if you can pay off your debt within the intro period. Balance transfer rates range from 15.24% to 25.24%. New users can earn a $100 sign-up bonus by spending $1,000 within three months. The transfer fee is 3% or $10, whichever is higher. Benefits include penalty APR forgiveness, free FICO credit score monitoring, and overdraft protection.Citi Diamond Preferred Card
This card suits individuals with good credit seeking to save on interest and fees without rewards. It offers an industry-leading 21 months of 0% APR for balance transfers and purchases, with rates between 15.99% and 25.99%. The transfer fee is 5% or $5 minimum, and there’s no annual fee. Since it lacks rewards, it’s best for those focused on debt repayment without additional perks.Capital One Venture Rewards Credit Card
Ideal for frequent travelers with good or excellent credit, this card rewards 1.25 to 5 miles per dollar spent on hotel and car rentals, plus a 20,000-mile sign-up bonus. Miles can be redeemed for travel expenses and stay valid as long as your account is active. It features a 15-month 0% APR on purchases and balance transfers, with a 3% transfer fee and post-introductory APRs from 16.49% to 26.49%.Blue Cash Everyday Card
If your goal is to pay off debt quickly while earning rewards and saving, this card is a good fit. It’s estimated that users can save around $2,500 over two years. It offers a 15-month 0% introductory APR for balance transfers and is best for those with good credit who spend frequently on groceries and gas.
