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Balance Transfer Credit Card Offers

Balance transfer credit cards allow consumers to escape their high interest rate credit cards in exchange for something a little more affordable. These credit cards offer an introductory period with a low, sometimes even zero percent interest rate on all balances that are transferred from other cards… read more.

Balance Transfer Credit Card Table


Card Issuer Sort by IssuerSort by Issuer Brand  Sort by BrandSort by Brand Interest
Rate Sort by Interest RateSort by Interest Rate		 Interest
Free Sort by Interest FreeSort by Interest Free		 Annual
Fee Sort by Annual FeeSort by Annual Fee		 Transfer
Rate Sort by Balance Transfer Rate Sort by Balance Transfer Rate		 Compare Credit Cards
19.24%
per annum		 55 days
(up to)		 $24 5.99%

19.74%
per annum		 55 days
(up to)		 $280 5.99%
12.29%
per annum		 55 days
(up to)		 $49 2.99%
11.99%
per annum		 55 days
(up to)		 $55 2.99%
15.24%
per annum		 55 days
(up to)		 $89 3.99%
18.74%
per annum		 55 days
(up to)		 $49 5.99%
15.24%
per annum		 55 days
(up to)		 $89 3.99%
11.99%
per annum		 55 days
(up to)		 $55 2.99%
16.99%
per annum		 45 days
(up to)		 $0 5.99%
20.49%
per annum		 55 days
(up to)		 $229 3.9%
20.49%
per annum		 55 days
(up to)		 $149 2.9%
11.49%
per annum		 55 days
(up to)		 $49 0.99%
20.49%
per annum		 55 days
(up to)		 $89 2.9%
20.49%
per annum		 55 days
(up to)		 $250 4.9%
20.49%
per annum		 55 days
(up to)		 $149 2.9%
15.49%
per annum		 55 days
(up to)		 $65 2.9%
19.89%
per annum		 55 days
(up to)		 $79 2.9%
12.49%
per annum		 55 days
(up to)		 $58 0%
18.24%
per annum		 55 days
(up to)		 $87 7.99%
18.24%
per annum		 44 days
(up to)		 $0 7.99%
13.49%
per annum		 55 days
(up to)		 $79 0%

Balance Transfer Credit Cards (continued)

These offers can be quite prevalent, and you probably receive them regularly in your mailbox if you have a decent amount of credit card debt. This can be a great way to save money, but before you start transferring balances, you need to learn a little more about how these programs work.

Offer Is Usually Just for Balance Transfer
The low or zero percent interest rate on balance transfer credit cards is usually just on the balance that you transfer. Any purchases you make on the card or any fees that you pay for the balance transfer are going to accrue interest. Keep this in mind if you are tempted to use the card to buy something.

Not only that, but anything you pay toward your card’s balance is going to apply to the balance transfer amount first. You will not pay off your new purchases until the entire balance transfer amount is paid. This may not seem that important, but what happens during this time is your purchases are earning interest during the entire amount of time that it takes you to pay off the rest of the debt.

Interest Goes up if You Make a Mistake
If you pay your monthly statement just a day or two late, or miss one altogether, the interest rate will go up, and often quite substantially. With just one missed or late payment, you could end up with a higher interest rate than you had on your original card. Make sure you know this risk before you sign up for a balance transfer credit card.

There May Be a Fee
You may be wondering why credit card companies offer balance transfer credit cards with such low rates. After all, they are in business to make money, right? Well, these offers are in place to draw business, but they are not without their catches that help the credit card companies make money. Many balance transfer offers have balance transfer fees you will pay simply for the benefit of transferring the money. Watch out for these, because they can be quite high if your balance is high, as they are typically a percentage of the amount you transfer.

The fee may not be included in the low interest rate offer. This means that it will sit in your account accruing interest while you pay down the balance. This does not mean you can’t save money, however. If the interest rate on your current card is high enough, you will probably still save money, even if you pay a fee.

The bottom line about balance transfer credit cards is that they can help you save money, but you need to do your homework before applying. Make sure that you will save money by taking advantage of the offer, take measures to ensure that you are never late paying your monthly amount, and work hard to pay down the debt before the low interest offer expires. Then you can benefit from balance transfer credit cards as you work to manage the debt you have.

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