What is the best credit card for balance transfers... - Balance Transfers Questions


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Credit Card Applications » Questions » User Questions » Balance Transfers » What is the best credit card for balance transfers with good credit?

What is the best credit card for balance transfers with good credit?

Answered on | Updated on February 9th, 2018
The content is accurate at the time of publication and is subject to change.

If you are planning to keep this card after the transferred balance is paid off, then you may like the Discover it® Balance Transfer credit card. With this card, you will have 18 months to transfer and to pay off the card balance at 0% intro APR. The balance transfer fee is 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. When the 0% intro APR is over, your ongoing interest rate will be 14.24% – 25.24% Variable. The card has no annual fee and allows to earn cash back on all purchases: up to 5% in specific categories that change each quarter (on up to the quarterly maximum, you need to sign up each quarter) and 1% back on all other purchases. You will need to enroll to be able to earn 5% cash back, and there is a quarterly limit.

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    The standard balance transfer fee is 3% of the amount transferred. The longest introductory period you can get with that balance transfer fee is 18 months. For example, the Discover it Balance Transfer and Citi Double Cash will give you 18 months of 0% intro APR on balance transfers. Both cards are rewards credit cards, but please note that balance transfers do not earn rewards. So if you want to earn rewards on your balance transfer, you won’t be able to do it.

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Intro APR on Balance Transfer: 0% 12 months on Balance Transfers

Ongoing APR on Balance Transfer: 15.74% - 25.74% (Variable)

Balance Transfer Fee: 3% of each balance transfer; $5 minimum.

Excellent, Good Credit

Intro APR on Balance Transfer: 0% (first 12 billing cycles following each balance transfer that posts to your account within 45 days of account opening)

Ongoing APR on Balance Transfer: 18.24%, 22.24% or 25.24% variable based on your creditworthiness

Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater

Good/Excellent Credit
See Rates & Fees

Intro APR on Balance Transfer: 0% Intro APR for 12 months

Ongoing APR on Balance Transfer: Variable APR of 15.24%, 19.24% or 25.24%

Balance Transfer Fee: Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check

Good, Excellent Credit
See Rates & Fees

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