10 Best Balance Transfer Credit Cards for 2023

Balance transfer credit cards have introductory APR offers that give you a temporary break from interest charges and can help you manage debt. The best cards in the category will have 0% APR from 12 to 21 months.

CardCritics, GOBankingRates’ resident credit card experts, identified the best balance transfer credit cards by compiling and extensively analyzing data on all of the major credit cards available, then rating them on a 5-star rating system. The comparison factors include annual fees, APRs, sign-up bonuses, ongoing rewards, accessibility, redemption options and more. These factors were then weighted by importance to focus on key features that are most important in each specific category.

0% Intro APR for 15 months

Union Bank® Platinum™ Visa®

Union Bank® Platinum™ Visa®

5

/5

Score

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Union Bank® Platinum™ Visa®

Why we like it

The Union Bank Platinum Visa Card is a great option for those interested in balance transfers or who simply want extra time to pay off larger purchases without accruing interest charges. The card has a 0% intro APR on purchases and balance transfers for 15 months, then . Any balance transfers completed within 60 days of opening the account have a $0 introductory balance transfer fee (after that there’s a 3% fee for each transfer or minimum of $10). While the card doesn’t offer rewards, it makes up for that with the intro APR offers, lack of an annual fee and added security features.

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Balance Transfer APR

0% intro APR on balance transfers for 15 months, then

Purchase APR

0% intro APR on purchases for 15 months, then

Welcome Bonus

N/A

Annual Fee

$0

Recommended Credit Score

Excellent/Good
670-850*

Rewards

N/A

Benefits

  • Generous intro APR period
  • 24/7 card inquiry service, emergency card replacement and cash disbursement, and zero fraud liability

Pros & Cons

Intro APR for the first 15 months

No annual fee

No introductory balance transfer fee

Must apply for the card at a branch

Key Features

  • Pair your card with payment services like Apple Pay®, Google Pay™ and Samsung Pay®
  • State-of-the-art security features

No penalty APR

BankAmericard®

5

/5

Score

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Why we like it

The BankAmericard is a straightforward card for those looking to save money on interest on purchases and balance transfers. The card comes with a 0% introductory APR for 21 billing cycles for purchases and any balance transfers made in the first 60 days. After the intro APR offer ends, APR will apply. A 3% fee (minimum $10) applies to all balance transfers. There is no penalty APR, meaning rates won’t skyrocket if a payment is missed. The BankAmericard has no annual fee and offers state-of-the-art security features, access to your FICO score and digital wallet technology.

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Balance Transfer APR

Purchase APR

Welcome Bonus

N/A

Annual Fee

Recommended Credit Score

Excellent/Good
670-850*

Rewards

N/A

Benefits

  • Generous intro APR period
  • Paying late won’t automatically raise your interest rate

Pros & Cons

Intro APR for the first 21 billing cycles

No annual fee

No penalty APR

No rewards are offered

Key Features

  • Access your FICO® Score for free within Online Banking or your Mobile Banking
  • State-of-the-art security features

Unlimited 5% cash back on hotels and rental cars

Capital One SavorOne Rewards

4.8

/5

Score

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Why we like it

The Capital One SavorOne Rewards Card is a strong option for those who spend regularly on dining, entertainment, streaming services and groceries because you can earn an unlimited 3% cash back on those categories. You can also earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel and earn 10% cash back on purchases with Uber and Uber Eats. Plus, enjoy complimentary Uber One membership statement credits through 11/14/2024. You’ll earn 1% cash back on all other purchases. There’s no annual fee for the SavorOne Rewards Card. The card offers a 0% intro APR on purchases and balance transfers for 15 months; APR after that; a 3% fee applies on the amounts transferred within the first 15 months. Finally, there is a cash back welcome offer of $200 when you spend $500 on purchases within the first three months.

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Balance Transfer APR

0% intro APR on balance transfers for 15 months, then

Purchase APR

Welcome Bonus

Annual Fee

Recommended Credit Score

Excellent/Good
670-850*

Rewards

10% cash back on purchases with Uber and Uber Eats, 8% cash back on Capital One Entertainment purchases, 5% cash back on hotels and rental cars booked through Capital One Travel, 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), 1% on all other purchases

Benefits

  • Strong rewards rates
  • Generous welcome offer

Pros & Cons

Welcome bonus

No annual fee

Intro APR for the first 15 months

Requires good to excellent credit

Key Features

  • No rotating categories or sign-ups needed to earn cash rewards
  • 10% cash back on purchases with Uber and Uber Eats. Plus, complimentary Uber One membership statement credits through November 14, 2024

no balance transfer fees

Navy Federal Credit Union Platinum

Navy Federal Credit Union Platinum

4.9

/5

Score

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Navy Federal Credit Union Platinum

Why we like it

The Navy Federal Platinum Card has an impressive combination of a solid intro APR period, no annual fee, no foreign transaction fees, no cash advance fees and no balance transfer fees, making it a top pick for balance transfers if you’re eligible to apply. The lack of a balance transfer fee is uncommon among cards in this category, helping it stand out. The card offers 0.99% intro APR on balance transfers for 12 months, then . That interest rate is low and another compelling reason to check out this card if you’re a Navy Federal Credit Union member or qualify for membership.

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Balance Transfer APR

0.99% intro APR on balance transfers for 12 months, then

Purchase APR

Welcome Bonus

N/A

Annual Fee

$0

Recommended Credit Score

Excellent/Good
670-850*

Rewards

N/A

Benefits

  • Generous intro APR period
  • Paying late won’t automatically raise your interest rates

Pros & Cons

Intro APR for the first 21 billing cycles

No annual fee

No penalty APR

Must be a Navy Federal member

Key Features

  • Travel and emergency assistance
  • Collision damage waiver for rental cars

0% Intro APR for 15 months

Fifth Third Truly Simple®

Fifth Third Truly Simple®

4.8

/5

Score

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Fifth Third Truly Simple®

Why we like it

The Fifth Third Bank Truly Simple Card is a simple card with no bells and whistles that’s attractive for both new purchases and balance transfers because it comes with an introductory APR of 0% for 18 months from account opening. After the intro APR period ends, the APR will be , which is reasonable. Like many top balance transfer cards, the Truly Simple card does not have an annual fee. The card features contactless credit card payment technology and allows you to easily manage your account with online and mobile banking.

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Balance Transfer APR

0% intro APR on balance transfers for 18 months, then

Purchase APR

0% intro APR on purchases for 18 months, then

Welcome Bonus

N/A

Annual Fee

$0

Recommended Credit Score

Excellent/Good
670-850*

Rewards

N/A

Benefits

  • Generous intro APR period
  • No penalty APR for missing a payment

Pros & Cons

Intro APR for the first 18 months

No annual fee

No penalty APR

No rewards are offered

Key Features

  • Contactless credit card payment technology
  • Zero liability for unauthorized purchases

Bonus rewards categories

4.6

/5

Score

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Why we like it

The Blue Cash Everyday Card from American Express is a good balance of rewards, a welcome offer and a generous intro APR period on purchases and balance transfers. First-time card members will have the opportunity to earn up to $250 in welcome bonuses. First you will earn $100 after you spend $2,000 in purchases on your new card within the first 6 months. You can also earn up to $150 back when you shop with PayPal (see terms for details). You’ll also earn 3% cash back at U.S. supermarkets, 3% back on U.S. online retail purchases and 3% back at U.S. gas stations. On each bonus category, you will earn 3% back on up to $6,000 per year then 1%. The card also has 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, APR. The Blue Cash Everyday Card makes for an excellent cash back card option if you want to avoid an annual fee.

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Balance Transfer APR

Purchase APR

Welcome Bonus

Annual Fee

Recommended Credit Score

Excellent/Good
670-850*

Rewards

3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, 3% Cash Back at U.S. gas stations, on up to $6,000 per year, 1% on other purchases

Benefits

  • Strong cash back potential for a card with no annual fee
  • Generous welcome offer

Pros & Cons

Welcome offer

No annual fee

Intro APR for the first 15 months

Foreign transaction fees

Key Features

  • $7/month back on The Disney Bundle after you spend $13.99 or more each month on an eligible subscription with your Blue Cash Everyday Card
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%

Flexibility on rewards categories

Chase Freedom Flex

4.7

/5

Score

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Why we like it

The Chase Freedom Flex Card has plenty of flexibility when it comes to earning cash back rewards, where you can boost your earnings by monitoring and activating bonus categories every quarter. The standard rewards of 5% for travel purchased through Chase Ultimate Rewards, 3% for dining and drugstore purchases, and 1% on all other purchases are excellent. You can redeem your rewards for cash back, gift cards or travel through the Ultimate Rewards website, and your rewards will never expire. Plus, you can earn a $200 cash bonus after spending $500 in the first three months, and for a limited time, you will earn 5% back on grocery store purchases on up to $12,000 spent in the first year (excluding Target and Walmart). The Chase Freedom Flex has no annual fee.

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Balance Transfer APR

Purchase APR

Welcome Bonus

Annual Fee

Recommended Credit Score

Excellent/Good
670-850*

Rewards

1%-5% Cash Back

Benefits

  • Strong rewards potential without annual fee
  • Generous welcome bonus

Pros & Cons

Welcome bonus

No annual fee

Intro APR for purchases and balance transfers

Revolving rewards categories must be activated before the deadline to earn 5% cash back

Key Features

  • Free Credit Score and Identity Restoration with Credit Journey
  • Trip Cancellation/Interruption Insurance

10,000 POINT WELCOME OFFER

American Express EveryDay®

4.8

/5

Score

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Why we like it

The Amex EveryDay Card is a solid card for everyday purchases with a welcome bonus offer, intro APR and rewards. For the welcome offer, you earn 10,000 Membership Rewards points after spending $2,000 on purchases within the first six months. The card offers a 0% intro APR on purchases and balance transfers for 15 months from the date of account opening, then an APR of . On your first $6,000 spent on the card at U.S. supermarkets each year, you’ll earn 2X points, and you’ll earn 1X points on all other purchases. You can earn an additional 20% extra points when you use your card 20 or more times in a billing period. The card has no annual fee.

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Balance Transfer APR

0% intro APR on balance transfers for 15 months from the date of account opening, then

Purchase APR

0% intro APR on purchases for 15 months from the date of account opening, then

Welcome Bonus

10,000 Membership Rewards points after spending $2,000 on purchases within the first 6 months

Annual Fee

$0

Recommended Credit Score

Excellent/Good
670-850*

Rewards

2X points at U.S. supermarkets (up to $6,000 per year, then 1X), 1X points on all other purchases

Benefits

  • Extra bonus for using your card 20 or more times in a billing period
  • Solid welcome offer

Pros & Cons

Intro APR for the first 15 months

No annual fee

Welcome bonus

Foreign transaction fees

Key Features

  • Double points on travel purchases through AmexTravel.com
  • Transfer your points to frequent traveler programs

0% intro apr for 18 billing cycles

Bank of America® Customized Cash Rewards

4.7

/5

Score

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Why we like it

The Bank of America Customized Cash Rewards Card is a great option among cash back cards without annual fees. You can earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs purchases (up to $2,500 in combined 3% and 2% bonus categories quarterly) and unlimited 1% on all other purchases. There’s a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. The card has a 0% intro APR for 18 billing cycles for purchases and any balance transfers made in the first 60 days. After the intro APR offer ends, a APR will apply.

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Balance Transfer APR

Purchase APR

Welcome Bonus

Annual Fee

Recommended Credit Score

Excellent/Good
670-850*

Rewards

3% back in the category of your choice each month while also earning 2% back at grocery stores and wholesale clubs. The bonus cash back earned in these combined categories (your choice, grocery and wholesale clubs) is capped at $2,500 in purchases each quarter. You’ll earn 1% after that cap is hit and on all of your other purchases

Benefits

  • Strong rewards potential without annual fee
  • Generous welcome offer

Pros & Cons

Welcome bonus

No annual fee

Intro APR for purchases and balance transfers

Caps on categories limit earnings potential

Key Features

  • If you’re a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase
  • Rewards don’t expire

Lowest APR of Truist cards

Truist Future

Truist Future

4.8

/5

Score

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Truist Future

Why we like it

The Truist Future Card is a solid option for those looking to save money on interest on purchases and balance transfers. The card comes with a 0% introductory APR for 15 months for purchases and for balance transfers made in the first 90 days after account opening. After the intro APR ends, the APR is , which is the lowest APR of any card that Truist offers. A 3% fee (minimum $10) applies to all balance transfers. The Truist Future Card has no annual fee, offers state-of-the-art security features and has Visa Zero Liability protection against unauthorized use.

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Balance Transfer APR

0% intro APR on balance transfers for 15 months, then

Purchase APR

0% intro APR on purchases for 15 months, then

Welcome Bonus

N/A

Annual Fee

$0

Recommended Credit Score

Excellent/Good
670-850*

Rewards

N/A

Benefits

  • Generous intro APR period
  • No annual or foreign transaction fees

Pros & Cons

Intro APR on purchases

No annual fee

Intro APR on balance transfers

No rewards are offered

Key Features

  • Visa Zero Liability protection against unauthorized use
  • Customizable card controls for added security
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