Managing credit card debt can feel overwhelming, especially when high-interest rates are constantly working against you. But there’s good news: balance transfer credit cards can offer a practical solution by allowing you to transfer existing debt to a new card with a lower interest rate—or even 0% for a set introductory period. If used wisely, balance transfer cards can be an effective way to save money on interest and pay off debt faster.
In this article, we’ll explore the best balance transfer credit cards available today, highlighting their key features, fees, and benefits. Whether you’re looking to consolidate debt, reduce interest payments, or pay off your balance faster, this guide will help you find the right option for your financial goals.
What is a Balance Transfer Credit Card?
A balance transfer credit card allows you to move your existing debt from one or more credit cards to a new one, typically with a lower interest rate. Some cards even offer 0% APR for an introductory period (usually between 6 to 21 months), meaning you can pay off your balance without accumulating additional interest during that time.
While these cards can be an excellent tool for paying off debt, it’s essential to understand the terms, such as balance transfer fees, regular APR after the intro period, and the length of the introductory offer. With a clear plan, a balance transfer card can be an effective way to get your debt under control.
Top Balance Transfer Credit Cards for 2025
1. Chase Slate Edge℠
Best for: No Balance Transfer Fees for the First 60 Days
- Intro APR: 0% for the first 18 months on balance transfers
- Balance Transfer Fee: $5 or 3% of the amount of each transfer (whichever is greater) after the first 60 days
- Regular APR: 19.49% – 28.24% (Variable)
- Annual Fee: $0
The Chase Slate Edge℠ card is an excellent choice if you’re planning to transfer a balance but want to avoid the typical balance transfer fees. For the first 60 days, you won’t pay any balance transfer fees, making it a unique offering in the market. After the introductory period, a fee of 3% applies, but the long 0% APR intro period allows you to pay down your balance without worrying about high-interest rates.
2. Citi® Diamond Preferred® Card
Best for: Long 0% Intro APR Period
- Intro APR: 0% for the first 21 months on balance transfers
- Balance Transfer Fee: 5% (min. $5)
- Regular APR: 18.74% – 29.74% (Variable)
- Annual Fee: $0
If you’re looking for a card that offers one of the longest intro APR periods available, the Citi® Diamond Preferred® Card is a top contender. With 21 months of 0% APR on balance transfers, this card gives you ample time to pay off your balance without accumulating interest. Keep in mind that the balance transfer fee is 5%, which is relatively standard, but the extended interest-free period can make it worthwhile.
3. Discover it® Balance Transfer
Best for: Cashback Rewards and 0% Intro APR
- Intro APR: 0% for the first 18 months on balance transfers
- Balance Transfer Fee: 3%
- Regular APR: 17.24% – 28.24% (Variable)
- Annual Fee: $0
The Discover it® Balance Transfer card offers a competitive combination of 0% APR on balance transfers for 18 months, along with the ability to earn cashback rewards. While the balance transfer fee is 3%, the card’s ongoing benefits, such as 1% cashback on every purchase (and 5% in rotating categories), can help you save even more in the long run. At the end of your intro APR period, the card reverts to a variable APR based on your creditworthiness.
4. U.S. Bank Visa® Platinum Card
Best for: Longer Introductory APR Period
- Intro APR: 0% for the first 20 billing cycles on balance transfers
- Balance Transfer Fee: 3% of each transfer (min. $5)
- Regular APR: 18.24% – 28.24% (Variable)
- Annual Fee: $0
With a 20-month intro APR period, the U.S. Bank Visa® Platinum Card provides one of the longest interest-free periods available for balance transfers. This extended time frame gives you a significant window to pay off your balance without accruing interest. However, the card does charge a 3% balance transfer fee, so it’s essential to factor that cost into your debt repayment plan.
5. Wells Fargo Reflect® Card
Best for: Flexible Intro APR Period with Payment Requirements
- Intro APR: 0% for the first 18 months (up to 21 months when you make minimum payments on time)
- Balance Transfer Fee: 3%
- Regular APR: 19.24% – 27.24% (Variable)
- Annual Fee: $0
The Wells Fargo Reflect® Card stands out because it offers flexibility in the length of the 0% intro APR period. If you make minimum payments on time, your 0% APR period can extend from 18 months to 21 months. This gives you a bit of leeway to pay off your balance with no interest accruing, as long as you meet the payment requirements.
Factors to Consider Before Choosing a Balance Transfer Credit Card
While a balance transfer card can help you save money on interest, it’s important to evaluate your options carefully. Here are some key factors to consider before applying for a card:
1. Balance Transfer Fee
Most balance transfer cards charge a fee for transferring balances, typically ranging from 3% to 5%. For larger balances, this can add up quickly, so consider this cost when choosing your card.
2. Introductory APR Period
The longer the intro period, the more time you’ll have to pay off your debt without accruing interest. Look for cards offering at least 18 months of 0% APR, but keep in mind that some cards offer even longer introductory periods.
3. Regular APR
Once the intro period ends, the APR reverts to the card’s regular rate. Be sure to compare these rates so you’re aware of what the card will cost you once the promotional period expires.
4. Ongoing Rewards and Benefits
While balance transfer cards primarily help with managing debt, some also offer perks like cashback, rewards points, or travel benefits. Consider whether these additional features align with your financial goals.
5. Your Repayment Plan
To make the most of a balance transfer card, it’s crucial to have a clear plan for paying down your debt. Avoid adding new charges to your card, as this can extend your repayment period and negate the benefits of the 0% APR offer.
Conclusion: Which Balance Transfer Card Is Right for You?
The best balance transfer credit card for you depends on your specific needs. If you need a long intro APR period, the Citi® Diamond Preferred® Card or U.S. Bank Visa® Platinum Card could be great choices. If you’re interested in earning rewards while paying down your debt, the Discover it® Balance Transfer might be the best option. And if you’re looking to minimize upfront fees, the Chase Slate Edge℠ card offers a unique 0% fee for the first 60 days.
Regardless of which card you choose, remember that balance transfer cards work best when you have a solid plan to pay off your debt before the introductory period ends. By taking advantage of these cards’ 0% APR offers and minimizing any additional spending, you can save significantly on interest and make great strides toward financial freedom.
