Top Balance Transfer Credit Cards in 2023
A credit card with a balance transfer feature can be a fantastic tool for managing your debt repayment. Use it to settle your current debt, then settle the card before the 0% APR introductory period ends. This lowers the total interest you must pay to your creditors.
There are numerous sizes and shapes of balance transfer cards. The best cards provide introductory 0% APR periods that last typically between 15 and 21 months. This indicates that you have more than a year to pay off your entire balance before the card’s standard APR begins.
Visa® Platinum Card from U.S. Bank
A variety of advantages and features come with the U.S. Bank Visa® Platinum Card, one of which is an attractive introductory APR on purchases and debt transfers for the first 18 billing cycles, followed by a variable APR. For anyone looking to finance a significant purchase or consolidate high-interest debt, this makes it a smart option.
Additionally, there is no annual charge on the card, which might result in long-term financial savings for customers. That stated, there is a charge for balance transfers.
In addition to its no annual fee and low (but temporary) interest rate, the U.S. Bank Visa® Platinum Card also provides a few other advantages. These include free access to your TransUnion credit score, fraud protection, and online and mobile banking. To receive reminders about account activity, payment deadlines, and other information, cardholders can also customise their account alerts.
2. Credit Card from Capital One Quicksilver Cash Rewards
Another cash back credit card with opportunities for rewards and balance transfers is Capital One Quicksilver Cash Rewards Credit Card. With no minimum purchase requirement or shifting categories to keep track of, cardholders may receive an unlimited 1.5% cash back on all purchases.
This card has no yearly fee, which makes it a fantastic option for customers who want to earn cash back benefits without shelling out extra money.
For 15 months after you start your account, Capital One’s card offers a competitive introductory APR for balance transfers. The variable APR is then turned on by the card. Just be mindful of the balance transfer cost for transfers made during the promotional 15-month period.