Updated on Nov 1, 2019

Best Balance Transfer Credit Cards for 2019

Enjoy months of 0% introductory interest while you pay off balances!
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Balance transfer credit cards offer you an opportunity to pay off high interest credit card debt. They open an introductory window of time – usually 12 months or more – where interest doesn’t accrue on your balance. This means that 100% of every payment you make toward the balance during that window of time will be applied to your balance, allowing you to pay down the balance much faster.

If you are considering a balance transfer credit card, we recommend considering both your short-term and long-term financial needs to ensure you select the best balance transfer card for your situation.

To help make your selection stress-free, we have reviewed and provided our recommendations for the best balance transfer cards of 2019.

Summary

Best Balance Transfer Credit Cards for 2019

Best overall

Discover it® Balance Transfer

Balance Transfer Intro APR 0% for 18 months
Ongoing APR 13.49% - 24.49% Variable

Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Annual Fee $0
Rewards Overview

5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. 1% unlimited cash back on all other purchases - automatically.

Current Offer Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
Highlights Provided by Discover Show Highlights
Card Highlights Provided by Discover:
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
  • Issuer: Discover
  • Rewards Details: 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. 1% unlimited cash back on all other purchases - automatically.
  • Annual Fee: $0
  • Balance Transfer Fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
  • Cash Advance APR: 26.49% Variable
  • Introductory APR: 0%
  • Introductory APR Period: 6 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 18 months
  • Ongoing APR: 13.49% - 24.49% Variable

Our two cents

Who should get it

If you have good to excellent credit and are looking for a card with an introductory 0% interest on transferred balances for 18 months (after that an ongoing APR of 13.49% - 24.49% Variable APR), the Discover it® Balance Transfer card may be the perfect balance transfer card for you.

How to use it
Transfer your highest APR balances first so you can discontinue accruing interest charges and pay down the balance as much as possible during the introductory period. While we don’t recommend new purchases on the card if your goal is to eliminate credit card debt, we do recommend keeping the card open once you’ve paid it in full. Use the cash back rewards to your advantage.
Consider this

To remove the high-stress credit card debt from your life, you will need to pay off the balance transferred within 18 months or you will begin paying 13.49% - 24.49% Variable APR. There is also a 3% introductory balance transfer fee to consider and up to 5% fee on future balance transfers (see terms)*.

Why you'll love it

Who doesn’t love 18 months of 0% interest for balance transfers (after that ongoing APR is 13.49% - 24.49% Variable)? The Discover it® Balance Transfer card offers this debt solution in addition to a substantial rewards program. Though the rewards only apply to new purchases, once you have paid off your transferred balance, you can enjoy 5% cash back (up to a quarterly maximum each time you activate) when you use it at gas pumps, grocery stores and more. All other purchases qualify for 1% unlimited cash back.

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Partner Offer Apply Now On American Express's secure website

0% interest and cash back rewards

Blue Cash Preferred® Card from American Express

See Rates & Fees
Balance Transfer Intro APR 0% for 12 months
Ongoing APR 14.49% - 25.49% Variable See Rates & Fees

Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater.
Annual Fee $95 See Rates & Fees
Current Offer Earn $250 back after you spend $1,000 in purchases on your new Card within the first 3 months. Terms apply.
Highlights Provided by American Express Show Highlights
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • New 6% Cash Back on select U.S. streaming subscriptions.
  • New 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%
  • $95 annual fee.
  • Terms Apply.
  • See Rates & Fees
  • Issuer: American Express
  • Annual Fee: $95 See Rates & Fees
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 26.74% Variable
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
  • Introductory APR: 0%
  • Introductory APR Period: 12 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 12 months
  • Ongoing APR: 14.49% - 25.49% Variable See Rates & Fees
  • Penalty APR: 29.99% Variable

Our two cents

Who should get it

If you have good to excellent credit and are looking for a balance transfer card with a 0% introductory APR for 12 months (after that, 14.49% - 25.49% Variable See Rates & Fees) followed by generous cash back rewards, the Blue Cash Preferred® Card from American Express may be the right card for you.

How to use it
Transfer your highest APR balances first so you can discontinue accruing interest charges and pay down the balance as much as possible during the 12-month 0% introductory APR period (after that, 14.49% - 25.49% Variable See Rates & Fees). While we don’t recommend new purchases on the card if your goal is to eliminate credit card debt, we do recommend keeping the card open once you’ve paid it in full so you can use the hearty cash back rewards to your advantage.
Consider this

To avoid accruing interest, you will need to pay off your balance transferred within the introductory period.

Why you'll love it

The Blue Cash Preferred® Card from American Express is the perfect blend of everyday rewards and great intro APR for people with good to excellent credit. You could earn 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and 6% cash back on select U.S. streaming subscriptions. And that’s not even covering the 3% cash back at U.S. gas stations and on transit. All while enjoying a year-long window of interest-free bliss on balance transfers.

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Apply Now On Capital One's secure website

Lowest signup bonus requirements

Capital One® Quicksilver® Cash Rewards Credit Card

Balance Transfer Intro APR 0% intro on balance transfers for 15 Month
Ongoing APR 15.74% - 25.74% (Variable)

Balance Transfer Fee 3%
Annual Fee $0
Highlights Provided by Capital One Show Highlights
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.74%-25.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.74%-25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees
  • Issuer: Capital One
  • Rewards Details: 1.5 % Cash Back on every purchase, every day. $150 Cash Back after you spend $500 on purchases within 3 months from account opening.
  • Annual Fee: $0
  • Balance Transfer Fee: 3%
  • Cash Advance APR: 25.74% (Variable)
  • Foreign Transaction Fee: None
  • Introductory APR: 0% intro on purchases
  • Introductory APR Period: For 15 Months
  • Introductory Balance Transfer APR: 0% intro on balance transfers
  • Introductory Balance Transfer Period: For 15 Months
  • Ongoing APR: 15.74% - 25.74% (Variable)
  • Penalty APR: None

Our two cents

Who should get it

If you have average or above average credit but want a balance transfer credit card that offers 15 months at a 0% intro APR (then an ongoing 15.74% - 25.74% (Variable) APR) to pay down balances, the Capital One® Quicksilver® Cash Rewards Credit Card may be the right choice for you.

How to use it
Transfer your highest APR balances first so you can discontinue accruing interest charges and pay down the balance as much as possible during the 15-month introductory period then an ongoing 15.74% - 25.74% (Variable) APR). While we don’t recommend new purchases on the card unless you can pay them off during that billing cycle, we do recommend keeping the card open so you can use Capital One® Quicksilver® Cash Rewards Credit Card great cash back rewards to your advantage.
Consider this

If the balances you need to transfer are on other Capital One accounts (including branded cards like Kohls, Sony, GM, BuyPower Card, Union Plus and Teamster Privilege), you will not be able to transfer the balances to the Capital One® Quicksilver® Cash Rewards Credit Card. Capital One does not permit balance transfers between Capital One accounts. Additionally, there is a 3% introductory balance transfer fee.

Why you'll love it

In addition to 15 months interest-free to pay down your credit card balance, the Capital One® Quicksilver® Cash Rewards Credit Card offers a $150 cash bonus when you spend $500 within the first three months. You can also enjoy substantial rewards like 1.5% fixed-rate cash back on every purchase with no limits.

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Best Rotating Rewards

Chase Freedom®

Balance Transfer Intro APR 0% intro on balance transfers for 15 Month
Ongoing APR 16.74% - 25.49% Variable

Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater.
Annual Fee $0
  • $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
  • Unlimited 1% cash back on all other purchases
  • Cash Back rewards never expire as long as your account is open
  • No minimum to redeem for cash back.
  • Free credit score with Credit Journey℠
  • Issuer: Chase
  • Annual Fee: $0
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 26.74% Variable
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Introductory APR: 0%
  • Introductory APR Period: 15 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 15 Months
  • Ongoing APR: 16.74% - 25.49% Variable
  • Penalty APR: None

Our two cents

Who should get it

If you have excellent credit and would like to enjoy a 15-month 0% APR introductory period (then an ongoing 16.74% - 25.49% Variable APR) to pay off some old balances, make some new purchases and reap some great rewards, the Chase Freedom® card may be the perfect balance transfer card for your needs.

How to use it
Transfer high APR balances to the Chase Freedom® card first. You’ll have 15 months to save the money you would have otherwise spent on interest charges and get your balance paid down. If you have new purchases to make off that can be paid off within the same billing cycle, you should also use the Chase Freedom® card so you can earn the $150 bonus after spending $500 on new purchases within 3 months of account opening.
Consider this

After the 15-month 0% introductory period, any outstanding balances will accrue 16.74% - 25.49% Variable APR. If you travel internationally, you should also consider Chase Freedom®’s foreign transaction fee.

Why you'll love it

No annual fee, 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and Chase’s Ultimate Rewards site for more cash earning opportunities. What’s not to love?

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Apply Now On Amalgamated Bank of Chicago's secure website

Best for Fair Credit

ABOC Platinum Rewards Mastercard®

Balance Transfer Intro APR 0% intro on balance transfers for 12 Month
Ongoing APR 14.65% - 24.65% Variable APR on purchases and balance transfers

Balance Transfer Fee 3% of each balance transfer (minimum $5)
Annual Fee None
  • 0% Intro APR on Purchases and Balance Transfers for 12 months; after that the variable APR will be 14.65% - 24.65%, based on your creditworthiness
  • Earn $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening
  • Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive
  • No upper limit on the points you can accumulate, and since points never expire, you can save up for a big award!
  • Earn Points on Every Purchase! It's simple: $1 = 1 Point
  • No Annual Fee or Foreign Transaction Fee
  • Select Your Rewards Your Way
  • Issuer: Amalgamated Bank of Chicago
  • Annual Fee: None
  • Balance Transfer Fee: 3% of each balance transfer (minimum $5)
  • Cash Advance APR: 26.74% Variable APR
  • Foreign Transaction Fee: None
  • Introductory APR: 0%
  • Introductory APR Period: 12 months
  • Ongoing APR: 14.65% - 24.65% Variable APR on purchases and balance transfers

Our two cents

Who should get it

The ABOC Platinum Rewards Mastercard® has a lot to offer, especially if you’ve got average or above credit and have some other balances you’d like to transfer for an interest-free 12 months.

How to use it
Review your outstanding balances and transfer those with the highest APRs first. This allows you to stop being charged high APRs for 12 full months to pay down your balance.
Consider this

There is a 3% fee on each balance transfer (minimum of $5.)

Why you'll love it

If you’ve got balances to transfer or large purchases to make, you will love ABOC Platinum Rewards Mastercard®’s 12-month 0% introductory APR on purchases and balance transfers. As icing on the cake, you can earn $150 in statement credit after spending $1200 on purchases within the first 90 days. Not to mention the rewards, where you can earn 5x rewards on up to $1500 in combined purchases each quarter with no limits.

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How do balance transfer cards work?

Because they offer 12 months or more of 0% APR, balance transfer cards can be lifesavers in helping you pay down debt. Once you’ve selected the best-fitting balance transfer card for your needs, review your outstanding debts and the interest rates associated with each. Transfer the outstanding debt with the highest interest rate to your new balance transfer card. Use the introductory period to take advantage of no interest charges and pay off all of that transferred debt.

Are balance transfer cards a good idea?

No matter the type of credit card, responsible card use is very important. Credit cards should not be used to charge something you cannot afford. However, when life happens and emergencies make this unavoidable, a good balance transfer card can save you many dollars and many years of the burden of debt. Be sure to read the fine print and avoid unwanted surprises later.

What are the most important things to consider when shopping for a balance transfer card?

  • Introductory APR and term. Many (but not all) balance transfer cards offer an introductory annual percentage rate that lasts for a certain number of billing cycles before changing to the regular annual percentage rate.
  • Regular APR. Once the introductory rate is over, the regular annual percentage rate will become your new rate.
  • Balance transfer fee. Many cards charge a fee that applies to the balance transferred. This fee is usually a percentage of the total balance.
  • Annual fee. While many balance transfer cards waive the annual fee for the first year, some will charge an annual fee thereafter.
  • Credit score needed for approval. It is important to know if your credit score is high enough to be considered for approval.
  • Rewards. Many balance transfer cards offer rewards for travel, everyday spending or cashback.

What is a balance transfer fee?

Most balance transfer credit cards charge a fee on balances transferred. The fee is usually a percentage or minimum dollar amount of the total balance transferred.

How do you transfer a balance?

Once you have selected the best balance transfer credit card for your needs, you can find information on the credit card’s website on how to initiate a balance transfer. You can also call their customer support number for one-on-one assistance.

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

Editorial Note: Compensation does not influence our rankings and recommendations. However, we may earn a commission on sales from the companies featured in this post. To view a list of partners, click here. Opinions expressed here are the author's alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser's page for terms & conditions.