2017 RANKING & REVIEWS
BEST CREDIT CARD BALANCE TRANSFER OFFERS
Why You Should Look for the Best Balance Transfer Offers
Credit card balance transfer deals can often seem like great deals masked by outrageous interest rates or fees. However, balance transfers are important to those with credit card debt who want to consolidate their debts to one credit card. The best credit card balance transfer deals will let you transfer your debts without costing you an enormous amount of money in the end.
It is wise to search for credit card balance transfer offers carefully before making a final decision. Balance transfer credit card offers can provide a way for you to move your balances to a card with a lower interest rate to save on interest over your financing term.
Award Emblem: Top 6 Best Credit Card Balance Transfer Offers
The best credit card transfer offers are typically reserved for those with at least a good credit score but often require a higher score. However, even with a lower credit score, you can still benefit from looking for a no transfer fee credit card to help you consolidate your debt.
A credit-card-to-credit-card transfer is still possible with average credit, but you may not qualify for the best transfer credit card offers.
What Constitutes the Best Credit Card Transfer Deals?
Credit card transfer offers can be significantly different from one another. The differences usually come down to fine print, which is why it is important for you to thoroughly research for the best credit card transfer offers before you complete a credit-card-to-credit-card transfer.
Image Source: Best Credit Card Balance Transfer Offers & Deals
You should look for a no transfer fee credit card that offers special deals for balance transfers without costing you more money long term. The best credit card balance transfer offers typically have the following qualities:
- An introductory interest rate for credit-card-to-credit-card transfers. Credit card balance transfer offers can cost a lot if they do not provide an interest-free credit card transfer. The best credit card transfer deals are those that offer an interest-free credit card transfer for a promotional period upon account opening.
Introductory usually have a promotional period of at least 12 months with a 0% APR for the . These types of can help you pay off your debt faster than you would with your current card.
- Lower variable APR than your current credit card. For credit card balance transfer deals to be helpful in consolidating your debt, the credit card transfer offers should consist of a lower APR than you currently have.
Read the terms carefully to understand what the regular APR will be after the period has ended. If it is not lower than your current rate and you cannot pay your balance within the promotional period, then it is not one of the for your needs.
- Little to no balance transfer fees. Some credit card transfer offers will seem like excellent deals until you fully read the terms. Then, you may see that some credit card balance transfer deals are not as helpful as they advertise because they charge outrageous fees in exchange for an introductory interest rate.
Credit card balance transfer offers should have little to no balance transfer fees, annual fees or other fees that would otherwise cause your savings to be contradicted. You will end up paying more long term for these interest-free credit card transfer offers with high fees.
- Some type of rewards program or cashback bonus. Although it is not necessary for the best credit card transfer deals to offer rewards or cashback programs, it definitely can help make it a better choice.
Since you are likely searching for the so you can save money on your current debts, extra rewards can help you earn money faster. Some of the are those that offer cash back on balance transfers or your purchases so you can earn money toward your statement.
AdvisoryHQ’s List of the Top 6 Best Credit Card Balance Transfer Offers
List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):
- BankAmericard® Credit Card
- BB&T Bright® Card
- Cash Rewards Credit Card by SunTrust
- Discover it® Card
- PNC Core℠ Visa®
- U.S. Bank Visa® Platinum Card
Top 6 Best Balance Transfer Offers | Brief Comparison & Ranking
Credit Card Names | Intro. | Intro. | Balance Transfer |
| BankAmericard® Credit Card | 0% | 18 months | 11.24% – 21.24% |
| BB&T Bright® Card | 0% | 15 months | 8.40% – 17.40% |
| Cash Rewards Credit Card by SunTrust | 0% | 15 months | 10.49% – 21.49% |
| Discover it® Card | 0% | 12 months | 11.24% – 23.24% |
| PNC Core℠ Visa® | 0% | 15 months | 10.24% – 20.24% |
| U.S. Bank Visa® Platinum Card | 0% | 12 months | 10.24% – 20.24% |
Table: Top 6 Best Balance Transfer Offers | Above list is sorted alphabetically
What Are the Pros and Cons of an Interest-Free Credit Card Transfer?
Although the best credit card transfer deals can seem like the perfect financial option for you, they may not be. Credit card balance transfer offers may be able to help some card holders get out of debt, but they are not a good choice for everyone.
Pros
Balance transfer credit card offers, like a no transfer fee credit card, can be helpful for individuals who know how to budget well. The best balance transfer offers typically help you consolidate the debt from other credit cards if you struggle to pay off your principal balance because of high interest rates.
The best credit card balance transfer deals will offer you a lower interest rate than you currently have, helping you pay off your debt faster while still paying the same in monthly payments. The best credit card transfer offers also offer you to transfer with no fees so you are not paying extra money for a credit-card-to-credit-card transfer.
Cons
The best credit card balance transfer offers are only helpful if used wisely and if they have no hidden fees. For credit card balance transfer offers to help consolidate debt and save money long term, you have to budget wisely.
To make the most of best balance transfer offers, you should plan on making the same monthly payment that you do now. With a lower interest rate, you will pay off your debt faster.
Also, some balance transfer credit card offers can cost you more over a period of time if they charge high fees on your balance transfers. To make sure the best credit card transfer deals will help solve your debt problem, research its fees and calculate the cost you will need to cover.
How Can I Find out If an Interest-Free Credit Card Transfer Is Right for Me?
If you are unsure if an interest-free credit card transfer is one of the best balance transfer offers for you, you can use a free online calculator to check your current credit card terms against the terms of the credit card balance transfer offers you are considering.
Creditcards.com offers a free balance transfer calculator for you to input the information of your current debts and the information of balance transfer credit card offers. Then, calculate to view the results of how much you could save by paying off your debts during the promotional period of the best credit card transfer deals.
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AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Credit Card Transfer Deals
Below, please find the detailed review of each credit card on our list of best credit card transfer deals. We have highlighted some of the factors that allowed these best credit card balance transfer offers to score so high in our selection ranking.
BankAmericard® Credit Card Review
Source: Bank of America – Credit Card Products
The BankAmericard® Credit Card is a balance transfer credit card offer that can benefit you in your mission to consolidate debt. It offers an interest-free credit card transfer for the first 18 months after opening your account.
To take advantage of its best credit card transfer offers, you will need to transfer your other debts to your card within the first 60 days after opening your account. The balance transfer fee is 3% or $10 – whichever is greater.
This is one of the best balance transfer offers for a low interest rate; the regular APR for balance transfers after the promotional period is 11.24% to 21.24%, depending on creditworthiness.
BankAmericard® Credit Card Rates, Rewards, and Fees
The BankAmericard® Credit Card has no annual fee, and its regular purchase APR remains the same as the regular balance transfer APR. There are currently no rewards available for the BankAmericard® Credit Card. However, it does offer benefits like security chip cards for fraud protection, digital wallet technology, and overdraft protection.
BB&T Bright® Card Review
Source: BB&T – Credit Cards
The BB&T Bright® Card has credit card balance transfer offers with excellent interest rates to help you pay off debts faster. With an introductory APR of 0% on both balance transfers and purchases for 15 months, this is one of the best credit card transfer deals if you can pay off your balance within the promotional period.
What qualifies it for one of the best credit card balance transfer offers is its low regular APR on balance transfers and purchases after the promotional period: 8.40% to 17.40%. Its balance transfer fee is 3% or $10 – whichever is greater.
B&T Bright® CardRates, Rewards, and Fees
In addition to having one of the best balance transfer offers, the BB&T Bright® Card has no annual fee and no penalty APR for late payments. It also offers travel accident and emergency services for free with your account.
Related: Best 0 APR Credit Cards | Ranking | Top Credit Cards with 0 APR Offers (Reviews)
Cash Rewards Credit Card by SunTrust Review
Source: SunTrust – Credit Card Cash Rewards
The Cash Rewards Credit Card by SunTrust makes our list of best credit card transfer deals because of its promotional balance transfer period, competitive interest rates after the promotional period, and its excellent rewards program.
The Cash Rewards Credit Card by SunTrust has credit card balance transfer offers that are perfect for those looking to pay off debt fast. Its best balance transfer offers include a promotional period of 15 months with 0% APR and an interest rate of 10.49% to 21.49% thereafter. The balance transfer fee is the greater of $10 or 3%.
Cash Rewards Credit Card by SunTrustRates, Rewards, and Fees
Cash Rewards Credit Card by SunTrust has a regular APR of 10.49% to 21.49% and offers the same 15-month introductory APR for purchases as balance transfers. The card has no annual fee or penalty APR.
Its balance transfer credit card offers, combined with its rewards program, can help you save money. The Cash Rewards Credit Card by SunTrust offers up to 5% cash back on qualifying gas and grocery purchases for the first 12 months and 2% on these purchases after the promotional period.
Discover it® Card Review
Source: Discover – Credit Cards Cash Back
Another good choice for an interest-free credit card transfer is the Discover it® Card. This card has some of the best credit card balance transfer offers, with 0% introductory APR for 12 months and a regular APR of 11.24% to 23.24% after. Its balance transfer fee is 3%.
Discover it® CardRates, Rewards, and Fees
Discover it® Card has no annual fee or penalty APR. Its APR for regular purchases is subject to the same introductory period and rate as balance transfers. The Discover it® Card has an excellent rewards program offering 5% cash back on qualifying purchases, like gas, restaurants, and amazon.com purchases. Qualifying purchases in other categories have 1% cashback rewards.
Popular Article: Top BB&T Credit Cards | Reviews | BBT Bank Credit Cards Review
PNC Core℠ Visa® Review
Source: PNC – Credit Cards
The PNC Core℠ Visa® has balance transfer credit card offers of 0% APR for the first 15 billing cycles, with a regular APR of 10.24% to 20.24% afterwards. Its balance transfer fee is the greater of $5 or 3%. To qualify for the promotional offer, you must transfer your balances from other accounts within the first 90 days.
PNC Core℠ Visa® Rates, Rewards, and Fees
The PNC Core℠ Visa® offers several other benefits in addition to its credit card balance transfer offers. There is no annual fee with this card, and the regular purchase APR is subject to the same introductory rate and promotional period as balance transfers.
Additionally, the PNC Core℠ Visa® offers $0 fraud liability in case of fraudulent transactions or identity theft. You will also get travel and emergency protection, free access to online account tools, and Virtual Wallet technology.
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U.S. Bank Platinum Visa® Card Review
Source: US Bank – Platinum
The U.S. Bank Visa® Platinum Card offers another one of the best credit card transfer deals for its 12-month introductory APR of 0% and regular APR of 10.24% to 21.24% after the promotional period. To qualify, your balances must be transferred within 60 days of account opening. Its balance transfer fee is $5 or 3% – whichever is greater.
U.S. Bank Visa® Platinum Card Rates, Rewards, and Fees
The U.S. Bank Visa® Platinum Card has no penalty APR or annual fee. Its regular APR for purchases has the same introductory period and rate as balance transfers. Additionally, you will benefit from overdraft protection, fraud protection, and auto rental insurance with this card.
Conclusion – Top 6 Balance Transfer Credit Card Offers
Credit card balance transfer offers can help those who want to consolidate debt to lower monthly payments or pay debt off faster. However, balance transfer credit card offers can cost you more long term if you are not careful about how you use them.
To benefit from the best credit card transfer offers, like a no transfer fee credit card or interest-free credit card transfer, you should try to pay off all or most of your balance within the promotional period. This will save you on interest tacked on after the promotional period.
After you take advantage of the best balance transfer offers, use your card wisely to avoid accruing a large amount of debt. Look for cards that have no annual fees or penalty APR and a low purchase APR after the introductory period.
Our list of the 6 best credit card balance transfer deals includes credit cards with excellent introductory offers to help you pay off debt faster. Additionally, they offer other benefits like low APRs, rewards, and fraud protection. Consider one of these credit card transfer offers for your next balance transfer.
AdvisoryHQ (AHQ) Disclaimer: Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info. Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.
