Top Credit Cards Balance Transfer

The Top 5 Best Balance Transfer Credit Cards for 2021

Introduction

Hello Friends, welcome to our guide on the best balance transfer credit cards available for 2021. If you’re looking to pay off your credit card debt without accruing more interest, then a balance transfer credit card might be a good solution for you. We’ve compiled a list of the top 5 best cards based on their balance transfer fees, promotional and ongoing interest rates, and other perks that may benefit you.

Card #1: Chase Freedom Unlimited

If you’re looking for a balance transfer credit card that also offers rewards, the Chase Freedom Unlimited card may be a good choice for you. This card offers a 0% introductory APR for 15 months on both balance transfers and purchases. After the promotional period ends, the ongoing APR is variable and can range from 14.99% to 23.74% depending on your creditworthiness. Additionally, this card offers 1.5% cashback on all purchases, making it a great option for those who want to earn rewards while paying down their debt.

Pros:

  • 0% introductory APR for 15 months on balance transfers and purchases
  • 1.5% cashback on all purchases
  • No annual fee

Cons:

  • 3% balance transfer fee (minimum $5)
  • Requires good to excellent credit to qualify

Card #2: Citi Simplicity

The Citi Simplicity card is another great option for those looking to transfer a balance without paying high fees or accruing interest. It offers a 0% introductory APR for 18 months on balance transfers and 0% APR for purchases for the first 18 months. After the promotional period ends, the ongoing APR is variable and can range from 14.74% to 24.74% depending on your creditworthiness. One unique feature of this card is that it offers no late fees, no penalty rates, and no annual fee, making it a low-risk choice for those who want to pay off their debt as efficiently as possible.

Pros:

  • 0% introductory APR for 18 months on balance transfers and purchases
  • No late fees, no penalty rates, and no annual fee
  • Easy online balance transfer process

Cons:

  • 5% balance transfer fee (minimum $5)
  • Requires good to excellent credit to qualify

Card #3: Discover it Cash Back

The Discover it Cash Back card is a balance transfer credit card that offers rewards and benefits to help you pay down your debt. It offers a 0% introductory APR for 18 months on balance transfers (for transfers made within the first 60 days of opening your account) and 0% APR for purchases for the first 6 months. After the promotional period ends, the ongoing APR is variable and can range from 11.99% to 22.99% depending on your creditworthiness. One of the main benefits of this card is that it offers 5% cashback on rotating categories each quarter, and 1% cashback on all other purchases.

Pros:

  • 0% introductory APR for 18 months on balance transfers (for transfers made within the first 60 days of opening your account)
  • 5% cashback on rotating categories each quarter
  • No annual fee

Cons:

  • 3% balance transfer fee (minimum $5)
  • Rotating categories may not always align with your spending habits

Card #4: US Bank Visa Platinum Card

The US Bank Visa Platinum Card is another great balance transfer credit card that offers a long interest-free period for balance transfers. It offers a 0% introductory APR for 20 billing cycles on balance transfers and 0% APR for purchases for the first 20 billing cycles. After the promotional period ends, the ongoing APR is variable and can range from 14.49% to 24.49% depending on your creditworthiness. This card does not offer rewards, but it does come with several useful benefits such as free access to your credit score and fraud protection.

Pros:

  • 0% introductory APR for 20 billing cycles on balance transfers
  • Free access to your credit score
  • Fraud protection and other security features

Cons:

  • 3% balance transfer fee (minimum $5)
  • No rewards program
  • Requires good to excellent credit to qualify

Card #5: BankAmericard Credit Card

The BankAmericard Credit Card is a simple and straightforward balance transfer credit card that can help you save money on interest and fees. It offers a 0% introductory APR for 18 billing cycles on balance transfers and 0% APR for purchases for the first 18 billing cycles. After the promotional period ends, the ongoing APR is variable and can range from 12.99% to 22.99% depending on your creditworthiness. One unique feature of this card is that it offers free access to FICO credit scores, which can help you track your progress as you pay down your debt.

Pros:

  • 0% introductory APR for 18 billing cycles on balance transfers
  • Free access to FICO credit scores
  • No annual fee

Cons:

  • 3% balance transfer fee (minimum $5)
  • No rewards program
  • Requires good to excellent credit to qualify

Conclusion

We hope this guide has helped you find the best balance transfer credit card for your needs. Remember to consider factors such as the balance transfer fee, promotional period, ongoing interest rate, and other perks when choosing a card. With the right balance transfer credit card, you can save money on interest and fees while paying down your debt more efficiently.

Thank you for reading, and we’ll see you in our next article!

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