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Balance Transfer Categories Overview

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Balance Transfer credit cards are credit cards that allow you to transfer the balance on an existing card to a new one, allowing you to take advantage of the introductory 0% APR period.  This is useful because of the following situation :

Say you have credit card debt on the order of $20,000, and the card you have gathered the debt on is no longer in its introductory APR period.  You could use a balance transfer card and transfer all $20,000 to the new card, often with up to a year of 0% APR.  This means that instead of paying over $4,000 in fees every month for most cards, sometimes even more, you have a year to pay off the debt with no fees at all.

Applying for a credit card to balance transfer is a great way to save on your existing credit card debt, they also often offer extended lowered APR periods, so they can also provide a way to help with a large purchase. Many credit cards have 0% APR balance transfer rates for 6-18 months. The secret to saving more with these credit card offers is to be aware of balance transfer fees and different interest rates for purchases.

Some credit cards have a 3% balance transfer fee with a maximum fee of $75 or $90. These fees are okay if you can take advantage of a 0% APR for more than 12 months. The fees were created so people couldn't credit card balance transfer surf (continuously transferring balances to avoid interest).

Discover It Credit Card

Discover It Credit Card
Preferred
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  • The new Discover it card is out to change the way people think about credit cards.
  • Fair...No annual fee. No over-limit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won't increase your APR for paying late*
  • Generous...5% Cashback Bonus on up to $1,500 in purchases at Home Improvement Stores now through June with free and easy sign-up. And 1% cash back on all other purchases*
  • Plus a Cashback Concierge who guides a free, personalized online tour to help you get the most rewards for how you use your card
  • Flexible...Choose your own due date and pay up to midnight ET online or by phone
  • Human...talk to a real person any time with 100% U.S.-based service
  • Safe...Because you'll never pay for unauthorized purchases with our $0 Fraud Liability Guarantee
  • 0% Intro APR* on purchases and balance transfer for 14 months. Then the variable purchase APR applies, currently 10.99%-22.99%. *Click apply for Terms & Conditions

Citi Simplicity Card

Citi Simplicity Card
Preferred
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  • No penalty for late payments or exceeding your credit limit
  • No late fees for making payments after their due dates
  • 0% Introductory APR for Balance Transfers for 18 months
  • 0% Introductory APR on purchases for 18 months

Discover It Credit Card Promotional 18-Month Balance Transfer

Discover It Credit Card Promotional 18-Month Balance Transfer
Preferred
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  • The new Discover it card is out to change the way people think about credit cards.
  • Fair…No annual fee. No over-limit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won’t increase your APR for paying late.*
  • Generous…5% Cashback Bonus on up to $1,500 in purchases at Home Improvement Stores now through June with free and easy sign-up. And 1% cash back on all other purchases.*
  • Plus a Cashback Concierge who guides a free, personalized online tour to help you get the most rewards for how you use your card.
  • Flexible…Choose your own due date and pay up to midnight ET online or by phone.
  • Human…talk to a real person any time with 100% U.S.-based service.
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. *Click apply for Terms & Conditions.

Iberiabank Visa Platinum Rewards Card

  • Earn up to 17,000 bonus points in the first year of account ownership. 
  • Earn 1 bonus point for every $1 in qualifying net retail purchases in addition to and outside the initial bonus. Cardholders can ScoreMore™ with Bonus Points – 2X, 3X, 4X or more at participating retailers online and in-store. Turn points into hotel, gift or experience rewards with as little as 700 bonus points.
  • No annual membership fee
  • Introductory APR on balance transfers of 1.99% for your first 6 billing cycles. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. Applies to balance transfers processed within three months of your account open date.
  • Product Enhancements include: Auto Rental Collision Damage Waiver, Roadside Dispatch, Travel Emergency Services, and Travel accident coverage up to $1,000,000.
  • Free Online access to credit card account information

Iberiabank Visa Select Card

  • New cardholders with excellent credit will receive a 0% APR on purchases for one year, although less qualified applicants will only receive a purchase APR of 7.5%.
  • Cardholders will receive an introductory finance rate of 1.99% for one year on balance transfers, with a 2% balance transfer fee. Subsequently, cardholders will incur interest at the standard rate for purchases.
  • Customers will be assigned a standard APR based on their credit worthiness. Those with excellent credit will receive a variable rate equal to the Prime Rate plus 4.25%. Less qualified applicants will receive an APR equal to the Prime plus 6.25% or 8.25%.
  • No Annual Fee

IberiaBank Visa Classic Card

  • Low variable rate of 7.25%, 10.25%, or 13.25% based on your credit worthiness.
  • Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles.
  • Excellent Credit is required in order to get approved. As a minimum guideline, Excellent Credit may refer to a credit history free of derogatory information, including current or past delinquency, bankruptcy, and/or collections.
  • Proof of Income is required on both the applicant and co-applicant (if applicable) to complete an application.

Capital One Classic Platinum Credit Card

  • Get the credit you need, with MasterCard® benefits
  • Customize your card design with Image Card
  • Enjoy $0 Fraud Liability protection
  • Stay on top of your account with free text alerts*
  • Access your account 24/7

Slate from Chase

  • Introductory Offer – No Balance Transfer Fee!*
  • 0% Introductory APR for 15 months on purchases and balance transfers!* After first 15 months, a variable APR of 11.99%, 16.99%, or 21.99%*
  • Free Blueprint features that help avoid interest on everyday purchases and pay down balances faster*
  • Patented Fraud Protection and zero liability on unauthorized purchases*

Chase Freedom Credit Card

  • Earn 5% cash back on up to $1500 spent in bonus categories each quarter
  • Earn unlimited 1% Cash Back on all other purchases; cash back rewards don't expire
  • $100 Bonus Cash Back after spending $500 in the first three months
  • Earn extra cash back when you shop online through Chase

Rewards MasterCard - Excellent Credit

  • 5,000 Bonus Points after your first purchase – enough for $50 cash back
  • Competitive Rewards System
  • 0% intro APR for 12 months on Balance Transfers and Purchases
  • Redeem for flights, shopping, dining and more 
  • Use your points like cash to pay for any purchase you've made

Citi Diamond Preferred Card

  • Earn Extra Cash on 10% of your purchases, redeemable from the Citi website marketplace
  • Fraud Protection
  • Low balance transfer fee – 3%, and 0% interest for 18 months
  • 0% Introductory APR on purchases for 18 months
  • Diamond Platform Benefits and Rewards

Dividend Platinum Select Visa

  • $100 cash back after $500 in purchases within the first 3 months of account opening
  • 0% Intro APR on Balance Transfers and Purchases for 12 months.
  • Earn 5% cash back on rotating categories of stores, with no enrollment fee
  • Full 1% cash back on all other purchases and eligible cash advances.
  • No Annual Fee