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Do you want a card in which its main feature is the balance transfer credit cards USA? Today, our goal is to help you find the best option in this regard.
However, thinking only about the balance transfer credit cards USA would be very little. Therefore, let’s detail other benefits that cards offer. That way, you will have a card that delivers what you are looking for, but that is also attractive.
Some alternatives mentioned even offer cashback, points program and discount in specific stores. So, keep reading and in the end you will know which is the best balance transfer credit cards USA for you.
What Does Balance Transfer Even Mean?
You think you have a card and you are charged 25% interest. This is a high interest rate.
So, you should look for another option, a card where you can exempt this cost in the first 12 months, for example.
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Being like this, a balance transfer card is one that offers exactly that, a card that helps you save money by not paying the interest rate for a period.
10 Best Balance Transfer Credit Cards in the USA
Now we will see the best alternatives when looking for a balance transfer.
1. U.S. Bank Shield™ Visa® Card (Balance transfer credit cards USA)
The U.S. Bank Shield™ Visa® Card is one of the highlights when we talk about balance transfer credit cards USA.
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At first, it will have 24 months of 0% introductory APR, both on purchases and balance transfers.
That means two whole years interest-free, helping you save.
However, there are other costs, in particular:
- Transfer fee is 5% (minimum $5);
- After the introductory period, the regular APR can range from 17.74% to 28.74%.
2. Wells Fargo Reflect® Card
The Wells Fargo Reflect® Card has a 21-month introductory period of 0% APR, valid for purchases and balance transfers.
To qualify, the transfer must be made within 120 days of opening the account.
The regular APR, after the period, varies between 17.24% and 28.99%.
In addition, you will not have to pay an annual fee. However, Reflect does not offer cash back rewards.
3. Citi Simplicity® Card (Balance transfer credit cards USA)
The Citi Simplicity® Card offers 21 months of 0% APR on balance transfers and 12 months on new purchases.
But what really stands out is the no hidden fees policy. In it, there is no late fee, no penalty fee, in addition to the absence of an annuity.
The transfer fee is 3% (minimum $5) if made in the first 4 months, rising to 5% thereafter. The regular APR ranges from 18.24% to 28.99%.
4. Citi Double Cash® Card
The Citi Double Cash® Card gives you 18 months of 0% APR on balance transfers and a competitive rewards program.
In addition, it returns 2% in cash back on all purchases, 1% at the time of purchase and another 1% when the invoice is paid.
The transfer fee is 3% for the first four months and 5% thereafter. While the regular APR ranges between 18.24% and 28.24%.
5. Chase Freedom Unlimited®
Chase Freedom Unlimited® bets on combining rewards with the possibility of debt relief.
Firstly, it offers 15 months of 0% introductory APR, both on purchases and balance transfers.
Still, it will have an initial rate of 3% (rising to 5% after 60 days). The regular APR ranges from 18.99% to 28.49%.
6. Discover it® Cash Back
Discover it® Cash Back offers 18 months of introductory APR, 0% on balance transfers and 6 months on purchases.
The throughput is 3%, and the regular APR ranges from 18.24% to 27.24%.
In it, you will receive 5% cash back on rotating categories each quarter (such as supermarkets, gas stations or restaurants). In addition to a unique Cashback Match program, which doubles all rewards accumulated in the first year.
7. Citi® Diamond Preferred® Card (Balance transfer credit cards USA)
The Citi® Diamond Preferred® Card is exclusively for those looking for time to pay off debt.
At first, you get 21 months of 0% introductory APR on balance transfers and 12 months on new purchases.
In addition, there is no annual fee, and the transfer fee varies between 3% and 5%, depending on the time it is carried out.
The regular APR, after the promotional period, can range from 17.24% to 27.99%.
8. Chase Freedom Flex®
The Chase Freedom Flex® is another card in the Chase family, but with a slightly different proposal.
It offers 15 months of 0% introductory APR on balance transfers and purchases, with an initial fee of 3% and then 5%.
Furthermore, the regular APR varies between 18.99% and 28.49%.
9. BankAmericard® Credit Card
The BankAmericard® Credit Card is minimalist and straight to the point, there will be 18 months of 0% introductory APR on balance transfers and purchases, with no penalty APR and no annual fee.
After that, the regular APR varies between 15.24% and 25.24%, being below the average of competitors.
Furthermore, it has no rewards program, and the transfer fee is not disclosed in special promotions.
Quick Comparison Table (Balance transfer credit cards USA)
| Credit Card | Intro APR Period (Months) | Transfer Fee (Intro/Regular) | Regular APR (Variable) | Annual Fee | Main Rewards |
| U.S. Bank Shield™ Visa® Card | 24 | 5% / 5% | 17.74% – 28.74% | $0 | 4% on travel |
| Wells Fargo Reflect® Card | 21 | 5% / 5% | 17.24% – 28.99% | $0 | N/A |
| Citi Simplicity® Card | 21 | 3% / 5% | 18.24% – 28.99% | $0 | N/A |
| Citi Double Cash® Card | 18 | 3% / 5% | 18.24% – 28.24% | $0 | 2% unlimited cash back |
| Chase Freedom Unlimited® | 15 | 3% / 5% | 18.99% – 28.49% | $0 | 5% travel, 3% dining, 1.5% all others |
| Discover it® Cash Back | 18 | 3% / 5% | 18.24% – 27.24% | $0 | 5% in rotating categories |
| Citi® Diamond Preferred® Card | 21 | 3% / 5% | 17.24% – 27.99% | $0 | N/A |
| Chase Freedom Flex® | 15 | 3% / 5% | 18.99% – 28.49% | $0 | 5% in rotating categories |
| BankAmericard® Credit Card | 18 | N/A | 15.24% – 25.24% | $0 | N/A |
| Discover it® Chrome | 18 | 3% / 5% | 18.24% – 27.24% | $0 | 2% on gas/dining |
Conclusion
What they all have cards have in common are tools. And they must be used wisely, to avoid getting even more indebted.
Remembering that the card will not work alone, it is necessary to be aware on your part to make proper use of the card, managing to extract the best from its resources.
Do you have trouble taking care of your money? So, get to know the best personal finance software, where you will be able to organize your life with peace of mind.