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Guide for Best Balance Transfer Credit Cards in 2023

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There is no need to feel alone. The U.S. credit card account balances of 57% of households in 2020. Transform your debt into a balance transfer card with 0% intro APR if you’re paying high interest rates.   In UK Account Balances Transfers Values are different.

Let’s Start with Best Balance Transfer Credit Cards In UK

The following are some of the best balance transfer credit cards in the UK . These UK cards are still giving better services than before in 2023:

best balance transfer credit card
  1. 0% balance transfer for 18 months and a 2.9% balance transfer fee with the Barclaycard Platinum 18 Month Balance Transfer Credit Card.
  2. With the Santander All in One Credit Card, you can transfer your balance 0% for 20 months and pay 2.98% interest.
  3. Credit Card issued by Lloyds Bank – offers a 0% balance transfer for 22 months with a fee of 2.9%.
  4. 2.95% balance transfer fee and 0% balance transfer for 25 months on Halifax Balance Transfer Credit Card.
  5. It offers 0% interest on balance transfers for 30 months and a 2.99% fee on balance transfers.

Prior to applying for a credit card, always check the terms and conditions because these offers may change over time.

Balance Transfer US Credit Cards That Commonly Used in Rich Countries 

Following are the best 6 Credit Cards that will be a good option for everyone in 2023. Travellers will especially love their services.

Citi Simplicity Card

This Interest in Percent 0 on a balance transfer credit card for almost two years is a great benefit. Get a low-interest Citi card that will help you reshape your financial picture.

It’s one of the best cards for getting out of debt if you have high-interest credit card debt. With this card, you can transfer high interest debt for 21 months at 0% interest; after that, you will be charged 18.24% – 28.99% (variable). Nearly two years worth of payments will be used to reduce your balance. Saving a few hundred dollars on interest could be a huge benefit for you. The intro APR on Purchases is 0% for 12 months, and the after-introductory APR ranges from 18.24% – 28.99% (variable). Keeping it simple is Citi’s philosophy. You won’t pay a late fee, penalty rate, or annual fee with this card.

This card is perfect for people who forget to make payments from time to time.

Your debt could be paid off faster and you will save hundreds of dollars with the long-term 0% intro APR. The card does not charge late fees, unlike most credit cards that charge around $35 for late payments. With its long intro APR period and ease of use, Citi Simplicity® Card is one of the best credit cards on the market.

BankAmericard credit card

Among the best balance transfer credit cards currently available, this card just improved its intro APR period.

Use this $0 annual fee card for purchases and balance transfers for an extra-long intro APR. With a generous 0% Intro APR for a full 21 billing cycles, you can finance your new purchase and then begin paying a variable APR from 16.24% – 26.24%. That means no monthly interest charges will accrue during the promo period.

Furthermore, your payments can go entirely toward reducing your debt for over a year by paying 0% Intro APR for 21 billing cycles on balance transfers made within 60 days and 16.24% – 26.24% Variable APR thereafter.

What are Balance Transfer Credit Cards of BankAmercard 

You can regain control over your financial life with this easy-to-use card, and it lets you pay down debt more quickly. The card does not have a penalty APR, unlike some other cards. Your interest rate won’t increase automatically if you make a late payment. BankAmericard credit cards don’t offer much in the way of rewards, but they are hard to beat when it comes to saving money on interest.

Citi® Double Cash Card – 18 month BT offer

With this credit card, you can transfer balances for 18 months at 0%, followed by 18.24% – 28.24% (variable) for the rest of the year. You will not pay an annual fee and you must have good credit to qualify. The best part is yet to come. 1% cashback goes toward everything you buy, regardless of price, and another 1% goes toward your monthly bill payment.

As one of the best credit cards for balance transfers and cash back rewards, this one offers unlimited 1% cash back when you buy and another 1% when you pay for those purchases. Cash back is available for any purchase, without having to worry about rotating categories. It’s great for transferring high-interest debt.

Using a 20% APR, you can save more than $800 on interest charges if you transfer $5,000 in interest accrued charges. On top of that, if you spend $500 each month on common purchases you can earn $5 on the purchase and another $5 when you pay it off. That’s $120 in annual rewards!

What Balance Transfer Credit Card to Choose?

As an industry leader in cash back rewards, the Citi Double Cash card offers unlimited 1% cash back on purchases, plus an additional 1% as you pay. In addition to the 0% introductory APR for 18 months on Balance Transfers, this is a very powerful card for paying off high-interest debt and earning cash rewards afterward. The card is very popular because of all of these features.

Bank of America® Customised Cash Rewards credit card

A lengthy 0% intro APR on purchases and balance transfers is one of the major benefits of the Bank of America® Customised Cash Rewards credit card. For purchases, enjoy 0% Introductory APR for 18 billing cycles, followed by 18.24% – 28.24% Variable APR to prevent interest charges on big ticket items. Whenever you transfer balances in the first 60 days, you receive 0% Intro APR for 18 billing cycles. Then, after the intro period ends, you’ll get 18.24% – 28.24% Variable APR.

There are three tiers of rewards on this card, but where it really shines is in its unique rewards system. Cash back is 3% in your chosen categories, 2% in grocery stores and wholesale clubs, and unlimited 1% on other purchases (up to $2,500 for combined choice category/grocery store/whole club quarterly purchases). In the first 90 days of opening your account, if you’re a new cardholder, you’ll receive $200 in online cash rewards bonus. Due to the fact that there is no annual fee on this card, you can maximize your rewards without worrying about extra fees.

Bank of America Balance Transfer Credit Cards Best For YOU

This has been one of our favourite credit cards for years because of the flexible and robust cash back program offered by Bank of America® Customized Cash Rewards. This is a card you shouldn’t ignore if you enjoy changing up your spending frequently.

Citi Custom Cash Card

0% Intro APR on purchases and balance transfers for over a year makes the Citi Custom CashSM Card one of the industry’s most innovative cards. The cash back rewards program is the starting point. Every billing cycle, earn 5% cash back on your top eligible spending category, up to $500, then 1% for every additional $500. Additionally, you’ll earn 1% cash back on every other purchase you make. 

This card’s automatic cash back returns ensure you’ll always be earning the maximum amount, unlike many cards that require you to manually choose a top cash back category. New customers will only benefit from it. Within six months of opening your account, you can earn $200 cash back when you spend $1,500. You can redeem this bonus offer for $200 cash back by redeeming 20,000 ThankYou® Points.

This Citi Custom CashSM Card is also a great choice if you plan to use it to transfer high interest credit card debt or make large purchases. With good credit, you can get an intro APR of 0% for 15 months, followed by a variable interest rate of 18.24% – 28.24%. The same applies to balance transfers: 0% introductory APR for 15 months, then 18.24% – 28.24% (Variable) APR after the intro period is up. The card also comes with no annual fee.

Citi Custom CashSM Balance Transfer Cards

In summary, we were impressed with the card’s unique and innovative rewards program, as well as its wide range of other features. You don’t have to remember to enable rotating cash back categories with this card if you don’t want to worry about it.

Wells Fargo Active Cash Card

With the most impressive unlimited cash back rate on a no-annual-fee card we’ve ever seen, the Wells Fargo Active Cash Card is an absolute game-changer in the rewards space. In addition to earning unlimited 2% cash rewards, cardholders have no category restrictions and no expiration date on rewards. Let that sink in – there is no other card on the market today that offers such an unlimited cash back rate. Therefore, if you want a card that allows you to maximize your returns on every single purchase you make, this is the card for you.

It’s also a great way to get out of debt or mitigate the cost of large expenses with this no-annual-fee card. 

Card Usage and Purchases According to APR Conditions

There is a 15-month 0% intro APR on purchases with the Wells Fargo Active Cash® Card. After that period, there are 19.24%, 24.24%, or 29.24% variable APR APRs. The same 0% intro APR is available to credit card account holders who transfer balances from high-interest cards: 0% intro APR for 15 months from account opening, then 19.24%, 24.24%, or 29.24% variable APR. You can feel confident that this card is always in your wallet to cover life’s unexpected (and often expensive) developments.

Citi® Diamond Preferred Card

There is no annual fee on this card, and it offers 0% introductory APR for a longer period of time than any other card. For balance transfers, you can enjoy an introductory APR of 0% for 21 months, followed by a variable APR of 17.24% – 27.99%. You can also use the Citi® Diamond Preferred® Card to make a large purchase, attend an event, or take a trip. There is an amazing intro APR after 12 months of 0% on Purchases and a variable APR thereafter of 17.24% – 27.99% (Variable). Until the balance is paid off, you do not have to worry about interest accruing. 

Moreover, you’ll have access to features usually available only on premium high-annual fee cards. FICO® scores are available online for free. Discover thousands of events with Citi Entertainment, including concerts, sports events, dining experiences, and more.

Introducing No Balance Transfer Fee Credit Cards

Summary: This is a very powerful yet simple credit card. This is our top-rated card for anyone with a large balance interested in transferring a balance to a card with 0% intro APR. Your balance could be paid down much faster with the additional interest-free time. Take advantage of its long-term 0% intro APR to save hundreds of dollars in interest charges.

Discover it® Balance Transfer

You can earn 5% cash back on everyday purchases at Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate the Discover it® Balance Transfer credit card. In addition to 0% intro APR on purchases and balance transfers, Discover offers 1% cash back on all other purchases automatically. 

The rewards program gets better when you take advantage of Discover’s amazing sign-up bonus: Unlimited Cashback Match. By spending $150 or more, you will receive $300 cash back. Discover will automatically match all cash back earned during your first year. You can transfer balances and make purchases at 0% intro APR for an extended period of time, which sets the Discover it® Balance Transfer credit card apart from the competition, even though its rewards program is extremely competitive. In case you are considering transferring debt from a high-interest credit card, you can get a 0% Intro APR for 18 months, then a variable rate of 16.24% – 27.24% after that period. 

Additional Interest Fee Time

In addition, you’ll be able to pay off your debt faster with all that additional interest-free time and cashback rewards! An intro rate of 0% for 6 months followed by a variable rate of 16.24% – 27.24% will provide additional flexibility. The Bottom Line: If you are looking for a balance transfer credit card that combines cash back rewards with a balance transfer rewards program, this card is right for you. It has a unique sign-up bonus system that doubles your cash back at the end of your first year. So if you’re in the market for a rewards card and would like to transfer your current balance, this card is right for you.

Blue Cash Everyday Card from American Express

You could benefit from this card if you buy groceries and gas on a regular basis and want to earn generous cash back without paying an annual fee. New PayPal card holders are eligible for an amazing welcome offer: Earn up to $250 – Here’s How: When you shop with PayPal, you’ll get $150 back. 

You’ll receive 20% back as a statement credit on your purchases when you use your new Card to pay with PayPal at merchants within the first six months of your Card membership, up to $150. After spending $2,000 on your new Card in the first six months of membership, you will receive $100 back as a statement credit. Additionally, with the card’s outstanding rewards program, you will earn 3% Cash Back at supermarkets in the United States on purchases up to $6,000 per year, then 1%. 3% Cash Back at U.S. online retail stores, up to $6,000. 3% Cash Back at U.S. gas stations, up to $6,000 per year, then 1%. On other purchases, you will receive 1% cash back. Terms apply.

The card has more to offer than rewards, though. This long 0% interest rate period means you won’t have to worry about interest charges piling up for more than a year – it offers a 0% intro purchase APR for 15 months, followed by an 18.24%-29.24% variable APR. For balance transfers, you’ll get a 0% intro APR for 15 months, and then a variable APR of 18.24%-29.24% after that.

Wells Fargo Reflect Card

When you have a substantial expense coming up, the Wells Fargo Reflect® Card will cover you with an introductory 0% APR for 18 months, followed by a variable APR between 17.24% and 29.24% after that. When you make all your minimum monthly payments on-time, you will be able to extend your already impressive savings period by up to an additional 3 months; that’s a fantastic 0% interest rate offer that lasts up to 21 months from account opening – almost two years!

Balance transfers are also eligible for the same offer,  if you transfer a balance from another high-interest credit card, you’ll receive a 0% intro APR on qualifying balance transfers up to 21 months from account opening, with a variable APR between 17.24% to 29.24% after that. 

Guide to Best Balance Transfer Credit Card $0 Annual Fee

In addition to rewarding you for doing what you should already do – paying off your credit card debt promptly – this $0 annual fee card is an exceptional savings tool since it comes with such generous interest-free time periods that you might be able to save hundreds of dollars in interest fees. A card like this may be just what you need if you want to get out of debt without accumulating a lot of fees.

Wells Fargo Reflect® Cards are really exciting to us because they are focused on one thing: saving you money on interest charges over the long run by offering some of the longest introductory APR periods on purchases and balance transfers available on the market today.

Chase Freedom Unlimited

Ongoing cash-back rewards are offered with this balance transfer card. Pay off your debt faster by using your cash-back. There are 15 months of 0% Intro APR on Balance Transfers with the Chase Freedom Unlimited® card, followed by a variable APR of 18.74% – 27.49%. Besides the 0% Intro APR on Purchases, you also get a variable APR of 18.74% – 27.49% after the intro period has ended. 

This low interest offer stands out from others due to the rich cash rewards offered. With chase ultimate rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more, cardholders get 5% cash back on travel purchases; you can earn 3% cash back on drugstore purchases, dine at restaurants, including takeout, and eligible delivery services, and 1.5% cash back on all other purchases. With the big cash back rewards, you can pay down your balance much faster. Depending on the amount of each transfer, the balance transfer fee is $5 or 5%.

0% intro APR is an enticing offer for balance transfers, with a long introductory period. By earning cash-back, you can increase your chances of reaching your goal more quickly.

Citi Rewards+ Card

Get 0% intro APR on purchases for 15 months, then 17.74% – 27.74% (variable) on balance transfers for 15 months.

Every purchase earns you points (even the small ones). All Citi Rewards+ Card purchases are automatically rounded up to the nearest 10 points. In other words, you’d earn 10 points when you buy a $2 cup of coffee. When you spend $6,000 or more in grocery stores and gas stations, you’ll get 2X ThankYou® Points. On all other purchases, earn 1X ThankYou® Points. Sign-up bonuses are subject to low spending requirements. You can redeem $200 in gift cards at thankyou.com after spending $1,500 in purchases with your card within three months of opening your account.

In short, this Citi rewards card offers many attractive features, like a $0 annual fee, a long interest-free intro period on balance transfers and purchases, and an attractive sign-up bonus. With a balance transfer offer that is attractive, this card is perfect for everyday rewards.

U.S. Bank Altitude Go Visa Signature Card

With 0% interest for 12 billing cycles on balance transfers, the U.S. Bank Altitude® Go Visa Signature® Card is an excellent option for nearly everyone – right off the bat, you can easily transfer your current credit card balance. After the intro period is over, the rate increases to 19.24% – 28.24% (Variable).

The real strength of this card, however, is its rewards program. Dine, order takeout, and have food delivered to your door for 4X points, and shop for groceries, groceries delivered, fill up at gas stations, charge your EV at charging stations, and watch streaming services for 2X points. You’ll also receive a $15 credit toward annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! All other eligible purchases will earn you 1X points. Not only that, but there’s also a great sign-up bonus with this card. In the first 90 days after you open your account, you can earn 20,000 bonus points when you spend $1,000 on eligible purchases. In addition, there is no annual fee associated with any of this.

Best Rewards and Bonuses If You Use Best Balance Transfer Credit Cards

With an outstanding welcome bonus, excellent ongoing rewards, and aggressive intro APR on balance transfers, the U.S. Altitude Go Visa Signature® Card is one of the best choices for most consumers.

Get rid of high interest credit card debt by applying for one of these top balance transfer cards. Read More

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