Balance Transfer Credit Cards

1. Capital One Quicksilver Cash Rewards Card

Capital One Quicksilver card art
Recommended Credit:
690
850
Excellent and Good Credit

Everyday Rewards

1.5%

Annual Fee

$0

Why We Like It:

"1.5% cash back on everything"

A card with easy to understand cash back rules — 1.5% cash back anywhere, on all purchases. There are no rotating categories to manage or spending caps to watch out for. So if your spending habits include a wide range of categories, a flat rate card like this might be your best choice. You can also easily redeem the cash back earned (even from the mobile app) with a statement credit, gift card, or bank deposit.

In addition to cash back, this card also has an awesome intro APR offer which gives you 0% on purchases and balance transfers for 15 months. There is also a nice sign-up bonus that gives you $150 after you spend $500 within 3 months of opening your account. And to top off all of the awesome perks this card includes, there is also no annual fee to use the card.

Key features:

Welcome Offer: Get a one-time $150 cash bonus after you spend $500 in qualifying purchases within 3 months of opening your account
Cash Back Rate: Unlimited 1.5% cash back on all purchases, every day — no rotating categories to deal with
No Rush Or Worry: Cash back rewards won’t expire as long as the account is open and there is no earning limit
Introductory APR: 0% intro APR on all purchases for 15 months — 0% intro APR on balance transfers for 15 months (3% fee on amounts transferred within the first 15 months)
Fees: There is no annual fee or foreign transaction fees
Extra Perks: Includes Visa Signature benefits — offering shopping discounts, travel upgrades, as well as preferred seating at concerts and sporting events

2. Wells Fargo Propel American Express

Wells Fargo Propel American Express card art
Recommended Credit:
690
850
Excellent and Good Credit

Travel

Annual Fee

$0

Why We Like It:

"Travel points & no annual fee"

As a culture, we're always so obsessed with getting the latest and greatest when it comes to new phones, cars, clothes and so on, but we don’t tend to look at our credit cards and other financial services in the same way. That could be because banking and finance doesn't have the same exciting feel to it. Still, I think we can all agree that saving money sure feels great!

Why shouldn't we be constantly looking for new banking products that save us money and give us better rewards? If you've relied on the same credit card for years now, I think it's worth your time to see what some other cards have to offer—and the Wells Fargo Propel card is a good place to start.

There are lots of ways to earn plenty of points with this card and if you’re someone who eats out at restaurants or orders takeout a lot, or someone who travels often or uses public transit, this card will be great for you.

3. Chase Slate

Chase Slate card art
Recommended Credit:
690
850
Excellent and Good Credit

Intro Period Months

15

Balance Transfer Fee

0%

Why We Like It:

"Consolidate your credit card debt"

The Chase Slate Card is one of many credit cards offered by the Chase family of products. It offers numerous benefits to users who are interested in transferring balances over from high-interest rate credit cards, as well as first-time cardholders who are looking for a good deal and you can start forming the foundations for good credit and financial health habits. While other credit cards specialize in things like airline miles or rewards points, the Chase Slate is the ideal credit card for balance transfers.

People who own the Chase Slate card say that the application process is smooth and even with a fair credit rating you may still get approved, however, the amount you're allowed to transfer over may be less. Those with good credit who are looking to pay down a small balance find that Chase Slate works precisely as advertised.

In order to use this card to its fullest and take advantage of all of its benefits, it's worth having the foundations of good financial health to begin with. If you're looking for a reliable card and don't carry much (if any) credit card debt on you, the Chase Slate is one you'll want to have on hand. Plus, adding to this the fact that you can get your FICO score free each month as well as being enrolled in the Blueprint program make the Chase Slate card one of our top picks to help you pay down your debt quickly and effectively.

4. HSBC Gold MasterCard

HSBC Gold MasterCard card art
Recommended Credit:
690
850
Excellent and Good Credit

Intro Period Months

15

Balance Transfer Fee

4%

Why We Like It:

"0% APR for 18mo on transfers/purchases"

The concept behind the HSBC Gold Mastercard is simple: Give consumers a fantastic, low-interest card, great for one-time purchases and balance transfers, and they will carry a balance from month to month. It’s designed to be a low APR card for those who need to charge a bigger balance, and that’s exactly what it allows consumers to do. What you give up in additional perks, you make up with a low maintenance, hassle-free card.

For most of the cards we review, we recommend not carrying a balance. That’s because interest can get expensive on a more typical card and you’ll often see us recommend that people build good credit habits by spending only what they can afford and paying their balance in full each month. You may be surprised to see that for this card we recommend the opposite. In a perfect world, you’ll never need an advance on a large sum of money, but we all know sometimes you need money you just don’t have—and that’s where the HSBC Gold Mastercard shines.

Whether transferring a balance or making a large purchase, the intro APR offer and below average residual APR on this card makes it a good choice for those who know they will need to carry a balance from month to month. Use it to finance new bedroom furniture or pay down an existing credit balance. When paid on time, you’ll see the amount owed get smaller and smaller, making this a great card for getting out of debt.

5. Barclaycard Ring Mastercard Review

Barclaycard Ring Mastercard card art
Recommended Credit:
690
850
Excellent and Good Credit

Intro Period Months

15

Balance Transfer Fee

2%

Why We Like It:

"Low APR & No Annual Fee"

The Barclaycard Ring Mastercard was designed by Barclays to give customers a say in how their credit card works. Cardholders become part of an online community and can participate in discussions. Using the “Influence” section of the site, cardmembers have the opportunity to submit and vote on ideas. There is also a blog providing financial tips.

Members of the community can track the overall financial performance of the Barclaycard Ring Mastercard and Barclays shows the card’s estimated monthly profits and losses. In addition to transparency, through the Giveback program, Barclaycard Ring Mastercard holders can receive a share of the card’s profits.

This innovative product and process makes the Barclaycard Ring the first "crowdsourced" credit card. If you have excellent credit, the Barclaycard Ring Mastercard is worth your serious consideration.

6. Discover it Balance Transfer

Discover It Balance Transfer card art
Recommended Credit:
690
850
Excellent and Good Credit

Intro Period Months

18

Balance Transfer Fee

3%

Why We Like It:

"Great for those in debt"

If you’re like many Americans, you could be in over your head when it comes to credit card debt. Sound like you? If so, you may benefit from a card that helps you pay off debt more quickly. Such a credit card is known as a balance transfer card. That’s because these cards make it easy for you to transfer debt and offer incentives, usually in the form of introductory APR periods, that help you snuff out debt for good. One strong choice for balance transfers is Discover It Balance Transfer. If you have Excellent and Good Credit, but have accumulated a lot of debt getting there, this card may be a solution for you.

Let’s look at the nuts and bolts of this Discover it card. First, it comes with a stellar APR offer on balance transfers: 0% for the first 18 months. It’s not as great a card for first time purchases. It still offers an intro period, but it’s much shorter at 0% for the first 6 months. That’s okay, this card is a solid choice for doing what it’s intended to do, helping you crush your debt. By offering an extended APR intro period on balance transfers, you’ll have a good chance of paying off your debt if you play your cards right!

No annual fee also makes this card special. Well, special when compared to some other cards in the same vein that do have annual fees, but not special when comparable to other Discover cards. This is a selling point for Discover’s suite of credit cards, and you may remember them saying it if you’ve ever watched a Discover commercial. All things considered, the Discover It Balance Transfer is a great card for anyone looking to erase their debt. Just remember, paying down credit debt is a marathon not a sprint, in most cases, but with this card, it’s easier than ever!

7. Blue Cash Preferred Card from American Express

American Express Blue Cash Preferred card art
Recommended Credit:
690
850
Excellent and Good Credit

Everyday Rewards

1%

Annual Fee

$95

Why We Like It:

"6% cashback on U.S. groceries"

If you want a credit card with a low cash back threshold, plus cash back on everyday purchases like groceries or gas, the American Express Blue Cash Preferred card may be a good choice. Not only do you get cash back for buying everyday items with your card, you could also qualify for some introductory perks.

Even after any intro period incentives are over, the variable interest rate range is very competitive. It offers one of the lowest interest rates for those with excellent credit. But interest rates can change, so it’s important to understand other places where this card can offer value.

With 6% cash back rewards at local supermarkets, it’s a great incentive for families that cook and eat at home often. You can also get cash back at gas stations and even department stores. Just make sure you’re using your cash back bonuses. If you plan to, the Blue Cash Preferred by American Express is a great choice!