Best Credit Cards For Doing A Balance Transfer

Discover IT®

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Editor's Review

For those looking to do a balance transfer, it does not come better than this card. 0% for 18 months is the introductory rate for new card members. But the best thing about this card is that once the intro period ends, you will want to keep this card because it is really a great cash back card. You can earn 5% cash back on quarterly rotating categories of expenses and it has a fantastic online shopping mall where you can earn at least 5% cash back from their merchant partners. You also get your complimentary FICO scores as a card member. This card is on our editors' choice list and even without this BT deal, we would still recommend it.

Discover IT® Chrome

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Editor's Review

The Discover IT® Chrome is Discovers' second card in their line up. Like the regular IT version, they offer a 0% introductory rate on balance transfers for 18 months. You will also get your FICO score with your monthly statement without having to pay a dime. Unlike the IT, the Chrome version has no rotating categories. Instead, you can earn 2% cash back on gasoline and dining spending (capped at a combined quarterly spend of $1,000). While the caps is a bit unfortunate, it still makes a good card to combine with the regular IT version even without the 18 month 0% deal.

Blue Cash Everyday From American Express®

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Editor's Review

Amex is not known to go after new customers with teaser rate deals. So we were pretty taken aback when they started offering 0% introductory rate on balance transfers for 15 months on their blue series of credit cards. Like most of our recommendations, we still like the card even without this deal. The reason is because it is arguably one of the best cash back cards available today. For grocery, gasoline and select department stores spending, you get 3%, 2% and 2% respectively (there is a $6,000 annual spend cap on groceries).

US Bank Visa Platinum

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Editor's Review

This is the only card here that has no rewards. But their 0% intro deal is for 15 months. The reason why we included this card is because many consumers already have cards with the mainstream issuers like Amex, Chase, Citi, Cap One and Discover. You would not be allowed to transfer a balance to the same issuer. So this card is listed here more for the fact that it is not the "usual suspects".

Chase Freedom Visa

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Editor's Review

This is actually a very popular cash back and rewards card. It is very much like the Discover IT where they have a 5% rotating category. Aside from being a cash back card, you can also redeem points for rewards on the Chase Ultimate Rewards program. To incentive new sign ups, they offer a 0% intro rate on balance transfer for 15 months. This is pretty generous considering that it is a reward card.

Citi Simplicity

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Editor's Review

This is actually a vanilla card with no regular reward program. But at 18 months for their 0% deal, it makes it a standout. The 0% deal applies to both balance transfers as well as purchases. Unlike the other cards on the list, you would probably want to get a better card once the intro period ends