Updated: August 4, 2016

The holiday season has come to a close and if you’re like most people you’ve spent more than you should have. Overspending during this time of year is common, but it can cause a post-holiday financial hangover when you can’t pay off your credit card balance. That’s when your high-APR credit cards combined with your credit card balance equals huge interest payments each month.

There’s a solution to your woes – if you have good credit, a balance transfer credit card will allow you to pay zero interest for 12-18 months.  This buys you extra time to pay off your balance while saving you a lot of money in monthly interest fees. Some of these cards will even give you cash back on all your new purchases and extra intro bonuses.

To help out, we’ve put together a top 6 list of the best balance transfer credit cards for those with good credit:

Slate from Chase

Slate is our top contender because it features NO balance transfer fees – a big perk that can save you a lot of dough (these fees are usually 3-5% of the balance you transfer) – plus a 15-month 0% intro APR for balance transfers and purchases. The $0 balance transfer fee means when you transfer your balance from your current card to Slate you won’t have to pay any fees whatsoever. The only caveat is that you have to make your transfer in the first 60 days, but since you’re getting the card to transfer your balances as soon as possible this shouldn’t be a problem. Combine this with the 0% APR period (for both balance transfers and new purchases) and no annual fee and you’ve got yourself a great card to help you pay off any holiday excesses.

Citi Simplicity 

City Simplicity’s (a NextAdvisor advertiser) lengthy 21-month 0% intro APR for both balance transfers and purchases should give you plenty of time to pay off your balance in full. You can also take advantage of this intro APR for any new purchases you’d like to make. In addition there are no late fees, penalty rates or annual fees. There is a 3% balance transfer fee for this card, but it might be worth it, especially if you’re carrying a large balance on your current high-interest credit card. The over 1.5 year interest-free period will give you the time you need to pay down the balance.

Chase Freedom

With a 15-month 0% APR on balance transfers and purchases, a great cash back program, a big intro bonus and no annual fee, this card is a strong choice. Not only can you transfer over your current balances and save money by paying no interest for 15 months, but you’ll also get $150 cash back after spending $500 in the first 3 months. In addition you’ll earn cash back on your purchases – 5% cash back on purchases in rotating quarterly categories and 1% cash back on everything else. What could be better than saving money on interest fees AND making money on new purchases PLUS a cash back bonus? There is a 3% balance transfer fee, but the $150 bonus and ongoing cash back will likely more than offset it.

Discover it – Balance Transfer

Just like its name says, the Discover it card was created with balance transfers in mind. You can take advantage of the 18-month 0% APR period for balance transfers to save some cash on interest payments. Plus, you’ll earn cash back on new purchases; 5% cash back on up to $1,500 in purchases in quarterly rotating categories and 1% cash back on all other purchases. There is a balance transfer fee but just like with the Chase Freedom card it’s entirely possible to pay this with the cash back you’ll earn on new purchases. Together the cash back potential and long 18-month 0% APR (with very reasonable ongoing APR rates) make this a card that can both save you money and earn you money at the same time.

Blue Cash Preferred Card from American Express

Combining a 12-month 0% intro APR on balance transfers and purchases with incredibly strong cash back rewards, the Blue Cash Preferred Card (a NextAdvisor advertiser) is a smart pick. Not only can you transfer your holiday (and non-holiday) purchases over to this card and pay no interest for 12 months, you’ll also get incredibly generous cash back rewards on new purchases. You’ll earn 6% cash back at supermarkets (on up to $6K per year in purchases), 5% back on eligible travel purchases made in the the first 6 months (up to a max of $200 back), 3% at gas stations and select department stores (including J.C. Penney, Sears, Macy’s and Nordstrom) and 1% on everything else. And it doesn’t stop there – you’ll also get $150 cash back after spending $1,000 in the first 3 months. The card does charge a 3% balance transfer fee and an annual fee of $95, but the $150 bonus and ongoing cash back will likely more than offset it. If you’d prefer a card that offers the same 0% intro APR on balance transfers and purchases and great cash back rewards without the annual fee, take a look at the Blue Cash Everyday Card from American Express.

Barclaycard Ring Mastercard

Can you say “crazy-low ongoing APR?” That what this card was built on – an 8% APR on purchases and balance transfers. Plus there are NO balance transfer fees which translates to saving a ton of cash when you transfer your existing balances to this card free of charge. In addition, there is no annual fee and cardholders can help to influence profit/loss decisions as well as participate in a type of profit sharing. Although there is no 0% intro APR period, if you’re going to carry your balance for years instead of 15-18 months it’s a terrific choice.

Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuers’ Affiliate Program.