Updated: Feb. 22, 2019

If you’re carrying credit card debt, you know how challenging it can be to pay down. While you can tighten up your finances, adjust your budget and make larger monthly payments, doing so will still cost you an arm and a leg in interest. That’s why the best option for those working to pay off debt is a balance transfer credit card. These cards offer long 0% intro APRs that allow you to pay off your balance completely interest free! Although you usually have to pay a balance transfer fee of 3% to 5% of the transfer, depending on the card, this one-time fee is nothing when it’s compared to your current credit card interest, meaning you’ll still come out money-ahead. What’s more, all of the cards detailed below have no annual fee! Keep reading to see our list of the best balance transfer credit cards.


Best for purchases and transfers: Wells Fargo Platinum Visa Card

  • 18-month 0% intro APR on balance transfers made in the first 120 days
  • 3% intro balance transfer fee for 120 days, then it’s 5%
  • 18-month 0% intro APR on purchases
  • Mobile protection of up to $600 against covered damage and theft when you use the card to pay your phone bill (details below)
  • Access to online tools that help you manage your budget and spending

Credit required: Good to excellent credit (usually considered a credit score of 700 or higher)

Why we like it: The Wells Fargo Platinum Visa Card offers the perfect combination of 0% intro APR on purchases and balance transfers. Cardholders must complete any balance transfers within the first 120 days to get the 18-month 0% intro APR and the 3% balance transfer fee, but if you initiate the transfer when you apply for the card, that’s no problem. What’s more, cardholders who use their Wells Fargo Platinum Visa Card to pay their monthly cell phone bill will get up to $600 protection against covered damage and theft ($25 deductible per claim and a max of 2 claims per year). Click “Show Details” to learn more.


Best long term for good to excellent credit: Chase Freedom Unlimited

  • 15-month 0% intro APR on balance transfers
  • 3% balance transfer fee or $5, whichever is greater
  • 15-month 0% intro APR on purchases
  • Unlimited 1.5% cash back on all purchases
  • $150 bonus when you spend $500 on purchases in the first 3 months
  • Get a free credit score that’s updated weekly with Credit Journey
  • Comes with zero liability protection, purchase protection and extended warranty

Credit required: Good to excellent credit (usually considered a credit score of 700 or higher)

Why we like it: The Chase Freedom Unlimited earns an unlimited 1.5% cash back on all purchases, which means it’s a card you’ll want to keep in your wallet long after the 0% intro APR expires. Additionally, cardholders who spend $500 on purchases in the first 3 months will earn a $150 bonus — you can redeem that bonus as a statement credit to pay your balance! This card also comes with no annual fee and a long 0% intro APR on purchases and balance transfers. Click “Show Details” to see what else Chase Freedom Unlimited offers.


Best long term for customized rewards: Bank of America Cash Rewards credit card

  • $150 online cash rewards bonus for spending $500 on purchases in the first 90 days
  • 3% cash back on the category of your choice
  • 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then it’s 1%)
  • Long 0% intro APR on purchases and on balance transfers made in the first 60 days (with a 3% balance transfer fee, $10 minimum)

Credit required: Good to excellent credit (usually considered a credit score of 700 or higher)

Why we like it: The Bank of America Cash Rewards credit card, which has no annual fee, offers a 0% intro APR for 12 billing cycles on purchases and balance transfers made in the first 60 days (with a 3% balance transfer fee, $10 minimum) — after the 0% intro APR expires, the rate is 16.24% to 26.24% variable. It also earns customized cash back, meaning you can pick which purchases earn 3% cash back. You can change your 3% category every month and choose between (1) gas, (2) online shopping, (3) dining, (4) travel, (5) drug stores as well as (6) home improvement and furnishings. This gives you the flexibility to adjust your card’s rewards to your spending needs, as July’s everyday purchases probably aren’t the same as December’s everyday purchases. Click “Show Details” to learn more.


Not finding a card that’s right for you? Visit our balance transfer credit card reviews to find the best option for your needs and spending habits.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. 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 issuer Affiliate Program.