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3 Credit Cards Good for Balance Transfers AND Rewards

Credit Cards
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NerdWallet’s database of more than 1,200 cards can point you to the best credit card options for your preferences, whether you’re interested in a 0% APR, a balance transfer or a rewards card. But what if you want all three? Good news: We’ve found three cards that offer the triple threat of a balance transfer option, cash rewards and a long 0% introductory APR.

Citi® Double Cash Card – 18 month BT offer

The Citi® Double Cash Card – 18 month BT offer offers one of the most innovative rewards programs in the industry — you’ll receive 1% cash back when you make a purchase and another 1% when you pay it off. Rewards can be redeemed starting at $25 for cash, statement credit or gift card.

The Citi® Double Cash Card – 18 month BT offer has an introductory APR of 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.49% - 24.49% Variable APR. The balance transfer fee is 3%. The card has an annual fee of $0 and foreign transaction fees of 3%.

The Citi® Double Cash Card – 18 month BT offer is best for those whose spending doesn’t line up with the bonus categories of the Chase Freedom® or Discover it® - Cashback Match™. The potential cash back — provided you pay off your balance — is very high for the industry.

Chase Freedom®

The Chase Freedom® offers 5% cash back rewards on quarterly rotating categories and 1% back on everything else. The latest bonus categories are as follows:

Chase Freedom® bonus rewards categories for 2017
Q1 (Jan. 1 - March 31)Gas stations and local commuter transportation (not including parking, tolls or Amtrak)
Q2 (April 1 - June 30)Grocery stores and drugstores
Q3 (July 1 – Sept. 30)Restaurants and movie theaters
Q4 (Oct. 1 – Dec. 31)"Holiday" (details TBA)

There’s also a nice signup bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

The Chase Freedom® offers an introductory APR: 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.99% - 24.74% Variable APR. The annual fee is $0.

The Chase Freedom® is best for cardholders whose spending more or less lines up with the 5% bonus categories.

Discover it® - 18 Month Balance Transfer Offer

The Discover it® - 18 Month Balance Transfer Offer offers 5% cash back on quarterly rotating categories and 1% back on everything else. Here are the bonus categories:

DISCOVER BONUS CATEGORIES FOR 2017
Q1 (Jan. 1 – March 31)Gas stations, ground transportation and wholesale clubs
Q2 (April 1 – June 30)Home improvement stores and wholesale clubs
Q3 (July 1 – Sept. 30)Restaurants
Q4 (Oct. 1 – Dec. 31)Amazon.com and Target

The Discover it® - 18 Month Balance Transfer Offer offers 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 11.99% - 23.99% Variable APR. The balance transfer fee is 3% and it has an annual fee of $0. It’s the best for cardholders whose spending lines up with the 5% bonus categories.

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