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Get out of debt faster while paying less.

Learn how you can save big
by using a balance transfer card.

Use the right tools for the job

Credit card debt stings. The good news, however, is there’s a way to pay it down with less money in a shorter time. How? By moving your debt to a balance transfer card, which is a credit card that offers a lengthy 0% interest period. Unlike an everyday credit card (which charges interest on balances you carry from month to month), balance transfer cards give you time to pay down debt while preventing interest charges from stacking up.

Take advantage of introductory 0% APRs

When you’re paying down debt, interest rates matter – a lot. For example, compare the differences between paying down a $10,000 debt on an 18% APR card and a 0% balance transfer card. Using the balance transfer card could save you around $1,431, even after paying a transfer fee of $300. Want to save even more? Sign up for a card that doesn’t charge a transfer fee. As a heads up, the amount you may qualify to transfer and save depends on a variety of factors including your credit worthiness.
A balance transfer card can save over $1,000
chartchart
Total savings:
Financial savings:
$1,431
Pay off debt faster by:
3months

How to choose the right balance transfer card

Know the fees
Know the fees
Make sure you factor in the balance transfer fee (typically 3% to 5%) when choosing a card.
Avoid paying interest
Avoid paying interest
To get the most savings, aim to pay off your debt before interest kicks in.
Use a different provider
Use a different provider
You can’t transfer balances between cards from the same issuer. So be sure to apply to a different issuer.

A few of our favorite cards

Best for long 0% intro APR period:
Citi Simplicity® Card

The Citi Simplicity® Card is great for people who need extra time to pay down debt interest-free. It has an extra-long 0% introductory APR period: 0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases. After the intro period, you can expect a 18.49%-29.24% Variable APR. Combine that with the $0 annual fee, and you've got one of the few cards that allow you to pay down debt without spending a penny on interest. The card charges a 5% balance transfer fee.
Citibank Simplicity Credit Card

on Citibank's application

4.5

NerdWallet rating 

on Citibank's application

Annual fee

$0

Rewards rate

N/A

Intro offer
N/A
Recommended Credit Score

Pros

  • No annual fee
  • Intro APR period

Cons

  • No rewards
  • No new cardholder bonus offer
  • Requires good/excellent credit
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.49% - 29.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balance transfers completed within 4 months of account opening.
  • Stay protected with Citi® Quick Lock
Annual fee

$0

Rewards rate

N/A

Intro offer
N/A
Recommended Credit Score

Pros

  • No annual fee
  • Intro APR period

Cons

  • No rewards
  • No new cardholder bonus offer
  • Requires good/excellent credit
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.49% - 29.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balance transfers completed within 4 months of account opening.
  • Stay protected with Citi® Quick Lock

Best sign-up bonus:
Discover it® Balance Transfer

The Discover it® Balance Transfer which has an annual fee of $0, is a balance transfer credit card with cash back perks. For new card members, you'll get a big INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300. Plus, when you opt in to the 5% Cashback Program, Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically. It comes with a generous 0% APR offer: 0% intro APR on Purchases for 6 months and 0% intro APR on Balance Transfers for 18 months. The go-to APR is 16.49%-27.49% Variable APR after that. The card charges a 3% balance transfer fee and Discover isn’t widely accepted abroad but it could be a great choice if you’re trying to earn big cash back on new purchases while paying off an old debt.
Discover it® Balance Transfer

on Discover's website

4.9

NerdWallet rating 

on Discover's website

Annual fee

$0

Rewards rate

1%-5%

Cashback

Intro offer

Cashback Match™

Recommended Credit Score

Pros

  • No annual fee
  • Intro APR period
  • Bonus categories
  • Cash rewards

Cons

  • Complicated rewards
  • Spending caps on bonus rewards
  • Lower acceptance abroad
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
  • Every $1 you earn in cash back is $1 you can redeem.
  • No annual fee.
  • Click through to Discover’s website to see terms and conditions.
Annual fee

$0

Rewards rate

1%-5%

Cashback

Intro offer

Cashback Match™

Recommended Credit Score

Pros

  • No annual fee
  • Intro APR period
  • Bonus categories
  • Cash rewards

Cons

  • Complicated rewards
  • Spending caps on bonus rewards
  • Lower acceptance abroad
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
  • Every $1 you earn in cash back is $1 you can redeem.
  • No annual fee.
  • Click through to Discover’s website to see terms and conditions.

Best for cost effectiveness:
BankAmericard® credit card

BankAmericard® credit card comes with a generous 0% APR offer: 0% intro APR on Purchases for 21 billing cycles and 0% intro APR on Balance Transfers for 21 billing cycles for any balance transfers made in the first 60 days. After the intro period, you can expect a 15.49%-25.49% Variable APR. Combine that with the $0 annual fee, it is a great card that allows you to pay down debt without spending a penny on interest. It has a 3% balance transfer fee for the first 60 days
BankAmericard® Credit Card

on Bank of America's website, or call (800) 322-7707

5.0

NerdWallet rating 

on Bank of America's website, or call (800) 322-7707

Annual fee

$0

Rewards rate

No rewards

Intro offer
N/A
Recommended Credit Score

Pros

  • No annual fee
  • Intro APR period

Cons

  • Requires good/excellent credit
  • No ongoing rewards
  • 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% Variable APR will apply. A 3% fee applies to all balance transfers.
  • No annual fee.
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Annual fee

$0

Rewards rate

No rewards

Intro offer
N/A
Recommended Credit Score

Pros

  • No annual fee
  • Intro APR period

Cons

  • Requires good/excellent credit
  • No ongoing rewards
  • 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% Variable APR will apply. A 3% fee applies to all balance transfers.
  • No annual fee.
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.