A balance transfer moves high-interest debt to another card, usually one with a 0% intro APR, so you save on interest while paying off debt.
Written by India Davis and Garrett Yarbrough ; Edited by Nouri Zarrugh ; Reviewed by Beverly Harzog
Save money on credit card interest · If you transfer a balance from a high-interest credit card to a Discover Card with an introductory 0% APR balance transfer offer, you can use the money you save on interest charges to pay down your debt. Pay down your current credit card debt · When you consolidate all your higher-rate credit card debt--or other outstanding debts--with a Discover balance transfer offer, you end up with a single monthly payment and may reduce how much you pay in interest i...
We've put together a list of the top balance transfer cards that can help you pay down debt without immediately accruing more interest.
A balance transfer offer can help you pay off debt faster thanks to a 0% interest period. Here’s how to choose a deal that’s best for you.
Enter new card transfer fees: What is the minimum balance transfer fee: Enter the percentage fee you will be charged: * · Check to see if the card has a cap that limits the balance transfer fee. If so, enter balance transfer fee cap: Your balance transfer fee will be: $0.00 ; Enter new card details: Intro APR · Intro term · APR after intro: * · Annual fee: If you would like to pay more than your minimum payment, enter amount below: Minimum payment: Calculate
Balance Transfer Basics ; What is a balance transfer fee? ; How to manage debt with a balance transfer card ; How long does a balance transfer take? ; What is the limit for a balance transfer card? ; Everything you need to know about balance transfer checks
We analyzed hundreds of balance transfer credit cards with a 0% intro APR period and dug into each card's perks and drawbacks to find the best ones.
The Discover it Balance Transfer card has a decent intro APR offer and excellent rewards in rotating categories, although bonus rewards caps apply each quarter. Learn more with our Discover it Bala...
the 0% rate is automatic or depends on a credit check. The next step is deciding which balances to transfer; cards with high interest rates should come first. (The balance doesn’t have to...