You can take advantage of promotional interest rates to transfer a credit card's balance to a new credit card. Balance transfers give you the opportunity to pay down debt.
Written by India Davis and Garrett Yarbrough ; Edited by Nouri Zarrugh ; Reviewed by Beverly Harzog
We reviewed 2024's best balance transfer credit cards that offer low interest and long zero-interest periods, which help you manage debt effectively.
Explore the UK credit card market ; Find the right balance transfer card for you ; Learn how to use credit safely & efficiently
Annual fee · $0 ; Welcome offer · Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back ; Introductory Balance Transfer APR · 0% Intro APR on Balance Transfers for 15 months ; Ongoing Balance Transfer APR · 19.99% - 28.74% Variable ; Introductory Purchases APR · 0% Intro APR on Purchases for 15 months ; Ongoing Purchases APR · 19.99% - 28.74% Variable
Before you transfer a balance to a credit card with a lower interest rate, understand its effect on new purchases and other costly fine-print traps.
Learn how balance transfers work to move credit card debt to a new card with a 0% or low introductory interest rate and if a balance transfer is right for you.
Written by Garrett Yarbrough ; Edited by Courtney Mihocik ; Reviewed by Jason Steele
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...
Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online.