HomeCredit CardsWhat is a Balance Transfer Credit Card?

What is a Balance Transfer Credit Card?

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Capital One VentureOne Rewards Credit Card

Capital One VentureOne Rewards Credit Card

Benefits:

  • 0% intro on balance transfers and 0% intro on purchases 15 months after opening account, regular APR of 19.24% – 29.24% (variable)
  • $0 annual fee
  • 20,000 Miles once you spend $500 on purchases within 3 months from account opening

Drawbacks:

  • Balance transfer fee applies
  • Need excellent, good credit for approval
Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

Benefits:

  • 0% on balance transfers and 0% on purchases 12 months after opening account, regular APR of 18.24% – 29.24% variable
  • Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.

Drawbacks:

  • Balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • $0 intro annual fee for the first year, then $95.
  • Need good, excellent credit
  • Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit Card
    Benefits:
    0% intro on balance transfers and 0% intro on purchases 15 months after account opening, regular APR of 19.24% – 29.24% (variable)
    $0 annual fee
    One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
    Drawbacks:
    Balance transfer fee applies
    Need excellent, good credit
Chase Freedom Unlimited®

Chase Freedom Unlimited®

Benefits: 

  • 0% intro apr on balance transfers and 0% intro apr on purchases 15 months after opening account, regular APR of 18.99% – 28.49% variable
  • $0 annual fee
  • Limited Time Intro Offer: Earn a $250 Bonus after you spend $500 on purchases in your first 3 months from account opening

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