As interest rates have been on the rise for the past couple of years, variable-rate debt has become increasingly costly to hold. If you’re aiming to wipe out your credit card debt and start fresh in 2024, consider opening a new card with a 0% APR balance transfer offer. However, with countless credit cards available, it can be overwhelming to choose the right one. To aid in your decision-making process, the Fortune RecommendsTM team meticulously assessed over 30 balance transfer credit cards on the market today, ranking them based on various factors like introductory period, APR, rewards structure, consumer benefits, and more. Here are the top picks:
Capital One Quicksilver Cash Rewards Credit Card: This card offers a $200 one-time cash bonus after spending $500 in the first 3 months, with a 0% intro APR for 15 months and no annual fee.
U.S. Bank Visa Platinum Card: With an extended 0% introductory APR period for purchases and balance transfers, this card is a solid choice for those looking to minimize debt.
Citi Simplicity Credit Card: This card stands out for its lack of annual fees, late fees, or penalty APR, along with a 21-month 0% introductory APR on balance transfers.
Citi Double Cash Credit Card: Ideal for those with fair credit, this card offers an 18-month 0% introductory APR on balance transfers, along with 2% cash back on all purchases.
BankAmericard®: This card is great for those seeking a long 0% APR period for both purchases and balance transfers, with additional perks like free access to your FICO score.
Chase Freedom Flex Credit Card: An excellent option for high cash back rates and a diverse rewards program, with a 0% intro APR for 15 months.
Chase Freedom Unlimited credit card: Offers valuable travel and consumer protections, along with a 0% introductory APR for 15 months on purchases and balance transfers.
Amex EveryDay® Credit Card: Well-suited for regular shoppers and frequent travelers, this card provides a 0% intro APR for 15 months and valuable Membership Rewards points.
Bank of America Customized Cash Rewards: Ideal for those seeking flexible reward options, especially in categories where they spend the most, with a $200 bonus after spending $1,000 in the first 90 days.
No matter which card you choose, keep in mind that all interest rates, terms, and fees are subject to change. Make sure to thoroughly review the details of each card before making a decision.