Best Balance Transfer Credit Cards of 2023

Credit card debt can be a major burden for many people. With high interest rates, it can be difficult to make progress on paying off your balances. One option that can help you save money and pay off your debt more quickly is a balance transfer credit card. These cards allow you to transfer your existing balances from high-interest cards to a new card with a lower interest rate or even a 0% introductory rate. This can help you save money on interest charges and pay off your debt faster.

Here are some of the best balance transfer credit cards of 2023:

Chase Slate

The Chase Slate card is one of the best options for balance transfers. It offers a 0% introductory APR for 15 months on both balance transfers and purchases, which is one of the longest introductory periods available. There is no balance transfer fee during the first 60 days of account opening, which can save you a significant amount of money. After the introductory period, the APR ranges from 14.99% to 23.74%, depending on your creditworthiness.

Citi Simplicity

The Citi Simplicity card is another great option for balance transfers. It offers a 0% introductory APR for 18 months on balance transfers, which is one of the longest introductory periods available. There is no annual fee or late payment fee, which can make it easier to manage your finances. However, there is a balance transfer fee of 3% (minimum $5) on each transfer. After the introductory period, the APR ranges from 14.74% to 24.74%, depending on your creditworthiness.

Discover it

The Discover it card offers a 0% introductory APR for 14 months on balance transfers and purchases. There is no annual fee, and you can earn cash back rewards on your purchases. Discover will also match all the cash back you earn during your first year, which can be a significant amount of money. However, there is a balance transfer fee of 3% on each transfer. After the introductory period, the APR ranges from 11.99% to 22.99%, depending on your creditworthiness.

Wells Fargo Platinum

The Wells Fargo Platinum card offers a 0% introductory APR for 18 months on balance transfers and purchases. There is no annual fee, and you can receive up to $600 in cell phone protection if you pay your cell phone bill with your card. However, there is a balance transfer fee of 3% (minimum $5) on each transfer. After the introductory period, the APR ranges from 16.49% to 24.49%, depending on your creditworthiness.

BankAmericard Credit Card

The BankAmericard Credit Card offers a 0% introductory APR for 18 billing cycles on balance transfers made within the first 60 days of account opening. There is no annual fee, and you can receive overdraft protection for your Bank of America checking account. However, there is a balance transfer fee of 3% (minimum $10) on each transfer. After the introductory period, the APR ranges from 14.49% to 24.49%, depending on your creditworthiness.

When choosing a balance transfer credit card, it is important to consider the introductory period, the balance transfer fee, and the ongoing APR. The longer the introductory period, the more time you will have to pay off your balances without accruing interest charges. However, it is also important to consider the balance transfer fee, which can be a significant cost. Look for cards with low or no balance transfer fees, especially if you plan to transfer a large balance.