7 Best Balance Transfer Credit Cards: Comparison and Review
- Written by:
- Arin Baghermian
7 Best Balance Transfer Credit Cards: Comparison and Review
- Written by:
- Arin Baghermian
Join us as we explore balance transfer credit cards, revealing their benefits and guiding you in choosing the perfect card for your financial needs. Our comparison aims to simplify your decision-making, ensuring you make the most of the features tailored to your situation. Let’s uncover how balance transfer credit cards can enhance your financial flexibility.
BENEFITS OF BALANCE TRANSFER CREDIT CARDS
Balance transfer credit cards present a range of benefits that can assist in managing debt and promoting financial stability. Some of these benefits include:
- Lower interest rates: Many balance transfer credit cards offer a lower interest rate, often as an introductory promotion, which can save you a substantial amount on interest payments.
- Consolidate debts: Transferring multiple debts onto a single credit card can simplify your financial management and make it easier to keep track of payments.
- Interest-free period: Some balance transfer credit cards feature an interest-free period, allowing you to pay off your debt without accruing additional interest charges.
- Improve credit score: By consolidating debts and making timely payments, a balance transfer credit card can potentially help improve your credit score over time.
HOW TO CHOOSE THE RIGHT BALANCE TRANSFER CREDIT CARD
With a multitude of balance transfer credit cards available, finding the right one can be a challenge. Here are some factors to consider when selecting a balance transfer credit card:
- Interest rate: Seek a credit card with a low or 0% introductory interest rate to maximize your savings on interest payments.
- Introductory period: Evaluate the length of the interest-free or low-interest period and ensure it’s sufficient for you to pay off your debt.
- Balance transfer fee: Some cards charge a fee to transfer your balance, so consider whether this cost is outweighed by the potential interest savings.
- Terms and conditions: Carefully review the terms and conditions, including any ongoing interest rates and fees, to ensure the card aligns with your financial goals.
Editor's Note:
The financial institution, credit card provider, or other promotional partner did not supply or sponsor this material. The views shared in this article are exclusively those of the author and have not undergone review, approval, or endorsement by the advertising party. This website may receive financial compensation from the bank, credit card issuer, or another advertiser.
What's New
Join us as we explore balance transfer credit cards, revealing their benefits and guiding you in choosing the perfect card for your financial needs. Our comparison aims to simplify your decision-making, ensuring you make the most of the features tailored to your situation. Let’s uncover how balance transfer credit cards can enhance your financial flexibility.
BENEFITS OF BALANCE TRANSFER CREDIT CARDS
Balance transfer credit cards present a range of benefits that can assist in managing debt and promoting financial stability. Some of these benefits include:
Lower interest rates
Many balance transfer credit cards offer a lower interest rate, often as an introductory promotion, which can save you a substantial amount on interest payments.
Consolidate debts
Transferring multiple debts onto a single credit card can simplify your financial management and make it easier to keep track of payments.
Interest-free period
Some balance transfer credit cards feature an interest-free period, allowing you to pay off your debt without accruing additional interest charges.
Improve credit score
By consolidating debts and making timely payments, a balance transfer credit card can potentially help improve your credit score over time.
HOW TO CHOOSE THE RIGHT BALANCE TRANSFER CREDIT CARD
With a multitude of balance transfer credit cards available, finding the right one can be a challenge. Here are some factors to consider when selecting a balance transfer credit card:
Interest rate
Seek a credit card with a low or 0% introductory interest rate to maximize your savings on interest payments.
Introductory period
Evaluate the length of the interest-free or low-interest period and ensure it’s sufficient for you to pay off your debt.
Balance transfer fee
Some cards charge a fee to transfer your balance, so consider whether this cost is outweighed by the potential interest savings.
Terms and conditions
Carefully review the terms and conditions, including any ongoing interest rates and fees, to ensure the card aligns with your financial goals.
Editor's Note
The financial institution, credit card provider, or other promotional partner did not supply or sponsor this material. The views shared in this article are exclusively those of the author and have not undergone review, approval, or endorsement by the advertising party. This website may receive financial compensation from the bank, credit card issuer, or another advertiser.
Chase Freedom Unlimited
Key Features
Rewards Program Extended Warranty Purchase Protection Auto rental collision damage waiver
Consider the Chase Freedom Unlimited card if you want to transfer a balance or make a big purchase with no annual fee. You’ll get 0% intro APR, 1.5% cash back, and a $200 bonus after spending $500 in the first three months.
| Intro APR | 0% for 15 months |
| Regular APR | 19.49%-28.24% |
| Annual Fee | $0 |
| Intro Offer | $200 |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Chase Freedom Unlimited Card offers 1.5% cash back on all purchases, with no limits on the amount you can earn. Cardholders can also enjoy a 0% intro APR on balance transfers for the first 15 months from account opening, making it an attractive option for those looking to consolidate their debt.
Sign-Up Bonus
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. This introductory offer is available to new cardmembers who have not received a new cardmember bonus for any Chase Freedom Unlimited Card in the past 24 months.
Annual Fee
The Chase Freedom Unlimited Card has no annual fee, making it a cost-effective choice for those seeking a rewards credit card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for the first 15 months from account opening. After the intro period, a variable APR of 14.99% – 23.74% will apply. Balance transfers must be completed within 60 days of account opening to qualify for the promotional rate.
Additional Perks
The Chase Freedom Unlimited Card also comes with a few extra benefits, such as:
- Purchase protection, which covers eligible purchases against damage or theft for up to 120 days from the date of purchase.
- Extended warranty, which adds up to one additional year to the original manufacturer’s warranty on eligible purchases.
Drawbacks
The primary drawbacks of the Chase Freedom Unlimited Card include the lack of travel-related benefits and rewards, as well as the balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater. Additionally, the 1.5% cash back rate may be lower than the rewards earning rates on some other cash back cards, especially those that offer bonus categories or tiered rewards.
Chase Freedom Unlimited
Key Features
Consider the Chase Freedom Unlimited card if you want to transfer a balance or make a big purchase with no annual fee. You’ll get 0% intro APR, 1.5% cash back, and a $200 bonus after spending $500 in the first three months.
Rewards Program Extended Warranty Purchase Protection Auto rental collision damage waiver
| Intro APR | 0% for 15 months |
| Regular APR | 19.49%-28.24% |
| Annual Fee | $0 |
| Intro Offer | $200 |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Chase Freedom Unlimited Card offers 1.5% cash back on all purchases, with no limits on the amount you can earn. Cardholders can also enjoy a 0% intro APR on balance transfers for the first 15 months from account opening, making it an attractive option for those looking to consolidate their debt.
Sign-Up Bonus
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. This introductory offer is available to new cardmembers who have not received a new cardmember bonus for any Chase Freedom Unlimited Card in the past 24 months.
Annual Fee
The Chase Freedom Unlimited Card has no annual fee, making it a cost-effective choice for those seeking a rewards credit card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for the first 15 months from account opening. After the intro period, a variable APR of 14.99% – 23.74% will apply. Balance transfers must be completed within 60 days of account opening to qualify for the promotional rate.
Additional Perks
The Chase Freedom Unlimited Card also comes with a few extra benefits, such as:
- Purchase protection, which covers eligible purchases against damage or theft for up to 120 days from the date of purchase.
- Extended warranty, which adds up to one additional year to the original manufacturer’s warranty on eligible purchases.
Drawbacks
The primary drawbacks of the Chase Freedom Unlimited Card include the lack of travel-related benefits and rewards, as well as the balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater. Additionally, the 1.5% cash back rate may be lower than the rewards earning rates on some other cash back cards, especially those that offer bonus categories or tiered rewards.
Bank Americard credit card
Key Features
Low regular APR Free access to FICO score Overdraft protection No annual fees
The Bank of America BankAmericard credit card is a good choice for balance transfers with a long 0% intro APR for the first 21 billing cycles, no annual fee, and a low regular APR.
| Intro APR | 0% for 21 billing cycles |
| Regular APR | 15.49%-25.49% |
| Annual Fee | $0 |
| Intro Offer | N/A |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The BankAmericard credit card is primarily focused on balance transfer benefits rather than rewards. As such, this card does not offer any cash back, points, or miles on purchases. However, it is an attractive option for those looking to consolidate their debt with a balance transfer offer.
Sign-Up Bonus
The BankAmericard credit card does not offer a traditional sign-up bonus in the form of cash back, points, or miles. Instead, new cardmembers can take advantage of a 0% introductory APR on purchases and balance transfers for the first 18 billing cycles from account opening.
Annual Fee
The BankAmericard credit card has no annual fee, making it an appealing choice for those seeking a balance transfer card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for the first 18 billing cycles from account opening. After the intro period, a variable APR of 12.99% – 22.99% will apply. Balance transfers must be completed within 60 days of account opening to qualify for the promotional rate. Additionally, there is no balance transfer fee for transactions made within the first 60 days of account opening.
Additional Perks
The BankAmericard credit card also comes with a few extra benefits, such as:
- Access to your FICO Score, allowing you to monitor your credit health for free.
- Overdraft protection when you link your eligible Bank of America checking account to your BankAmericard credit card.
- $0 liability guarantee, which protects you from unauthorized transactions made with your card or account information.
Drawbacks
The main drawbacks of the BankAmericard credit card include the lack of any rewards earning structure and the absence of travel-related benefits. Furthermore, while the card does offer a 0% introductory APR on purchases, it may not be the best option for those primarily seeking a rewards credit card. Additionally, after the first 60 days, balance transfers will incur a fee of either $10 or 3% of the amount of each transfer, whichever is greater.
bank americard credit card
Key Features
The Bank of America BankAmericard credit card is a good choice for balance transfers with a long 0% intro APR for the first 21 billing cycles, no annual fee, and a low regular APR.
Low regular APR Free access to FICO score Overdraft protection No annual fees
| Intro APR | 0% for 21 billing cycles |
| Regular APR | 15.49%-25.49% |
| Annual Fee | $0 |
| Intro Offer | N/A |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The BankAmericard credit card is primarily focused on balance transfer benefits rather than rewards. As such, this card does not offer any cash back, points, or miles on purchases. However, it is an attractive option for those looking to consolidate their debt with a balance transfer offer.
Sign-Up Bonus
The BankAmericard credit card does not offer a traditional sign-up bonus in the form of cash back, points, or miles. Instead, new cardmembers can take advantage of a 0% introductory APR on purchases and balance transfers for the first 18 billing cycles from account opening.
Annual Fee
The BankAmericard credit card has no annual fee, making it an appealing choice for those seeking a balance transfer card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for the first 18 billing cycles from account opening. After the intro period, a variable APR of 12.99% – 22.99% will apply. Balance transfers must be completed within 60 days of account opening to qualify for the promotional rate. Additionally, there is no balance transfer fee for transactions made within the first 60 days of account opening.
Additional Perks
The BankAmericard credit card also comes with a few extra benefits, such as:
- Access to your FICO Score, allowing you to monitor your credit health for free.
- Overdraft protection when you link your eligible Bank of America checking account to your BankAmericard credit card.
- $0 liability guarantee, which protects you from unauthorized transactions made with your card or account information.
Drawbacks
The main drawbacks of the BankAmericard credit card include the lack of any rewards earning structure and the absence of travel-related benefits. Furthermore, while the card does offer a 0% introductory APR on purchases, it may not be the best option for those primarily seeking a rewards credit card. Additionally, after the first 60 days, balance transfers will incur a fee of either $10 or 3% of the amount of each transfer, whichever is greater.
Amex Everyday Credit Card
Key Features
Rewards program Introductory 0% APR Sign up bonus points Discounts and special offers
We chose the American Express Everyday credit card as a top pick for its strong rewards program, generous sign-up bonus, a 0% intro APR on purchases and balance transfers for the first 15 months, no annual fee, and access to the Amex Offers program.
| Intro APR | 0% for 15 months |
| Regular APR | 17.74%-28.74% |
| Annual Fee | $0 |
| Intro Offer | 10,000 bonus points |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Amex EveryDay Credit Card offers a rewards structure based on Membership Rewards points. Cardholders earn 2 points per dollar spent at U.S. supermarkets on up to $6,000 per year in purchases (then 1 point per dollar), and 1 point per dollar spent on all other purchases. Additionally, if you use your card for 20 or more purchases in a billing period, you will earn a 20% points bonus on those purchases.
Sign-Up Bonus
Earn 10,000 Membership Rewards points after you spend $1,000 in purchases on your new card within the first 3 months of card membership. This introductory offer is available to new cardmembers who have not received a welcome offer for the Amex EveryDay Credit Card in the past.
Annual Fee
The Amex EveryDay Credit Card has no annual fee, making it an appealing choice for those seeking a rewards credit card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for the first 15 months from account opening. After the intro period, a variable APR of 12.99% – 23.99% will apply. To take advantage of the promotional rate, balance transfers must be requested within 60 days of account opening. Please note that there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Additional Perks
The Amex EveryDay Credit Card comes with a few extra benefits, such as:
- Access to the Amex Offers program, where you can find discounts and special offers at select merchants.
- Entertainment Access, which provides exclusive access to ticket presales and cardmember-only events.
- Global Assist Hotline, which offers 24/7 assistance for travel emergencies, such as lost passports or medical referrals.
- Purchase protection, which covers eligible purchases against damage or theft for up to 90 days from the date of purchase.
- Extended warranty, which adds up to one additional year to the original manufacturer’s warranty on eligible purchases.
Drawbacks
The primary drawbacks of the Amex EveryDay Credit Card include the balance transfer fee and the cap on rewards earning at U.S. supermarkets. Additionally, American Express cards may not be as widely accepted as Visa or Mastercard, particularly in some international locations. Lastly, this card does not offer premium travel benefits such as airport lounge access or travel credits.
AMEX Everyday Credit Card
Key Features
We chose the American Express Everyday credit card as a top pick for its strong rewards program, generous sign-up bonus, a 0% intro APR on purchases and balance transfers for the first 15 months, no annual fee, and access to the Amex Offers program.
Rewards program Introductory 0% APR Sign up bonus points Discounts and special offers
| Intro APR | 0% for 15 months |
| Regular APR | 17.74%-28.74% |
| Annual Fee | $0 |
| Intro Offer | 10,000 bonus points |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Amex EveryDay Credit Card offers a rewards structure based on Membership Rewards points. Cardholders earn 2 points per dollar spent at U.S. supermarkets on up to $6,000 per year in purchases (then 1 point per dollar), and 1 point per dollar spent on all other purchases. Additionally, if you use your card for 20 or more purchases in a billing period, you will earn a 20% points bonus on those purchases.
Sign-Up Bonus
Earn 10,000 Membership Rewards points after you spend $1,000 in purchases on your new card within the first 3 months of card membership. This introductory offer is available to new cardmembers who have not received a welcome offer for the Amex EveryDay Credit Card in the past.
Annual Fee
The Amex EveryDay Credit Card has no annual fee, making it an appealing choice for those seeking a rewards credit card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for the first 15 months from account opening. After the intro period, a variable APR of 12.99% – 23.99% will apply. To take advantage of the promotional rate, balance transfers must be requested within 60 days of account opening. Please note that there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Additional Perks
The Amex EveryDay Credit Card comes with a few extra benefits, such as:
- Access to the Amex Offers program, where you can find discounts and special offers at select merchants.
- Entertainment Access, which provides exclusive access to ticket presales and cardmember-only events.
- Global Assist Hotline, which offers 24/7 assistance for travel emergencies, such as lost passports or medical referrals.
- Purchase protection, which covers eligible purchases against damage or theft for up to 90 days from the date of purchase.
- Extended warranty, which adds up to one additional year to the original manufacturer’s warranty on eligible purchases.
Drawbacks
The primary drawbacks of the Amex EveryDay Credit Card include the balance transfer fee and the cap on rewards earning at U.S. supermarkets. Additionally, American Express cards may not be as widely accepted as Visa or Mastercard, particularly in some international locations. Lastly, this card does not offer premium travel benefits such as airport lounge access or travel credits.
Bank of America Customized Cash Rewards
Key Features
Rewards program Sign up bonus No annual fee Preferred rewards
The Bank of America Cash Rewards credit card offers a 0% intro APR on purchases and balance transfers, high cash back rewards, a $200 sign-up bonus, no annual fee, and the opportunity to earn additional rewards through the Preferred Rewards program.
| Intro APR | 0% for 18 billing cycles |
| Regular APR | 17.49%-27.49% |
| Annual Fee | $0 |
| Intro Offer | $200 |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Bank of America Customized Cash Rewards credit card offers a tiered rewards structure that allows cardholders to earn cash back on their purchases. You can earn 3% cash back in the category of your choice (from a list of six categories), 2% cash back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), and 1% cash back on all other purchases.
Sign-Up Bonus
Earn a $200 online cash rewards bonus after you spend at least $1,000 on purchases within the first 90 days of account opening. This introductory offer is available to new cardmembers who have not received a new cardmember bonus for the Bank of America Customized Cash Rewards credit card in the past.
Annual Fee
The Bank of America Customized Cash Rewards credit card has no annual fee, making it an attractive choice for those seeking a cash back rewards card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers made within the first 60 days of account opening for the first 15 billing cycles. After the intro period, a variable APR of 13.99% – 23.99% will apply. To take advantage of the promotional rate, balance transfers must be requested within 60 days of account opening. Please note that there is a balance transfer fee of either $10 or 3% of the amount of each transfer, whichever is greater.
Additional Perks
The Bank of America Customized Cash Rewards credit card comes with a few extra benefits, such as:
- Access to your FICO Score, allowing you to monitor your credit health for free.
- Overdraft protection when you link your eligible Bank of America checking account to your credit card.
- $0 liability guarantee, which protects you from unauthorized transactions made with your card or account information.
- Additional cash back rewards for Bank of America Preferred Rewards members, with bonuses ranging from 25% to 75% on every purchase.
Drawbacks
The primary drawbacks of the Bank of America Customized Cash Rewards credit card include the balance transfer fee and the cap on rewards earning at grocery stores and wholesale clubs. Additionally, this card does not offer premium travel benefits such as airport lounge access or travel credits, and the rewards structure may be less appealing to those who prefer a flat-rate cash back card.
b of a customized cash rewards
Key Features
The Bank of America Cash Rewards credit card offers a 0% intro APR on purchases and balance transfers, high cash back rewards, a $200 sign-up bonus, no annual fee, and the opportunity to earn additional rewards through the Preferred Rewards program.
Rewards program Sign up bonus No annual fee Preferred rewards
| Intro APR | 0% for 18 billing cycles |
| Regular APR | 17.74%-27.49% |
| Annual Fee | $0 |
| Intro Offer | $200 |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Bank of America Customized Cash Rewards credit card offers a tiered rewards structure that allows cardholders to earn cash back on their purchases. You can earn 3% cash back in the category of your choice (from a list of six categories), 2% cash back at grocery stores and wholesale clubs (on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter), and 1% cash back on all other purchases.
Sign-Up Bonus
Earn a $200 online cash rewards bonus after you spend at least $1,000 on purchases within the first 90 days of account opening. This introductory offer is available to new cardmembers who have not received a new cardmember bonus for the Bank of America Customized Cash Rewards credit card in the past.
Annual Fee
The Bank of America Customized Cash Rewards credit card has no annual fee, making it an attractive choice for those seeking a cash back rewards card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers made within the first 60 days of account opening for the first 15 billing cycles. After the intro period, a variable APR of 13.99% – 23.99% will apply. To take advantage of the promotional rate, balance transfers must be requested within 60 days of account opening. Please note that there is a balance transfer fee of either $10 or 3% of the amount of each transfer, whichever is greater.
Additional Perks
The Bank of America Customized Cash Rewards credit card comes with a few extra benefits, such as:
- Access to your FICO Score, allowing you to monitor your credit health for free.
- Overdraft protection when you link your eligible Bank of America checking account to your credit card.
- $0 liability guarantee, which protects you from unauthorized transactions made with your card or account information.
- Additional cash back rewards for Bank of America Preferred Rewards members, with bonuses ranging from 25% to 75% on every purchase.
Drawbacks
The primary drawbacks of the Bank of America Customized Cash Rewards credit card include the balance transfer fee and the cap on rewards earning at grocery stores and wholesale clubs. Additionally, this card does not offer premium travel benefits such as airport lounge access or travel credits, and the rewards structure may be less appealing to those who prefer a flat-rate cash back card.
Discover It
Key Features
No Annual Fee No foreign transaction fees High cash back rewards rate on rotating categories Matches all cashback earned in the first yea 
The Discover it Cash Back card offers 5% cash back on rotating categories, such as gas, groceries, and restaurants. It also has a unique feature that matches all the cashback earned in the first year.
| Intro APR | 0% for 15 months |
| Regular APR | 18.49%-28.49% |
| Annual Fee | $0 |
| Intro Offer | Cash Back Match |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Discover It Card offers 5% cashback on up to $1,500 in purchases made in rotating quarterly categories, and 1% cashback on all other purchases. These categories typically include popular spending areas such as restaurants, gas stations, and online shopping. Cardholders must activate the bonus categories each quarter to earn the 5% cashback rate.
Sign-Up Bonus
The card features a unique sign-up bonus called “Cashback Match.” Discover will match all cashback earned by the cardholder at the end of their first year of membership, effectively doubling their cashback rewards for that year.
Annual Fee
The Discover It Card has no annual fee, making it an attractive option for those seeking a cashback credit card without the added cost of an annual fee.
Travel Benefits
While the card is primarily a cashback card, it does offer some basic travel benefits, including:
- No foreign transaction fees on purchases made outside the United States.
- Discover’s acceptance at over 190 countries and territories around the world.
Additional Perks
The Discover It Card also offers several additional benefits, such as:
- Free access to your FICO credit score, allowing you to monitor your credit health.
- Freeze It feature, which allows you to temporarily freeze your account in case of misplaced or stolen cards.
- 100% U.S.-based customer service, providing quick and helpful assistance.
Drawbacks
The main drawbacks of the Discover It Card include the need to activate bonus categories each quarter, which may be inconvenient for some cardholders, and the limited acceptance of Discover cards compared to Visa or Mastercard, particularly in some international locations. Additionally, the card does not offer some premium travel benefits found on higher-tier credit cards.
DISCOVER IT
Key Features
The Discover it Cash Back card offers 5% cash back on rotating categories, such as gas, groceries, and restaurants. It also has a unique feature that matches all the cashback earned in the first year.
No Annual Fee No foreign transaction fees High cash back rewards rate on rotating categories Matches all cashback earned in the first year
| Intro APR | 0% for 15 months |
| Regular APR | 18.49%-27.49% |
| Annual Fee | $0 |
| Intro Offer | Cash back match |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Discover It Card offers 5% cashback on up to $1,500 in purchases made in rotating quarterly categories, and 1% cashback on all other purchases. These categories typically include popular spending areas such as restaurants, gas stations, and online shopping. Cardholders must activate the bonus categories each quarter to earn the 5% cashback rate.
Sign-Up Bonus
The card features a unique sign-up bonus called “Cashback Match.” Discover will match all cashback earned by the cardholder at the end of their first year of membership, effectively doubling their cashback rewards for that year.
Annual Fee
The Discover It Card has no annual fee, making it an attractive option for those seeking a cashback credit card without the added cost of an annual fee.
Travel Benefits
While the card is primarily a cashback card, it does offer some basic travel benefits, including:
- No foreign transaction fees on purchases made outside the United States.
- Discover’s acceptance at over 190 countries and territories around the world.
Additional Perks
The Discover It Card also offers several additional benefits, such as:
- Free access to your FICO credit score, allowing you to monitor your credit health.
- Freeze It feature, which allows you to temporarily freeze your account in case of misplaced or stolen cards.
- 100% U.S.-based customer service, providing quick and helpful assistance.
Drawbacks
The main drawbacks of the Discover It Card include the need to activate bonus categories each quarter, which may be inconvenient for some cardholders, and the limited acceptance of Discover cards compared to Visa or Mastercard, particularly in some international locations. Additionally, the card does not offer some premium travel benefits found on higher-tier credit cards.
CITI Simplicity
Key Features
No late fees or penalty rate Free access to FICO score Fraud protection No annual fees
The Citi Simplicity card offers 0% APR on purchases for 12 months and on balance transfers for 21 months (from account opening/first transfer). After that, the APR is 18.74%-29.49%. There’s no annual fee, and balance transfer fees are $5 or 3% (introductory) / $5 or 5% (after 4 months).
| Intro APR | 0% for 21 months |
| Regular APR | 18.74%-29.49% |
| Annual Fee | $0 |
| Intro Offer | N/A |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Citi Simplicity credit card is primarily focused on balance transfer benefits and simplicity, rather than rewards. As such, this card does not offer any cash back, points, or miles on purchases. However, it is an attractive option for those looking to consolidate their debt with a balance transfer offer or those seeking a credit card with no late fees or penalty rates.
Sign-Up Bonus
The Citi Simplicity credit card does not offer a traditional sign-up bonus in the form of cash back, points, or miles. Instead, new cardmembers can take advantage of a 0% introductory APR on balance transfers for 21 months from the date of the first transfer, as well as a 0% introductory APR on purchases for 12 months from account opening.
Annual Fee
The Citi Simplicity credit card has no annual fee, making it an appealing choice for those seeking a balance transfer card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for 21 months from the date of the first transfer, which is longer than most balance transfer offers available. After the intro period, a variable APR of 14.74% – 24.74% will apply. To take advantage of the promotional rate, balance transfers must be completed within 4 months of account opening. Please note that there is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
Additional Perks
The Citi Simplicity credit card comes with a few extra benefits focused on simplicity, such as:
- No late fees or penalty rates, providing flexibility for those who occasionally miss a payment due date.
- Citi Identity Theft Solutions, which offers assistance in the event of identity theft or unauthorized use of your account information.
- Citi Entertainment, which provides access to special events, presale tickets, and exclusive experiences.
Drawbacks
The main drawbacks of the Citi Simplicity credit card include the lack of any rewards earning structure and the absence of travel-related benefits. Furthermore, while the card does offer a 0% introductory APR on purchases and balance transfers, it may not be the best option for those primarily seeking a rewards credit card. Additionally, the balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, may be higher than that of some other balance transfer cards.
CITI Simplicity
Key Features
The Citi Simplicity card offers 0% APR on purchases for 12 months and on balance transfers for 21 months (from account opening/first transfer). After that, the APR is 18.74%-29.49%. There’s no annual fee, and balance transfer fees are $5 or 3% (introductory) / $5 or 5% (after 4 months).
No late fees or penalty rate Free access to FICO score Fraud protection No annual fees
| Intro APR | 0% for 21 months |
| Regular APR | 18.74%-29.49% |
| Annual Fee | $0 |
| Intro Offer | N/A |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Citi Simplicity credit card is primarily focused on balance transfer benefits and simplicity, rather than rewards. As such, this card does not offer any cash back, points, or miles on purchases. However, it is an attractive option for those looking to consolidate their debt with a balance transfer offer or those seeking a credit card with no late fees or penalty rates.
Sign-Up Bonus
The Citi Simplicity credit card does not offer a traditional sign-up bonus in the form of cash back, points, or miles. Instead, new cardmembers can take advantage of a 0% introductory APR on balance transfers for 21 months from the date of the first transfer, as well as a 0% introductory APR on purchases for 12 months from account opening.
Annual Fee
The Citi Simplicity credit card has no annual fee, making it an appealing choice for those seeking a balance transfer card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on balance transfers for 21 months from the date of the first transfer, which is longer than most balance transfer offers available. After the intro period, a variable APR of 14.74% – 24.74% will apply. To take advantage of the promotional rate, balance transfers must be completed within 4 months of account opening. Please note that there is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
Additional Perks
The Citi Simplicity credit card comes with a few extra benefits focused on simplicity, such as:
- No late fees or penalty rates, providing flexibility for those who occasionally miss a payment due date.
- Citi Identity Theft Solutions, which offers assistance in the event of identity theft or unauthorized use of your account information.
- Citi Entertainment, which provides access to special events, presale tickets, and exclusive experiences.
Drawbacks
The main drawbacks of the Citi Simplicity credit card include the lack of any rewards earning structure and the absence of travel-related benefits. Furthermore, while the card does offer a 0% introductory APR on purchases and balance transfers, it may not be the best option for those primarily seeking a rewards credit card. Additionally, the balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, may be higher than that of some other balance transfer cards.
Wells Fargo Reflect
Key Features
Cell phone protection Free access to FICO score 24/7 Roadside assistance Fraud protection
The Wells Fargo Reflect Visa credit card offers a 0% intro APR for the first 21 months on purchases and qualifying balance transfers (with a balance transfer fee of 3% or $5). There’s no annual fee, and cardholders can enjoy up to $600 in Cell Phone Protection when they pay their bill with the card.
| Intro APR | 0% for 21 months |
| Regular APR | 17.74%-29.74% |
| Annual Fee | $0 |
| Intro Offer | N/A |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Wells Fargo Reflect Card is focused on providing a lengthy 0% introductory APR period for both purchases and balance transfers, rather than offering a rewards structure. As such, this card does not offer any cash back, points, or miles on purchases. However, it is an attractive option for those looking to finance large purchases or consolidate their debt with a balance transfer offer.
Sign-Up Bonus
The Wells Fargo Reflect Card does not offer a traditional sign-up bonus in the form of cash back, points, or miles. Instead, new cardmembers can take advantage of a 0% introductory APR on purchases and qualifying balance transfers for 18 months from account opening. The introductory APR period can be extended up to 3 additional months (for a total of up to 21 months) if cardholders make on-time minimum payments during the first 18 months.
Annual Fee
The Wells Fargo Reflect Card has no annual fee, making it an appealing choice for those seeking a balance transfer or long introductory APR card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on purchases and qualifying balance transfers for 18 months from account opening. After the intro period, a variable APR of 12.99% – 24.99% will apply. To take advantage of the promotional rate, balance transfers must be requested within 120 days of account opening. Please note that there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, for the first 120 days. After that, the fee will be either $5 or 5% of the amount of each transfer, whichever is greater.
Additional Perks
The Wells Fargo Reflect Card comes with a few extra benefits, such as:
- Cell phone protection, which offers up to $600 in coverage per claim against damage or theft when you pay your monthly cell phone bill with your card (subject to a $25 deductible).
- Access to your FICO Credit Score, allowing you to monitor your credit health for free.
- Overdraft protection when you link your eligible Wells Fargo checking account to your credit card.
- Zero liability protection, which protects you from unauthorized transactions made with your card or account information.
Drawbacks
The main drawbacks of the Wells Fargo Reflect Card include the lack of any rewards earning structure and the absence of travel-related benefits. Additionally, while the card does offer a long 0% introductory APR on purchases and balance transfers, it may not be the best option for those primarily seeking a rewards credit card. Furthermore, the balance transfer fee may be higher than that of some other balance transfer cards after the first 120 days.
Wells Fargo Reflect
Key Features
The Wells Fargo Reflect Visa credit card offers a 0% intro APR for the first 21 months on purchases and qualifying balance transfers (with a balance transfer fee of 3% or $5). There’s no annual fee, and cardholders can enjoy up to $600 in Cell Phone Protection when they pay their bill with the card.
Cell phone protection Free access to FICO score 24/7 Roadside assistance Fraud protection
| Intro APR | 0% for 21 months |
| Regular APR | 17.74%-29.74% |
| Annual Fee | $0 |
| Intro Offer | N/A |
| Credit Requirement | Good - Excellent |
Rewards and Earning Rates
The Wells Fargo Reflect Card is focused on providing a lengthy 0% introductory APR period for both purchases and balance transfers, rather than offering a rewards structure. As such, this card does not offer any cash back, points, or miles on purchases. However, it is an attractive option for those looking to finance large purchases or consolidate their debt with a balance transfer offer.
Sign-Up Bonus
The Wells Fargo Reflect Card does not offer a traditional sign-up bonus in the form of cash back, points, or miles. Instead, new cardmembers can take advantage of a 0% introductory APR on purchases and qualifying balance transfers for 18 months from account opening. The introductory APR period can be extended up to 3 additional months (for a total of up to 21 months) if cardholders make on-time minimum payments during the first 18 months.
Annual Fee
The Wells Fargo Reflect Card has no annual fee, making it an appealing choice for those seeking a balance transfer or long introductory APR card without the added expense of yearly fees.
Balance Transfer Benefits
The card offers a 0% intro APR on purchases and qualifying balance transfers for 18 months from account opening. After the intro period, a variable APR of 12.99% – 24.99% will apply. To take advantage of the promotional rate, balance transfers must be requested within 120 days of account opening. Please note that there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, for the first 120 days. After that, the fee will be either $5 or 5% of the amount of each transfer, whichever is greater.
Additional Perks
The Wells Fargo Reflect Card comes with a few extra benefits, such as:
- Cell phone protection, which offers up to $600 in coverage per claim against damage or theft when you pay your monthly cell phone bill with your card (subject to a $25 deductible).
- Access to your FICO Credit Score, allowing you to monitor your credit health for free.
- Overdraft protection when you link your eligible Wells Fargo checking account to your credit card.
- Zero liability protection, which protects you from unauthorized transactions made with your card or account information.
Drawbacks
The main drawbacks of the Wells Fargo Reflect Card include the lack of any rewards earning structure and the absence of travel-related benefits. Additionally, while the card does offer a long 0% introductory APR on purchases and balance transfers, it may not be the best option for those primarily seeking a rewards credit card. Furthermore, the balance transfer fee may be higher than that of some other balance transfer cards after the first 120 days.
