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The Best Balance Transfer Cards for 2023

The Best Balance Transfer Cards for 2023

The average American has $5,525 in credit card debt. And cumulatively, Americans have racked up a whopping $925 billion in credit card debt! With rapidly increasing interest rates, your balance can quickly sneak up on you. Then you end up paying far more than you originally charged. If you're interested in seeing a deeper dive on these statistics, our friends over at lendingtree.com have a great article.

Taking into consideration of your increasing credit card debt, a balance transfer card might be your next step to paying down your debt. You can take advantage of a low to zero introductory APR to make payments, so most of what you pay goes toward principal rather than interest.

If you’re looking to do a balance transfer, here are the best credit cards available from CreditSoup.com.

1. Chase Slate EdgeSM

Make moves toward your credit goals with 0% intro APR for 18 months on purchases and balance transfers. A variable APR of 20.49% - 29.24% on balance transfers and purchases after the introductory period ends. Balance transfer fee applies, see pricing and terms for more details.

This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months. Other perks are that it has No Annual Fee, and you'll get an automatic, one-time review for a higher credit limit when you pay on time and spend $500 in the first 6 months. Also, they offer an annual APR reduction if you spend more than $1,000 and make all payments on time in the first year.

2. Chase Freedom Unlimited®

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Chase Freedom Unlimited®
Editor’s Rating: 4.7
4.7
Unlimited Matched Cash Back. Use your card for all your purchases and at the end of your first year, Chase will automatically match all the cash back you earned! There is no limit to how much you can earn. Every dollar in cash back rewards you earn is a dollar Chase will match. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months. It also comes with 0% intro APR for 15 months from account opening on purchases and balance transfers. After the intro period, a variable APR of 20.49% - 29.24%. Balance transfer fee applies, see pricing and terms for more details.



3. Citi® Diamond Preferred® Card

0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.24% - 28.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening. There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater. Also get free access to your FICO® Score online.

Saving the best for last, take the "once" out of once in a lifetime. Get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more with Citi Entertainment®!

*This content is not provided by the issuer. Any opinions expressed are those of the CreditSoup alone, and have not been reviewed, approved or otherwise endorsed by the issuer

4. Citi Rewards+® Card

Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com

0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 17.74% - 27.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.

The Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.

No Annual Fee

*This content is not provided by the issuer. Any opinions expressed are those of the CreditSoup alone, and have not been reviewed, approved or otherwise endorsed by the issuer

Applying for a Balance Transfer

Taking advantage of a card’s balance transfer introductory offer is a smart way to manage your credit card debt. More of your payment will go toward the principal, helping you save money and pay off your debt faster.

Ready to do a balance transfer? Review credit card offers and apply online.

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Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.



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Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category.

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