Best Credit CardsBalance Transfer
Selected from 1,500+ credit cards for April 2024
Updated Apr 15, 2024Fact checked
By:John Kiernan, Credit Card Editor
|Apr 15, 2024
Reviewed by:Alina Comoreanu, Senior Researcher
Fact checked
A balance transfer credit card can save you hundreds of dollars on interest and help you get out of debt much faster. According to our research, even the average balance transfer credit card has a 0% APR for around 13 months, with a 3.1% balance transfer fee and a $0 annual fee, providing a big discount compared to the average card overall. To find the best balance transfer card offers, we analyzed more than 1,500 cards based on WalletHub's proprietary 100-point card rating system.
When choosing between balance transfer credit cards, the two biggest things you should look into are the length of the 0% intro APR and the amount of the balance transfer fee, which tends to be either 3% or 5% of the amount transferred (occasionally 0%). You should only consider cards with high balance transfer fees if they have a very long 0% period to make up for it. Our balance transfer calculator can show you how much money you'd save with each card, which can help you select the right offer.
In addition, don't forget that some cards' balance transfer promotions have a time limit. If you don't make your transfer within a certain period of time after opening your account, you might not get the low introductory APR or transfer fee. It's best to make your transfer right away, so request a transfer on the application if you can.
- Citi Simplicity® Card: 0% for 21 months from account opening
- Fifth Third 1% Cash/Back Card: 0% for 21 billing cycles
- Citi® Diamond Preferred® Card: 0% for 21 months from account opening
- BankAmericard® credit card: Excellent credit
- Wells Fargo Reflect® Card: 0% for 21 months from account opening
WalletHub's best credit card picks and ratings are completely independent and not provided, commissioned, or endorsed by any issuer. In addition, our editors follow a strict editorial policy. Some offers may come from WalletHub's advertising partners. WalletHub independently collected information forsome of the cards on this page.
Overall
Best Overall
Citi Simplicity® Card
Citi Simplicity® Card
4.7WalletHub Rating
WalletHub Rating
4.7
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.7
User Reviews
3.7
Market Comparison
5.0
fees: 5.0
cost: 5.0
APR: 5.0
Learn More
Purchase intro APR
0% for 12 months
Transfer intro APR
0% for 21 months
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that
Regular APR
19.24% - 29.99% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Purchase intro APR
0% for 12 months
Transfer intro APR
0% for 21 months
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that
Regular APR
19.24% - 29.99% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Editors’ Thoughts
Thebest balance transfer credit card is the Citi Simplicity® Card because it has an introductory 0% APR for 21 months on balance transfers and a $0 annual fee. It is among the highest WalletHub rated card for balance transfers with similar terms and the same credit score requirement.
The Citi Simplicity Card has a transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that, and applicants need good credit for approval. If you decide to apply for this card, try to repay your balance before the regular interest rate kicks in. The Citi Simplicity® Card’s regular APR will cost you otherwise. It’s 19.24% - 29.99% (V), depending on your overall creditworthiness when you apply. Unfortunately, other 0% balance transfer cards aren’t any better in the regular APR department.
You can check your credit score for free on WalletHub as well as calculate how much a balance transfer could save you.
Editor's Thoughts & More Details
Pros
- 0% intro rate on balance transfers for 21 months
- 0% intro rate on new purchases for 12 months
- No annual fee
Cons
- Balance transfer fee
- High regular APR
- No rewards
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- The Citi Simplicity® Card is no longer available through WalletHub.com but may be available on the Citi website. Info about the card has been collected by us, the financial institution did not provide the details.
- No Late Fees, No Penalty Rate, and No Annual Fee... Ever
- 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 19.24% - 29.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balances transfers completed within 4 months of account opening.
- Stay protected with Citi® Quick Lock
Editor's Thoughts & More
Good/Excellent Credit
Best for Long Intro APR with Good Credit
Wells Fargo Reflect® Card
Wells Fargo Reflect® Card
4.2WalletHub Rating
WalletHub Rating
4.2
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.8
User Reviews
3.2
Market Comparison
4.1
fees: 5.0
cost: 3.3
APR: 5.0
Apply Now
0% Intro APR for 21 months from account opening on qualifying balance transfers
Purchase intro APR
0% for 21 months from account opening
Transfer intro APR
0% for 21 months from account opening on qualifying balance transfers
Transfer Fee: 5% (min $5)
Regular APR
18.24% - 29.99% Variable
Annual Fee
$0
Accepted Credit
Excellent, Good
Purchase intro APR
0% for 21 months from account opening
Transfer intro APR
0% for 21 months from account opening on qualifying balance transfers
Transfer Fee: 5% (min $5)
Regular APR
18.24% - 29.99% Variable
Annual Fee
$0
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get: The Wells Fargo Reflect® Card offers a 0% intro APR for 21 months from account opening on qualifying balance transfers and a $0 annual fee. Those features can help you save a lot of money despite the card’s balance transfer fee: 5% (min $5).
It’s also worth noting that Wells Fargo Reflect® Card is equally good at helping you avoid interest on purchases. Plus, applicants need at least good credit for good approval odds.
Editor's Thoughts & More Details
Pros
- No membership fees
- 0% intro APR on purchases
- 0% intro APR on qualifying balance transfers
- Reports to the three major credit bureaus
Cons
- No rewards
- No initial rewards bonus
- Balance transfer fee
- High regular APR
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
Editor's Thoughts & More
Best for Good Credit
Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
4.0WalletHub Rating
WalletHub Rating
4.0
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.6
User Reviews
3.6
Market Comparison
4.1
fees: 5.0
cost: 3.3
APR: 5.0
Apply Now
0% Intro APR for 21 months
Purchase intro APR
0% for 12 months
Transfer intro APR
0% for 21 months
Transfer Fee: 5% (min $5)
Regular APR
18.24% - 28.99% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Purchase intro APR
0% for 12 months
Transfer intro APR
0% for 21 months
Transfer Fee: 5% (min $5)
Regular APR
18.24% - 28.99% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get: The Citi® Diamond Preferred® Card offers a 0% balance transfer intro period that's months above the market average, at 0% for 21 months. There is no annual fee, but you do have to contend with a balance transfer fee of 5% (min $5).
To learn more about why this is one of the best balance transfer credit cards on the market right now, check out WalletHub’s completeCiti Diamond Preferred Review.
Editor's Thoughts & More Details
Pros
- 0% intro APR for 12 months on purchases
- 0% intro APR for 21 months on balance transfers
- $0 annual fee
Cons
- 5% (min $5) balance transfer fee
- Foreign transaction fee
- High regular APR
- No rewards
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 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
- Get free access to your FICO® Score online.
- With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
- No Annual Fee - our low intro rates and all the benefits don’t come with a yearly charge.
Editor's Thoughts & More
Best Overall
Citi Simplicity® Card
Citi Simplicity® Card
4.7WalletHub Rating
WalletHub Rating
4.7
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
3.7
User Reviews
3.7
Market Comparison
5.0
fees: 5.0
cost: 5.0
APR: 5.0
Learn More
0% Intro APR for 21 months on balance transfers
Purchase intro APR
0% for 12 months
Transfer intro APR
0% for 21 months
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that
Regular APR
19.24% - 29.99% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Purchase intro APR
0% for 12 months
Transfer intro APR
0% for 21 months
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that
Regular APR
19.24% - 29.99% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Editors’ Thoughts
Thebest balance transfer credit card is the Citi Simplicity® Card because it has an introductory 0% APR for 21 months on balance transfers and a $0 annual fee. It is among the highest WalletHub rated card for balance transfers with similar terms and the same credit score requirement.
The Citi Simplicity Card has a transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that, and applicants need good credit for approval. If you decide to apply for this card, try to repay your balance before the regular interest rate kicks in. The Citi Simplicity® Card’s regular APR will cost you otherwise. It’s 19.24% - 29.99% (V), depending on your overall creditworthiness when you apply. Unfortunately, other 0% balance transfer cards aren’t any better in the regular APR department.
You can check your credit score for free on WalletHub as well as calculate how much a balance transfer could save you.
Editor's Thoughts & More Details
Pros
- 0% intro rate on balance transfers for 21 months
- 0% intro rate on new purchases for 12 months
- No annual fee
Cons
- Balance transfer fee
- High regular APR
- No rewards
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- The Citi Simplicity® Card is no longer available through WalletHub.com but may be available on the Citi website. Info about the card has been collected by us, the financial institution did not provide the details.
- No Late Fees, No Penalty Rate, and No Annual Fee... Ever
- 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 19.24% - 29.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
- There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balances transfers completed within 4 months of account opening.
- Stay protected with Citi® Quick Lock
Editor's Thoughts & More
Best for Long Intro APR
U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card
4.1WalletHub Rating
WalletHub Rating
4.1
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.8
User Reviews
3.7
Market Comparison
4.0
fees: 5.0
cost: 3.5
APR: 4.4
Learn More
0% Intro APR for 18 billing cycles
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 60 days, after that 5% ($5 min) for each transfer*
Regular APR
18.74% - 29.74% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 60 days, after that 5% ($5 min) for each transfer*
Regular APR
18.74% - 29.74% (V)
Annual Fee
$0
Accepted Credit
Excellent, Good
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get: TheU.S. Bank Visa® Platinum Card offers an introductory 0% APR that lasts for 18 billing cycles. It also has a $0 annual fee. Both of those features are as good as it gets right now.
The U.S. Bank Visa® Platinum Card has a high regular APR, however, charging 18.74% - 29.74% (V). It also has a transfer fee of 3% intro fee ($5 min) for each transfer in first 60 days, after that 5% ($5 min) for each transfer*. Applicants need good credit for approval.
Editor's Thoughts & More Details
Pros
- 0% for 18 billing cycles intro on purchases
- 0% for 18 billing cycles intro on balance transfers
- $0 annual fee
- Cell phone protection
Cons
- 18.74% - 29.74% (V) regular APR
- Balance transfer fee
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 18.74% - 29.74%.
- *An introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances transferred within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater.
- Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S. Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
- Choose a payment due date that fits your schedule
- No Annual Fee
- Terms and conditions apply.
Editor's Thoughts & More
Best for Excellent Credit
BankAmericard® credit card
BankAmericard® credit card
4.4WalletHub Rating
WalletHub Rating
4.4
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
4.0
User Reviews
3.7
Market Comparison
4.6
fees: 5.0
cost: 4.6
APR: 4.5
Learn More
0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3%
Regular APR
16.24% - 26.24% Variable
Annual Fee
$0
Accepted Credit
Excellent
Purchase intro APR
0% for 18 billing cycles
Transfer intro APR
0% for 18 billing cycles for any balance transfers made in the first 60 days
Transfer Fee: 3%
Regular APR
16.24% - 26.24% Variable
Annual Fee
$0
Accepted Credit
Excellent
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get:The BankAmericard® credit card is one of the market's very best balance transfer credit cards, offering an introductory APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days, along with a balance transfer fee of 3%.
This card also has a $0 annual fee. Applicants generally need excellent credit for approval.
Editor's Thoughts & More Details
Pros
- Low balance transfer intro APR for 18 billing cycles
- Low purchase intro APR for 18 billing cycles
- No annual fee
Cons
- Balance transfer fee of 3%
- Very high regular APR
- Excellent credit required
Rewards Details
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- No annual fee.
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
- Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
Editor's Thoughts & More
Low APR & Rewards
Fifth Third 1% Cash/Back Card
Fifth Third 1% Cash/Back Card
3.2WalletHub Rating
WalletHub Rating
3.2
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Market Comparison
3.2
fees: 5.0
cost: 2.7
APR: 3.6
Learn More
0% Intro APR for 15 months + 1% Cash Back
Purchase intro APR
0% for 15 months
Transfer intro APR
0% for 15 months
Transfer Fee: 4% (min $5)
Regular APR
20.24% - 29.99% (V)
Annual Fee
$0
Rewards Rate
1% Cash Back
Accepted Credit
Excellent
Purchase intro APR
0% for 15 months
Transfer intro APR
0% for 15 months
Transfer Fee: 4% (min $5)
Regular APR
20.24% - 29.99% (V)
Annual Fee
$0
Rewards Rate
1% Cash Back
Accepted Credit
Excellent
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get: The Fifth Third 1% Cash/Back Card is one of the best balance transfer credit cards because it offers an introductory APR of 0% for 15 months, along with a $0 annual fee. In addition, cardholders earn unlimited 1% cash back on all purchases.
Just make sure to account for the card’s balance transfer fee: of 4% (min $5). You should also check your credit score before applying, as applicants need excellent credit for good approval odds, and make a plan for paying off your balance before the card’s higher regular APR takes effect.
Editor's Thoughts & More Details
Pros
- No membership fees
- 0% intro APR on purchases
- 0% intro APR on balance transfers
- No foreign fee
Cons
- No initial rewards bonus
- Balance transfer fee
- High regular APR
- Requires excellent credit
Rewards Details
- Earn unlimited 1% cash back on every purchase with no caps, and no expiration of rewards
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- Cell phone protection.
- Current customers can apply online. New customers can visit a branch location or call at Fifth Third Bank.
Editor's Thoughts & More
View the Best Credit Cards for Good Credit
Fair Credit
Best Credit Card For Fair Credit
Citi Double Cash® Card
Citi Double Cash® Card
4.1WalletHub Rating
WalletHub Rating
4.1
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Lower Cost of Existing Debt"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
5.0
User Reviews
3.4
Market Comparison
4.0
Apply Now
0% Intro APR for 18 months
Transfer intro APR
0% for 18 months
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer
Regular APR
19.24% - 29.24% (V)
Annual Fee
$0
Rewards Rate
2% Cash Back
Bonus Offer
$200
Accepted Credit
Excellent, Good, Fair
Transfer intro APR
0% for 18 months
Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer
Regular APR
19.24% - 29.24% (V)
Annual Fee
$0
Rewards Rate
2% Cash Back
Bonus Offer
$200
Accepted Credit
Excellent, Good, Fair
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get:The Citi Double Cash® Card offers an introductory APR of 0% for 18 months on balance transfers and has a $0.
In addition, the Citi Double Cash® Card gives 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases), plus 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. New cardholders can also take advantage of a great initial bonus offer: $200 for spending $1,500 in the first 6 months. That is an elite package for people who want to reduce the cost of existing debt, then earn rewards on everyday purchases once debt-free.
Just keep in mind that balance transfers are subject to a transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. There is also a regular APR of 19.24% - 29.24% (V).
Editor's Thoughts & More Details
Pros
- Offers 2% cash back
- $0 annual fee
- $200 initial rewards bonus
- Low intro APR on balance transfers
Cons
- 3% foreign transaction fee
- High regular APR
Rewards Details
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- 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).
Editor's Thoughts & More
View the Best Credit Cards for Fair Credit
Students
Best for Students with Limited Credit
First Federal Community Bank College Rewards Visa® Credit Card
First Federal Community Bank College Rewards Visa® Credit Card
4.3WalletHub Rating
WalletHub Rating
4.3
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Build Credit by Paying in Full Each Month (Students)"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
User Reviews
4.7
Market Comparison
4.2
fees: 4.2
rewards: 4.3
cost: 4.1
Other Features: 5.0
Learn More
0% Intro APR for 6 months
Purchase intro APR
0% for 6 months
Transfer intro APR
0% for 6 months
Transfer Fee: 3% (min $5)
Regular APR
19.49% - 29.74% (V)
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
2,500 points
Accepted Credit
Fair, Limited History
Purchase intro APR
0% for 6 months
Transfer intro APR
0% for 6 months
Transfer Fee: 3% (min $5)
Regular APR
19.49% - 29.74% (V)
Annual Fee
$0
Rewards Rate
1.5 points / $1
Bonus Offer
2,500 points
Accepted Credit
Fair, Limited History
Editors’ Thoughts
Why it's one of the best balance transfer credit cards to get: The First Federal Community Bank College Rewards Visa® Credit Card offers an introductory APR of 0% for 6 months on balance transfers. This is the longest 0% transfer period among credit cards for students with limited credit. The card has a regular APR of 19.49% - 29.74% (V) and a balance transfer fee of 3% (min $5).
Editor's Thoughts & More Details
Pros
- No membership fees
- 0% intro APR on purchases
- 0% intro APR on balance transfers
- 2,500 points initial rewards bonus
Cons
- High regular APR
- Foreign fee
Rewards Details
- After your first purchase, you'll get 2,500 bonus rewards points.
- Earn 1.5 points monthly for every $1 you spend on eligible net purchases.
- Earn unlimited points and you have five years to redeem for rewards.
- Redeem your points for cash back, travel, merchandise or gift cards.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- 0% Introductory APR for 6 months on balance transfers made within 186 days of account opening.
- Enjoy peace of mind with chip-enhanced acceptance, zero fraud liability, emergency card replacement, travel and emergency assistance, extended purchase warranties and 24/7 U.S.-based customer service.
Editor's Thoughts & More
View the Best Student Credit Cards
No Credit
There are no 0% APR balance transfer credit cards for non-students with no credit. Below is the best credit card for people with no credit.
Best Starter Credit Card with No Annual Fee
Chase Freedom Rise℠
Chase Freedom Rise℠
5.0WalletHub Rating
WalletHub Rating
5.0
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Improve Credit by Paying in Full Each Month"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
5.0
Market Comparison
5.0
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 5.0
Apply Now
Regular APR
26.99% (V)
Annual Fee
$0
Rewards Rate
1.5% Cash Back
Accepted Credit
Excellent, Good, Limited History
Regular APR
26.99% (V)
Annual Fee
$0
Rewards Rate
1.5% Cash Back
Accepted Credit
Excellent, Good, Limited History
Editors’ Thoughts
Why It’s One of the Best Credit Card Offers Right Now: Given that it does not charge an annual fee, using the Chase Freedom Rise℠ responsibly can help you build credit at a low cost. While this offer does not include a 0% introductory interest rate, cardholders are rewarded with 1.5% cash back on all purchases.
Editor's Thoughts & More Details
Pros
- No membership fees
- Qualify with limited or no credit history
Cons
- High regular APR
- Foreign fee
Rewards Details
- Earn Cash Back - With Chase Freedom Rise℠, you can start building credit while earning 1.5% cash back on all purchases.
- Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- Increase your approval chances - Having a Chase checking account with a balance of at least $250 will increase your chances of getting approved for Chase Freedom Rise℠
- Credit Limit Increase - As a Chase cardmember, you'll be evaluated for a credit line increase in as soon as 6 months.
- Free Credit Score - Track your credit score and learn how to build it with Chase Credit Journey.
- No Annual Fee - You won't have to pay an annual fee for all the great features that come with your Freedom Rise℠ card.
- Member FDIC
Editor's Thoughts & More
View the Best Credit Cards for No Credit
Bad Credit - Security Deposit
There are no 0% APR balance transfer credit cards for people with bad credit. Below is the best secured credit card for people with bad credit.
BEST SECURED CARD FOR BAD CREDIT
Discover it® Secured Credit Card
Discover it® Secured Credit Card
4.5WalletHub Rating
WalletHub Rating
4.5
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated the card for various cardholder needs and picked the rating for the need most relevant to this page ("Rebuild Damaged Credit by Paying in Full Each Month"). The rating for this card may vary on other pages where a different need is used. A rating of 5 is the best a card can receive.
Editor’s Rating
5.0
User Reviews
3.7
Market Comparison
4.4
fees: 5.0
rewards: 5.0
cost: 4.6
Other Features: 3.0
Apply Now
Secured Card
Min Deposit of $200
One-Time Fees
$0
Regular APR
28.24% Variable
Annual Fee
$0
Monthly Fee
$0
Rewards Rate
1 - 2% Cash Back
Accepted Credit
Limited History, Bad
Secured Card
Min Deposit of $200
One-Time Fees
$0
Regular APR
28.24% Variable
Annual Fee
$0
Rewards Rate
1 - 2% Cash Back
Monthly Fee
$0
Accepted Credit
Limited History, Bad
Editors’ Thoughts
Why We Like It:Discover it® Secured Credit Card is the best secured credit card out there, and one of the best credit cards for anyone looking to build credit, because it has a $0 annual fee and rewards cardholders with 1 - 2% cash back on purchases.
Cardholders earn 2% cash back at gas stations and restaurants, up to $1,000 spent per quarter, along with 1% cash back on all other purchases. Plus, all the rewards you earn as a new cardmember the first year your account is open get doubled by Discover as an account anniversary gift.
What We Don’t Like:You need to place a refundable security deposit of at least $200. The amount you put down becomes your spending limit.
Who Should Get It: Apply for Discover it Secured Credit Card if you have bad credit and want to earn rewards while you fix it.
You can check out our complete Discover it Secured Credit Card review for more information.
Editor's Thoughts & More Details
Pros
- No annual or monthly fees & No fees for account opening
- Up to 2% cash back
- First-year rewards doubled
- Relatively low minimum deposit
Cons
- High regular APR
Rewards Details
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
Interest Rate Breakdown
| Balance | APY |
|---|
Additional Info
- No credit score required to apply.
- No Annual Fee, earn cash back, and build your credit history.
- Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Terms and conditions apply.
Editor's Thoughts & More
View the Best Credit Cards for Bad Credit
WalletHub's Research
98
Research Hours
121
Companies Reviewed
380
Cards Reviewed
- Best balance transfer credit cards compared
- What is a balance transfer credit card?
- How to do a balance transfer
- How long does balance transfer take?
- Should you get a balance transfer credit card?
- Pros and cons of balance transfer credit cards
- Alternatives to a Balance Transfer
- Methodology
- Sources
- About the author
- User questions & answers
- Expert opinions
Best Balance Transfer Cards Compared
| Balance Transfer Card | Intro Balance Transfer APR | Balance Transfer Fee |
| Citi Simplicity® Card | 0% for 21 months | 3% intro fee ($5 min) for each transfer in first 4 months, and 5% ($5 min) for each transfer after that |
| Fifth Third 1% Cash/Back Card | 0% for 15 months | 4% (min $5) |
| Citi® Diamond Preferred® Card | 0% for 21 months | 5% (min $5) |
| BankAmericard® credit card | 0% for 18 billing cycles for any balance transfers made in the first 60 days | 3% |
| Wells Fargo Reflect® Card | 0% for 21 months from account opening on qualifying balance transfers | 5% (min $5) |
Most of the best transfer credit cards require at least good credit for approval. So if you’re not sure where you stand, you may want tocheck your latest credit score for free on WalletHubbefore you apply.
Finally, it’s worth noting that the very best balance transfer credit card you can get is none at all. So once you’ve paid off what you owe, turn your focus tobudgetingand making sure you don’t get into debt again.To learn more, check out our balance transfer guide.
What Is a Balance Transfer Credit Card?
A balance transfer credit card is a card designed to help you pay off an existing debt at a better interest rate. Most cards have the option to transfer balances, though the ones designated as “balance transfer cards” generally offer low introductory interest rates on transfers and sometimes have low transfer fees. Learn more.
How to Do a Balance Transfer
The best way to do a balance transfer is to apply for a new credit card with a low balance transfer APR and low fees. The new card’s issuer will pay your original creditor for the amount transferred, and you will then owe that amount, plus abalance transfer feeof 0% - 3%+, to the new card’s issuer.
Here are the steps involved:
Check your credit score
Balance transfer credit cards with 0% APRs usually requiregood creditor better for approval. Knowingyour credit scorewill make it easier to compare relevant credit card offers.
Find the best balance transfer card for you
Compare cardsbased on their balance transfer APRs, balance transfer fees, and annual fees. Also, consider how much you can afford to pay each month. Using abalance transfer calculatorcan help.
Apply for your balance transfer card
Fill out the application with your personal and financial information, including the section of the application for requesting a balance transfer. Provide the account number and the amount you want to transfer to make the request. It’s best to ask for a balance transfer when you apply because promotional 0% APR periods start as soon as the account opens.
Keep making payments
Keep up payments to your original creditor until the balance transfer goes through, or you could be marked aspast-due. You will be credited for any payments made during this period after the transfer gets processed.
Receive a decision
The issuer may allow you to transfer the full amount that you request or offer to transfer part of the balance instead. Or, your balance transfer request could be denied, depending on your creditworthiness and available funds.
Pay the rest of the balance
Try to pay off a transferred balance before your new credit card’s low introductory APR expires. A high regular rate will apply to any balance remaining at that time. If you still have a balance on your original account, continue repaying that as well.
Learn more about how to do a balance transfer.
How Long Does a Balance Transfer Take?
A balance transfer usually takes 14 to 21 days from when you submit abalance transfer credit cardapplication. But depending on the issuer, it could take as few as 3 days or as many as 42. To make a balance transfer take as little time as possible, apply online so the issuer can review your application sooner.
See how long a balance transfer takes each major issuer.
Should You Get a Balance Transfer Credit Card?
You should get a balance transfer credit card if it will save you money. To determine whether a balance transfer card will save you money, use abalance transfer calculator to compare the cost of sticking with your current card or loan to the savings available from the latest balance transfer offers.
You will also need good credit or better to qualify for thebest balance transfer cards. If you don’t know where you stand, you cancheck your credit score for free, right here on WalletHub.
Learn more about when it’s wise to do a balance transfer.
Pros and Cons of Balance Transfer Credit Cards
| Pros | Cons |
| Cards with 0% introductory APR promotions are common. | Balance transfer fees can be costly. |
| You can reduce the cost of debt and pay it off sooner. | Most cards have a high regular APR. |
| You can consolidate multiple balances. | Most cards require good or excellent credit. |
| Your credit score could improve in the long run. | You could rack up more debt if you don’t pay off what you owe or adjust your spending. |
| Some cards offer 0% purchases, rewards on purchases, and useful benefits. | Your credit score could drop for a short period of time after you apply. |
Learn more about the pros and cons of balance transfers.
Alternatives to a Balance Transfer
The best alternatives to a balance transfer with a credit card are unsecured personal loans, secured loans, and debt management programs.
The terms offered by secured and unsecured loans won’t be as good of a deal as a 0% APR balance transfer, however. Debt management programs are a good option if the debt situation is more dire - that is, if the monthly payment has become unaffordable.
Learn more about balance transfer alternatives.
Methodology for Selecting the Best Balance Transfer Credit Cards
To identify the best balance transfer credit cards, WalletHub’s editors regularly compare 1,500+ credit card offers, focusing on each card’s introductory balance transfer APR, balance transfer fee, regular APR, annual fee and approval requirements. In order to take all of these factors into account, we consider the cost associated with paying off a particular credit card balance over 24 months, usingWalletHub’s balance transfer calculator.
We use a $5,000 balance for people with good credit or excellent credit, a $3,000 balance for fair credit, and a $1,000 balance for limited credit or bad credit. Other factors, such as rewards, are used as a tiebreaker.
After crunching the numbers, we conclude the process by picking the best deals in the most popular categories, including for each credit level.
Sources
WalletHub actively maintains a database of 1,500+ credit card offers, from which we select the best balance transfer credit cards for different applicants as well as derive market-wide takeaways and trends. The underlying data is compiled from credit card company websites or provided directly by the credit card issuers. We also leverage data from the Bureau of Labor Statistics to develop cardholder profiles, used to estimate cards’ potential savings.
About the Author
John S Kiernan
John Kiernan has covered the credit card industry for more than 15 years as a writer and editor for WalletHub. His work has been featured by major media outlets such as The Washington Post, Fox News and The New York Times and has been cited by industry regulators such as the Consumer Financial Protection Bureau.
Twitter Email Full Bio
Best Balance Transfer Credit Cards FAQ
Finding the best credit card can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered. WalletHub independently collected information for some of the cards on this page.
Most Popular
15
Upvotes
Does a balance transfer affect your credit score?
Reply
15
2
WalletHub
@WalletHub
Balance transfers affect your credit score because they typically involve opening a new credit card account to receive the transfer. When you apply for a new credit card, the issuer does a hard inquiry into your credit history, which temporarily hurts your credit score. However, if you use the transfer to pay off your debt sooner, this should benefit your credit score and overall financial health in the long run.
To see how a balance transfer is likely to affect your credit score in particular, try WalletHub's free credit score simulator. You can also learn more about how transfers generally affect people's credit below.
Here's how balance transfers affect your credit score:
Hard inquiry:
When you apply for a balance transfer card, the issuer will pull a copy of your credit report. Known as a hard inquiry, this will lower your credit score slightly, but only temporarily.
Decline in average account age:
Opening a new credit card will reduce the average age of your accounts, which could knock a few points off your credit score.
Slightly more debt:
Most credit cards have balance transfer fees, which are usually around 3% of the amount you transfer. This fee is tacked onto your transferred balance, temporarily increasing your total debt load.Credit utilization rate:
The effect of a balance transfer on your credit utilization could be positive or negative initially. On the plus side, your overall credit utilization should improve when you open a new credit card account because your total credit limit goes up while your balance doesn't change much. However, if the new card has a lower credit limit than the card you're transferring the balance from, the utilization ratio for the new card will end up being higher than it was on the old card. This could cause your credit score to fall, but it should recover as you pay down your balance.
How long do balance transfers affect your credit score?
A balance transfer can affect your credit score for up to a year just from the hard inquiry involved with opening a new credit card account. However, exactly how long this type of transaction impacts your finances depends on whether you use it to pay down what you owe or to get into more debt. Reduced debt and on-time payments will add positive information to your credit reports, leading to credit score improvement over time.
To stay on top of your credit throughout every stage of a balance transfer, sign up for a free WalletHub account. You'll get daily credit score updates, 24/7 credit monitoring, and personalized credit improvement advice.
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32
Upvotes
Is it a good idea to do a balance transfer?
Reply
32
2
John S Kiernan, Managing Editor
@John
Doing a balance transfer is a very good idea if you need multiple months to pay off high-interest debt and you are able to qualify for a 0% balance transfer credit card. Most balance transfer cards require a 700+ credit score.
What you should know before making a balance transfer:
- You generally need good credit or better to get a 0% balance transfer credit card. Most balance transfer cards have very high regular APRs, making...
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11
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Upvotes
Best Credit Cards With No Balance Transfer Fee
Wallet Hub
@WalletHub
No balance transfer fee credit cards can save you an average of 3% on each transfer, making it easier to get out of debt quickly. The best credit cards with no balance transfer fee also offer a low introductory balance transfer APR for extra savings (some cards are from WalletHub partners). To help you find the right card for your needs, WalletHub’s editors compared more than 1,500 offers and picked the best credit cards without balance transfer fees.
According to WalletHub’s analysis of the credit card market, even the best credit cards with $0 balance transfer fees tend to have fairly high regular APRs, unfortunately. With that in mind, you’d be wise to use a balance transfer calculator to ensure you’re debt-free on schedule.
People Trust WalletHub
WalletHub's credit card experts are committed to helping users find the best credit cards for their needs, above all else. That's why we use a data-driven approach to compare more than 1,500 credit card offers across the website, removing subjectivity from the equation, and it's why we have developed the most robust credit card rating system and abide by a strong editorial policy.
1,500+ credit cards tracked site-wide
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75,000+ data points tracked site-wide
100% editorial independence
15 years of experience
We tell you about cards other sites won't
3 Best No Balance Transfer Fee Credit Cards in 2024
0% Intro APR for 12 Billing Cycles:First Tech Choice Rewards World Mastercard®First Tech Choice Rewards World Mastercard®Learn MoreLearn Moreon issuer's website- 0.99% Intro APR for 12 Months:Navy Federal Credit Union Platinum Credit CardNavy Federal Credit Union Platinum Credit CardLearn MoreLearn More
- 0% Intro APR for 12 Months:Edward Jones Business Credit CardEdward Jones Business Credit CardLearn MoreLearn More
View entire answer
25
Upvotes
How do you do a balance transfer?
Reply
25
2
WalletHub
@WalletHub
The best way to do a balance transfer is to apply for a new credit card with a low balance transfer APR and low fees. If your balance transfer credit card application is approved, the new card's issuer will pay your original creditor for the amount transferred. You will then owe that amount, plus a balance transfer fee of 0% - 3%, to the balance transfer card's issuer. If you repay the full amount of your balance...
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9
20
Upvotes
What is the best Chase balance transfer card?
Reply
20
3
Lisa Cahill, Credit Cards Moderator
@lisacahill
The best Chase balance transfer card is Chase Freedom Unlimited® because it offers an introductory APR of 0% for 15 months on both balance transfers and purchases. That long introductory period could save you a lot of money on interest charges, and Chase Freedom Unlimited also has a $0 annual fee to help you keep costs down.
The Chase Freedom Unlimited card's regular APR is 20.49% - 29.24% (V), depending on your overall creditworthiness. In addition, you have to account for the balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after)....
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6
13
Upvotes
What is the easiest balance transfer credit card to get?
Reply
13
Lisa Cahill, Credit Cards Moderator
@lisacahill
The easiest balance transfer credit card to get approved for is the Citi Double Cash Card because you only need fair credit to qualify. The Citi Double Cash Card also offers an introductory balance transfer APR of 0% for 18 months.
The card has a regular APR of 19.24% - 29.24% (V) and a transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. Easy approval balance transfer credit cards typically don't measure up to the best balance transfer credit cards in terms of interest rates and fees, but this offer comes close thanks to its...
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3
44
Upvotes
Is it worth it to transfer a balance?
Reply
44
Milvionne Chery Copeland, Writer
@milvionne_copeland
Yes, it is worth it to transfer a balance because it is a great way to refinance existing credit card debt. If you can get a lower interest rate in the process, it will save you money and help you pay off the debt sooner. For example, transferring a balance with a high APR to a 0% balance transfer credit card could save you a lot of money even if the card has a balance...
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1
25
Upvotes
What is the best balance transfer credit card for fair credit?
Reply
25
4
Lisa Cahill, Credit Cards Moderator
@lisacahill
The best balance transfer credit card for fair credit is the Citi Double Cash® Card because it offers an introductory APR of 0% for 18 months on balance transfers made within 4 months of opening an account. This card also has a $0 annual fee.
The Citi Double Cash Card's regular APR is 19.24% - 29.24% (V). You also have to account for its balance transfer fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. You can get approved for the card with fair credit or better.
Best Balance Transfer Cards for...
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6
30
Upvotes
What are the best debt consolidation credit cards?
Reply
30
WalletHub
@WalletHub
The best debt consolidation credit card is the U.S. Bank Visa® Platinum Card because it offers an intro APR of 0% for 18 billing cycles on balance transfers, along with a $0 annual fee. You can avoid finance charges for more than half a year longer than average with this card, which should produce lots of savings.
When comparing credit cards for debt consolidation, your goal should be to find an offer that will reduce the total cost of your debt and shorten your timeline to...
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8
33
Upvotes
What are the pros and cons of balance transfers?
Reply
33
Rhonda Stewart, WalletHub Loans Analyst
@rhonda
The pros of balance transfers include saving money on interest, consolidating debt, and possible improvement in credit score in the long run. The cons of balance transfers include balance transfer fees, high regular APRs, and above-average score requirements. Generally, when you transfer a balance, you're shifting high-interest debt to a credit card with a lower interest rate.
Pros and Cons of Balance Transfers
Pros | Cons |
...
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Expert Opinions
Balance transfer credit cards have a lot of moving parts, including a balance transfer APR, balance transfer fee, annual fee and, potentially, introductory rates and fees. Plus, offers change regularly. And choosing the best balance transfer credit card for your needs is only half the battle. You also need to get approved for a high enough credit limit and pay off your balance before high interest rates start costing, rather than saving, you money.
To help you navigate the process successfully, we posed the following questions to a panel of experts on paying down debt. Check out their bios and tips below.
- What’s the best way to find the best balance transfer credit card?
- Why do you need good or excellent credit to get the best balance transfer credit cards?
- What’s the biggest mistake people make with balance transfers?
- Why aren’t there more 0% balance transfer credit cards with $0 transfer fees?
Paolina C. Medina
Ph.D., Assistant Professor of Finance, C.T. Bauer College of Business, University of Houston
Read More
Jacob P. Sybrowsky
Professor of Finance & Business Analytics, Ensign College
Read More
Kamala Raghavan
CPA, CFP, CFF, CGMA, Fulbright Association Board Member, Fulbright-Nehru Scholar, AICPA Academic Champion, Professor, Accounting and Finance, Texas Southern University - Jesse H. Jones School of Business
Read More
Jennifer Logan
Puterbaugh Professor of Free Enterprise, Director of CEER, David F. Rankin College of Business, Southern Arkansas University
Read More
Maria H. Sanchez
CPA, Director of Masters of Accountancy Program, Rider University
Read More
S. Abraham (Avri) Ravid
Sy Syms Professor of Finance and Chair, Finance Department, Sy Syms School of Business – Yeshiva University
Read More
More Experts
Important Disclosures
* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Citi Simplicity® Card, U.S. Bank Visa® Platinum Card, BankAmericard® credit card, Fifth Third 1% Cash/Back Card, First Federal Community Bank College Rewards Visa® Credit Card, Union Bank® Platinum™ Credit Card, Chase Freedom Flex℠, Chase Slate Edge℠, Tompkins Community Bank College Rewards Visa® Credit Card, TDECU Classic Mastercard®, KeyPoint Credit Union Visa Classic Credit Card, and BankAmericard® credit card for Students
Our editors' recommendations for the Best Credit Cards are a reflection of their own subjective opinions, and they should not be relied upon as the sole basis for choosing your financial product.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure:
Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation “Sponsored”, where applicable. Advertising status does not affect which offers show up on this page but may impact the order in which they appear. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
