Balance transfer credit cards are perfect for consolidating debt, minimizing interest, and saving money when you need to. If you have a series of cards that you need to combine into one, a balance transfer card will let you do that at a low cost. There are so many of these cards on the market right now, and no two are identical. What we have to determine is which ones are right for you.
Listed below are some of the best balance transfer credit cards 2013 has to offer. Note that their terms are subject to change at the provider’s discretion, so recheck the rates before completing your application. If you think we’ve missed something on our list, feel free to leave us a comment.
CompareWallet.com Best Balance Transfer Credit Cards 2013
Citi Simplicity Visa – The Citi Simplicity Visa Card has low fees all the way around. It offers 0% interest and 0% balance transfer fees for 18 months, and no annual fee. You also don’t have to worry about late fees or penalty rates. After the 18 month intro period, a balance transfer fee applies with this offer, 3% of each balance transfer; $5 minimum. The APR could be 12.99% to 21.99%, depending on your credit. The only downside to this card is that you must have excellent credit to apply for it. If you think you might qualify, go for it!
Chase Slate – The Slate Card from Chase is designed specifically for balance transfers. It offers no interest or balance transfer fees for 15 months and has no annual fee. If you transfer a balance within the first 60 days with this card, you won’t owe a balance transfer fee on it at all. After the intro period, the APR raises to 11.99% – 21.99%, and the balance transfer fee sits at 3%. Chase also offers identity theft protection, providing $0 liability for any unauthorized charges. The only money you owe will be what you spend or transfer.
Discover It – The Discover It Card is the latest in the Discover line. It is mostly known for having a superior rewards program, but it also offers low rates that are ideal for balance transfers. You’ll have no interest or balance transfer fees for the first 14 months you own the card, and you will never have to worry about an annual fee. The regular APR ranges from 10.99% to 20.99%, and the balance transfer fee is at 3%. Bonus: this card has no overlimit fee, no pay-by-phone fee, and no increase in APR after a late payment. That’s why it’s one of the best credit cards for balance transfers in 2013.
Capital One Platinum Prestige – The Capital One Platinum line has the most sought-after cards this provider has to offer. The Prestige Card is the most difficult one to get, but it is great in the case of balance transfers. If you have excellent credit, you could qualify for a card that features no interest or balance transfer fees for 14 months, as well as no annual fee and $0 fraud liability. You even get 24 hour roadside assistance if you ever need it.
Citi Diamond Preferred – The Citi Diamond Preferred Card is better known for its airline program than its balance transfer abilities, but that doesn’t take away from its low rates. Offering 0% APR and balance transfer for the first 18 months, this card is certainly still a contender. The APR after the intro period goes up to 11.99% to 21.99%, but you never have to worry about an annual fee. After the 18 month intro period, a balance transfer fee applies with this offer, 3% of each balance transfer; $5 minimum. And if you happen to travel, there are plenty of rewards here waiting for you.
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