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Best Balance Transfer Credit Cards Of 2019

Save hundreds of dollars by moving a high-interest rate balance to a balance transfer credit card with a 0% introductory rate. Here are some best balance transfer credit cards of 2019. You can check out the list of Best Student Credit Cards here. But this article is going to center on Best Balance Transfer Credit Cards.best balance transfer credit cards

Best Balance Transfer Credit Cards

  • Citi Double Cash (Best Flat-Rate Cash Back)
  • Capital One Quicksilver (Best Cash Signup Bonus)
  • Wells Fargo Propel American (Best First-Year Bonus)
  • Citi Diamond Preferred (Best for Repeated Transfers)

Citi Double Cash Card (Best For Simplicity)

Perks

Citi Double Cash purchases earn up to 2% cashback – 1% cashback when you make the purchase and 1% back when you pay them back. The promotional rate for balance transfers is one of the longest offered of any balance transfer credit card.

Citi waives the first late fee if you accidentally forget to make a credit card payment.

Downsides  

The 0% introductory rate does not apply to purchases, which means you are likely to pay interest on purchases if you make purchases before paying off your transferred balance.

  • Minimum Credit Needed: Good
  • Annual Fee: None
  • Intro APR: 0% on balance transfers for 18 months
  • Ongoing APR: 15.99-25.99% Variable.
  • Balance Transfer Fee: $5 or 3% of the transfer amount
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount in U.S. dollars.
  • Signup Bonus: None.

Capital One Quicksilver (Best Cash Bonus)

Perks

Purchases on the Capital One Quicksilver earns an unlimited 1.5%

Cash rewards do not expire and your rewards can be redeemed at any time.

You get rewarded by Capital One for making on-time payments by considering you for a credit limit increase if you make your first five monthly payments on time.

The signup bonus, has a small minimum spend that is manageable even if you transfer a balance, based on your credit limit and the amount you transfer.

No balance transfer fee after the first 15 months. Note, the higher APR will be applied to the transfer.

Downsides

You may earn more with a credit card that allows you to earn more rewards if you have excellent credit.

  • Minimum Credit Needed: Good
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 15 months
  • Ongoing APR: 16.24% -26.24% variable
  • Balance Transfer Fee: 3% of the transfer amount for the first 15 months: None after the first 15 months
  • Cash Advance Fee: $10 or 3% of the cash advance amount
  • Foreign Purchase Transaction Fee: None
  • Signup Bonus: $150 cash bonus when you spend $500 in the first three months.
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Wells Fargo Propel American Express (Best First-Year Bonus)

Perks  

Wells Fargo Propel offers a good sign up bonus for cardholders who spend $3,000 on purchases in the first three months of opening an account.

Subsequently, you’ll earn three points for every dollar you spend on dining, gas, rideshares, flights, hotels, homestays, and car rentals and popular streaming services. All other purchases earn one point per dollar.

Downsides

You have to spend high to earn the signup bonus. Earning the signup bonus may clash with transferring a balance based on the cardholders initial credit limit.

  • Minimum Credit Needed: Good
  • Annual Fee: None
  • Intro APR: 0% on purchases and balance transfers for 12 months
  • Ongoing APR: 25.99%-27.99% variable
  • Balance Transfer Fee: $5 or 3% of the transfer amount for 120 days from account opening: $5 or 5% after that.
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: None
  • Welcome Offer: 30,000 bonus points after you spend $3,000 on purchases in the first three months.

Citi Diamond Preferred (Best for Repeated Transfers)

Perks

Citi Diamond Preferred extends it’s 18-month 0% APR to balances transferred for the first 4 months following your account opening. This implies that you can transfer a small balance when you first open your account, pay it off thereafter transfer another one shortly thereafter.

This card also gives you the option to choose your own due date, you can use your card with Apple Pay, and get automatic alerts for important account activity.

Downsides

Offers no ongoing rewards on purchases

  • Minimum Credit Needed: Excellent
  • Annual Fee: None
  • IntroAPR: 0% on purchases and balance transfers for 18 months
  • Ongoing APR: 15.74% – 25.74% variable
  • Balance Transfer Fee: $5 or 5% of the transfer amount
  • Cash Advance Fee: $10 or 5% of the cash advance
  • Foreign Purchase Transaction Fee: 3% of the purchase amount in U.S. dollars
  • Signup Bonus: None.

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