Low-Cost Credit Card Balance Transfers

Written by: Valencia Higuera

A balance transfer is one way to consolidate your credit card balances and pay off your balances at a lower interest rate. You can find these credit cards from practically every bank that issues credit cards. Simply submit an application, and once you’re approved for an account, you can move balances from your other credit cards to your new card.

Although balance transfer credit cards are a good deal and the perfect way to save on interest, certain fees are associated with these types of credit cards. These fees can include annual fees, balance transfer fees and high interest rates. But with a little research, you can find a low-cost balance transfer credit card – no annual fee and a low balance transfer fee.

Citi Simplicity Card

This balance transfer credit card features a low 3% balance transfer fee. There is no annual fee and you can transfer your existing balances to this card and pay 0% interest for the first 18 months. This rate applies to balance transfers and purchases. Afterwards, you pay a variable APR as low as 12.99%.

Slate from Chase

Apply for the Slate credit card by Chase and pay no balance transfer fee when you transfer your balances within the first 30 days. After 30 days, pay a balance transfer fee of only 3%. With 0% interest on purchases and balance transfers for the first 15 months, you can pay down your balances faster. There is no annual fee, and after your introductory rate period, you pay an APR as low as 11.99%

Freedom from Chase

This credit card not only offers a low 3% balance transfer fee and no annual fee, but when you apply for the Freedom credit card, you receive $100 cash back when you spend $500 in the first 90 days. Plus, you can earn 5% cash back on specific categories and 1% cash back on all other purchases. This card offers a low introductory rate of 0% for the first 15 months and a rate as low as 12.99% after the introductory period.

Discover More Card

The Discover More credit card features no annual fee and a 3% balance transfer fee. The 0% introductory rate expires after 15 months, in which the APR jumps to 10.99% – 20.99% on balance transfers and purchases. Other attractive card features include 5% cash back on certain categories, such as gas and restaurants. Plus, up to 20% cash back when you shop through Discover.com. There is no fee to redeem rewards and the Discover More credit card never charges a fee for additional cards.

Capital One Cash Rewards

Apply for this rewards credit card today and pay 0% interest on balance transfers and purchases for 12 months. There is no annual fee, and when you transfer your balances to your new Capital One Cash Rewards card, you pay a low 3% balance transfer free. Other card features include 1% cash back on all purchases, as well as a one-time bonus of $100 when you spend $500 within the first three months.


Low-Cost Credit Card Balance Transfers

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