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Compare Balance Transfer Credit Cards in February 2024

Best for paying off debt

Chase Slate Edge

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5.0
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Balance Transfer
Welcome Bonus
Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 19.74% – 28.49% on balance transfers and purchases after the introductory period ends.
Regular APR
19.74% – 28.49% (Variable)
Purchase Intro
APR: 0% Intro APR on Purchases, Period: 18 months
Annual Fee
$0
Credit Score Needed
Excellent/Good
Quicken Compare Review
The Chase Slate Edge card is a credit card offered by Chase that is designed to help cardholders manage their debt and build a strong credit profile. One of the standout features of the Chase Slate Edge card is its introductory balance transfer offer. It typically provides a 0% introductory APR for balance transfers made within a specified timeframe. This can be a useful tool for individuals looking to consolidate their high-interest credit card debt onto a single card and save on interest charges.
Pros and Cons
pro
Introductory Balance Transfer Offer
pro
No Balance Transfer Fee
pro
No Annual Fee
con
Limited Rewards Program
con
Limited Additional Benefits
con
Credit Requirement
Featured Card Benefits
  • Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
  • Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
  • Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more
Best for everyday cash back rewards

Blue Cash Everyday® Card from American Express

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5.0
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Debit Cards
Welcome Bonus
Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
Regular APR
18.99% – 29.99% (Variable)
Purchase Intro
APR: 0% on purchases, Period: 15 months
Annual Fee
$0
Credit Score Needed
Excellent/Good
Quicken Compare Review
The Blue Cash Everyday Card from American Express is a popular cashback credit card that offers rewards on everyday spending with set offers of 3% back on supermarkets, retail purchases and gas.
Pros and Cons
pro
Cashback Rewards
pro
Welcome Bonus
pro
Amex Benefits
con
Limited Bonus Categories
con
Cashback Redemption Limitations
con
Foreign Transaction Fees
Featured Card Benefits
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 18.99% to 29.99% variable APR.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.https://www.quickencompare.com/wp-admin/post.php?post=22679&action=edit&classic-editor#
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
Best for cash back on dining

Capital One SavorOne Cash Rewards Credit Card

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5.0
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Apply on CardRatings’ secured site
Debit Cards
Welcome Bonus
$200 Cash Back after you spend $1,000 on purchases within 3 months from account opening
Regular APR
19.74% – 29.74% (Variable)
Purchase Intro
APR: 0% intro on purchases, Period: 15 months
Annual Fee
$0
Credit Score Needed
Excellent/Good
Quicken Compare Review
The Capital One SavorOne Cash Rewards Credit Card is for the foodies who are focused on food and experiences with 3% cash back on dining and 8% cash back on Capital One Entertainment purchases.
Pros and Cons
pro
Cash Back Rewards
pro
No Annual Fee
pro
Welcome Bonus
con
Cash Back Caps
con
Limited Travel Benefits
Featured Card Benefits
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
  • Earn 8% cash back on Capital One Entertainment purchases
Best for straightforward cash back rewards on everyday spending

Capital One Quicksilver Cash Rewards Credit Card

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4.5
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

LEARN MORE
Apply on CardRatings’ secured site
Welcome Bonus
One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Regular APR
19.74% – 29.74% (Variable)
Purchase Intro
APR: 0% intro on purchases, Period: 15 months
Annual Fee
$0
Credit Score Needed
Excellent/Good
Quicken Compare Review
The Capital One Quicksilver Cash Rewards Credit Card is a popular choice for individuals seeking a straightforward cash back rewards program. The Capital One Quicksilver Cash Rewards Credit Card offers a simple and competitive cash back rewards program with 1.5% cash back on all purchases, with no minimum spending requirement or rotating categories.
Pros and Cons
pro
Flat Cash Back Rate
pro
No Annual Fee
pro
No Rotating Categories
con
Cash Back Rate
con
Limited Additional Benefits
con
Credit Requirement
Featured Card Benefits
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
Best for cash back at supermarkets

Blue Cash Preferred® Card from American Express

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Apply on CardRatings secured site
4.5
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

LEARN MORE
Apply on CardRatings secured site
Debit Cards
Welcome Bonus
Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
Regular APR
18.99% – 29.99% (Variable)
Purchase Intro
APR: 0% on purchases, Period: 12 months
Annual Fee
$0 intro annual fee for the first year, then $95
Credit Score Needed
Excellent/Good
Quicken Compare Review
For those that don’t mind a big annual fee, this is a great card offering a huge 6% cash back U.S. supermarkets on up to $6,000 in spending per year, as well as 6% back on select U.S. streaming subscriptions
Pros and Cons
pro
Generous Cash Back Rewards
pro
Welcome Bonus
pro
Amex Offers
con
Annual Fee
con
Limited Acceptance
con
Foreign Transaction Fees
Featured Card Benefits
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 18.99% to 29.99%
  • 6% Cash Back on select U.S. streaming subscriptions.

Benefits of a Balance Transfer Credit Card

Using a balance transfer credit card can offer several benefits for individuals who have existing credit card debt. Here are five common advantages of utilizing a balance transfer credit card:

Consolidation of Debt

One of the primary benefits of a balance transfer credit card is the ability to consolidate multiple credit card debts into a single card. By transferring balances from multiple high-interest credit cards to a balance transfer card, you can streamline your debt and make it more manageable.

Potential for Lower Interest Rates

Balance transfer credit cards often come with introductory periods featuring low or 0% interest rates on transferred balances. This can provide significant interest savings, allowing you to pay off your debt faster and more affordably. By reducing or eliminating interest charges during the introductory period, more of your payments go towards reducing the principal balance.

Simplicity and Convenience

Consolidating your credit card debts onto a single balance transfer card simplifies your financial management. Instead of juggling multiple due dates and varying interest rates, you only have to focus on one payment each month. This makes it easier to stay organized, avoid late payments, and budget effectively.

Pay off Debt Faster

With lower interest rates or interest-free introductory periods, a balance transfer credit card can help accelerate your debt repayment progress. By allocating more of your payments towards the principal balance, you can potentially pay off your debt quicker compared to making minimum payments on multiple high-interest cards.

Potential Savings on Fees

Some balance transfer credit cards offer promotional periods with waived or reduced balance transfer fees. This means you can transfer your balances without incurring substantial upfront costs. Saving on fees can contribute to overall debt reduction and help you achieve financial freedom sooner.

It’s important to note that after the introductory period, the interest rate on the balance transfer card may increase. Additionally, balance transfer credit cards often come with terms and conditions, such as a transfer limit or fees for late payments. Carefully reviewing the terms and considering any potential fees or limitations is crucial to make the most of a balance transfer credit card. It’s also important to use the opportunity to pay down your debt diligently and avoid accumulating new debt while working towards becoming debt-free.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising Disclosure

We are an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which we receive compensation. This compensation may impact how and where products appear on this site, including for example, the order in which they may appear within listing categories. The ranking is determined at our own discretion and should not be considered an endorsement (express or implied). The information and vendors which appear on this site is subject to change at any time. To the extent that ratings and rankings appear on this site, these are determined by both our subjective opinion and based on a methodology that aggregates a number of factors, including but not limited to, our analysis of brand market share based on origination volume and number of leads purchased, reputation according to such factors as JD Power customer service awards, compensation paid to us, and general consumer interest and awareness. For Credit Cards, Quicken Compare has partnered with CardRatings for our coverage of specific credit card products. Quicken Compare and CardRatings may receive a commission from card issuers.

Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

Editorial Note

Quicken Compare, a LMB Opco, LLC company, is compensated by third-party advertisers, however, any opinions, analyses, reviews or recommendations expressed in editorial content are of the author alone and have not been reviewed, approved, or otherwise endorsed by the advertiser. We make every effort to provide up-to-date information, however we do not guarantee the accuracy of the information presented. Consumers should verify any terms and conditions with the institution providing the products. Articles may contain some sponsored content, content about affiliated entities or content about clients in the network. QuickenCompare does not include all lenders or offers available in the marketplace. The content displayed on QuickenCompare or in this video does not provide legal, financial, accounting or tax advice. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.