Credit cards in a wallet

Balance transfer credit cards can be a great resource for people with a lot of high-interest debt.

When you have a lot of debt from multiple sources, it can be difficult to keep track of your debts and continue to make on-time payments.

Balance transfer credit cards help people consolidate their debt and avoid accruing excessive interest as they continue to make payments.

By finding the right balance transfer card for you, you can start tackling your debt and regaining your financial independence.

What Are Balance Transfer Credit Cards?

Balance transfer credit cards allow you to transfer high-interest debt to a low-interest account.

Often, these credit cards offer 0% interest for up to one year or more. This allows you to pay money towards the principal of you debt without accruing hundreds or thousands of dollars in interest.

By using these credit cards, you can pay down your debts more quickly while saving money on interest.

Debt Consolidation With Balance Transfer Credit cards

Debt consolidation is exactly what it sounds like. It’s a strategy which involves consolidating your debts so that you can pay down all of your debt with the same monthly payment.

There are many effective consolidation strategies, but balance transfer credit cards are one of the best to help you save money on interest.

Debt consolidation via a balance transfer card is a great way to take control of your finances and restore your financial wellbeing.

Great Balance Transfer Credit Cards

There are plenty of balance transfer cards to choose from. Here are a few great options to help you start your search.

Discover it® Balance Transfer

The Discover it® Balance Transfer card offers 0% interest on balance transfers for 18 months and no interest on new purchases for six months.

There is no annual fee. You’ll also earn 5% cash back on rotating categories and 1% cash back on all other purchases. Additionally, Discover will match all the cash back you’ve earned in your first year.

BankAmericard® credit card

The BankAmericard® credit card offers a fantastic introductory 0% APR on balance transfers and purchases for 18 billing cycles.

There is a balance transfer fee: the greater of 3% of the transfer amount or $10.

This credit card does not offer any rewards but is a great option for people looking for a card with a long 0% APR introductory period.

Citi Simplicity®Card – No Late Fees Ever

The Citi Simplicity®Card – No Late Fees Ever credit card is a great option for a number of reasons.

First, this card offers 0% APR on purchases for 12 months and no interest on balance transfers for 21 months. This is one of the longest 0% interest periods you’ll be able to find.

Additionally, as the name implies, there are never any late fees. You’ll continue to accrue interest after the introductory period is over, but you’ll never have to pay any additional fees.

All of these options have no annual fees and offer long introductory periods with 0% interest — making them all great for debt consolidation.

Find the Right Card For You

While these three options are great, there are plenty of credit cards available to you.

It’s important to do your research and compare offers from several different balance transfer credit cards to find the right one for you.

Start looking today to get a head start on tackling your debt.