Best Balance Transfer Credit Card for 2018 award seal

Credit cards should never be treated as extra income – treating them as such is a very slippery slope. The number one rule of credit cards is to pay off your balance each and every month.

If you find yourself at the bottom of that slope, looking up at a mountain of credit card debt, chances are you’re also paying a mountain of interest.

Thankfully there is a way out and freedom from that credit card debt could be closer than you think...

If you still have a decent credit score, then balance transfer credit cards could offer the help you need.

Some cards do offer 1.99% interest for 10 months and leave you with pretty solid rewards once your promotional rate is up. It can pay off to do a little research so when your balance is paid in full you have a card that you will continue to use and benefit from.

Things to keep in mind:

  • Do not use your balance transfer card for purchases until the balance transfer promotion period ends otherwise you will be stuck paying full interest on those purchases.
  • When these promotions are up, interest rates go back to their usual 19.99%+ , so be sure to pay off the balance of your Balance Transfer card before the promotion ends.
  • Pay your minimum balance on time every month, otherwise you could lose your promotion and end up paying the full or even higher penalty interest rates.

There aren't many worse financial things than sitting on huge credit card debt at insane interest rates that could be costing you thousands every year…

And so, for this best credit card ranking, our focus shifts towards getting you the maximum annual interest savings. Because no rewards or perks is worth incurring debt.

Check out these balance transfer cards, ranked based on annual interest savings – then decide what features matter most to you.

Plus a $150 travel bonus.
Offer ends December 21, 2018.

Compare Balance Transfer and 0% Interest Credit Cards

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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