Are you considering a balance transfer or looking for a balance transfer card? Watch this video. The best balance transfer cards β‘οΈ Click “SHOW MORE” for affiliate disclosure
Do you need breathing room from credit card debt? Spent too much on holiday gifts? Have you been using your credit cards to pay for regular expenses? Or planning on some big purchases? Maybe youβre looking for a 0% interest card?
Youβll learn everything you need to know about balance transfers, how they work, whether you should do a balance transfer, and how you can improve your credit score with a balance transfer.
Some credit cards offer no interest for almost two years and 0% APR on purchases!
A credit card balance transfer is where you transfer or move your credit card balance from one card to another card. With a 0% intro APR balance transfer card you don’t pay interest on your transferred balance for a set period of time. Think of it as an interest-free loan.
The best way to use balance transfer credit cards is to pay down debt. Use balance transfer cards to consolidate & get out of debt quicker. Because all your payments go toward paying off your debt.
Improve your credit score with balance transfers. By βpaying offβ high interest high balances, your credit utilization ratio is lower.
π³ Balance Transfer Cards –
U.S. Bank Visa Platinum β
The U.S. Bank Platinum Visa has 0% intro APR on balance transfers and purchases for 20 months & no annual fee! You get up to $600 in cellphone coverage for damage or theft.
Citi Double Cash β
The Citi Double Cash Card offers 0% intro APR on balance transfers for 18 months with no annual fee.
You earn 1% cash back on all purchases plus an extra 1% cash back when you pay your minimum payment. Citi Double Cash credit card is a 2% cash back card.
U.S. Bank Altitude Go –
The U.S. Bank Altitude Go card offers 0% intro APR for 12 months on balance transfers and purchases with no annual fee. You earn 25,000 points when you spend $1,000 in the first 3 months of having this card = $250 cash back!
You get 4 points for every $1 spent at restaurants, 2 points for each $1 spent at grocery stores, gas stations, and streaming services, and 1 point on everything else.
π¬ Watch all my points and miles videos β
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Southwest Credit Cards Offering 80k Bonus Points –
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If you want to save money on travel, love adventure, and value luxury travel (First Class flights and 5 Star hotels without the fancy price tag) youβve come to the right place.
Traveling Well For Less teaches you how to TRAVEL THE WORLD FOR FREE using points and miles, shares TIPS & TRICKS on how to stretch your travel dollar, shows you how to experience luxury travel on a budget, and shares the best credit cards for travel rewards and cash back.
I’m Debra Schroeder, a former 12-year travel industry executive turned travel content creator. I’ve traveled the world using airline miles and credit card points since 1994. Living proof that travel doesnβt have to be expensive.
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26 comments
Which balance transfer card are you considering?
Yes I do have credit card debt. Thank You.
The accountant in me loves this discussion. I have done a balance transfer before but right now I donβt need one. I love that you mentioned to pay attention to the APR and interest vs the balance transfer fee.
These are some great pro tips. Debt can snowball quick. I've transferred balances because of lower interest rates and it was always a win win with a better card and opportunity. You have to search which card works best for you.
These tips are so helpful! I know debt can build up quickly and I need to stay on top of my credit cards.
This was really interesting! I wish you could do one on all the options in the UK!
Thank you for the tip, for a 3500.00 cc should I get a personal loan ?
What if you don't have debt, & you just want the loan for length of the rate.
Can you balance transfer to meet credit card promotion spend limit?? I.e. spend 3000 get 50k points
Iβm paying off a personal loan from one main financial of 14k plus car collateral , what do u suggest ?
Very informative, thank you
I've got just over a 670 credit score with a high balance on a CC – I'm afraid of lowering my credit score by being denied by a credit card company. Should I be worried or should I just go for it? The interest on my card is killing me.
I keep reading that the Citi Double Cash back card requires you to have 700+ credit score. How likely are we to get approve if we have some debt? Also what credit score do you recommend to have for the US bank credit card? Thank you!
What balance transfer card can I get with fair credit?
This was an EXCELLENT video! You explained everything very clearly; much better than the bigger YouTube channels Iβve watched. Iβve heard good things about the citi double cash balance transfer.
Yes this is a good idea.
I have $1,370 debt on a discover card. I just opened up a citi diamond preferred card. Can I transfer my outstanding balance to the Diamond card?
I just got a new car loan and my score was lowered. Should I wait to do a bal transfer? also what score do you need to have a good shot at getting approved for the bal transfer credit card ?
$10,000 credit card debt π³ mine donβt even compare to that.
sooo many questions in the beginning, bruh, you know why i clicked this lol
I started to feel the pinch, with like $2,600 – I guess I'll see how the TCF platinum card works
Wow, this really was eye opening. You really do need to pay attention to the fine print. I have one card I should consider transferring.
I have $1145 debt on my discover it card. Would you recommend I move the balance to a different card? And if so whatβs the best choice?
What if I have the us bank platinum credit card and planning to just pay my phone electricity cable and insurance with it ( 500$ limit ) will that build my credit??? ( Recently just got it in the mail first time credit card user no debt ) ( just owe 800$ in rent which has been in collections for the past 4 years and they never called me about it .
I have 7500 in credit card debt but just got a business credit card 15,000…..I'm waiting for the card to come now
Once I have the new transfer card, how do I transfer the balance from my synchrony card to the new card
Yes