Balance Transfer Offers
The average interest rate on a credit card is 15%. A balance transfer can slash that rate, saving you thousands. Be sure to pay particular attention to the offer period — that can change both how much you save and how long you have to pay off the debt interest-free. We've compared and reviewed hundreds of cards to find recommendations specifically for you.
Have a plan for the end of the promotional period.
One month before your rate expires, look for another offer because when the 0% period expires, the interest rate will rise significantly.
Don’t try to transfer debt between two cards of the same bank.
0% balance transfers are only valid when transferring from one bank to another.
Don’t spend on the card.
Unless the 0% offer extends to purchases, you will be charged interest on your spending. So do the balance transfer, and keep the card out of your wallet.
Get that transfer done within 60 days.
On most cards, offers are only valid if you complete the transfer within the first 60 days.
Never use a credit card at an ATM.
Cash advances on credit cards are incredibly expensive.
Always pay on time.
Set up a recurring payment. Late payments can result in loss of the offer and hurt your credit score.
Customize your balance transfer offers:
My credit score is
excellent my debt is $5,000,
and I can afford to pay $275 a month towards it.
Your Savings (high to low)
Your Savings (low to high)
Ranking (high to low)
Ranking (low to high)
Transfer Duration (high to low)
Transfer Duration (low to high)
Transfer Fee (high to low)
Transfer Fee (low to high)
Promotional Rate (high to low)
Promotional Rate (low to high)
Our Fine Print
We hate fine print. We created this entire site because of
the nasty fine-print habits of other companies. Unfortunately,
the legal team insist we include the following:
For complete details on any card see the terms and conditions on the bank's website.
MagnifyMoney is a free, independent service providing unbiased comparisons of financial products, therefore if we are compensated then we will let you know on the product page before you leave our website.
Once you click to apply for an offer, you will be directed to the bank's website at which point you should give the fine print a gut check
While we trudge through the fine print for you, we are only offering a summary not all the intricate, legal conditions (which is why you wanted our opinion anyway, right?).
Be sure you do understand the full terms provided by the bank before signing the dotted line, or lets be real, clicking the "I Agree" button.
We do our best to make sure our calculations are up-to-date, but we are human and can't make warranties regarding the accuracy of our information. If you find an error please
let us know here.
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