Best Balance Transfer Credit Cards 2021

Updated February 25, 2021
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Best pick for...
Wells Fargo Platinum Card
Citi Diamond Preferred®
WebBank Petal® 2 “Cash Back, No Fees” Visa®
Barclays Bank Delaware Mastercard® Gold Card™
Discover Bank Discover it® chrome
Citi Costco Anywhere Visa® best for Young adults

Best Credit Cards for Balance Transfer in February 2021

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Platinum Card Wells Fargo
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • Longest Intro APR on purchases:
    • Longest Intro APR for 18 months from account opening on purchases
    • Longest Intro APR on balance transfer:
    • Longest Intro APR for 18 months from account opening on qualifying balance transfers
  • Intro Offer:
    No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% introductory APR for 18 months from date of account opening.
  • Regular APR:
    16.49% - 24.49% after 18 months from date of account opening.
  • Balance Transfer APR:
    16.49% - 24.49% after 18 months from date of account opening.
  • Issuer name:
    Wells Fargo
  • Details:

    Platinum Card Wells Fargo has protection features such as Zero Liability protection for promptly reported unauthorized transactions, alerts, cell phone protection.

    My Money Map tools help you to manage spending and create a budget with ease.

    Access to your FICO® Credit Score with Wells Fargo Online.

  • Pros:
    • Free Credit Score
    • Annual fee 0%
    • Paying down balances
    • Emergency card replacement
  • Cons:
    • No rewards or a signup bonus
    • Complicated balance transfer fee system
    • 3% foreign transaction fee
  • Benefits:
    • Auto rental collision damage waiver;
    • Roadside dispatch;
    • Travel accident insurance;
    • Travel and emergency assistance services;
    • Cell phone protection.
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Diamond Preferred® Citi
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    No current offer .
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for 18 months from date of account opening.
  • Regular APR:
    14.74% - 24.74% Variable.
  • Balance Transfer APR:
    14.74% - 24.74% Variable.
  • Issuer name:
    Citi
  • Details:

    The Citi Diamond Preferred Card comes with 0% introductory APR offer on both purchases and balance transfers, charges no annual fee and gives cardholders with excellent credit a chance at a relatively low ongoing APR.

  • Pros:
    • Balance transfer
    • Low APR for cardholders with excellent credit
    • Low interest
    • Purchase protection
  • Cons:
    • Balance transfer fee of 3 percent (or $5, whichever is higher)
    • Foreign transaction fee of 3 percent
    • No rewards program
  • Benefits:
    • Digital Wallets;
    • Low APR for cardholders with excellent credit;
    • Citi Entertainment. Special access to purchase tickets to thousands of events,sporting events, dining experiences and more.
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Petal® 2 “Cash Back, No Fees” Visa® WebBank
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 1% - 1.5%:
    • Cash Back after making 12 on-time monthly payments.
    • 2% - 10%:
    • Cash Back from select merchants.
  • Intro Offer:
    No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    12.99% - 26.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    WebBank
  • Details:

    Petal 2 has no fees of any kind and is designed to help you build credit.

    The credit limit is from $500-$10000.

    Grow your credit score with responsible spending and on-time payments.

    Get 1% cash back right away. Earn up to 1.5% when you pay on time. Plus 2% - 10% bonus cash back at select merchants.

    Freeze your card at any time to protect your account. And rest easy knowing your data is safe and encrypted.

  • Pros:
    • Cash Back
    • Purchase protection
    • No foreign transaction fee
  • Cons:
    • Permanent minimum payment due date
  • Benefits:
    • No annual fee;
    • No foreign transaction fee;
    • Petal 2 reports to all 3 major credit bureaus;
    • Qualify with average credit.
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Mastercard® Gold Card™ Barclays Bank Delaware
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 2% Value for Airfare Redemptions. 50,000 points will get you a $1,000 ticket on any airline with no blackout dates or seat restrictions.
    • 2% Value for Cash Back Redemptions. Cash Back can be deposited directly into a US bank account or applied as a statement credit.
  • Intro Offer:
    No current offer.
  • Annual Fee:
    $995 annually ($295 for each Authorized User added to the account).
  • Purchase Intro APR:
    None
  • Regular APR:
    14.99% Regular APR.
  • Balance Transfer APR:
    14.99% Regular APR.
  • Issuer name:
    Barclays Bank Delaware
  • Details:

    The Mastercard® Gold Card™ offers an opportunity to snag one of these elite cards without VIP status. The Mastercard Gold is the top-of-the-line card from Barclays’ luxury card trio and the living picture of a status symbol — it’s a 24K gold-plated stainless steel credit card that weighs in at a hefty 22g (four more grams than other premium cards like The Platinum Card® from American Express).

    You’ll get $200 in airline credits each year, plus luxury perks like personal concierge service, airport escorts, $100 in credit for Global Entry or TSA Precheck application fee and access to the Luxury Travel Program for travel benefits at select hotels.

    Receive up to $250,000 coverage for eligible common carrier accidental death & dismemberment, at no additional cost, when you charge your entire travel fare to your eligible card for a covered trip.

    The Luxury Card™ Mastercard® Gold Card™ is one of the most opulent cards around, with a weighty $995 annual fee to boot.

    Experience 24/7 customer service assistance with Lost and Stolen Card reporting, Emergency Card Replacement, and Emergency Cash Advance.

    The card earns 1 point per dollar spent. Points are worth 2 cents apiece for both airfare redemptions and cash back and 1 cent apiece for other redemptions.

    For your convenience, Luxury Card is accepted at 8 million domestic retailers and is part of an operating network in more than 210 countries and territories.

    Enjoy greater freedom with no foreign transaction fees on purchases made while traveling abroad.

  • Pros:
    • Luxury travel benefits
    • Annual Airline Credit
    • Lost Luggage Reimbursement
    • Emergency card replacement
    • No Foreign Transaction Fees
    • Low interest
    • Global Acceptance
    • Fraud Coverage
    • Unlimited 2 cent-per-point redemption for cash back and airfare through Loyalty Edge
    • 15-billing cycle, 0 percent intro APR for balance transfers made within the first 45 days
  • Cons:
    • Must spend nearly $50,000 each year to just offset the annual fee
    • Purchase protections and airline credit coverage valued at less than those from travel cards with half the annual fee
    • Rewards might also not be as valuable as the points from lower-priced cards
  • Benefits:
    • Patented Card Construction;
    • $200 annual airline credit;
    • $0 Fraud Liability Protection;
    • Mastercard ID Theft Protection;
    • Mastercard Global Service;
    • No Foreign Transaction Fees;
    • Global Acceptance;
    • 24/7 Luxury Card Concierge;
    • 2% Value for Airfare Redemptions;
    • 2% Value for Cash Back Redemptions;
    • Patented 24K-gold-plated front and carbon back — weighing 22 grams;
    • No Foreign Transaction Fees;
    • VIP Airport Lounge Access;
    • Luxury Card EXPERIENCES;
    • It Pays To Be a Member;
    • Airport Meet & Assist;
    • Annual Airline Credit;
    • Global Entry & TSA Pre✓® Application Credit;
    • TCS World Travel;
    • Cellular Telephone Protection;
    • Travel Accident Insurance;
    • Baggage Delay Insurance;
    • Trip Cancellation and Interruption;
    • Travel Assistance.
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Discover it® chrome Discover Bank
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 2% Cash Back every quarter at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
    • 1% Earn unlimited Cash Back on all other purchases automatically.
  • Intro Offer:
    2%2x rewards your first year with Cashback Match.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Intro APR for 14 months from date of account opening.
  • Regular APR:
    11,99% - 22,99% Variable APR, based on your creditworthiness.
  • Balance Transfer APR:
    11,99% - 22,99% Variable APR, based on your creditworthiness.
  • Issuer name:
    Discover Bank
  • Details:

    Discover it® chrome offers cardholders the opportunity to earn cash back on some of the biggest everyday expenses—gas and restaurants.

    Discover it® chrome doesn’t charge an annual fee, foreign transaction fees or a penalty APR. You also have a one-time safety net since your first late payment fee is waived (up to $40 after that).

    In case you already have a balance you’re trying to shave down, the Discover it chrome card offers a sizable 14-month 0 percent introductory APR on purchases and balance transfers (3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*). Even afterward, the 11.99 percent to 22.99 percent variable ongoing APR is well below average.

    You’ll earn 2 percent cash back on gas and restaurant purchases (on up to $1,000 in purchases each quarter, then 1 percent), plus 1 percent cash back on all other purchases. Besides gas stations, your categories will earn rewards from dining in, takeout and delivery from full-service restaurants, cafes, cafeterias and fast food restaurants.

  • Pros:
    • Bonus cash back categories
    • No annual fee
    • Intro APR period on Purchases and Balance Transfers
    • No foreign transaction fee
  • Cons:
    • Good/excellent credit is required
    • Discover cards are not widely accepted outside of the U.S.
  • Benefits:
    • $0 Fraud Liability;
    • No Foreign Transaction Fees;
    • 2% Cash Back every quarter;
    • 1% Unlimited Cash Back;
    • 2x rewards your first year.
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Citi Costco Anywhere Visa® best for Young adults

Costco Anywhere Visa® Citi
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 4% Cash Back on eligible gas, including gas at Costco for the first $7,000 per year and then 1% thereafter.
    • 3% Cash Back on restaurants and eligible travel purchase worldwide.
    • 2% Cash Back on all other purchases from Costco and Costco.com.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    15.24% Regular APR.
  • Balance Transfer APR:
    15.24% Balance transfers must be completed within 2 months from date of account opening.
  • Issuer name:
    Citi
  • Details:

    The Costco Anywhere Visa® Card by Citi carries plenty of goodies in its cart.

    The card can indeed be used anywhere, not just at Costco, and it offers impressive rewards rates across a wide variety of categories. Its annual fee is $0.

    But there are a couple of economy-size caveats there: You have to be a Costco member to get the card (or to realize any benefit from it), and that does require a yearly membership fee. And while the card’s rewards rates are generous in some categories, they aren't particularly high for Costco purchases, and redemption isn’t straightforward.

    In addition to the 2 percent cash back you’ll earn on Costco/Costco.com purchases, you’ll also earn a whopping 4 percent on eligible gas purchases (on up to $7,000 in purchases per year, then 1 percent), 3 percent on eligible restaurant and travel purchases and 1 percent on all other purchases.

    With purchase protection, You may be reimbursed if your purchases are stolen or damaged within three to four months after you bought them.

  • Pros:
    • No foreign transaction fees
    • No annual fee
    • One of the best cash back cards for gas
    • Unlimited 3 % Cash Back on eligible travel and dining on top of the gas and Costco rewards
  • Cons:
    • Excellent credit is required
    • Costco membership is required
    • No welcome offer
    • Rewards redeemable once a year and only at Costco
  • Benefits:
    • Cash Back Rewards;
    • Damage & Theft Purchase Protection;
    • Extended Warranty;
    • Citi Entertainment®.
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