Geeky Insights:

Best Balance Transfer Credit Cards - October 2020

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DollarGeek's team has spent countless hours researching and analyzing the best balance transfer credit cards. Start comparing this month's best offers and see which balance transfer credit card fits your needs best. We focus on the features that matter: transfer fees, affordable APRs, welcome offers, annual fees and a lot more. Browse the top balance transfer cards below that made our list. Use our "compare card" feature to get a side-by-side analysis on your picks.

OVERALL RATING:
(4.5)

Citi® Diamond Preferred® Card

BEST FOR: One of the lengthiest 0% balance transfer durations

Citi® Diamond Preferred® Card

OVERALL RATING:
(4.5)
  • Purchase Intro APR:
    0% for 21 months
  • Transfer Intro APR:
    0% for 12 months | Transfer Fee: 5% (min $5)
  • Regular APR:
    13.74% - 23.74% (Variable Rate)
Compare Card Apply Now on Citibank's website
Credit Score Range
720-850
Annual Fee
$0
Purcahse Intro APR
0% for 21 months
Regular APR
13.74% - 23.74%
Rewards Rate
None
Rewards Bonus
None
Reward Details:
  • N/A
Geeky Insight:
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. After that, the variable APR will be 13.74% - 23.74%, based on your creditworthiness. All transfers must be completed in first 4 months.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 13.74% - 23.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid in full.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • Get free access to your FICO® score online.
  • With Citi Entertainment℠, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • Shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.
  • The standard variable APR for Citi Flex Plan is 13.74% - 23.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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OVERALL RATING:
(4.6)

Citi® Double Cash Card 18 month BT offer

BEST FOR: Flat rate cash back

Citi® Double Cash Card 18 month BT offer

OVERALL RATING:
(4.6)
  • Purchase Intro APR:
    0% for 18 months
  • Transfer Intro APR:
    N/A | Transfer Fee: 3% (min $5)
  • Regular APR:
    13.99% - 23.99% (Variable Rate)
Compare Card Apply Now on Citibank's website
Credit Score Range
720-850
Annual Fee
$0
Purcahse Intro APR
0% for 18 months
Regular APR
13.99% - 23.99%
Rewards Rate
2% Cash Back
Rewards Bonus
None
Reward Details:
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
Geeky Insight:
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% - 23.99%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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OVERALL RATING:
(4.7)

Blue Cash Everyday® Card from American Express

BEST FOR: Ongoing rewards in different categories

Blue Cash Everyday® Card from American Express

OVERALL RATING:
(4.7)
  • Purchase Intro APR:
    0% for 15 months
  • Transfer Intro APR:
    0% for 15 months | Transfer Fee: 3% (min $5)
  • Regular APR:
    12.99% - 23.99% (Variable Rate)
Compare Card Apply Now on American Express's website
Credit Score Range
690
850
Annual Fee
$0
Purcahse Intro APR
0% for 15 months
Regular APR
12.99% - 23.99%
Rewards Rate
1 - 3% Cash Back
Rewards Bonus
$150
Reward Details:
  • Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Don't wait for your Card in the mail. Start earning cash back before your card even arrives, if eligible for Instant Card Number.
  • Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • Terms Apply.
Geeky Insight:
  • Low intro APR: 0% for 15 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99%.
  • No annual fee.
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Best balance transfer Credit Cards Recap

Overall Rating

Best For

Regular APR

Balance Intro APR

Annual Fee

(4.5)
One of the lengthiest 0% balance transfer durations
13.74% - 23.74
0% 12 months
$0
(4.6)
Flat rate cash back
13.99% - 23.99
N/A
$0
(4.7)
Ongoing rewards in different categories
12.99% - 23.99
0% 15 months
$0

OTHER GEEKY PICKS

From Our Editors

Best for: Delta Loyalist With No Annual Fee

The Delta SkyMiles® Blue American Express Card is a no-annual-fee rewards card that’s best for people with good credit or better who want to save extra at restaurants and on their Delta flights. This card will give you 2 miles per $1 in eligible restaurant and Delta purchases, compared to 1 mile per $1 on all other purchases. New cardholders who spend $500 in the first three months after opening an account also get 10,000 miles, worth roughly $127 in Delta airfare, per our calculations. Plus, the Blue Delta SkyMiles Credit Card provides a 20% statement credit after eligible in-flight purchases: food, beverages and headphones.

Best Balance Transfer Credit Cards of October 2020

Gain some clarity on the best business credit cards with our geeky insight.

BEST FOR: One of the lengthiest 0% balance transfer durations

Rewards Rate

None

Rewards Bonus

None

Annual Fee

$0

Rewards Details:

  • N/A

Geek Point Of View:

The Citi Diamond Preferred card offers some attractive perks, check them out below:

  • Intro rates of 0%: This card offers cardholders 0% for 12 months on new purchases and it will also give you 0% for 21 months on balance transfers (must be completed within 4 months of account opening). These 0% periods are longer than what most other cards are offering.
  • High balance transfer fee: Yes the 0% for 21 months on balance transfers is attractive, but the fee for that balance transfer will cost you 5% (min of $5). You’ll have to weigh the costs and see if the 21 months at 0% is worth it.
  • No annual fee: The Citi Diamond Preferred card comes with no annual fee so you’ll be able to shave off some dollars every year with this perk.
  • High potential APR: After your intro APR of 0% runs out, you’ll need excellent credit to get on the bottom end of this cards APR range which starts at 13.74% (V) and gets as high as 23.74 (V). If you take care of your balance in full you won’t have to worry about the APR.
  • Best if used with another card: The Citi Diamond Preferred card isn’t known for it’s rewards – it is used for balance transfers. We recommend pairing this card with a rewards credit card to get the best of both worlds.

Bottom line: If you have great credit, are in need of a balance transfer credit card that provides you 0% interest for an extended period of time, this credit card is right up your alley.

APPLY ON THE LINK BELOW:

BEST FOR: Flat rate cash back

Rewards Rate

2% Cash Back

Rewards Bonus

None

Annual Fee

$0

Rewards Details:

  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.

Geek Point Of View:

The Citi Double Cash card is one of the best credit cards available right now. The combination of top cash-back rewards and no annual fee can let cardholders rack in the both rewards and savings. Aside from the no annual fee, the card gives you a total of 2% cash back in rewards on all purchases. How it works is, when you purchase something you will receive 1%, and after you pay the balance you will receive the other 1%. Having this 2% cash back rewards is a great perk that many cash rewards programs can’t compete with.

A couple of other things cardholders should be conscious of with this card is that while it does offer 0% interest for 18 months on balance transfers, it will also charge a balance transfer fee of 3% (min $5), which could make you think of some other options of your priority is a balance transfer. For those looking for a big sign up bonus, prepared to be disappointed. The Citi Double Cash card does not have any sign-up bonuses or initial rewards bonuses for spending a certain amount within the first few months of opening your account. The absence of an initial sign up bonus might be a disadvantage, but don’t forget you will be getting 2% cash back and no annual fees!

Below you will find a breakdown of the Citi Double Cash. Make sure to look these over before applying.

Citi Double Cash Review Highlights:

  • Double your cash back rewards: The Citi Double Cash Card offers cardholders 1% cash back twice – once when you make purchases and again when you pay your bill. The average cash back rewards credit card doesn’t compete with this high rate. 2% is a lot more attractive than the common 1% cash back.
  • No huge intro bonus: While this card offers much more ongoing value than most of the other cash back credit cards, the card does not include an initial bonus like most. So, if you’re looking to make a big-ticket purchase and get a big initial bonus for spending during the first months of owning the card, you might want to look elsewhere.
  • No annual fee: A lot of the best rewards cards charge annual fees, and it forces you to make a lot of purchases just to get your money’s worth. But with the Citi Double Cash card and it’s $0 annual fee, you can save unneeded cost. By not having an annual fee you can complement this card with another credit card and not worry about wasting money. As for an example, some cardholders will use the Citi Double Cash card for purchases in categories their other rewards cards won’t provide higher bonus earning rates for.
  • Zero-interest balance transfer intro offer: New applicants will get a promotional APR of 0% for 18 months on balance transfers (18 months is longer than most other cards provide cardholders). Balances transferred within four months of account opening are eligible for the introductory rate. Terms apply.
  • Balance transfers will cost you: The Citi Double Cash balance transfer offer is one of the best deals available (0% for 18 months), but it would be even better if it was paired up with a lower balance transfer fee. The transfer fee is 3% (min $5) so make sure to run the numbers.
  • High regular APR: This card comes with a high regular APR so if you’re not going to pay your bill in full every month you might want to look elsewhere.
  • You need a healthy credit score: You must excellent credit to qualify for the Citi Double Cash card.

The bottom line: The Citi Double Cash is among 2020’s best cash back credit cards due to its stellar rewards rate, no annual fee, and incentive for paying your monthly balance. If you are looking for a great card with simple, big cashback rewards, and no annual fee, you can’t go wrong with Citi Double Cash card.

BEST FOR: Ongoing rewards in different categories

Rewards Rate

1 - 3% Cash Back

Rewards Bonus

$150

Annual Fee

$0

Rewards Details:

  • Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Don't wait for your Card in the mail. Start earning cash back before your card even arrives, if eligible for Instant Card Number.
  • Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • Terms Apply.

Geek Point Of View:

The Blue Cash Everyday Card offered by American Express has a variety of perks that’s makes it one of the best rewards credit cards around. The card comes with a $0 annual fee, an intro APR of 0% (for 15 months) on purchases and balance transfers, and a initial bonus of $150 if you spend $1,000 on the card within the first three months. This card is best suited for those with a good to excellent credit score (700+ score). This card offers big benefits to cardholders who spend a lot of gas and groceries.

Blue Cash Everyday Review Highlights:

  • Intro Bonus of $150: The AMEX Blue Cash Everyday Card will give you a $150 bonus for spending at least $1,000 in the first three months. Sure, its not the biggest bonus available, but it’s definitely a perk.
  • Best for spending cash at gas stations, grocery stores and department-store purchases: This card will give you 3% cash back on purchases at U.S. supermarkets each year (up to $6,000 per year in purchases), 2% cash back at U.S. gas stations and also certain U.S. department stores (see list here), and everything else is 1% back on purchases.
  • 0% intro APR always helps: AMEX’s Blue Cash Everyday offers 0% intro rates on both new purchases and balance transfers for the first 15 months. But the offer is better for purchases because Blue Cash also charges a 3% (min $5) balance-transfer fee. If you decide to take advantage of this card’s 0% APR, make sure you pay off your balance before the card’s regular APR takes effect.
  • No Annual Fee: No annual fees always help. As long as you pay your bill on time and in full each month, you can completely avoid having to pay anything extra for this card.

The bottom line: The Blue Cash Everyday from American Express offers a lot of perks for those who want to avoid an annual fee. If you spend a lot at the grocery store and gas pump you can reap in great rewards. Have a 0% intro APR for 15 months is a perk that might be appealing to many. This card offers cardholders multiple options and can be a great addition to most wallets.