Are you looking to save money on interest and reduce your debt burden? Balance transfer credit cards can be a great way to do this. With the right card, you can move high-interest balances onto a low-interest card and pay less in interest over time. This can help you get out of debt faster and more efficiently.
Many balance transfer credit cards offer an introductory period with zero or low-interest rates on balance transfers, allowing you to save money on interest while still paying down your debt. To help you find the best option for your needs, here is our list of the top balance transfer credit cards for 2023:
1) Chase Slate: Chase Slate offers 0% APR on balance transfers for 15 months (with no fee). Plus, it has no annual fee and gives new users up to $150 back if they spend $500 within 90 days of opening their account.
2) Citi Simplicity: This card provides 0% APR on both purchases and balance transfers for 18 months (with no fee). It also has no late fees or penalty rate so it’s perfect for those who may slip up occasionally with payments.
3) Wells Fargo Platinum Card: If you’re looking for a long introductory period, this card offers 0% APR on purchases and qualifying balance transfers made during the first 18 months from account opening (with a 3% fee). Plus, there is no annual fee.
4) BankAmericard Credit Card: The BankAmericard Credit Card has one of the longest intro terms at 21 months – 0% APR on both purchases and balance transfers (with 3%-5% fee depending on how much is transferred). And there’s also no annual fee!
5) U.S Bank Visa Platinum Card: With this card, new users get 0% APR on all purchases and qualifying balance transfers made during the first 20 billing cycles from account opening (with a 3%-5% fee depending on how much is transferred). There’s also no annual fee!
Ultimately, when choosing a credit card make sure that it fits your financial goals as well as lifestyle habits; bonus rewards are nice but they shouldn’t come at a cost that exceeds what could have been saved by using another type of product such as an installment loan or home equity line of credit instead. By taking into consideration all potential options available to you, finding the best fit should be easy enough!