Credit Cards for Balance Transfers
Updated: Jan 9, 2026 at 12:43 AM EST
A Balance Transfer Credit Card can become a powerful instrument for reducing debt when you already carry a significant credit card balance. It can help you save money on interest by moving your existing debt to the Balance Transfer Credit Card.
When you move the existing balance from a high-interest credit card to the Balance Transfer Credit Card, the best Balance Transfer Credit Card offers you a 0% introductory interest rate for a period of time on the debt you move, typically the introductory time period is between 15 - 21 months. Within this time, you are not charged interest on the transferred balance, so you put more money toward the principal amount you owe, thus paying off your debt faster and improving your credit history.
It’s important to remember that most Balance Transfer Credit Cards charge a transfer fee, typically 3-5% of the debt being transferred. Make sure you factor in this balance transfer fee in your calculations when deciding to open the Balance Transfer Credit Card and move your debt to it.
