Best Mastercard Balance Transfer Credit Card
Our Detailed Review
There’s no cap on cash-back rewards. Chip technology and $0 fraud liability help protect you from unauthorized charges.
A hefty 3% foreign transaction fee means this card isn’t ideal for use abroad.
Application Process: Spend a few minutes filling in basic info like your name and date of birth to find out whether you qualify. You need decent credit, so hold off on applying if your FICO needs help.
Bonus Offers: Jackpot - there’s a promotional APR and a cash-back bonus for new cardholders! Enjoy a 0% on transfers and new purchases for the first 15 billing cycles, plus rack up a $200 cash rewards bonus if you spend at least $1,000 during the first 90 days. FYI, transfers do not count toward the cash-back bonus, and you have to transfer balances within 45 days for them to qualify for the 0% APR.
Rewards: Yay - you can actually earn rewards with this card! Most of the best balance transfer credit cards lack this feature.
Earn unlimited 1.5% cash-back rewards on every qualifying purchase, plus score a 5% redemption bonus each time you redeem your rewards. There’s no expiration date for cash rewards, and you can cash out in $50 increments via direct deposit, gift cards, or statement credits.
APR: Once the promotional period ends, you’ll pay a variable APR that’s either 15.99%, 20.99% or 23.99%. Could be better, could be worse.
Annual Fee: None! You pay $0 per year.