To bring you the list of best balance transfers cards, we use an objective rating and ranking system that compares features across a large set of credit cards (over 200 of them from over 50 issuers). We use calculations to estimate the value of each card for the average cardholder, based on LendingTree and U.S. Bureau of Labor data.
- Intro offer savings (90% of rating): We calculate the amount you’ll save on a balance transfer, based on the length of the introductory period. We assume a transfer amount of $6,000 and a monthly payment of $300. We subtract balance transfer fees, annual fees and the amount paid on interest for any amount left over after the introductory period expires.
- Ongoing value (10% of rating): We also consider the yearly value in rewards for the average cardholder, minus the card’s annual fee. For non-rewards cards, this value will be $0, or less than $0 if the card charges an annual fee.
Note, that our ratings are a starting point for comparing and choosing the best balance transfer credit cards. However, your balance transfer needs may be different from the average cardholder. You should consider the amount you’re likely to transfer and which benefits you value to choose the best card for you.