Advertising Disclosure *Advertising Disclosure: SmartBalanceTransfers.com is an independent, advertising-supported comparison service. SmartBalanceTransfers.com receives compensation from the credit card issuers whose credit card offers appear on the website. The compensation may impact the order in which they appear within listing categories. SmartBalanceTransfers.com does not include the entire universe of available credit or financial offers.

About Editor's Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.

May’s Best Balance Transfer Offers



Smart Balance Transfers provides in-depth information and insights into credit cards. While we do accept Smart Balance Transfers provides in-depth information and insights into credit cards. While we do accept compensation from credit card companies when consumers visit their websites, we have striven to provide unbiased reviews since 2007.

may-sbt-indexAs spring stretches into summer, many credit card users have not been able to recover from their holiday spending. And the most powerful tool for avoiding interest charges while paying down existing debt remains credit cards with 0% APR promotional balance transfer offers.

This May, credit card applicants can chose from these five top credit cards:

Citi Simplicity® Card

Simplicity continues to offer 18 months of interest free financing on both new purchases and balance transfers, with a 3% balance transfer fee. In addition, Simplicity boasts no late fees and no penalty interest rates, and there is no annual fee for this card.

Citi® Diamond Preferred® Card

Also from Citi, the Citi® Diamond Preferred® Card features the same 18 months of interest free financing that is offered with Simplicity. But instead of no late fees and no penalty interest rates, the Citi® Diamond Preferred® Card features several travel insurance and purchase protection policies that are usually found reward cards with annual fees. But unlike those products, there is no annual fee for this card.

Discover it™

Discover’s new offering for 2013 continues to win over fans with two different promotional financing offers. The first, is for 14 months of 0% APR financing on both new purchases and balance transfers, with a 3% balance transfer fee. The other is for 18 months of 0% APR financing on balance transfers, but only 6 months for new purchases. Yet both cards feature 1% cash back on all purchases, and 5% back on purchases from categories of merchants that change every quarter. In addition, there is no annual fee or foreign transaction fees for this card, and the late late fee is automatically waived for card holder’s first late payment.

Citi ThankYou® Preferred Rewards Card

Citi offers its ThankYou® Preferred Rewards Card with both rewards and a promotional financing offer. New applicants receive 12 months of 0% APR financing on new purchases and balance transfers, with a 3% balance transfer fee. In addition, cardholders receive 15,000 ThankYou points after making $1,000 in purchases within 90 days of opening a new account. This is worth $150 in gift cards, loan repayments, or travel booked through Citi. Cardholders also receive one ThankYou point per dollar spent on all purchases, and there is no annual fee.

Slate® from Chase

Slate remains in a class of its own as it is the only credit card with a 0% APR promotional balance transfer offer and no balance transfer fee. New applicants receive 15 months of interest free financing on both new purchases and balance transfers. There is no annual fee for this card.

  • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • New Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

12.99%, 17.99%, 22.99% Variable*

$0

Excellent/Good


Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 430 posts.

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