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.

Best Balance Transfers for August



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.

summer-trip-rewards-cardAs summer continues to swelter, Americans are always looking for ways to beat the heat. But for those who have incurred expenses from a summer vacation, or just an air conditioner repair, a promotional balance transfer can be your way to beat interest rates in 2013, 2014, and even as far as early 2015!

Three top balance transfer credit cards

Slate® from Chase

New cardholders receive 15 months of interest free financing on both new purchases and balance transfers, with no balance transfer fee. This product is so popular because it is the only card with 0% APR balance transfers and no fee; all other cards with require a 3% balance transfer fee. There is no annual fee for this card, and cardholders can use Chase’s Blueprint program for free. This innovative feature allows cardholders to pay off some purchases in full while carrying a balance on others. It also includes powerful budgeting and goal setting features. And best of all, there is no annual fee for this card.

Citi Simplicity® Card

Citi offers this card with 18 months of interest free financing on both new purchases and balance transfers. This card also includes no late fees or penalty interest rate. That means that if a payment is late, cardholders will not face any additional fees or  see their interest rates double. There is no annual fee for this card.

Discover it®

Discover it® comes in two different versions. One version has 14 months of interest free financing on balance transfers and new purchases, while the other features 18 months of 0% APR on balance transfers, and six months on new purchases, with a 3% balance transfer fee. But unlike the other top competitors, this card is also a rewards card. Cardholders receive 1% cash back on all purchases, and 5% cash back on transactions from categories of merchants that change each quarter. There is no annual fee for this card, and no foreign transaction fees.


  • Double all the cash back you've earned at the end of your first year automatically—only for new cardmembers*
  • 5% cash back in categories that change each quarter like gas, restaurants, Amazon.com and more—up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • 0% intro APR on balance transfers for 18 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • New Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.*
  • Free FICO® Credit Score on statements, online & by mobile app.* And 100% U.S.-based service any time.
  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and never responsible for unauthorized purchases on your Discover card.
  • *See rates, rewards, free FICO® Credit Score terms & other info by clicking "Apply."
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 6 months*

0% for 18 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


Citi® Diamond Preferred® Card

Like Simplicity, this card offers the same, industry leading, 18 months of interest free financing on both new purchases and balance transfers, with a 3% balance transfer fee. Instead of offering no late fees or penalty interest rate, this card features a variety of valuable travel insurance and purchase protection policies. There is no annual fee for this card.

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 418 posts.

Leave a Comment

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Previous post:

Next post: