Best Balance Transfers for August

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.

  • Pay less interest. Save on balances and new purchases.
  • $0 balance transfer fee - introductory offer!
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • $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% (V)*

$0

Excellent Credit


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.

  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

12.99% - 21.99% (Variable)*

$0*

Excellent Credit


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.

  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • *Click 'Apply' to see rates, rewards, and free FICO® Credit Score terms and other information.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 14 months*

0% for 14 months*

10.99% - 22.99% Variable*

$0

Excellent Credit



  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • * Click 'Apply' to see rates, rewards, and free FICO® Credit Score terms and other information.
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.

  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

11.99%-21.99% (Variable)*

$0*

Excellent Credit


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 249 posts.

Leave a Comment

Previous post:

Next post: