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Balance Transfer Cards: A Complete Guide for 2025
Thinking about a balance transfer? Learn how they work, when they make sense, and what to watch out for.
By The Bangk Editorial Team• Reviewed by Editorial Review Board2025-01-03• Updated 2025-01-14
What This May Mean for You
A balance transfer could help you save on interest if you have good credit and a plan to pay off the balance during the intro period.
A balance transfer allows you to move existing credit card debt to a new card, often with a 0% intro APR period.
Balance transfers can help you save on interest and pay down debt faster, but they're not right for everyone. You typically need good credit to qualify, and most cards charge a transfer fee of 3-5%.
The key to success with a balance transfer is having a plan to pay off the balance during the intro period, before the regular APR kicks in.
Educational content only. Not financial advice.