Best Chase Balance Transfer Credit Cards

Having credit card balances can force you into deep debt before you know it, especially if you are only making minimum payments. Transferring balances on a 0% credit card can save you a significant amount of money in interest and pay off debt faster.

Chase has three credit cards that offer 0% introductory financing on balance transfers and a $ 0 annual fee. Each includes additional benefits, such as free access to your weekly credit score and tools to help you stay on top of your credit.

3 best balance transfer credit cards from Chase

Read on to learn more about the best Chase balance transfer credit cards and how they can help you clear your debt while also earning cash back and other rewards.

Chase Freedom Flex Credit Card

Best for: Cash back by bonus category

The Chase Freedom Flex card offers an introductory 0% APR on balance transfers to give you ample time to reduce your credit card debt – if not pay it off entirely. Until then, you’ll earn 5% Cash Back on up to $ 1,500 in purchases in any bonus spend category or with the merchant you activate each quarter. Once you’ve reached the $ 1,500 limit, the rewards will automatically revert to 1% for subsequent purchases.

Advantages

• Great introductory offer for balance transfers
• Leading flexible bonus categories and merchants that change quarterly
• Generous and easy to earn bonuses for new cardholders
• Free and discounted DoorDash DashPass subscriptions
• $ 0 annual fee

The inconvenients

• $ 5 or 3% balance transfer fee, whichever is greater
• Must activate bonus category / merchant quarterly to earn 5% reward
• 3% foreign transaction fees

Who would benefit from this card? Customers who want the flexibility of rotating 5% cash back categories.

Chase Freedom Unlimited Credit Card

Best for: Daily expenses

Rather than providing limited rewards on rotating bonus categories and merchants like the Freedom Flex card, the Chase Freedom Unlimited card increases the lowest reward to 1.5% on all non-discounted purchases. in silver of 3% or 5%. Whether it’s likely to make you more money in the long run depends on what you spend and what you buy, but with this card, there’s no guessing – you always know what reward you’re earning. Plus, you get the same introductory 0% APR on balance transfers for 15 months.

Advantages

• Great introductory offer on balance transfers
• Predictable cash back rewards on purchases
• Generous and easy to earn new member bonus
• Free and discounted DoorDash DashPass subscriptions
• $ 0 annual fee

The inconvenients

• $ 5 or 3% balance transfer fee, whichever is greater
• 3% foreign transaction fees

Who would benefit from this card? Customers who want to maximize their income from their daily expenses.

Chase Slate Edge Credit Card

Best for: Low APR

The Slate Edge Balance Transfer Card comes with an introductory 0% rate on balance transfers for 12 months. This card does not offer cash back on purchases, but it can save you money by reducing your APR by up to 2% each year. And you can avoid incurring interest charges on new debt with the My Chase plan. The plan allows you to make equal monthly payments on purchases of $ 100 or more for a fixed monthly finance charge.

Advantages

• 0% introductory APR on balance transfers for 12 months
• Possibility of reducing the APR
• Easy to earn bonus credit for new cardholders
• Automatic credit limit review for eligible cardholders
• Eligible for My Chase Plan
• $ 0 annual fee

The inconvenients

• Less advantages than Freedom cards
• $ 5 or 3% balance transfer fee, whichever is greater
• 3% foreign transaction fees

Who would benefit from this card? Customers whose primary use of the card is to consolidate higher interest credit card debt.

Choosing the Best Chase Balance Transfer Credit Card for You

Which of the three Chase Balance Transfer Cards is right for you depends on how much debt you are transferring and how you plan to use the card other than paying off those balances. Both Freedom cards give you 15 months of interest-free financing on balance transfers as well as generous cash back rewards, but you’ll pay at least 14.99% APR after the promotional period ends. The Slate Edge card gives you less time to pay off transferred balances. However, a 2% rate reduction at the end of the promotional APR makes carrying over any outstanding balances a little less expensive.

Methodology: GOBankingRates identified the best balance transfer credit cards by analyzing all banks with over $ 100 billion in total assets, as well as the three largest credit unions based on the following factors: (1) length of bank 0% introductory APR for balance transfers; (2) 0% APR term for purchases; (3) balance transfer rate; (4) balance transfer fee; (5) the costs of transfer abroad; (6) annual fee; (7) buy an APR; and (8) any benefits associated with a card that could extend its value beyond the promotional APR period. All fees and rates are subject to change at the discretion of the credit card issuers. Some offers may not be available on the websites of credit card issuers, depending on how you access the web page. The data is taken from the financial institution‘s website or promotional material between August 4, 2021 and September 28, 2021. Please check the terms and conditions before opening an account.