Best Balance Transfer Credit Cards in Singapore for 2026
Updated: 18 Mar 2026
Credit Card | Product Name | ๐ฅ Hot Reward Pick | Card Benefit | Interest Free Period | Processing Fee | |
|---|---|---|---|---|---|---|
 | Citi PremierMiles Card | 1.2 - 10 | 25 days | From0.5 % | ||
 | Standard Chartered Simply Cash Credit Card | 1.5 % | 22 days | From0.1 % | ||
 | POSB Everyday Card | 0.3 - 10 % | 25 days | From2 % | ||
 | HSBC Live+ Credit Card | 0.3 - 8 % | 20 Days | From3 % | ||
 | UOB Lady's Card | S$60 Cash via PayNow | 0.4 - 10 miles per dollar | 21 days | From3 % | |
 | DBS Altitude American Express Card | 1.3 - 2.2 | 25 days | From2 % | ||
 | UOB One Card | 3.33 - 20 % | 21 days | From3 % | ||
 | Trust Cashback Credit Card | 1 - 15 % | 45 days | - | ||
 | Trust Link / NTUC Link Credit Card | 0.22 - 21 % | 45 days | No processing Fee |
- 1.2 miles per S$1 spent locally.
- 2.2 miles per S$1 spent in foreign currency.
- Citi Miles never expire. Can be exchanged for a variety of frequent flyer miles, hotel stays, rewards and cash rebates.
- Use Citi PayAll to earn Citi Miles, Citi ThankYou PointsSM or Cash Back when you pay your bills with your Citi Credit Card.
- Earn miles on rent, condo management fees, school fees, taxes and bills via Citi PayAll.
- 2 free airport lounge visits per year to participating Priority Pass lounges worldwide.
- Up to S$1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi PremierMiles Card will be updated to end on 31 March 2026. For more information, please click here.
- 11 different airline and hotel transfer partners.
- Generous sign-up bonus with relatively low minimum spend.
- Read our full review of the Citi PremierMiles Card.
- No expiry air miles
- Airport lounge
- Travel rebate
- Gift: Apple product
- Admin fee of S$25 (excluding GST) for each conversion of Citi Miles to frequent flyer miles.
- Service fee applies to Citi PayAll facility.
- 1.5% unlimited cashback rate with no min. spend.
- Enjoy offers and privileges for online, dining, retail and more with The Good Lifeยฎ.
- SC Shop and Earn - Enjoy up to 23% Cashback when you shop at your favourite brands โ Decathlon, Nike, Zalora and many more. Unlock one of the highest Cashback as a Priority client. Log on to SC Shop and Earn via SC Mobile to start shopping.
- First year annual fee waiver.
- 1.5% unlimited cashback
- No rebate cap
- No monthly spend required
- First year annual Fee waiver
- Cannot be used for EZ-Reload.
- Up to 10% cash rebates on food delivery via foodpanda, GrabFood and Deliveroo.
- Up to 10% cash rebates on in-store spend in Malaysian Ringgit (MYR).
- Up to 10% cash rebates on SimplyGo.
- Up to 5% cash rebates on Amazon.sg, Lazada, Shopee, RedMart, Taobao and TikTok Shop.
- Up to 5% cash rebates at Popular bookstores (in-person and online)
- 5% cash rebates at Sheng Siong supermarkets.
- 6% cash rebates at SPC.
- 3% cash rebates at Pet Lovers Centre.
- 0.3% cash rebates on all other eligible spend.
- Cash rebates (in Daily$) never expire.
- Read our full review of the POSB Everyday Card.
- Food delivery
- Online shopping rebate
- Min. spend of S$800 per calendar month required for accelerated cash rebate earn rate.
- S$20 monthly cash rebate cap for dining, Sheng Shiong, Popular, online shopping, SimplyGo, and MYR categories respectively.
- Rebate cap applied
- Monthly spend required
- 8% cashback* on dining, entertainment, and shopping spend (both local and overseas).
- 5% cashback* on fuel spending at Caltex and Shell stations in Singapore.
- 0.3% cashback* on all other qualifying spend.
- First year annual fee waived.
- Dining rebate
- Entertainment rebate
- Petrol rebate
- Min. spending of S$600 per calendar month, for all 3 months in a calendar quarter, required to earn 8% cash rebate.
- Cashback* capped at S$250 per calendar quarter.
- Cash rebates* are credited quarterly instead of monthly.
- *Min. spend and other terms & conditions apply.
- High base minimum annual income requirement of S$65,000 (w.e.f. 1 October 2025) Learn more.
- Rebate cap applied
UOB Lady's Card
- Pick from 7 rewards categories to earn up to 25X UNI$ for every S$5 spend (10 miles per S$1)
- Spend on UOB Lady's Credit Card to earn 10X UNI$ (4 miles per S$1) and enjoy additional up to 15X UNI$ (6 miles per S$1) when you pair your UOB Lady's Credit Card with UOB Lady's Savings Account
- LuxePay: Enjoy 0% 6 or 12-month instalment plan when you purchase your favorite luxury apparels.
- Complimentary e-Commerce protection on your online purchases.
- Enjoy UOB$ rebate on your daily essentials, entertainment and shopping.
- Local & Overseas spending rewards
- Installment
- No monthly spend required
- You can only choose 1 rewards category out of 7 to earn up to 25X UNI$ (10 miles per S$1). Feel free to change your category every quarter.
- You must save with UOB Ladyโs Savings Account to unlock up to additional 15X UNI$ (6 miles per S$1) earn rate on your preferred rewards category.
- Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
- Monthly rewards cap applies.
- Up to 1.3 miles per S$1 spent locally, including bus and train rides.
- Up to 2.2 miles per S$1 spent on overseas purchases in foreign currency.
- Receive 10,000 bonus miles when you pay the annual fee of S$196.20
- Read our full review of the DBS Altitude Card.
- Bonus air miles
- Airport lounge
- No expiry air miles
- Unlimited air miles
- Miles are awarded in the form of DBS points which are awarded for every S$5 spent.
- Each conversion of DBS points to miles will be subjected to an administrative fee of S$25 (exclusive of GST).
- Up to 20% cashback on daily spend at McDonald's, Grab, SimplyGo (bus/train rides) and Shopee.
- Up to 18% cashback on all grocery spend.
- Up to 4.33% on SP utilities bill.
- Up to 3.33% cashback on all retail spend.
- Petrol savings of up to 22.66% at Shell and SPC.
- Greater savings with up to 3.4% p.a. interest with UOB One Account+.
- Supermarket rebate
- Grab/taxi rebate
- Spend at least $600 monthly based on your qualifying quarter to enjoy up to 10% cashback.
- Awarding of cash rebate only comes every quarter.
- Qualifying monthly spend for cash rebate has to be spread out across min. 10 different purchases.
- Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
- Monthly spend required
- Rebate cap applied
- Earn up to 15%^ cashback on your preferred category
- From 1 Mar 2026, get up to 1% unlimited instant cashback on all eligible spend (including preferred category). See Trust Cashback Key Facts Sheet for more details.
- Enjoy 0% foreign transaction fees
- Get up to extra 20% off exclusive partner deals
- Real-time cashback tracking in your Trust App
- Enjoy up to 21% savings on groceries and food at FairPrice Group when you spend on credit card.
- Enjoy up to 20% savings on fuel purchase at Caltex when you spend on credit card.
- Enjoy 0% foreign transaction fees
- No annual fees.
- No card replacement fee.
- Cashback provided in Linkpoints.
POSB Everyday Card
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Interest-free duration: Up to 12 months
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Processing fee: Up to 4.5%
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Minimum payment: S$50 or up to 3% of the current balance
Card details
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Up to 20.1% fuel savings at SPC stations islandwide.
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Earn 10% cash rebates on food delivery via foodpanda, Deliveroo, and WhyQ.
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Earn 3% cash rebates on dining (excluding fast food).
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Earn 8% cash rebates on online shopping (Shopee, Lazada, Amazon.sg, Qoo10, RedMart, iHerb, Taobao, and Popular Online Store).
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Earn 5% cash rebates at Sheng Siong supermarkets.
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Earn up to 3% cash rebates on utilities and telecommunication payments.
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Earn 6% cash rebates at SPC and 0.3% cash rebates at Watson.
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Earn 0.3% cash rebates on all other transactions.
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Cash rebates never expire.
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Minimum monthly spend of S$800 required for accelerated cash rebate earn rate.
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S$15 monthly cash rebate cap for dining and online spending categories respectively.
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S$30 monthly cash rebate cap for groceries.
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Annual fee of S$196.20 (waived for the first year).
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Foreign currency transaction fee: 3.25%.
SingSaver’s take
The POSB Everyday Card offers a balance transfer option with an interest-free period of up to 12 months, which can be attractive for consolidating debt. However, the relatively high processing fee of up to 4.5% can significantly offset the benefits. That said, this card might be a good fit for those who plan to use it for petrol and dining expenses, as the substantial rewards in these categories could potentially outweigh the cons of the balance transfer processing fee and the relatively high minimum monthly payments.
Pros
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Offers balance transfer options with up to 12 months interest free periods.
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High cash rebate rates on food delivery, online shopping, and groceries, for long term use of the card.
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Cash rebates never expire.
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Significant fuel savings at SPC.
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Rebates on utilities and telecommunication payments.
Cons
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High processing fee for balance transfers (up to 4.5%), which could negate interest free benefits.
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Minimum monthly spend of S$800 required for higher rebate rates.
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Monthly cash rebate caps apply to dining, online shopping, and grocery categories.
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Annual fee applies after the first year.
Citi PremierMiles
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Interest-free duration: Up to 24 months
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Processing fee: From 0.5%
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Minimum payment: S$50 or 1% of the current balance
Card details
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Earn 1.2 miles per S$1 spent locally.
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Earn 2.2 miles per S$1 spent in foreign currency.
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Citi Miles never expire, and can be exchanged for frequent flyer miles, hotel stays, rewards, and cash rebates.
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Earn miles on bills via Citi PayAll.
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2 free airport lounge visits per year to over 1,300 Priority Pass lounges worldwide.
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Up to S$1 million travel insurance coverage (coverage ends 31 March 2026).
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11 airline and hotel transfer partners.
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10,000 Citi Miles renewal bonus upon card anniversary.
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Air miles conversion fee of S$25 (excluding GST).
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Annual fee of S$196.20 (waived for the first year).
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Foreign currency transaction fee: 3.25%.
SingSaver’s take
The Citi PremierMiles Card offers a balance transfer option with duration of up to 24 months, with a minimum payment of 1% of the current balance, which is an attractive option for those looking to consolidate credit card debt. The card shines as a premier choice for frequent flyers with the ability to earn miles that never expire, coupled with two airport lounge access passes per year. The card's generous miles earn rate on foreign currency spending make it a great choice for those who prioritise travel benefits.
Pros
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24 month duration for interest-free balance transfer
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Miles never expire.
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High miles earn rate on foreign currency spending.
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Airport lounge access.
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Wide range of airline and hotel transfer partners.
Cons
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Air miles conversion fee.
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Annual fee applies after the first year.
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Standard foreign currency transaction fee.
Who can qualify for a balance transfer credit card?
To qualify for a balance transfer credit card, you’re required to have good to excellent credit score, a stable income, and a low debt-to-income ratio to show your ability to repay the transferred balance. Banks will also assess your credit history so they can ensure that you have a track record of responsible borrowing.
Additionally, the amount you can transfer depends on your credit limit, which varies based on the bank's evaluation of your financial profile.
It's important to keep in mind that BTs are best suited for disciplined borrowers who can pay off the balance within the interest-free period to avoid high-interest charges.
Factors to consider in choosing the best balance transfer credit card
This guide explores various balance transfer credit cards, each with unique advantages. Some cards focus solely on a 0% interest promotional period, while others continue to provide benefits like cashback or rewards long after the introductory period ends. But this is what to keep in mind when comparing balance transfer options.
Interest rates
While many cards offer a 0% promotional interest rate, it’s crucial to check the post-promotion balance transfer EIR. If you’re unable to pay off the transferred balance within the promotional period, the standard interest rate will apply—potentially increasing your repayment burden.
Duration of the promotional period
The duration of the interest-free period should be a key consideration, as a longer promotional period gives you more time to clear your debt without accumulating interest. To check how long you’ll need to repay your balance, use a balance transfer calculator. Then, choose a card that aligns with your repayment timeline.
Balance transfer fees
It's important to note that some balance transfer fees could be deducted from your savings. While some cards offer zero transfer fees, others may charge a percentage of your debt. As such, when comparing your options for a balance transfer credit card, factor in this cost to determine if a longer 0% period outweighs a higher upfront fee.
Credit limit
Not all balance transfer cards allow you to transfer your full outstanding balance. Some banks cap the transfer amount based on your credit limit, which can affect your ability to consolidate debt effectively. Ensure the card you choose allows for a sufficient transfer amount to meet your needs.
Annual fee
Since the goal of a balance transfer is to reduce debt, paying an annual fee can undermine potential savings. So when comparing options, prioritise cards that don’t charge an annual fee or offer sufficient benefits to justify the cost.
Additional perks
While the goal of a balance transfer is to manage debt efficiently, some credit cards come with additional perks like cashback, rewards, or air miles. If all other factors are equal, choosing a card with extra benefits can provide additional long-term value.
Smart ways to use your balance transfer credit card
If a balance transfer card aligns with your financial goals, this is how you can start:
1. Choose a card and apply
Once you have decided on a balance transfer credit card, apply for one as soon as possible. To take full advantage of the 0% balance transfer rate, initiate the transfer promptly after approval. Many issuers require you to complete the transfer within a set period to qualify for the promotional interest rate. Delaying could mean missing out on these benefits.
2. Tell the new card’s issuer you want to do a transfer
You may be able to initiate the transfer via your online banking account, mobile app, or by contacting customer service. Some issuers even allow you to request the transfer during the application process. Be prepared to provide:
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The name of the bank holding your existing debt
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Your account number
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The amount you want to transfer
Your balance transfer credit limit may differ from your overall credit limit. Since there’s no way to predict your exact limit before applying, ensure you have a backup plan if the full balance can’t be transferred.
3. Continue making payments on the old card
A balance transfer isn’t instant—it can take anywhere from a few days to a couple of weeks. To avoid late fees or penalties, continue making at least the minimum payments on your existing card until the balance shows as transferred.
4. Pay down the debt on the new card
Once your balance transfer is complete, shift your attention to paying off the debt. The 0% interest period gives you a unique opportunity to reduce the principal amount instead of just covering interest. Create a repayment plan to clear the debt before the promotional period expires—this prevents a sudden jump in interest charges later.
Common mistakes to avoid when using a balance transfer credit card
You can utilise balance transfer to manage your debts—if used correctly. To keep your balance transfer credit card a beneficial debt management tool, some common mistakes to watch out for include:
Overestimating the amount you can transfer
Despite being able to qualify for a balance transfer card, your credit limit may not cover your entire debt. Banks assess your risk before deciding how much to approve, and high debt levels may lead to partial approval. If you're carrying a significant balance, be prepared for the possibility that only a portion of it can be transferred.
Missing payments on your old card
Until the transfer is completed, your existing credit card balance still requires payments. Some people assume the transfer is immediate and stop paying their old card—only to incur late fees, penalties, or even credit score damage. Monitor both accounts and confirm when the balance has officially moved.
Losing your 0% rate due to late payments
Your introductory 0% interest offer comes with conditions—one of the most important being on-time payments. If you miss a payment, the issuer could revoke your 0% promotional rate, causing your interest to spike. To avoid this, consider setting up automatic payments or reminders.
Relying on balance transfers as a long-term strategy
If you consistently move debt from one 0% balance transfer card to another, you might be caught in a cycle of delaying repayment rather than tackling the debt. The transfer fee could add up each time, and if a future application is denied, you could be left with high-interest debt.
Instead of viewing a balance transfer as a temporary fix, use it as a structured opportunity to eliminate your debt once and for all.
Ask our credit card experts
What do people need to be aware of when they get a balance transfer?
Balance transfers can seem like a great way to manage debt, but Singaporeans need to be careful. Always do the math on that transfer fee – is it really worth it? Think long-term. If you're paying less interest, it's a smart move. But you need a solid plan. A lot of folks get into trouble because they don't change their spending habits. You need to curb those habits, build an emergency fund, and maybe switch to using your NETS card or cash to really see that debt go down. Remember, a late payment can be really costly – you could lose that 0% interest period and end up paying way more than you started with.
Mellissa Tan
Staff Writer
What do people need to be aware of when they get a balance transfer?
Here's the thing about balance transfers in Singapore: they're tools, not magic wands. You can save on interest, but you've got to be hands-on with your debt. I see a lot of people surprised when they don't get the credit limit they expected. Imagine you've got SGD 20,000 in debt, and you only get approved for SGD 3,000. It happens. So, be realistic. Have a repayment plan, and stick to it. Don't just rely on the low interest. Treat it like a marathon, and you have to finish it.
Kumar
Editor
What do people need to be aware of when they get a balance transfer?
I've used balance transfer credit cards myself, and they can be really effective. Even if you can't transfer all your debt, start small. Take it 'brick by brick,' as we say. You've got to be smart about it, though. Don't just transfer the debt and keep spending. That's a recipe for disaster. You need to change your habits, and really focus on paying it down.
Jonathan Goh
Content Director
What do people need to be aware of when they get a balance transfer?
Balance transfer credit cards can be a valuable tool for managing debt when paired with a realistic repayment strategy. Singaporeans must be mindful of potential pitfalls like late payment penalties that can negate any initial benefits. If you’re not disciplined, you could fall back into the cycle or end up worse than when you started.
Carrie Wong
Staff Writer
Frequently asked questions about balance transfers
A balance transfer enables you to move your existing credit card debt or personal loan balances to a new credit card, often with a lower or even 0% interest rate for a limited period. Think of it as shifting your debt to a more cost-effective option, giving you a window to pay it off without accumulating high interest.
When selecting a balance transfer credit card in Singapore, there are significant factors you need to consider. These include the promotional interest rate, duration of the low-rate period, any associated transfer fees, the standard interest rate after the promotional phase, and the credit limit offered. Some cards may also provide perks like rewards or cashback, which could add extra value.
Most balance transfer credit cards will require applicants to have a strong credit history. Typically, having a high credit score increases your chances of approval, but banks assess multiple factors beyond just your credit score. Even those with an excellent rating can be denied, while some individuals with slightly lower scores may still qualify.
In Singapore, applying for a balance transfer is usually a straightforward process. Upon approval, your new credit card provider pays off your outstanding balances, consolidating them onto a single card—often with a reduced interest rate for a set promotional period.
It's important to act within the promotional window, which commonly lasts between 3 to 12 months. If you don't clear your balance before the offer expires, the standard interest rate applies, which can significantly increase your repayment burden.
It's important to note that a balance transfer alone won't have much of an effect on your credit score, as it doesn't eliminate your debt—it just shifts it to a different card. However, applying for a new balance transfer card could cause a temporary dip in your score due to the credit inquiry.
What really influences your credit standing is how you manage the transferred balance. If you use the interest-free period to pay down your debt substantially, your credit score could improve, as the amount you owe plays a key role in credit scoring models.
If you can repay your credit card debt within a month or two, a balance transfer might not be worth it. The transfer fee could outweigh any interest savings. However, if clearing your debt will take several months, the reduced interest rate can make a big difference in lowering your repayment costs.
The key is to use a balance transfer strategically. If you plan to make only the minimum payments without actively reducing your debt, you may find yourself in the same situation once the 0% period ends—only with added fees and higher interest.
Banks assess risk carefully before approving a balance transfer request, as they are essentially taking on your existing debt. Generally, applicants with credit scores low credit scores may find it harder to qualify. Each bank has its own approval criteria, so there isn’t a one-size-fits-all "easiest" balance transfer card. Your chances of approval will depend on your creditworthiness and the bank’s internal policies.