Best Cards for Balance Transfers and 0% APR Offers

Even if you start out with a low APR on a credit card, it can grow out of control very quickly. For instance, if you end up carrying your balance from month to month and then only make your minimum monthly payment, it might begin to seem difficult to put a dent into your balance. Not to mention if you accidentally miss a payment or pay late. The penalty APR can be more than 20% and can make you feel as though paying off your debt is an impossible feat.

However, if you have a good to excellent credit score, there is hope for paying down your balance and saving hundreds of dollars in the meantime. If you transfer your balance to a card with a 0% introductory balance transfer APR, you can pay down the balance within a specific amount of time, without paying interest. Balance transfer offers last typically, at least, six months, but depending on the card and the offer, can last two or more years. This is a significant amount of time to pay down your balance without paying any interest. If you’re considering eliminating your credit card debt, these are the cards offering the best balance transfer offers.

Best 0% APR Balance Transfer Cards

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at issuer’s secured site
fair credit
intro purchase APR 0% for 15 monthsregular APR12.99 - 22.99% (V)
intro BT APR 0% for 15 months, 0% BT fee 60 days 3% BT fee $5 min

no annual fee

0% intro APR on purchases and balance transfers

0% BT fee for 60 days

free FICO score

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The Chase Slate is also known as one of the best balance transfer cards without a balance transfer fee. This card has no annual fee and a 0% introductory APR for purchases and balance transfers for 15 billing cycles. Afterward, a variable APR of 13.24% - 23.24% will apply. There is also no balance transfer fee if you transfer your balance within the first 60 days of opening the account. After that, the balance transfer fee is 5% or $5, whichever is greater. There is no annual fee for the Chase Slate card.

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at issuer’s secured site
fair credit
intro purchase APR 0% for 14 monthsregular APR10.99 - 22.99% (V)
intro BT APR 0% for 14 months 3% BT fee
rewards 1 or 5% 
  • earn 5% on quarterly changing category up to $1,000 quarterly maximum in purchases
  • 1% on all other purchases

 

no annual fee

5% cash back on selected quarterly category

high limits

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The Discover it card offers an 18-month introductory APR of 0% on balance transfers and six months on purchases. Then the APR will be 11.24% - 23.24%. The balance transfer fee is 3% of the transfer. You can earn 5% cash back in quarterly rotating categories and 1% cash back on all other purchases. As a new cardholder, Discover will also match all the cash back you earn in your first year, at the end of the year. However, there is no annual fee, no penalty APR, no overlimit fee, and no foreign transaction fee for this card.

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at issuer’s secured site
excellent
intro purchase APR 0% for 21 monthsregular APR12.99 - 22.99% (V)
intro BT APR 0% for 21 months 3% BT fee $5 min

no annual fee

0% APR for 21 months for BT and purchases

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There are no extra rewards or bonuses with the Citi Simplicity card, but it offers one of the longest 0% introductory APRs available at 21 months for both purchases and balance transfers. The balance transfer fee is 3% or $5, whichever is greater. After the introductory period, the APR will be 13.24% - 23.24%, depending on your creditworthiness.

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at issuer’s secured site
excellent
good credit
intro purchase APR no intro offerregular APR16.24%, 20.24% or 24.24% Variable
intro BT APR 0% for 12 months 3% BT fee $5 min
rewards 2x miles on travel and dining, 1x miles on all other purchases, 20,000 sign up bonus

Earn 20,000 bonus miles after you spend $1,000 on purchases in the first 90 days — that's enough to redeem for a $200 travel statement credit

Earn 2X miles on travel & dining and 1X miles on all other purchases

Get 5% miles back to use toward your next redemption, every time you redeem

Chip card technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad

No foreign transaction fees on anything you buy while in another country

0% introductory APR for 12 months for each Balance Transfer made within 45 days of account opening. After that, a variable APR will apply, currently 16.24%, 20.24% or 24.24%, depending on your creditworthiness

Complimentary online FICO® Credit Score access for Barclaycard Arrival cardmembers

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The Barclaycard Arrival World MasterCard is one of the best balance transfer cards for travelers. You get 0% intro APR on balance transfers made in the first 45 days for 12 billing cycles. After that, the APR is 16.24% - 24.24%. New cardholders can earn a bonus of 20,000 miles if you spend $1,000 in purchases in your first 90 days, which are worth $200 in travel. You can also earn 2x miles for each dollar you spend on travel and dining and 1x mile for each dollar spent everywhere else. The balance transfer fee is 3% or $5, whichever is greater. There is no annual fee or foreign transaction fee.

Best No Balance Transfer Fee Cards

In addition to saving on interest with a balance transfer, you could avoid paying a balance transfer fee. This fee is often, at least, 3% of the balance, and sometimes as much as 10%. Depending on the size of the balance you are transferring, the balance transfer fee can cost you thousands of dollars. Unfortunately, credit cards often offer one or the either. It is rare to find a card that offers a 0% introductory APR as well as no balance transfer fee. However, there are a few different options. If you need to transfer a but you don’t want to pay a balance transfer fee, these are the cards you should consider.

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at issuer’s secured site
fair credit
no credit
intro purchase APR 0% for 9 monthsregular APR23.24 - 23.24% (V)
intro BT APR 0% for 9 months no BT fee
rewards 1.5% on all purchases 

earn 1.5% on all purchases with no cap and limitations

$39 annual fee

good for average credit\limited credit

1.5% cash back

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The Capital One QuicksilverOne offers both. You get a 0% intro APR on balance transfers and purchases for nine months. After that, the APR will be 23.24%. You can also earn 1.5% cash back on all your purchases. The annual fee is $39. There is no balance transfer fee or foreign transaction fee for this card.

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at issuer’s secured site
fair credit
intro purchase APR 0% for 15 monthsregular APR12.99 - 22.99% (V)
intro BT APR 0% for 15 months, 0% BT fee 60 days 3% BT fee $5 min

no annual fee

0% intro APR on purchases and balance transfers

0% BT fee for 60 days

free FICO score

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The Chase Slate credit card is not only one of the best 0% intro balance transfer APR cards, but it is also one of the best balance transfer cards without a balance transfer fee. If you transfer your balance within the first 60 days as a cardmember, you won’t pay a balance transfer fee. After that, however, the balance transfer fee is 5% or $5, whichever is greater. There 0% introductory APR on purchases and balance transfers is for 15 billing cycles. After that, a variable APR of 13.24% - 23.24% will apply.

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at issuer’s secured site
excellent
intro purchase APR no intro offerregular APR8.25% Variable
intro BT APR 8.25% no BT fee

No Balance Transfer Fees - start saving immediately!

A low variable APR on balance transfers and purchases

No Annual Fee

Choose your card benefits and features

Get rewarded through the new Giveback™ program, where Barclaycard Ring members get money back for good performance

Get exclusive access to our online community and vote on the card features you like and view the financials of the Barclaycard Ring MasterCard online

Learn more about personal finance from Barclaycard and other members

Complimentary FICO® Credit Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account

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The Barclaycard Ring MasterCard is a little different than many other cards, with community programs and other features like the Giveback program which lets cardmembers receive a small percentage of the company profits or donate to charity. For those who are looking for balance transfer cards, however, it is one of the rare cards with no balance transfer fee. There is no 0% introductory APR, but the APR for purchases and balance transfers is lower than the APR offered by other cards, at 8.25%. There is also no annual fee or foreign transaction fee.

How to Make a Balance Transfer

If you need to transfer a balance, it’s best that you follow these steps:

  1. Find a new card, read all the details, and apply. Make sure that your credit score is in the good to excellent range.
  2. Calculate whether you save more money with a 0% intro APR or no balance transfer fee if you can’t get a card that offers both.
  3. Make sure you can pay your balance in full within the introductory period. Otherwise, your balance transfer can end up costing you more than before the transfer.
  4. Usually, you can include the balance transfer request when you apply. Otherwise, you can wait until you get your card and then call and make the balance transfer.
  5. Balance transfers take 7-14 days. Plan not to use your old card, or you risk running up a balance you can’t handle again.

 



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