10 Best Balance Transfer Credit Cards With 0% Intro APR


It’s that time of the year. The holidays are here and the bills haven’t started coming in yet. But they will. Here are the best balance transfer credit cards.

Did you go a little overboard and spend more than you planned on holiday gifts?

Had a month, two, three, of 12 where Murphy’s Law took control: the car broke down, dental emergency, etc.

Planning several big purchases like a remodel or college tuition?

Need a little breathing room from credit card debt?

Looking for a 0% interest card?

A balance transfer card might be for you.

I’ve written about the best travel rewards credit cards, the best card for travel hacking, the best travel rewards cards that earn points and cash with a welcome bonus, and how to travel for free with travel rewards cards.

This post was originally published on January 6, 2020, and was updated on December 13, 2020.

10 Best Balance Transfer Credit Cards With 0% Intro APR

Sometimes we all need a little help. Travel can be expensive especially if you charge everything to your credit card. That’s where a balance transfer credit card comes in.

Balance transfer credit cards let you move debt from one card to another card.

Transferring your balance from one credit card to another credit card can save a lot of money.

With 0% balance transfer credit cards you don’t have to pay interest on the transferred balance.

Each card has specific terms of how long you can avoid interest payments. The most common offers are 12 months, 15 months, 18 months, and 21 months.

Some people use balance transfer cards as a way to consolidate debt. Because when combined with budgeting you can get out of debt faster.

These are the 10 best balance transfer credit cards with 0% intro APR almost all have no annual fee.

Almost all of these cards offer a welcome bonus and a few let you earn points so you can travel for free.

Note: As of June 2020, some cards have temporarily stopped offering 0% APR on balance transfers.

U.S. Bank Platinum Visa

The U.S. Bank Platinum Visa card is the best balance transfer credit cards with 0% intro APR on purchases and balance transfers for 20 months.

You won’t pay interest on your purchases or transferred balances for 20 months. That’s almost two years interest-free!

Pro-tip: This could be a good option if you need some breathing room from debt and to get your finances back on track.

There’s no annual fee on the U.S. Platinum Visa Card.

You get up to $600 in cellphone coverage for damage and theft when you use your card to pay your phone bill.

There’s a $5 or 3% balance transfer fee, whichever is greater.

U.S. Bank Altitude Go

The U.S. Bank Altitude Go card is the best balance transfer credit cards with 0% intro APR on purchases and balance transfers for 12 months.

For the first 12 months, you don’t pay interest on your transferred balance. It’s a one-year interest-free loan.

The no annual fee U.S. Bank Altitude Go Card offers 25,000 points when you spend $1,000 on purchases in the first 3 months of having your card.

Points can be used for $250 cash back!

You earn 4x points at restaurants including takeout and delivery, 2X points at grocery stores including delivery, gas stations, and streaming services; 1x point on everything else.

There’s a $5 or 3% balance transfer fee, whichever is greater.

Chase Freedom Unlimited

The Chase Freedom Unlimited is the best balance transfer credit card with 0% intro APR on purchases for 15 months. As of June 2020, this card has temporarily stopped offering 0% APR on balance transfers.

The Chase Freedom Unlimited offers a $200 bonus when you spend $500 on purchases in the first 3 months of opening your card.

Combine the welcome offer with 0% intro APR on new purchases for your first 15 months and it’s like spending $500 but only paying $350.

You earn 5% cash back at grocery stores (up to $12k) your first 12 months and an unlimited 1.5% cash back on everything. So you can your cash back towards paying off your balance.

Or transfer points to cards like the Chase Sapphire Preferred or Ink Business Cash and use for free flights and hotel rooms.

Because there’s no annual fee, this is a great card to keep to help build your credit and credit score.

There’s a $5 or 5% balance transfer fee, whichever is great.

Pro-tip: During your first 60 days, the intro balance transfer fee is 5% or $5 whichever is greater.

Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card is one of the best balance transfer credit cards with 0% intro APR on purchases for 15 months. As of July 2020, this card has temporarily stopped offering 0% APR on balance transfers.

You don’t pay interest on your transferred balance for the first 15 months. This means you can pay down your debt faster.

The Capital One Quicksilver Cash Rewards Credit Card has a one-time bonus of $150 when you spend $500 on purchases in the first 3 months of opening your card.

You earn 3% unlimited cash back on dining and entertainment, 2% cash back at grocery stores, and 1% on everything else.

There’s no annual fee so this is a great card to keep.

There’s a 3% balance transfer fee.

Chase Freedom

The Chase Freedom is one of the best balance transfer credit cards because it offers 0% intro APR on purchases for 15 months. As of June 2020, this card has temporarily stopped offering 0% APR on balance transfers.

This means you get a 15-month interest-free loan on your transferred balance and new purchases.

You can earn a $150 bonus from the Chase Freedom after spending $500 on purchases in the first 3 months of opening your card.

All purchases earn an unlimited 1% cash back.

Every quarter you can earn 5% cash back (up to $1,500) on certain bonus categories.

You can transfer points to cards like the Chase Sapphire Preferred or Ink Business Cash for free airplane tickets and hotel stays.

The Chase Freedom is a great card to maintain good credit because there’s no annual fee.

There’s a $5 or 5% balance transfer fee, whichever is greater.

Pro-tip: During your first 60 days, the intro balance transfer fee is 3% or $5 minimum.

ABOC Platinum Rewards Credit Card

The ABOC Platinum Rewards Credit Card is the best balance transfer credit card with 0% intro APR on new purchases for 12 months.

You can earn a $150 statement credit after spending $1,200 on purchases in the first 90 days of opening your ABOC Platinum Rewards credit card.

This no annual fee card offers 5X rewards points (up to $1,500) every quarter on categories like travel, groceries, dining, and automotive.

Balance transfer fee is 3% with a minimum of $5.

Blue Cash Preferred Card from American Express

The Blue Cash Preferred Card from American Express is one of the best balance transfer credit cards with 0% intro APR for 12 months and offers up to 6% cash back.

You can earn a statement credit of $300 and no annual fee (the first year only) after spending $3,000 on purchases in the first 3 months of opening your account. This offer expires on December 10, 2020.

This card offers 6% cash back on select streaming subscriptions. So you won’t feel guilty about being a couch potato and catching up on your shows.

You earn 3% cash back on rideshares, taxis, trains, buses, parking, tolls, and more. This is great is you live in a city like New York with great public transportation.

At US supermarkets you get 6% cash back up to $6,000 a calendar year, then it goes to 1%.

On purchases at US gas stations, you earn 3% gas back and 1% on everything else.

The only bummer about this card is the $95 annual fee. But you can easily earn enough cash back to make it worth paying.

Balance transfer fee is 3% or $5, whichever is greater.

Citi Double Cash Card

The Citi Double Cash Card is the best balance transfer credit card with 0% intro APR on balance transfers for 18 months.

If you want 18 months of interest-free payments, consider getting the Citi Double Cash card.

This card offers no annual fee and 1% unlimited cash back on all purchases plus an extra 1% cash back when you make your minimum payments.

There’s a 3% balance transfer fee with a $5 minimum.

Blue Cash Everyday Card from American Express

The Blue Cash Everyday Card from American Express is one of the best balance transfer credit cards with 0% intro APR on purchases for 15 months. As of July 2020, this card has temporarily stopped offering 0% APR on balance transfers.

You can earn a statement credit of $100 after spending $1,000 on purchases in the first 3 months of opening your account.

This no annual fee card offers 3% cash back at US supermarkets, up to $6,000 a calendar year, then it goes to 1%.

On purchases at US gas stations, you earn 2% gas back and 1% on everything else.

The Balance transfer fee is 3% or $5, whichever is greater.

Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Cash Rewards Credit Card is one of the top 10 best balance transfer credit cards with 0% intro APR on purchases for 15 months. As of June 2020, this card has temporarily stopped offering 0% APR on balance transfers.

The Capital One Savor Cash Rewards Credit Card has a one-time bonus of $200 after you spend $500 on purchases in the first 3 months of opening your card.

All purchases earn unlimited 3% cash back on entertainment and restaurants, 2% at grocery stores, and 1% on everything else.  You pay 0% intro APR on new purchases for the first 15 months.

You’ll want to keep this card because there’s no annual fee.

There’s a 3% balance transfer fee.

How 0% APR Balance Transfer Credit Cards Work

A credit card with a 0% interest on balance transfers means interest is not charged on transferred debt.

If a credit card offers 0% APR on balance transfers for 15 months you aren’t charged interest for 15 months on that transferred balance.

Using a balance transfer card doesn’t mean you don’t have to make your payments. You still have to make payments on your debt but aren’t charged interest.

Think of it as an interest-free loan.

Let’s say you have a $10,000 balance on your credit card with a 27.29% interest rate. Your minimum monthly payment is at least $228 which only covers the interest and not your debt.

It will take you 22.2 years to pay off your balance! And you’ll have paid $50,523.48 in interest!

You can transfer your debt to a 0% balance transfer card like the Chase Freedom Unlimited which offers 0% intro APR interest on balance transfers for 15 months.

All your payments will go toward paying off your debt.

By the end of 15 months, you’ll only owe $6,580 on your transferred balance.

If you’re able to pay extra each month, you can reduce your debt faster.

Pro-tip: You can transfer this balance to another 0% balance transfer card. Repeat until you pay off your debt.

This works best if you aren’t adding extra debt to your existing debt.

Be sure to pay your bill on time or early. With some 0% offers, if you pay your bill late, it cancels your 0% rate. 🙁

The best way to use balance transfer cards is to pay down your debt.

Conclusion

Balance transfer credit cards can save you money and help you get out of debt faster. These are the best balance transfer credit cards with 0% intro APR:

Whether you want to save money on interest to pay off your balances sooner, need a little breathing room from high interest rates, or have upcoming large purchases, balance transfer cards can help. You can move your debt from your other cards to balance transfer credit cards with 0% intro APR.

Which are your favorite balance transfer cards?
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Traveling Well For Less has partnered with CardRatings for our coverage of credit card products. Traveling Well For Less and CardRatings may receive a commission from card issuers.


Chase Sapphire Preferred

The Chase Sapphire Preferred is the best card for beginning travel hackers. It is the first card you should get to start traveling for free because the welcome offer is 60,000 points (after spending $4,000 in the first three months).

 

My favorite perks about this card are earning 2X points on travel and dining, no foreign transaction fees, and transferring points to 13 airline and hotel partners like Hyatt, United, and Southwest.

 



Chase Freedom Unlimited

The Chase Freedom Unlimited is one of my favorite cards for earning cash back card and travel rewards. It offers a welcome offer of $200 (after spending $500 in the first three months).

 

My favorite perks about this card are earning 5% cash back at grocery stores the first 12 months (up to $12k), unlimited 1.5% cash back on all purchases and no annual fee. When paired with cards like the Chase Sapphire Reserve, you can use your points to travel for free.

 


About Debra Schroeder

Debra is a former 12-year travel industry executive and has traveled the world using airline miles and credit card points since 1994. She’ll teach you the secrets of traveling well for less.

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