Featured 0% Balance Transfer Credit Card Offers

by Ryan Guina

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balance transfer credit cards Would you believe me if I told you one of the easiest ways to eliminate your credit card debt is to open a new credit card account? It sounds a little crazy, but it’s true! Some credit card companies offer a special incentive called a 0% balance transfer offer. This allows new credit card holders to transfer their current credit card balance to their new account at a 0% interest rate for a set period of time (usually around 15-21 months).

Transferring your balance eliminates your current interest rate and can save you hundreds, or even thousands of dollars in interest payments over the duration of the zero percent balance transfer offer. But there is a catch – you must stop using your old credit card and commit to paying off your balance. Do this, and you can cut months off your journey to eliminating your credit card debt.

Let’s take a look at some of the balance transfer credit card options available on the market, who should apply for a balance transfer credit card,  how to choose the best card for your needs, some pitfalls to avoid and how to maximize your value from your new card.

Featured 0% Balance Transfer Credit Cards

The following list represents some of the best consumer offers for transferring your credit card balance to a 0 percent credit card. You can click on each respective card or the link for more details. We have the Citibank card rated number 1, since they offer the longest balance transfer offer in the industry, by far.

However, there is one card that currently offers a 15 month balance transfer card without a transfer fee. If you need the longer time to pay off your debt, then the Citi card is a great opportunity. If you can pay off your debt within 15 months, then the other card may be a better offer for you. All of these cards are solid options, and have no annual fees. Be sure to click through and visit the credit card issuer’s site for more details and current terms and conditions.

Great For: No Late Fees, No Penalty Rate

Annual Fee: None

  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER.
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The same great rate for all balances, after the introductory period.
  • Save time when you call with fast, personal help, 24 hours a day – just say “representative”
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month.

Great For: Balance Transfers, Rewards

Annual Fee: None

  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
  • Free access to FICO® Scores*

Great For: Cash Rewards

Annual Fee: No Annual Fee

Credit Needed: Excellent/Good

  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*

Great For: 0% Intro APR* on purchases and balance transfers

Annual Fee: No annual fee*

  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 10.24%-21.24%*
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • Zero fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help keep your account safe
  • Chip technology for enhanced card security
  • Online banking and mobile apps* for your smartphone or tablet provide complete, 24/7 access to your account

Great For: Travel, Rewards, Balance Transfers

Annual Fee: No annual fee*

  • 0% Intro APR on Purchases and Balance Transfers for 15 months. After that, the variable APR will be 13.24%-23.24% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.*
  • 2 ThankYou Points per dollar spent on dining at restaurants and entertainment
  • 1 ThankYou Point on other purchases
  • Points do not expire and earn unlimited Thank You Points
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee*
Credit Needed: Varies by Issuer

Great For: Balance Transfer, 0% Intro APR, Rewards

  • American Express
  • Barclaycard
  • Bank of America
  • Capital One
  • Chase
  • Citibank
  • Discover
  • US Bank
  • and more...

Who Should Apply for Zero Percent Balance Transfer Credit Card Offers?

You should only apply for a 0% balance transfer credit card offer if you are a responsible credit card user – meaning you pay your credit card bills on time. Remember, the 0% interest rate isn’t an excuse to stop making payments – you still have to continue making at least the minimum payment or your rates will increase (but you should pay more than the minimums if possible). You should use this as an opportunity to consolidate your credit card debt and eliminate it more quickly.

In addition, you should commit to adding no new credit card debt. The only way to get out of debt is to stop adding new debt, and to start aggressively paying off your current loans.

Evaluating 0% Credit Card Offers

As we mentioned above, these balance transfer offers can save you hundreds, or even thousands of dollars in interest payments over the life of the offer, and significantly reduce the amount of time it takes to repay your loans. However, not all offers are created equal, as you will see below. You will want to evaluate each card individually and make sure you understand the credit card offer before applying for a balance transfer card. Some important factors to consider include:

  • Duration of balance transfer offer. Most cards offer 15-21 months at 0% interest.
  • Balance transfer fees. Most fees range from 0% – 3%, or a fixed price, such as $75. There is usually a minimum fee as well.
  • Interest rate. This only matters if you can’t pay off your balance before the introductory period ends, but it is something to keep in mind.
  • Rewards and cash back. Depending on your needs, you may want to consider credit cards with sign up bonuses, rewards bonuses, cash back credit cards, points cards, or special features, such as travel rewards credit cards or gas rebates. Rewards and cash back shouldn’t be the prime consideration for your selection, because the focus should be on paying off the balance. But this can be a factor if you want to use the credit card for new purchases after you pay off the debt.

Compare all features before applying. A longer balance transfer duration doesn’t automatically make it the best card. You should first evaluate how much debt you have, the interest rate, how much it will cost for you to transfer your balance, how much you will save with a particular card (including balance transfer fees), and an estimate of how much you will save over the duration of the balance transfer offer. Then consider additional benefits of the card, such as cash back, sign up bonuses, rewards programs, etc. As you can see, most of these cards offer some form of cash back or rewards, which makes them a nice option to use after you pay off your balance transfer.

Understanding the Transfer Offer Details

Balance transfer credit cards can save you a lot of money. But you need to make sure you play by their rules if you are going to use them. These tips will help you save money on 0% balance transfer credit card offers:

  • Watch out for fees. Many 0% balance transfer credit cards charge customers a fee to transfer a balance to their new card, usually around 0-3% of the balance, or up to a fixed amount, usually around $50-$75. But many people save more on their first month’s interest than the transfer fee, so you may come out ahead very quickly.
  • Understand the terms of the balance transfer. Know when the dates start and stop, how much you can transfer, when the transfers have to be initiated and completed to be valid, etc.
  • Always make on time payments. Even one late payment can increase your interest rates to over 20%.
  • Don’t make new charges on that card. Payments only go toward the 0% interest rate and you new charges will accrue interest until the remainder of your balance is paid off (this can cost you a lot of money!).
  • Set up automatic payments for your bills to prevent missing payments.
  • Wait until approved before transferring money. Don’t transfer money to your new credit card until you get approved for a balance transfer and understand the terms.
  • Pay attention to balance transfer limits. Don’t transfer more money than your limits allow.

Final note: if you don’t have the discipline to manage your credit cards, then please stay away. This is a great tool , but it’s not a silver bullet for eliminating credit card debt!

Maximizing the Value from Your New Card

Congratulations – you now have an incredible opportunity to get out of debt more quickly. Take advantage of it, because the intro period will end before you know it!

To get the best bang for your buck, you should consider moving as much high-interest credit card debt to your new card as you can. Many card issuers will allow you to transfer balances from more than one card as long as you don’t exceed your available credit limit. If you have multiple credit card balances, try to transfer as much of those as you can to your new card, starting with the highest interest debt first. This ensures you reduce your interest rates and payments as much as possible.

Commit to getting out of debt.  Once you get your balances transferred to your new card, you need to cut up your old cards and stop using them. Don’t cancel them, however, because that can negatively affect your credit score. Just put them somewhere safe, and no longer use them.

Keep your payments the same, or increase them. Whatever you do, try to pay more than the minimum payment each month, or you will be stuck in debt for a long time. Review your previous credit card statements and look at the payments you were making on your previous cards. Try to continue making at least that payment, even if your new minimum payment is lower. And increase that payment if at all possible.

Why is this so important? Because the clock is ticking. You only have a limited amount of time with no interest running on your outstanding balance, so you want to eliminate as much of your debt as possible while you aren’t paying interest.

A balance transfer credit card won’t magically eliminate your credit card debt. But when used properly it can significantly reduce the amount of time it takes you to get out of debt, and it will save you a ton of money in the process.

Advertising Disclosure: This page contains advertisements. This page does not include all available credit card offers from all advertisers (that would be literally hundreds, if not thousands of credit cards). This credit card review was not reviewed by, endorsed, paid for, or approved by Citi or any other credit card issuer. All opinions, reviews, and recommendations reflect the author’s honest opinions, beliefs, and experiences. We receive compensation from our advertisers. Compensation impacts how and where products appear on this site (including for example, the order in which they appear). Back to Top.

Published or updated April 8, 2016.
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{ 29 comments… read them below or add one }

1 john

you need to show the card(s) with a cap on transfer fees


2 Ryan

Caps on balance transfer fees are becoming very rare nowadays.


3 Joel

The Discover More card is a great card of balance transfers. Of course, balance transfer card offers can change often so always be sure to read the fine print before applying.


4 Norma Jones

i am interested in zero percent financing


5 ph

If I already used citi and discover’s 0% offer, can I still apply for another 0% balance transfer with one of them? are there other cards available?


6 Ryan

Hello ph, yes, you can apply with other cards and may get approved as long as your credit score supports adding another line of credit. This varies from person to person, so I can’t tell you if you will be approved or not. You can also check out the Chase Freedom(SM) rewards credit card, which has great benefits and a $50 bonus on the first purchase.


7 Michael Price

A while back American Express Clear offered 3.9% balance transfer for the life of the trasfered balance. This was perfect for me to pay off my 10k plus in other credit card debt. The only downside I’ve seen is that they will not allow you any additional balance transfer options on any of their cards until you pay off the current loan. Unfortunately I didn’t learn the first time and need a new balance transfer option for a Chase Visa that has jumped from 17.99 percent to 39.9 percent in the last 12 months and there are very few companies these days making any comparable offers. Those that are look very carefully at your history and often times closing accounts with an existing balance like I’ve had to do looks horrible. It took my credit score from a 720 down to a 600 flat. To add insult to injury many companies are lowering credit limits to match your current balance just to keep themselves protected. This also looks bad as it appears you’ve extended or at least closed in on your max credit limit for all cards. A double whammy if you will. Not sure the answer but I hope with this legislation new oversight all americans will begin to tell these companies where to go and begin to operate on cash only. THats the only thing we can truely do to begin to hurt these companies who pray off the consumer.


8 Gerald

Hi Michael, very interesting story. Could you do a story for people in Canada, as I can’t apply for US credit cards mentioned in your story.
TIA (thanks in advance).


9 Ryan

Gerald, I don’t know much about the credit card companies or offers in Canada. I recommend reading some of the Canadian personal finance blogs out there, such as Million Dollar Journey, Canadian Money Advisor, Canadian Capitalist, or visiting the Canadian Money Forum for more information about Canadian credit card offers.


10 Scott

Be careful with these balance transfer cards – if you make new purchases on your card then you will be paying 0% interest on your previous balance while the juice is running on your new charges. You will continue to accrue interest on the higher interest rate while all of your payments are going to your old balances at 0%. If you get one of these 5% balance transfer cards then be sure not to use it again until you pay off the balance.


11 Phil

Scott, that was true under the old credit card rules, but the Credit CARD ACT created a new law that makes credit card payments pay off the higher balances first. But it’s still a good idea to avoid using your new credit card until you pay off the balance. And even then you should only use it if you can pay off the balance in full. You should only use these balance transfer credit cards as a tool – you shouldn’t use them as an excuse to rack up more high interest credit card debt.


12 Alan

I have several cards with balances. One is at 15.99% and two are at 19.99 and 21.99%. can you transfer the balances from more than one card? I have over $15000 in credit card balances and want to start over at 0% credit card interest with a new credit card. Please help with information.


13 Ben

Hi Alan,

The answer to your question is yes, you can transfer from more than 1 card. If you get the 0% interest Citi card, they give you the option of sending checks to your other credit cards. You just have to watch your credit limit. For us, we have a $25k credit limit with Citi, which Citi is probably the easiest credit card to ask for increases on your limits. Ive never been turned down, every 6 months I ask for an increase and have always gotten it.

Be sure to watch out for the transaction fees. I think its 3%, but that’s normal on every card. I haven’t seen a credit card transfer option that didn’t have at least 3% fee attached to it. You also need pretty good credit to get these 0% balance transfer options. If you have decent credit you could probably get at least 6 months or 12 months no interest. The better your credit score the better the deals they will give you.

I’d also watch out and not max my limits on any of my cards. Any balance over 30% of the total credit limit will cause your credit score to drop some. The higher the balance the more it will affect your score. (ie. – you have a $10k credit limit, anything over $3k charged on that card will start to affect your score).


14 Ben

We just took advantage of the Citi deal of 21 months no interest! That’s the best deal on the market right now. It’s helping us to pay down our debts while not paying interest on them. Back with the credit card crunch, they raised our interest rate to 29.99% even though we have 760+ credit scores. So be careful if you use their cards, watch out for their interest rates.


15 Anna

I need to find a card with a higher transfer amount. I need to transfer 9000.o0 do you know any card like that with a longer period say 21 months. It is a Chase card that I need to transfer.


16 Ryan

Anna, there is a 21 month balance transfer card from Citi. You can transfer a credit card balance from a different company – in fact, one of the primary reasons the credit card companies offer these deals is to attract new customers. And if they come from competitors, then all the better in the eyes of the gaining company. So far as I know, the 21 month offer from Citi is currently the longest on the market out of the major card issuers.


17 eharrast

I saw one card – I think from Citi – which was “0” % interest on transfers for 18 months with the 3% transfer fee, but it had no late fees or penalties. I have never had a late pay or a penalty, but I feel uncomfortable enuf to give up 21 months for 18 months if there is no chance one of my checks will arrive late or a statement fails to arrive and results in a late payment and causes my interest rate to go from 0% to 12-20% for the remaining balance. Am I understanding this benefit correctly?


18 lola

just received a credit card with a 5.99% FIXED until balance paid off from First National bank of Omaha. suzie orman says THERE ARE NO FIXED FOR LIFE OF BALANCE cards – it’s a marketing ploy. is she right?


19 Ryan Guina

The card you mention says fixed for the life of the balance, so that probably only applies to the balance you transfer over, not new purchases. I recommend reading the fine print, but FNBO is a reputable bank, so it is quite possible the card is as advertised.


20 Tim


I have six credit cards and about 15k on them. My credit rating was 725, but is now below 700. Real estate business is slow. What options do I have?

I got a call from a credit card processing center stating the could do a balance transfer with a 3.9 fixed rate that also would be applied to my existing credit cards.

Any thoughts?



21 Ryan Guina

Tim, I don’t trust non-solicited phone calls pitching financial products or services. You can find anything they are offering at your bank or somewhere else online, and you have the benefit of being able to research the product or service and read the fine print.

Transferring your balances seems like a good idea because it can save you a lot of money each month on interest rates, and it consolidates your payments, which will reduce the number of payments you make each month, and it should also lower the total payment since your won’t be paying as much interest each month. The caveat is that you need to commit to no longer using those credit cards if you can help it.

As far as a fixed rate 3.9% interest rate, that is fairly good if your current credit cards all have a balance at a higher interest rate. But I would first try to get a 0% interest rate if possible. It will save you a lot more money in the long run.

I also recommend looking into the transfer fee. Some banks charge a flat rate, such as 3% of the balance to transfer it over, while other credit card issuers may not charge a balance transfer fee. (There are several of each in this article). It’s important to consider any fees to make sure you are comparing similar products and total savings.


22 Jane

Great information! I have excellent credit (850) and should easily qualify for any of these cards. In the past, zero balance transfer accounts have been happy to make a deposit into my personal checking account so I could make the payoff to the other account myself. Recently, though, a friend told me that her latest offer would not allow her to have the deposit made to personal checking and would only allow for a direct balance transfer. Her FICO is fair, though, and I’m wondering if it’s the reason for that limitation. How can I discern which cards will allow a deposit to personal checking?


23 Tom

I use a credit card from citi cards. They offered zero percent balance transfer, which I utilized. However, they are charging me 50 cents “minimal charge” because I have a recurring charge that I pay off in FULL even before the grace period ends on that particular recurring charge. They tell me that the reason for that is because of the balance on the account from the 0% balance transfer? How is that legal?


24 T

I really want to transfer my multiple credit cards to one low % or 0% for a certain given time, but here is my concern. If you have less than perfect credit, say 600, and you inquire for a card which doesnt accept you, then apply for a different one, etc… each time a company inquires on your credit it leaves a negative mark. How can you avoid this? Also, if you do find a co,pamy that accepts you and you transfer your balances, what should be done about the old cards? If canceling gives you negative marks?


25 Dave

Do I have to close the card that I transfer from or can I simply transfer a large majority of the balance and keep both cards? I’ve had my existing card for many years and I know that looks good on my credit rating (which is excellent). Thanks for your help on this.


26 Ryan Guina

Great question, Dave. No, you do not have to cancel your old card, so this shouldn’t hurt your credit score in that regard. If you are transferring a balance, you may as well transfer all of it if you can. That way you get the lower interest rate. You can still leave your old card open without a balance on it. If you are concerned about the old card going dormant, just put a small charge on it each month and pay it in full, and the card will remain active. You can do this with a small recurring payment, or by remembering to use it for lunch or something like that.


27 TF

Which Chase card is the one you said had zero fees for transferring a balance to?



28 Ryan Guina

Look for the Chase Slate card, which currently has a nice offer.


29 sarah

April 2014 I canceled my Citi Simplicity card that I had for over a year. Can I apply for it again now and get the 0% introductory APR again? I prefer the Citi Simplicity card over other 0% cards because of no late fees and the 0% offer is for 21 months.


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