Best Zero Interest Balance Transfer Credit Cards: Get Debt-Free Faster

Are you drowning in high-interest credit card debt? You’re not alone. Millions of Americans struggle to make their minimum payments, let alone pay down the principal. Thankfully, there’s a solution: balance transfer credit cards. These cards allow you to transfer your existing balances to a new card with a 0% APR introductory period, giving you the chance to pay off your debt without accruing interest.

But with so many options available, choosing the right card can be overwhelming. This comprehensive guide will walk you through the best zero interest balance transfer credit cards on the market, covering key factors like introductory periods, transfer fees, rewards, and more.

What is a Balance Transfer Credit Card?

A balance transfer credit card allows you to move existing debt from another credit card to a new one. The primary advantage is the potential for a 0% introductory APR, which can significantly reduce your interest costs and help you pay off your debt faster.

Why Choose a Zero Interest Balance Transfer Card?

• Lower Interest Costs: The 0% APR period allows you to focus on paying down your debt principal without accumulating interest charges, saving you significant money.
• Debt Consolidation: Combine multiple high-interest credit cards into one, simplifying your repayment process and making budgeting easier.
• Faster Debt Repayment: With the extra breathing room provided by the 0% APR, you can pay off your debt quicker and become debt-free faster.
• Potential for Rewards: Some balance transfer cards offer bonus rewards or cash back programs, providing additional benefits as you pay down your debt.

How to Choose the Best Zero Interest Balance Transfer Credit Card

Before you dive into the list of top cards, consider these crucial factors to make an informed decision:

• Introductory APR Period: Look for a card with the longest 0% APR period possible, ideally 12-18 months or even longer.
• Balance Transfer Fee: Most cards charge a fee for transferring your balance, typically a percentage of the amount transferred. Compare fees and choose a card with a lower fee or no fee at all.
• Regular APR: After the introductory period ends, the APR will revert to the card’s standard rate. Ensure the regular APR is competitive to avoid high interest charges once the promotional period expires.
• Rewards Program: While not the primary focus for balance transfers, some cards offer rewards programs, such as cash back or travel points. Consider if you’d benefit from additional perks.
• Credit Score Requirements: Balance transfer cards often have higher credit score requirements than traditional cards. Check the eligibility criteria to see if you qualify.
• Other Features: Additional features like travel insurance, purchase protection, or fraud protection can add value to your card.

Best Zero Interest Balance Transfer Credit Cards

1. Citi Simplicity® Card

• Introductory APR: 0% for 21 months on balance transfers
• Balance Transfer Fee: 3% of the balance transferred (minimum $5)
• Regular APR: 16.99% to 26.99% Variable APR
• Other Benefits: No annual fee, credit line increases available

2. Chase Slate Edge®

• Introductory APR: 0% for 15 months on purchases and balance transfers
• Balance Transfer Fee: 5% of the balance transferred (minimum $5)
• Regular APR: 16.99% to 28.99% Variable APR
• Other Benefits: No annual fee, Chase Ultimate Rewards points program

3. Discover it® Balance Transfer

• Introductory APR: 0% for 18 months on balance transfers
• Balance Transfer Fee: None for the first 60 days
• Regular APR: 13.99% to 24.99% Variable APR
• Other Benefits: Cashback Match program, Discover it Miles program

4. Bank of America® Customized Cash Rewards Credit Card

• Introductory APR: 0% for 18 months on balance transfers
• Balance Transfer Fee: 3% of the balance transferred (minimum $5)
• Regular APR: 14.99% to 25.99% Variable APR
• Other Benefits: 3% cash back on your top 3 spending categories, no annual fee

5. U.S. Bank Visa® Platinum Card

• Introductory APR: 0% for 15 months on balance transfers
• Balance Transfer Fee: 3% of the balance transferred (minimum $5)
• Regular APR: 14.99% to 25.99% Variable APR
• Other Benefits: No annual fee, travel and purchase protection

6. Wells Fargo Reflect® Card

• Introductory APR: 0% for 18 months on balance transfers
• Balance Transfer Fee: 3% of the balance transferred (minimum $5)
• Regular APR: 15.99% to 26.99% Variable APR
• Other Benefits: No annual fee, cash back rewards

7. Capital One QuicksilverOne® Cash Rewards Credit Card

• Introductory APR: 0% for 15 months on balance transfers
• Balance Transfer Fee: 5% of the balance transferred (minimum $5)
• Regular APR: 26.99% Variable APR
• Other Benefits: No annual fee, unlimited 1.5% cash back on all purchases

8. Amex EveryDay® Preferred Credit Card

• Introductory APR: 0% for 12 months on balance transfers
• Balance Transfer Fee: 3% of the balance transferred (minimum $5)
• Regular APR: 14.99% to 24.99% Variable APR
• Other Benefits: Membership Rewards points program, travel benefits

9. Blue Cash Preferred® Card from American Express

• Introductory APR: 0% for 12 months on balance transfers
• Balance Transfer Fee: 3% of the balance transferred (minimum $5)
• Regular APR: 16.99% to 25.99% Variable APR
• Other Benefits: Membership Rewards points program, 6% cash back at U.S. supermarkets, 3% cash back at gas stations and select department stores, 1% cash back on other purchases

Tips for Using a Balance Transfer Credit Card

Once you’ve chosen the right balance transfer credit card, here are some tips to make the most of your 0% APR period:

• Transfer your entire balance: Don’t leave any remaining debt on your old cards. This prevents accruing interest on the leftover balance and ensures you focus on paying down the transferred amount.
• Create a repayment plan: Determine how much you can comfortably afford to pay each month and stick to that schedule. Consider using a debt snowball or debt avalanche method to prioritize your repayment strategy.
• Avoid new purchases: While tempting to use the new card for purchases, resist the urge. Keep your focus on paying down the transferred balance and avoid racking up new debt.
• Set reminders: The 0% APR period will eventually end. Set calendar reminders to track the end date and be prepared for the regular APR to kick in.
• Keep your credit score high: Maintaining a good credit score is essential for getting the best credit card offers and keeping your APR low.

Final Thoughts

Zero interest balance transfer credit cards can be a powerful tool to help you get out of debt faster and save money on interest charges. By carefully considering your options and following our tips, you can choose the best card for your needs and achieve your financial goals.

Remember, it’s crucial to use these cards responsibly. Avoid making new purchases, create a realistic repayment plan, and stay on top of your payments. With the right strategy, you can take control of your finances and enjoy the benefits of a 0% APR.