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Advertising Disclosure *Advertising Disclosure: SmartCreditChoices.com is an independent, advertising-supported comparison service. SmartCreditChoices.com receives compensation from the credit card issuers whose credit card offers appear on the website. The compensation may impact the order in which they appear within listing categories. SmartCreditChoices.com does not include the entire universe of available credit or financial offers.

About Editor's Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.

 

SAVE MONEY WITH A 0% BALANCE TRANSFER CREDIT CARD

0% APR balance transfers are a powerful tool that can help consumers save tremendous amounts of money on interest while significantly reducing the time it takes to get out of credit card debt.

Below you will find information on money saving balance transfer credit card offers as well as links to secure online applications. All links open in new windows. If a link fails to open, temporarily disabling your pop-up blocker will fix the problem.

CHASE SLATE®



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

0% for 15 months*
0% for 15 months*
12.99%, 17.99%, 22.99% Variable*
$0
Excellent/Good

You can also call 866-603-5968 to apply

Key Features
  • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • New Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
VIEW ALL FEATURES

Additional Features
  • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • New Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Apply Now

CITI SIMPLICITY® CARD



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

0% for 21 months*
0% for 21 months*
12.99% - 22.99%* (Variable)*
$0*
Excellent Credit

Key Features
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
VIEW ALL FEATURES

Additional Features
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
Apply Now

BANKAMERICARD® CREDIT CARD



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

N/A
0% for 18 billing cycles for balance transfers made in the first 60 days*
10.99% - 20.99% Variable on purchases & balance transfers*
$0
Excellent/Good

Key Features
  • New Offer! 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then, 10.99% - 20.99% Variable APR. 3% fee (min $10) applies to balance transfers.
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
  • Zero liability fraud protection, so you're not responsible for any fraudulent charges made on your account
  • Now with chip technology for enhanced security and protection at chip-enabled terminals
VIEW ALL FEATURES

Additional Features
  • New Offer! 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then, 10.99% - 20.99% Variable APR. 3% fee (min $10) applies to balance transfers.
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
  • Zero liability fraud protection, so you're not responsible for any fraudulent charges made on your account
  • Now with chip technology for enhanced security and protection at chip-enabled terminals
Apply Now

CITI® DOUBLE CASH CARD



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

0% for 15 months*
0% for 15 months*
12.99% - 22.99%* (Variable)*
$0*
Excellent Credit

Key Features
  • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, 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 only card that earns you cash back twice on every purchase with:
  • 1% cash back when you buy
  • Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
  • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
  • No Annual Fee
VIEW ALL FEATURES

Additional Features
  • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, 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 only card that earns you cash back twice on every purchase with:
  • 1% cash back when you buy
  • Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
  • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
  • No Annual Fee
Apply Now

BANKAMERICARD CASH REWARDS™ CREDIT CARD



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

0% for 12 billing cycles*
0% for 12 billing cycles for qualifying balance transfers*
12.99% - 22.99% Variable on purchases & balance transfers*
$0
Excellent/Good

Key Features
  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery/gas purchases each quarter
  • No annual fee
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 12.99% - 22.99% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25%-75%. Click "Apply Now" to learn more about Preferred Rewards.
  • Now with chip technology for enhanced security and protection at chip-enabled terminals
VIEW ALL FEATURES

Additional Features
  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery/gas purchases each quarter
  • No annual fee
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 12.99% - 22.99% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25%-75%. Click "Apply Now" to learn more about Preferred Rewards.
  • Now with chip technology for enhanced security and protection at chip-enabled terminals
Apply Now

CHASE FREEDOM®



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

0% for 15 months*
0% for 15 months*
13.99% - 22.99% Variable*
$0
Excellent/Good

Key Features
  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • Unlimited 1% Cash Back on every purchase
  • 5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • No annual fee and rewards never expire as long as your account is open
VIEW ALL FEATURES

Additional Features
  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • Unlimited 1% Cash Back on every purchase
  • 5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • No annual fee and rewards never expire as long as your account is open
Apply Now

CAPITAL ONE® QUICKSILVER® CASH REWARDS CREDIT CARD



Intro APR on Purchases

Intro APR on Transfers

Regular APR

Annual Fee

Credit Type

0% until May 2016*
0% until May 2016*
12.9% - 22.9% (Variable)*
$0
Excellent/Good

Key Features
  • One-time $100 cash bonus after you spend $500 on purchases within the first 3 months
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn't expire and there's no limit to how much you can earn
  • Get a 20% Statement Credit on Uber rides purchased with this card through April 2016
  • 0% intro APR on purchases until May 2016; 12.9%-22.9% variable APR after that
  • Balance transfers also have a 0% intro APR until May 2016, a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
  • Capital One® Credit Tracker - a free way to easily monitor your monthly credit score anytime, anywhere
VIEW ALL FEATURES

Additional Features
  • One-time $100 cash bonus after you spend $500 on purchases within the first 3 months
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn't expire and there's no limit to how much you can earn
  • Get a 20% Statement Credit on Uber rides purchased with this card through April 2016
  • 0% intro APR on purchases until May 2016; 12.9%-22.9% variable APR after that
  • Balance transfers also have a 0% intro APR until May 2016, a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
  • Capital One® Credit Tracker - a free way to easily monitor your monthly credit score anytime, anywhere
Apply Now

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Balance Transfer Credit Card Tips

Transfer Your Highest Rate Balances First: Unless the credit limit on your new balance transfer card is large enough to handle all of your outstanding debt, transfer debt from your highest rate cards first. While it may be tempting to wipe out the debt on lower rate cards to reduce the number of bills you have to worry about, transferring debt from cards with the highest rates will save you the most money.

Monitor Credit Card Bills After Your Balance Transfer: Because it can take up to 30 days for a balance transfer to clear, carefully monitor your credit card bills and continue to make payments to avoid penalty fees. This is important even after your transfer has taken place, as you will likely accrue interest charges on your old card from before your balance transfer cleared.

Don't Apply for Balance Transfer Cards with Multiple 0% Periods: If a credit card is advertising a 0% APR for "up to X months" or a 0% APR for X or Y months, avoid these offers. Why? In the fine print, you'll find that you may be approved, but offered a much shorter 0% APR on balance transfers than promised in bold print. Always check the terms and conditions of an application before applying to make sure only one 0% introductory period is offered.

Balance Transfer Fees are Usually a Necessary Evil: Up until the credit crisis, a number of companies offered 0% APR no fee balance transfers. Since then, only a handful of 0% APR no fee balance transfer credit card have been offered by major companies. While limited time no fee balance transfer promotions are occasionally available, most credit cards that offer very long 0% rates on transfers charge standard fees of 3%.

Ideas to Help You Find the Right Balance Transfer Credit Card

Key Factors that Influence Balance Transfer Savings: The amount of money that can be saved with balance transfers varies dramatically from person to person. The most obvious variable is current interest rates; those with higher rates will save more. Balance transfer fees also play a role. However, monthly payments are an often overlooked factor that can have a huge impact on how much a person can save by doing a balance transfer. Full Article.

Balance Transfer Credit Card Market Overview: In this article, you can learn more about trends in the balance transfer market. It examines 0% promotions currently being offered by the nation's largest issuers to help you find a balance transfer card with an appropriate length and fee structure for your particular needs. Full Article.

What to Look for on a Balance Transfer Credit Card Application: Before you virtually sign on the dotted line, it is important to carefully review terms and conditions. In particular, you will want to make sure the longest advertised 0% rate is granted to all approved applicants. Then you will want to check the balance transfer fee, which should be no higher than 3% on any card with a 0% rate lasting less than 15 months. Lastly, you'll want to consider the long term rates, especially if you don't think you can fully repay your balance before the 0% APR ends. Full Article.

How a Balance Transfer Can Benefit You

For obvious reasons, transferring high interest credit card debt to a balance transfer card that charges no interest for a year or more will save you money. What surprises people is just how much they can save. Taking standard balance transfer fees into consideration, a person with a 16% interest rate can expect to save around $100 for every $1,000 they transfer to a card that offers a 0% APR on balance transfers for one year. For a person with $5,000 in credit card debt, the savings will likely exceed $500.

Saving $500 in one year is great. However, the most overlooked benefit of balance transfers is the role a 0% rate can play in getting you out of debt quicker. Here’s a prime example:

A person with $5,000 in debt at an average interest rate of 16% will need to pay $150 every month for three years and nine months to become debt free. In just one year, that person will spend just over $700 in interest. And by the time the debt is repaid in 2015, the total interest bill comes to just over $1,600.

However, if that same person moves the debt to a 0% APR balance transfer credit card, their debt can be reduced by 33% in just one year. Then, even if the interest rate goes back to 16% after the 0% period expires, it will only cost $650 in interest to become debt free, a savings of nearly $1,000. Plus, it is always possible to do another 0% balance transfer after the rate increases. This can further reduce interest expenses and decrease the time it takes to get out debt even more.

*Disclaimer: See credit card applications for complete terms and conditions. Information on Smart Credit Choices regarding credit cards is presented as is and without warrantly. Before applying for a credit card, carefully review the credit card application terms and conditions.

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*Advertising Disclosure: SmartCreditChoices.com is an independent, advertising-supported comparison service. SmartCreditChoices.com receives compensation from the credit card issuers whose credit card offers appear on the website. The compensation may impact the order in which they appear within listing categories. SmartCreditChoices.com does not include the entire universe of available credit or financial offers.

About Editor's Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.

Editorial Note: This content is not provided by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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