We’ve all been there – drowning in credit card debt with sky-high interest rates. But fear not! Balance transfer credit cards are here to save the day. By transferring your balance to a credit card offering 0% intro APR, you can save yourself thousands of dollars in interest payments.
Some of the best balance transfer credit cards offer 0% intro APR for up to 21 months. This means that you won’t have to pay any interest on your transferred balance for a year or more, depending on the card. It’s like hitting the reset button on your debt!
Chase Freedom Unlimited®
One standout card is the Chase Freedom Unlimited®. With this card, you’ll enjoy a 0% intro APR on balance transfers for a generous duration. It also offers a competitive rewards program and valuable benefits for cardholders. It’s a win-win situation!
Best Balance Transfer Credit Cards Compared 2024
To help you find the best balance transfer credit card for your needs, we’ve compiled a comprehensive comparison of the top options available in 2024. Take a look at the table below for a quick overview:
| Card Name | Balance Transfer Intro APR |
|---|---|
| Citi Diamond Preferred® Card | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| Citi Simplicity® Card | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| Chase Slate Edge® | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| Citi Double Cash Card – 18 month BT offer | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| Chase Freedom Unlimited® | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| Blue Cash Everyday® Card from American Express | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| Citi Custom Cash® Card | [balance_transfer_intro_apr,balance_transfer_intro_duration] |
| U.S. Bank Visa Platinum® Card | 0% intro APR on balance transfers for 18 billing cycles |
Each card offers its own unique benefits and features, so be sure to choose the one that aligns with your specific financial goals.
Our recommendations for the best balance transfer credit card
Best for the Longest Intro Period: Citi Diamond Preferred® Card
The Citi Diamond Preferred® Card offers an impressive [balance_transfer_intro_apr,balance_transfer_intro_duration] on balance transfers. It’s a great option if you need more time to pay off your debt without worrying about interest charges.
Best for Late Fees: Citi Simplicity® Card
The Citi Simplicity® Card not only provides a [balance_transfer_intro_apr,balance_transfer_intro_duration] on balance transfers, but it also eliminates late fees and penalty APRs for late or returned payments. It’s the perfect card for those who want to avoid unnecessary fees.
Best for Beginners: Chase Slate Edge®
If you’re new to balance transfers, the Chase Slate Edge® card is an excellent choice. It offers a [balance_transfer_intro_apr,balance_transfer_intro_duration] on both balance transfers and purchases. Plus, it comes with additional benefits and the opportunity to increase your credit limit.
Best for Good Credit: Citi Double Cash Card
For those with good credit, the Citi Double Cash Card is a top pick. It offers a [balance_transfer_intro_apr,balance_transfer_intro_duration] on balance transfers and a competitive cash back rewards program. Plus, you can transfer the rewards earned to travel partners for even greater value.
Best for Flexible Rewards: Chase Freedom Unlimited®
If you prefer a card with flexible rewards, the Chase Freedom Unlimited® is the one for you. It offers [balance_transfer_intro_apr,balance_transfer_intro_duration] on balance transfers and a generous welcome bonus. Plus, you’ll earn cash back on every eligible purchase.
Best for Cash Back Rewards: Blue Cash Everyday® Card from American Express
The Blue Cash Everyday® Card from American Express is perfect for cash back enthusiasts. With a [balance_transfer_intro_apr,balance_transfer_intro_duration] on balance transfers and a strong cash back earning rate, it’s a reliable choice for maximizing your rewards.
Best for Choosing Your Own Rewards: Citi Custom Cash® Card
For those who want to choose their own rewards, the Citi Custom Cash® Card is an excellent option. It offers a [balance_transfer_intro_apr,balance_transfer_intro_duration] on balance transfers and a unique feature that automatically adjusts your earning rate based on your spending habits.
Best for 0% Intro APR on Purchases: U.S. Bank Visa Platinum® Card
If you’re looking for a card with a long 0% intro APR on purchases, the U.S. Bank Visa Platinum® Card is the way to go. It provides 0% APR on both balance transfers and purchases for 18 billing cycles.
Our Methodology
To determine the best balance transfer credit cards, we considered the benefits, ease of use, and the length of the 0% intro APR balance transfer window. Only cards that excelled in these areas made it onto our list.
Who should apply for a balance transfer credit card?
If you’re struggling with high-interest credit card debt, a balance transfer credit card can be a game-changer. It allows you to consolidate your debt onto one card with a lower or 0% intro APR. This can give you a breather from interest payments and help you pay off your debt more effectively.
How to compare 0% balance transfer credit cards and select the best one for you
When comparing balance transfer credit cards, consider the length of the 0% intro APR window, ongoing benefits, and your financial goals. If you prefer rewards, choose a card that offers both a solid intro APR and a rewarding program. It’s also important to read the fine print, transfer your highest APR debt first, commit to large payments, and avoid spending more than you usually would.
Alternatives to 0% balance transfer credit cards
If a balance transfer credit card isn’t the right fit for you, there are alternatives to consider. A personal loan can help consolidate your debt and offer lower interest rates. Another option is opening a low APR credit card for new purchases and using it solely for your debt repayment.
Remember, balance transfer cards can offer more than just 0% APR
Balance transfer credit cards can provide additional benefits beyond the 0% intro APR. Some cards offer attractive rewards programs, flexible redemption options, and useful perks like cellphone insurance. Take advantage of these features to maximize the value of your card.
In conclusion, choosing the right balance transfer credit card can save you thousands of dollars in interest payments and help you become debt-free faster. Consider your financial goals and preferences, read the fine print, and make a plan to tackle your debt head-on. With the right card and a solid repayment strategy, you’ll be on your way to financial freedom.