- Which card(s) will you be transferring from? Most issuers won’t allow you to transfer balances to another one of their credit cards. For example, you cannot transfer your balance from one Citi card to another Citi card. So make sure you choose a different bank than your current card.
- How long is the offer? Every card on the market nowadays usually charges a transfer fee of 3-5%. So to get the most bang for your buck, you need to get the absolute longest 0% APR offers.
Top Choice For Transfers: Discover it®
Not only is this the longest 0% offer for balance transfers, but the card also has an awesome rewards program so even after you pay it off you will actually want to keep it around. Discover uses 100% U.S. based call centers so their customer service is top notch. There's no annual fee. *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other info.
- 0% intro APR* for 18 months on balance transfers and 6 months for purchases. Then the variable APR applies which is currently 10.99% to 22.99% *Click apply for terms & conditions
- 5% cash back on ALL online purchases (up to $1,500 worth) from Oct 1st thru Dec 31st when you enroll. Every quarter has different 5% categories. 1% on all other purchases*.
- No late fees for first late payment, no APR hikes for paying late, and no pay-by-phone fees.
- Your genuine FICO® Credit Score is shown for free on your statement every month.
Top Choice For Purchases: Barclaycard Arrival World MasterCard
If you need a 0% offer for purchases, this is one of the most popular promotions available at the moment. Why? Because for a very limited time you can earn a bonus worth $400 and get 0% intro APR for the first 12 months on purchases. However this is not a good credit card for transfers because those are charged the regular interest rate.
- 2 miles per dollar on every purchase. You can redeem these miles for statement credits to offset virtually any travel purchase made.
- 40,000 bonus miles after making $1,000 in purchases in the first 90 days from account opening. 40,000 bonus miles = $400 in statement credits to use for travel!
- 0% intro APR on purchases for the first 12 months from account opening. After that the APR is based on your creditworthiness – currently 14.99% - 18.99%* Variable.
- $0 intro annual fee for your first year. $89 after that if you choose to keep it.
Slate® from Chase
Right now this is the only promotion out there that isn't charging a balance transfer fee. Keep in mind that the 0% is slightly shorter and the card doesn't have a rewards program. However based on reviews/feedback, Slate is the easiest Chase card to get approved for. After the zero interest promotion ends, the regular APR is 12.99% - 22.99% (Variable). No annual fee.
- 0% Intro APR for a full 15 months on balance transfers*
- 0% Intro APR for a full 15 months on purchases*
- No fee for balance transfers (which are made during the first 60 days)*
- To get this offer use the link below or call 1-877-239-3029
BankAmericard Cash Rewards™ Credit Card
Do you want an offer that has it all? With this no annual fee card you get a 0% intro APR offer, a generous rewards program, and even a $100 cash rewards bonus after you make at least $500 in purchases within the first 90 days. You get a 0% introductory APR for 12 billing cycles on purchases as well as any balance transfer you make within the first 60 days. After that the regular APR is 12.99% to 22.99% Variable*. Even though this may not be as long as some of the other 0% intro APR offers, remember with this one have the opportunity earn a $100 cash rewards bonus, too.
Last but not least, the rewards program lets you earn 3% on gas and 2% at grocery stores for the first $1,500 in combined spending each quarter on gas and grocery store purchases. All other purchases earn 1%. Best of all, if you have a Bank of America checking or savings account and redeem your rewards into it, you will receive a 10% customer bonus (i.e. $100 in rewards would become $110).
This is the same Discover card mentioned above, except this one comes with a different 0% promotion. It's a better choice if you need it for both transfers and purchases. *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other info.
- 0% intro APR* for 14 months on balance transfers
- 0% intro APR* for 14 months on purchases
- After the intro period a variable APR applies, which is currently 10.99% - 22.99%
- 5% cash back on ALL online purchases (up to $1,500 worth) from Oct 1st thru Dec 31st when you enroll. Every quarter has different 5% categories. 1% on all other purchases.
Capital One® VentureOne® Rewards Credit Card
If you want a top-rated no annual fee rewards card that comes with a 0% intro APR on purchases, then check out this sweet offer from Capital One®. This is one of the most popular credit cards on the market right now. The regular APR is 11.9% - 19.9% (V).
- 1.25 miles per dollar on every purchase, every day and no annual fee
- One-time bonus of 20,000 miles once you spend $2,000 on purchases within the first 3 months, equal to $200 in travel
- Redeem miles for airline tickets, hotel rooms, car rentals, and more
- No limit on the miles you can earn and miles don't expire
- Fly on any airline, any time with no blackout dates
- 0% intro APR on purchases until December 2014
- No foreign transaction fees
Blue Cash Preferred® Card from American Express
If you have excellent credit, then I highly recommend this new offer from American Express. This has always been a popular card for its rewards program, but a 0% intro APR offer wasn’t included with it until very recently. And even after that 0% window ends, this is a credit card you will want to keep around because of the the cash back you can earn with it. Your cash back is received in the form of Reward Dollars that you can redeem for statement credits.
- 0% intro APR for 15 months on purchases and balance transfers, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
- Earn 100 Reward Dollars after using your new Card to make $1,000 in purchases in the first 3 months. You can redeem 100 Reward Dollars for $100 in statement credits!
- Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period.
- Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
- $75 annual fee, but it's well worth it considering the current offer and rewards program.
- Terms and Restrictions Apply.
BankAmericard® Better Balance Rewards™ Credit Card
This is a very unique card because it rewards you for paying down debt in a responsible manner. Simply pay on time and more than the minimum every month and at the end of the quarter, you will receive $25 in cash rewards. That means over the course of a year you could earn $100.
And if you have another qualifying account, you will also receive an extra $5 bonus in each quarter, in total that's up to $120 in cash rewards you could earn every year.
What’s really nice about this rewards program is that it can help motivate you to pay down debt, instead of motivating you to spend more! If you apply right now you can get a nice introductory APR offer: 0% for 12 billing cycles on purchases and for any balance transfers you make within the first 60 days. After, the regular APR is 11.99% - 21.99% Variable*. There’s no annual fee.
It's rare to find a balance transfer deal that also gives you a cash bonus, but that's exactly what this 3-part promotion does. You will receive 0% on both balance transfers and purchases. But to sweeten the pot for a limited-time, Chase is tossing in a $200 bonus if you spend at least $500 within the first 3 months from account opening. This 1 offer is giving you 3 incentives at the same time!
- 0% Intro APR for 15 months on balance transfers and purchases. After the intro period, it is a variable APR of 13.99%-22.99%.
- $200 bonus cash back after spending $500 within the first 3 months from account opening.
- 5% cash back at Amazon.com and select department stores on up to $1,500 in purchases made between Oct 1st thru Dec 31st 2013 when you enroll. Each and every quarter there will be new and enticing 5% categories that you can activate for free.
- 1% cash back on all other purchases.
Capital One® Platinum Prestige
This is the best balance transfer credit card from Capital One®. It also gives you an intro 0% APR on purchases, too. The MasterCard® Platinum Benefits include 24-hour travel assistance services, travel accident insurance, auto rental insurance, and extended warranty coverage on eligible purchases. After the intro period, your APR will be 10.9-18.9% (V) based on creditworthiness.
- 0% intro APR until March 2015 on balance transfers
- 0% intro APR until March 2015 on purchases
- MasterCard Platinum benefits
- No annual fee
How to get the most out of your balance transfer offer:
Avoid late payments: Thankfully, the credit card reform that went into effect back in 2010 protects consumers against rate hikes during the first year, except under some exceptions (like making a payment 60 days late). So just make sure you always pay at least the minimum on-time. Setting up auto payments are an easy way to do this.
It’s now OK to make purchases on the card: Before the reform, payments were applied to balances with lower interest rates first (i.e. 0% balance transfer offers). Now, payments are automatically applied to the higher rate balances first (like standard APR purchases) after the minimum payment amount is paid. That means it now makes sense to use the card for spending, but if you want avoid interest, make sure to pay the total amount of new charges during each cycle. The ability to do this is beneficial if the credit card offers rewards you want to take advantage of.
Try and choose a card you will want to keep. Of course the purpose is to save money on interest, but it doesn’t hurt to consider the benefits. If there are two balance transfer deals for the same duration, you might as well go with the one that offers the best rewards and benefits... so you will actually still want to keep it around after the debt is paid off! Another reason to do this is because part of your credit score is based on the average age of your accounts - the older the better. This is why it's best to avoid opening and closing accounts on a frequent basis.