Credit Card Forum
  • 0% for Transfers & Purchases

    zero percent APRLet's be honest... standard credit card interest rates can be outrageous. This is why transfer offers can be an appealing option for getting temporary relief from high interest rates and provide an opportunity to pay down balances. How do you decide which balance transfer offer might best fit your needs?

    Here is what you need to consider:
    • From which card(s) will you be transferring? 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 introductory period? Most cards on the market usually charge a transfer fee of 3-5%. So to get the most bang for your buck it's important to seek out the absolute longest 0% APR offers, but it's also important to factor in the long term go-to APR once the intro period expires.

    Reviews of Featured Credit Cards for Balance Transfers & Purchases for 2014
    (this sponsored list is constantly updated)

    Discover it®
    This Discover it offer packs a powerful one-two punch, offering the longest 0% APR balance transfer period in the marketplace, at 18 months, in combination with a great cash back rewards program. Discover also employs 100% U.S.-based call centers to ensure their customer service is top notch. Plus, you get all this value for no annual fee. That's a deal.
    Discover it card
    • 0% intro APR on balance transfer for 18 months - then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
    • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
    • Rated 4.8 out of 5 Stars by over 4,000 cardmembers.*
    • No annual fee, no late fee for your first late payment - APR won't go up for you paying late, no overlimit fee and no foreign transaction fee.*
    • Free FICO® Credit Score online and on monthly statements.*
    • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases automatically.*
    • 100% U.S.-based customer service - anytime, day and night.
    • *See rates, rewards, free FICO® Credit Score terms and other info by clicking "Apply."


    Chase Slate®
    This card offers 0% APR for 15 months on purchases and balance transfers with an introductory transfer promotion that waives the transfer fee for the first 60 days! This is the only balance transfer offer in the marketplace to do this! Avoiding a transfer fee can save you hundreds of dollars. This is a great deal.
    Chase Slate
    • Pay less interest. Save on balances and new purchases
    • 0% introductory balance transfer fee for transfer made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
    • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
    • $0 Annual Fee
    • Best 0% Offer in "Crowning 2013's Best Credit Card Offers" (January 14, 2013) - Forbes Online


    Discover it® chrome (0% intro APR on balance transfers for 18 months)
    The Discover it chrome product is really just like the standard Discover it, in that it offers a tremendously long 18 month 0% APR balance transfer option. The rewards structure is a bit simpler from chrome, though. You earn 2% cash back each quarter on up to $1,000 in spending on gas and restaurant purchases and 1% on all other purchases. No signups required. No annual fee.
    Discover it chrome
    • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
    • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
    • 2% cash back automatically on up to $1,000 in combined purchases at restaurants and gas stations every quarter - no sign-ups needed*. 1% cash back on all your other purchases.
    • No annual fee, no overlimit fee, no late fee on your first late payment and no foreign transaction fee*.
    • Free FICO® Credit Score online and on your monthly statement so you can track your score's progress*.
    • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
    • U.S. based customer service - anytime, day and night.
    • *See rates, rewards, free FICO® Credit Score terms and other info by clicking "Apply".


    BankAmericard Cash Rewards™ Credit Card
    Bank of America Cash RewardsDo 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 (online-exclusive) 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 you 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).



    Citi Simplicity®
    The Citi Simplicity® MasterCard is the perfect card for those who have deadline issues and don't respond well to negative reinforcement. There are literally no late fees or rate hikes when you pay late – hard to believe but true. So, if you have trouble keeping up with due dates and occasionally pay late you won't get stung with a $35 late fee each time or have to pay outrageous penalty rates on outstanding balances. Simplicity offers no rewards program but could save you a bundle in fees and interest charges if you have trouble paying your bill on time. If only all cards were this simple.
    Citi Simplicity
    • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% – 21.99% 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


    Discover it® chrome
    This is the same Discover it chrome card (with the year-round 2 percent cash back on gas and restaurants on up to $1,000 in spending per quarter). However, it offers a lengthy 0% promotion for balance transfers and purchases: You get 14 months at zero percent for both.
    Discover it chrome
    • 2% cash back automatically on up to $1,000 in combined purchases at restaurants and gas stations every quarter - no sign-ups needed*. 1% cash back on all your other purchases.
    • 0% intro APR on purchases and balance transfers for 14 months - then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
    • APR won't go up if you pay late.
    • No annual fee, no overlimit fee, no late fee on your first late payment and no foreign transaction fee*.
    • Free FICO® Credit Score online and on your monthly statement so you can track your score's progress*.
    • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
    • U.S. based customer service - anytime, day and night.
    • *See rates, rewards, free FICO® Credit Score terms and other info by clicking "Apply".


    Discover it®
    This is essentially the identical Discover it card offer mentioned above, except this one comes with a slightly introductory period for balance transfer but compensates with a much longer purchase APR promotion. It's a better choice if you need a lengthly break from paying interest on both balance transfer and new purchases to go along with Discover's great cash back rewards program.
    Discover it card
    • 0% intro APR on purchases & balance transfers for 14 months - then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
    • Rated 4.8 out of 5 stars by over 4,000 cardmembers.*
    • No annual fee, no late fee for your first late payment - APR won't go up for you paying late, no overlimit fee and no foreign transaction fee.*
    • Free FICO® Credit Score online and on monthly statements.*
    • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases automatically.
    • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text - and never responsible for unauthorized Discover card purchases.
    • U.S.-based customer service - anytime, day and night.
    • *See rates, rewards, free FICO® Credit Score terms and other info by clicking "Apply."


    Blue Cash Preferred® Card from American Express
    If you have excellent credit, then you may wish to consider the Blue Cash Preferred from American Express, a CreditCardForum advertising partner. This has been a popular card among many of our forum members for its rewards program, but a 0% intro APR offer wasn't included with it until last year. And, even after that 0% window expires, this is a credit card you may want to keep around due to the cash back reward program. Your cash back is received in the form of Reward Dollars that you can redeem for statement credits.
    American Express Blue Cash Preferred
    • Get $150 back after you spend $1,000 on purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
    • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
    • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply.
    • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
    • A credit card that gives you cash back with a 0% Intro APR Offer on purchases and balance transfers for 15 months.
    • After that, your APR will be a variable rate, currently 12.99%-21.99% based on your creditworthiness and other factors.
    • Terms and restrictions apply.


    Chase Freedom®
    The Chase Freedom card offers 0% APR on both balance transfers and purchases for 15 months (variable APR of 13.99% - 22.99% after) along with a superior rewards program that is very popular among those in the know. And, you get this great introductory APR and rewards program at no cost – there is no annual fee. Plus, you get a $100 signup bonus after spending only $500 within the first 3 months from account opening. Little wonder this is one of the most popular cards in the market.
    Chase Freedom
    • 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 purchases 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%
    • 5% Cash Back on up to $1,500 in combined purchases between July 1 and September 30, 2014 at gas stations and Kohl's®
    • 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!
    • Unlimited 1% Cash Back on all other purchases
    • No annual fee and rewards never expire


    BankAmericard® Visa® Card
    Plain vanilla credit cards are the perfect fit for people who just want a straightforward value and don't need the distraction and temptation of rewards. With this card you can enjoy 0% APR on purchases and for balance transfers made in the first 60 days for a full 15 months. For those that carry balances on other high-interest cards, getting an interest rate holiday for 15 milling cycles can be very helpful in efforts to become debt free.
    BankAmericard Visa
    • 0% Introductory APR for 15 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 10.99% - 20.99% variable APR
    • No annual fee
    • The perfect card for those seeking a simple yet convenient-to-use credit card
    • Our $0 Liability Guarantee, so you're not responsible for any fraudulent charges made on your account
    • Chip technology for enhanced security at chip-enabled merchant terminals


    Capital One® VentureOne® Rewards Credit Card
    The VentureOne Rewards card is one of the most popular no annual fee cards with a 0% intro offer on purchases, plus it has a great rewards program. It offers a 0% intro APR on purchases until August 2015, then a variable APR of 11.9%-19.9% thereafter. Also, if you spend $1,000 on purchases within the first 3 months you can earn a one-time bonus of 20,000 miles. That's equivalent to $200 in travel!
    Capital One VentureOne
    • Apply toll-free by calling 877-525-5805
    • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months, equal to $200 in travel
    • Earn unlimited 1.25 miles on every purchase, every day
    • No annual fee
    • Fly any airline, stay at any hotel, anytime
    • Enjoy a low intro APR on purchases
    • Travel when you want - no blackout dates
    • Miles don't expire
    • No limit to the miles you can earn


    BuyPower Card from Capital One
    The Capital One BuyPower Card (formerly known as the GM Card) is a great rewards card for those planning to buy a GM vehicle down the road. But it's also an excellent vehicle for bypassing interest charges on new purchases for a full 12 months. So, if you're a GM fan and a fan of free money this card could offer a smooth ride.
    BuyPower Card from Capital One
    • Every purchase earns rewards that can help you save toward a new Chevrolet, Buick, GMC or Cadillac vehicle
    • Get 5% Earnings on your first $5,000 in purchases every year
    • Unlimited 2% Earnings on every purchases after that
    • Your Earnings don't expire and there's no limit on how much you can redeem
    • For an even better value, use your Earnings on top of your best agreed-upon price and most current GM offers
    • 0% intro APR on purchases for 12 months, then 11.9% - 19.9% variable APR on purchases
    • No foreign transaction fees
    • No annual fee


    Capital One® Platinum Prestige Credit Card
    This is a great no-frills balance transfer offer from Capital One. It also provides an intro 0% APR on purchases. There are no rewards with this card but that can be a good thing when you're paying down balances. 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% (variable) based on creditworthiness.
    Capital One Platinum Prestige
    • Apply toll-free by calling 877-525-5805
    • Get 0% intro APR on all purchases until November 2015
    • Balance transfers also have a 0% intro APR until November 2015, a 3% fee applies to each balance transferred
    • Enjoy no annual fee
    • Get peace of mind with fraud coverage if your card is lost or stolen
    • Enjoy extended warranty protection on eligible items purchased with your card
    • Fast and easy access, 24/7
    • Rent a car using your card and get collision, damage, and loss insurance
    • Feel secure with 24-hour roadside assistance


    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.


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