Balance transfer credit cards with interest-free introductory offers can save you money while you work to pay off your credit card debt.
If you have high credit card balances and are paying high interest rates, you may want to consider transferring your balances over to a credit card with a 0% introductory rate on balance transfers.
We have compiled a list of balance transfer credit cards, and all of them have 2 features in common.
All of these balance transfer cards have No Annual Fee, and they offer 0% APR Introductory Offers on Balance Transfers.
It’s important that your balance transfer card has no annual fee, because the idea of transferring your balances is to save money, so any additional fees should be avoided if possible. The balance transfer cards in the list we have provided do not have annual fees.
Read more about How Annual Fees Affect Interest Rates.
You’ll also want a balance transfer credit card with a 0% introductory offer, so that you can avoid paying interest as long as possible, which means that all of your credit card payments will go directly towards your principal balance.
All of the balance transfer cards in this list also offer 0% APR introductory rates, so you’ll pay absolutely no interest during the introductory period for up to 12 months.
However, if you think it may take you longer than the interest-free introductory period to pay off your balance transfers, then you may want to consider Fixed APR for Life Balance Transfer Credit Cards, which offer a low fixed APR on your balance transfers for the life of the loan. Otherwise, you may end up paying a high interest rate on your remaining balance after the introductory offer expires.
Another way to save money is to choose a balance transfer card that has no balance transfer fees. Balance transfer fees can cost you up to around $100, depending on the amount of money you want to transfer and the specific fees of that credit card, so it’s best to choose a balance transfer card with no balance transfer fees.
We have divided our list of balance transfer cards into 2 main categories, balance transfer cards with no balance transfer fees and balance transfer cards that have balance transfer fees. These main categories are then further divided into general consumer cards, student cards and business cards.
If you have to settle for a balance transfer card with a balance transfer fee, you’ll still save money over the long term, considering the amount of interest you would otherwise pay on your current card during the interest-free introductory period of your new balance transfer card, but you will have to pay the one-time balance transfer fee, which is usually around 3% of the balance with a $5 to $10 minimum fee and a maximum fee anywhere between $50 and $100.
However, the best option is to choose a balance transfer card with no balance transfer fees.
0% APR Introductory Rate Balance Transfer Credit Cards with No Balance Transfer Fees
Due to the current economic climate’s effect on the credit card industry, there are not any no balance transfer fee credit cards with 0% APR introductory rates currently available.
However, the following no BT fee card is available with a low introductory interest rate.
Bryant State Bank MasterCard®
- Low Interest Rate of 11.25%*
- Introductory Balance Transfer Rate
- No Balance Transfer Fee
- $0 Fraud Liability
- 24/7 Online Account Access
- Emergency Cash Advance & Card Replacement
- Worldwide Acceptance
- *See Card Terms and Conditions
0% APR Introductory Rate Balance Transfer Credit Cards
These balance transfer cards offer 0% APRs for up to 12 months.
Discover® More® Card
- 0% intro APR on balance transfers for a full 15 months, then the Regular APR
- 0% intro APR on purchases for a full 6 months, then the Regular APR
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now” button, you can review the credit card terms and conditions on credit card issuers website.
Chase Freedom® Visa – $50 Bonus Cash Back
Chase Freedom® Visa – $50 Bonus Cash Back
- Earn $50 Bonus Cash Back after first purchase
- 0% Intro APR and No Annual Fee
- 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy!
- Unlimited 1% Cash Back on all other purchases with no spending tiers
- Up to an additional 20% cash back when you shop online at select merchants through Chase
Read more Tricks to Balance Transfers to find out how to make the most of your balance transfer credit card.
Take advantage of these interest-free balance transfer credit cards to start saving money while you work to pay off your credit card debt.
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