0% APR Balance Transfer Credit Cards
0% Balance transfer offers are a great way to consolidate high interest debt, transfer home equity loan balances to 0% APR interest rates, or to simply put the money in a savings account to earn interest. Whatever you chose, applying online for one of the best 0% balance transfer offers available gives you access to money with no interest. Listed below are some of the best no interest transfer offers available, along with an easy and secure way to apply online for these money saving cards.
Here are the top choices among 0% BT offers:
Citibank 0% Balance Transfer Offers
Citi Platinum Select MasterCard--Up to 12 Months 0% Balance Transfer
One of the longest available balance transfer offer is the Citi Platinum Select MasterCard. In addition to a 0% APR balance transfer feature for up to 12 months, the card has no annual fee and currently comes with a regular APR as low as 10.99%. You can visit www.citibank.com for more information or to apply. Here are some more details about the card:
| Citi® Platinum Select® MasterCard® |
|---|
 | - 0% APR* on Balance Transfers and Purchases for up to 12 Months
- No Annual Fee
- Citi® Identity Theft Solutions
- $0 Liability on Unauthorized Purchases
- Secure, Free Online Account Management
- Extra Cash from Citi: Enjoy Significant Discounts on Gift Cards, Travel, Merchandise, and More.
|
| Intro APR | Intro APR
Period | Regular
APR | Annual
Fee | Balance
Transfer | Credit
Needed | | 0% APR* for up to 12 Months | up to 12 Months | As low as 11.99%V | $0 | Yes | Very Good |
|
Discover 0% Balance Transfer offers
Discover More Card-12 Month 0 Balance Transfer
The Discover More card comes with a number of benefits, including a 12-month 0 balance transfer. While it's not the longest balance transfer available, the card also comes with up to 5% cash back and has no annual fee. To get more information on the card and to apply online, visit www.discover.com.
| Discover® More(SM) Card |
|---|
| - Earn more cash in more ways than anyone else(SM)
- Unlimited cash rewards, automatically
- Up to 20% Cashback Bonus® when you shop online
- Double rewards with more than 100 Cashback Bonus Partners
- Customer Service in less than a minute, anytime you want
- 0% Intro APR for 6 months on Purchases, and up to 12 months on Balance Transfers*
|
| Intro APR | Intro APR
Period | Regular
APR | Annual
Fee | Balance
Transfer | Credit
Needed | | 0%* | 12 Months* | 11.99% - 19.99%* | None | Yes | Good |
|
Discover Miles
The Discover Miles card combines a no interest transfer feature with some terrific travel rewards. In addition to a 6-month zero percent balance transfer, the card also offers one of the fastest ways to earn miles. With up to 25,000 bonus miles over the first 25 months of using the card, cardholders can earn enough free miles for a round trip plane ticket.
| Miles by Discover® Card |
|---|
| - 12,000 Bonus Miles – 1,000 Miles each month you make a purchase for the first 12 months
- Double Miles on up to $3,000 in travel and restaurant purchases each year
- Book any travel, anytime with no blackout dates or restrictions
- 1 Mile for every $1 on all your other purchases
- Unlimited Miles that never expire
- No Annual Fee
- Redeem for travel credits to your account, gift cards from any of our 90 brand-name Partners or cash starting at just 1,000 Miles
|
| Intro APR | Intro APR
Period | Regular
APR | Annual
Fee | Balance
Transfer | Credit
Needed | | 0%* | 6 Months* | 11.99% - 19.99%* | None | Yes | Good |
|
| Discover® Motiva(SM) Card |
|---|
| - 5% to 20% Cashback Bonus® at Top Online Retailers*
- Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically
- Increase, Even Double Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus® Partners
- Free Payment by Phone or Online - Even on Your Payment Due Date
- Choose a Payment Due Date That Meets Your Needs
- No Annual Fee
- *View Discover® Card Rates, Fees, Rewards, and Other Important Information
|
| Intro APR | Intro APR
Period | Regular
APR | Annual
Fee | Balance
Transfer | Credit
Needed | | 3.99% APR for 6 Months* | 6 Months | as low as 11.99% | $0 | Yes | N/A |
|
| Miles by Discover® Card |
|---|
| - 12,000 Bonus Miles* - 1,000 Miles Each Month You Make a Purchase for the First 12 Months
- Double Miles on Up to $3,000 in Travel and Restaurant Purchases Each Year
- Book Any Travel, Anytime with No Blackout Dates or Restrictions
- 1 Mile for Every $1 on All Your Other Purchases
- Unlimited Miles That Never Expire*
- No Annual Fee
- Redeem for Travel Credits to Your Account, Gift Cards from Any of Our 90 Brand-Name Partners, or Cash Starting at Just 1,000 Miles
- *View Discover® Card Rates, Fees, Rewards, and Other Important Information
|
| Intro APR | Intro APR
Period | Regular
APR | Annual
Fee | Balance
Transfer | Credit
Needed | | 0% APR for 6 Months* | 6 Months | as low as 11.99% | $0 | Yes | Very Good |
|
{ 22 comments }
I wanted to provide a quick update on 0% balance transfer offers. The Credit Card Act of 2009 has caused card issuers to cut back on many balance transfer deals. Chase has raised the transfer fee to 5% for some cards. Discover card has cut its 0% balance transfer terms back to 6 months (they use to be 12). And some cards have eliminated the transfer offer completely. I’ll keep updating this list as offers become available or change. The Citi Platinum Select, with a 6 month 0% balance transfer feature is still one of the best offers currently available.
I have a question about the Discover 0% balance transfer cards. They all seem to have the same balance transfer terms, and I’m wondering if there is much of a difference from one Discover card to the next. thx.
Marina, Discover for the most part does keep its balance transfer offer terms the same across all of its cards. One thing that can be somewhat confusing is that the Discover More Card comes in several different versions (e.g., Wildlife, Sealife, Clear, Monogram, American Flag). All of these cards are the exact same card with the exact same balance transfer offer. The other cards like Miles and Open Road have the same transfer deal, but different rewards benefits. Finally, the Discover Motiva Card is the one card with a different balance transfer offer. It’s not a 0% offer, but instead 3.99% balance transfer deal. The plus side is that it lasts for 12 months, not just six. Hope this helps!
Is there a fee if you pay ithe balance in full before the inro period ends?
There is a transfer fee on 0% balance transfer offers, even if you pay off the balance before the introductory rate. The fee gets charged at the time you authorize the transfer. Of course, you avoid interest charges by paying off the balance before the 0% transfer period ends, but there’s no way to avoid the transfer fee.
Online earlier today there was an offer for a Discover More card with 0% APR on balance transfer for 12 months. Where do I find this offer?
Jeff, I carry the Discover More card, have used its 0% balance transfer offer, and keep a close eye on any new offers. I’ve seen no 12-month offers from Discover recently. There were at 12-months earlier this year, but now their balance transfers are 6 months.
In order to avoid interest, do you have to pay on or before the final closing date, or the due date for the corresponding cycle. Lets say its 0% until statement closing date of 12-15. Due date is 12-30. Which date do you need to pay by?
Rick, great question. Here’s what I’ve done for all the balance transfer offers I’ve used in the past–call them. I get a representative on the phone to give me the exact date the 0% offer expires. That said, if the offer is until the statement closing date, I think you’d need to pay it off then, not by the due date. Again, though, I’d call to confirm.
Do any cards currently offer the 0% transfer fee? I don’t care if it’s only for 6 months, I just don’t want to pay any transfer fee at all (I know, I’m selfish). Wishing thinking …
Karen, the short answer is yes, there are balance transfer offers with no transfer fee, but these deals are not 0% balance transfer offers. The no fee options all charge interest on the balance transfer from day one. The typical charge is about 8%. Compared to the Discover More Card, which has a 5% transfer fee but 0% for 12 months, the Discover card will cost less. Also, the no fee offers are on cards that require nearly perfect credit. These are low interest cards from IberiaBank and Simmons. Great all around cards, but hard to get. You can check out some no fee offers here.
Here’s my own situation – credit score of 760 (possibly higher). I have $10,000 on one card. I will be paying off $4,000 in December 2009 in a lump sum and another $2,000 in March 2010 in a lump sum. The card I currently have is going to 7.99% as of October 1. However, I received notification that it could be going as high as 14.99% (not by anything of my own donig – just the credit card APR increases that everyone is seeing). Would I be better off doing a transfer that charges 5% transfer fee upfront … or finding a card with 0% transfer fee but a higher APR. OR…do I leave the money where it is?
Karen, first, with a credit score of 760, you should be able to qualify for the top balance transfer offers. If I were in your situation, a big part of the decision would depend on whether your current card in fact raises the rate to 14.99%. But either way, I would be inclined not to transfer the $4,000 you plan to pay off in December. Since that’s just about two months away, it’s just not worth the balance transfer fees. As for the $2,000 you can pay off in March 2010, that’s a close call. One option would be to get a 6-month deal with a 3% balance transfer fee (Citi Platinum Select is the card I used for this deal) for the $2,000 you plan to pay off in six months, and use the Discover More Card for the remaining $4,000 that will get paid off some time later. Part of the decision, however, has to factor in how long it will take you to pay off the last $4,000.
So I’ve held off on my financial situation due to some unexpected legal bills. The current rate on my card is 7.99% (so not too terribly high) and I’m looking at $6,000 to possibly transfer ($4,000 of my current $10,000 debt I can pay off around Christmas). I’ve received TWO offers in the mail – both for 0% balance transfer for 12 months with a 3% upfront fee. I’m thinking GO FOR IT … right – transfer the full $6,000 debt?
I have a $4000 balance that I’m looking to transfer to a new credit card with a 0% introductory APR. It will take me a full 12 months to pay off the balance with a 0% APR. Would I be better off finding a card that has 0% for 12 months with a 5% transfer fee or a card that only offers the 0% for 6 months, then transfer the balance again to another 6 month deal?
Angie, from the deals I’ve seen, the 0% for 12 month deal would be better. The 6 month deals have 3% balance transfer fees, which would make the total fee 6% if you went with 2 6-month balance transfers.
Hi: I have a card with 7.9 APR with a balance of $21,000. I found a card that offers 0% apr on balances transfers for 12 months and a rate between 7.24-18.24 thereafter, with a balance transaction fee of 3% which will be $630.
Provided I get the credit limit high enough to enable me to transfer the whole balance, do you think is it worth the transfer with a fee of $630?
Thanks!
Tonie, I think it depends on the interest rate you get on the new card. I’m assuming you won’t have the $21k paid off in 12 months. Obviously if you do pay it off in 12 months, the 3% transfer fee would be better than your current 7.9%. However, the new card carries an 18.24% rate and it takes you several years to pay off the balance, you could end up being worse off than just sticking with your current card. You may want to apply for a balance transfer offer, wait and see what terms you get, and than decide on how much you want to transfer to the new card. You will need to make sure you can take advantage of the transfer offer AFTER you qualify for the card.
I have a Bank of America card with a 30% interest rate (nothing of my doing, went from 21-30% last year). I recently contacted Experian and had a previous collection removed, so my Experian credit score is now 645. What is your best advice for cutting my interest cost on this card? Allready contacted BOA several times to no avail for lowering %. Ideas? Thanks
Keith, the first thing is to keep improving your credit score. As your score goes up, BOA will be more likely to lower your interest rate. And if they don’t, you can always look to other cards to transfer the balance. Here’s an article on how to improve your score: How to Improve Your Credit Score | 11 Simple Steps. And at 645, you may be able to qualify for balance transfers at lower rates, but your goal should be to get your score at least into the 700s.
Paying off debt wih low-rate offers is not a good financial decision. What are the key points?
lupe, I’m not sure why you think paying off debt with low rate offers is a bad idea. It’s helped me save thousands in interest payment.
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