Best 0 APR Balance Transfer Credit Cards: Reddit's Top Picks
Looking for a way to consolidate your high-interest debt and save money on interest charges? A 0% APR balance transfer credit card can be a lifesaver! But with so many options available, it can be overwhelming to find the best one for your needs. That's where Reddit comes in!
Reddit is a treasure trove of information, and its finance communities are full of users sharing their experiences and recommendations. We've scoured the web to bring you some of the top 0% APR balance transfer credit cards mentioned frequently on Reddit:
Reddit's Favorite 0% APR Balance Transfer Cards
**1. ** Citi® Double Cash Card: This card offers a generous 2% cash back on all purchases, including balance transfers. While it doesn't have an introductory 0% APR, you can still earn cash back on the transferred balance, which can offset some interest charges.
**2. ** Chase Freedom Unlimited®: Another popular choice, this card offers a flat 1.5% cash back on all purchases and can be paired with the Chase Freedom Flex® card for even greater rewards. While not a balance transfer card, the card can be used to pay down existing debt and earn cash back.
**3. ** Blue Cash Preferred® Card from American Express: This card boasts 6% cash back at US supermarkets (on up to $6,000 spent per year) and 3% cash back at US gas stations and select streaming services. It also offers 1% cash back on everything else, making it a solid option for daily spending.
**4. ** Capital One QuicksilverOne Cash Rewards Credit Card: This card is perfect for those looking for a card with a high cash back reward and a low APR. It offers 1.5% cash back on all purchases and has a competitive intro APR for balance transfers.
**5. ** Discover it® Cash Back: This card offers 5% cash back in rotating categories each quarter, and you can earn up to 1% cash back on all other purchases. The Discover it® Cash Back card also has a generous intro APR for balance transfers.
**6. ** Citi® Simplicity® Card: This card is known for its simple features, including 0% APR for balance transfers and no annual fee. It also offers a competitive APR for purchases.
Things to Consider Before Choosing a Balance Transfer Card
- Balance transfer fee: Most cards charge a fee for transferring a balance, so factor this cost into your decision.
- Intro APR period: The 0% APR period can vary, so make sure you have enough time to pay down your balance before the interest rate kicks in.
- Minimum payments: Keep an eye on the minimum payment required each month, and make sure you can afford it.
- Credit score requirements: Some cards have higher credit score requirements than others, so make sure you qualify.
- Other perks: Some cards offer bonus rewards, such as cash back, travel miles, or points. Consider what perks are most valuable to you.
Remember to Read the Fine Print
Before applying for any balance transfer card, be sure to read the terms and conditions carefully. Pay attention to the fees, the intro APR period, and the minimum payment requirements. You should also be aware of any other restrictions or limitations that may apply.
By carefully considering your options and reading the fine print, you can find the best 0% APR balance transfer card to help you get your debt under control and save money on interest charges.
