Best 0% Balance Transfer Credit Cards for 24 Months
Are you carrying high-interest debt on your credit cards? A 0% balance transfer credit card can help you save money on interest charges and pay off your debt faster. These cards offer a promotional period of 0% interest on balance transfers, giving you time to make significant progress on your debt without accruing interest.
Here are some of the best 0% balance transfer credit cards offering a promotional period of 24 months:
1. Chase Slate
- Introductory APR: 0% for 15 months on balance transfers, then the standard variable APR (currently 18.24% to 28.24% variable)
- Balance Transfer Fee: 5% of the amount transferred, with a minimum of $5
- Other Features:
- No annual fee
- Access to Chase's extensive ATM network
- Online and mobile banking tools
Pros:
- Long 0% introductory period for balance transfers
- No annual fee
- Offers Chase's reliable banking services
Cons:
- Relatively high balance transfer fee
- Standard APR is higher than some other cards
2. Citi Simplicity® Card
- Introductory APR: 0% for 21 months on balance transfers, then the standard variable APR (currently 19.24% to 29.24% variable)
- Balance Transfer Fee: 5% of the amount transferred, with a minimum of $5
- Other Features:
- No annual fee
- Access to Citi's global ATM network
- Online and mobile banking tools
Pros:
- Long 0% introductory period for balance transfers
- No annual fee
- Access to a global ATM network
Cons:
- Relatively high balance transfer fee
- Standard APR is higher than some other cards
3. Discover it® Balance Transfer
- Introductory APR: 0% for 18 months on balance transfers, then the standard variable APR (currently 15.99% to 26.99% variable)
- Balance Transfer Fee: None
- Other Features:
- No annual fee
- Cashback rewards on purchases
- 2% cashback on purchases in the first year, then 1% cashback on all other purchases
- Access to Discover's customer service network
Pros:
- Long 0% introductory period for balance transfers
- No balance transfer fee
- Cashback rewards on purchases
Cons:
- Standard APR is higher than some other cards
4. Capital One QuicksilverOne® Cash Rewards Credit Card
- Introductory APR: 0% for 15 months on balance transfers, then the standard variable APR (currently 26.99% variable)
- Balance Transfer Fee: 5% of the amount transferred, with a minimum of $5
- Other Features:
- No annual fee
- Unlimited 1.5% cash back on all purchases
- Access to Capital One's online and mobile banking tools
Pros:
- Long 0% introductory period for balance transfers
- No annual fee
- Cashback rewards on purchases
Cons:
- High standard APR
- High balance transfer fee
5. U.S. Bank Visa® Platinum Card
- Introductory APR: 0% for 20 months on balance transfers, then the standard variable APR (currently 16.99% to 27.99% variable)
- Balance Transfer Fee: 3% of the amount transferred, with a minimum of $5
- Other Features:
- No annual fee
- Access to U.S. Bank's ATM network
- Online and mobile banking tools
Pros:
- Long 0% introductory period for balance transfers
- No annual fee
- Relatively low balance transfer fee
Cons:
- Standard APR is higher than some other cards
Important Considerations:
- Transfer Fee: Compare the balance transfer fees to ensure you get the best deal.
- APR: After the introductory period, ensure you can handle the standard APR.
- Minimum Payment: Always make more than the minimum payment to pay off your debt faster.
- Credit Score: A good credit score will increase your chances of approval.
Before applying for a balance transfer credit card, carefully consider your financial situation and compare the features and benefits of each card. Choose the card that best suits your needs and helps you achieve your financial goals.
