Best Credit Cards for Balance Transfers with 0 Transfer Fee
Looking to consolidate your debt and save money on interest? A balance transfer credit card with a 0% introductory APR can be a great option. But with so many cards on the market, finding the best one for your needs can be overwhelming.
Here's a breakdown of some of the best credit cards with 0% balance transfer offers and no transfer fees:
Cards with 0% Intro APR and No Transfer Fee:
- Chase Freedom Unlimited: Offers a 0% introductory APR for 15 months on balance transfers, with no transfer fee. You'll need to be a Chase customer to qualify, but if you are, this card is a great option.
- Citi Simplicity® Card: Provides a 0% introductory APR for 21 months on balance transfers and no transfer fee. This card is a great choice if you need a long intro period to pay down your debt.
- Discover it® Balance Transfer: Offers a 0% introductory APR for 18 months on balance transfers and no transfer fee. This card also provides a cash back bonus on purchases made during the intro period.
- Blue Cash Preferred® Card from American Express: Provides a 0% introductory APR for 12 months on balance transfers, along with a no transfer fee. This card also earns reward points for groceries, gas, and online shopping.
- Capital One QuicksilverOne® Cash Rewards Credit Card: Offers a 0% introductory APR for 15 months on balance transfers, with no transfer fee. This card is a great choice if you're looking for a card that provides cash back rewards on all your purchases.
Things to Consider When Choosing a Balance Transfer Card:
- Introductory APR: Make sure to compare the introductory APR offered by each card.
- Balance Transfer Fee: While some cards offer no transfer fee, others may charge a percentage of the balance transferred.
- Regular APR: The APR that applies after the introductory period ends.
- Other Benefits: Consider the other benefits offered by the card, such as cash back rewards, travel points, or purchase protection.
- Credit Score: Make sure you meet the minimum credit score requirements for each card.
Tips for Using a Balance Transfer Card:
- Transfer your balance as soon as possible: Maximize the time you have at the 0% introductory APR.
- Make more than the minimum payment: Paying down more than the minimum will help you pay off your debt faster.
- Avoid new charges: Using your balance transfer card for new purchases will add to your debt and could negate the benefits of the 0% introductory APR.
By carefully comparing your options and using a balance transfer card wisely, you can save money on interest and get on track to becoming debt-free.
