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5 Finest Steadiness Switch Credit score Playing cards With 0% APR

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Disclosure by advertisers: This post contains references to offers from our partners. We receive compensation for clicking links on these products. However, the opinions expressed here are solely ours and at no time has the editorial content been provided, checked or approved by an issuer.

If you are looking for ways to reduce and ultimately eliminate high-yield credit card debt, you have several options.

You can drastically reduce your interest rate risk by not using credit cards at all or by paying off your credit card balance in full every month. You can look for low APR credit cards that won’t charge you as much to keep balances month to month. Or you are looking for credit cards with attractive special offers for account balance transfers or low APRs for account balance transfers.

The best credit transfer credit cards often have generous lead times of 0% APR that extend over 12 months. Many have attractive APRs for regular balance transfers that stay well below the balance transfer rates of other cards (and often below the APRs for your own purchase). Some also have low or nonexistent transfer fees.

If you intend to use a new credit card to transfer funds with or without interest, remember that your minimum monthly payment will always be used for these low or interest free funds. Unless the card has a special introductory purchase APR, you will incur interest charges on all purchases you make with that card unless you pay them off in full by the billing due date.

To avoid interest expense on transfer cards with low or no APR credit or no APR specials, you have two options: You can pay off all purchases in full each month and make the minimum monthly payment for transferred credit or you can forego all purchases. Otherwise, look for low or no APR transfer cards with identical APR purchase offers.

Also, pay special attention to:

    • The length of the promotional coupon periods on these cards (if applicable)
    • The APR after the promotion period ends
    • Any conditions or restrictions that reduce their attractiveness

Keep in mind that cards with great fund transfers often have drawbacks such as no sign-up bonuses and meager rewards. After all, you always undertake to repay the entire amount transferred by the end of the low or interest-free advertising period. Otherwise you will be affected by accrued interest.

Best balance transfer credit cards

These are the best credit transfer credit cards on the market right now. Check back regularly for the latest offers and updates.

1. US Bank Visa® Platinum Card

0% Intro Balance Transfer APR for 20 months

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The US Bank Visa® Platinum Card is a no-fuss credit card with a great credit transfer promotion: 0% APR for the first 20 months of card membership. To qualify, transfers must be made within 60 days of opening an account.

This card doesn’t have a lot of bells and whistles, but fringe benefits aren’t the main attraction here anyway. Two notable benefits are cell phone protection and a free credit score on request.

  • Sign up bonus: None.
  • Important fees: There is no annual fee. Balance transfers cost more than $ 5 or 3%. Foreign transaction fees range from 2% to 3% depending on what the transaction is.
  • Introductory APR: The APR period of 0% applies to purchases and balance transfers for 20 months from the opening of the account. After this period, the variable annual interest rate applies.
  • Other advantages: Earn additional auto coverage when you pay for your entire rental car with your US Bank Visa Platinum Card, plus up to $ 600 per incident cell phone protection (minus a $ 25 deductible) and free credit on request.

For more information, see our US Bank Visa Platinum review. Find out how to apply for this card here.

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2. Citi® Double Cash Card

0% Intro Balance Transfer APR for 18 months; 1% cash back on all purchases; 1% cash back on balance payments at or above the minimum

Citi Double Cash Card Art 12 4 19

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The Citi® Double Cash Card is a cashback credit card with a nice action for transferring funds: 0% APR for 18 months on all transfers initiated within four months (120 days) of opening an account.

With the Citi Double Cash Card, you get unlimited 1% cashback on all purchases and 1% cashback on all monthly payments, provided you make at least the minimum payment on time. When you put that together, you get an unlimited cashback rate of 2%. Once you have reached the $ 25 redemption minimum, you can redeem cash using a statement balance, check, or gift card.

  • Sign up bonus: None.
  • Important fees: There is no annual fee. The remaining transfer fee is $ 5 or 3%. Foreign transactions cost 3%.
  • Introductory APR: 0% APR on remaining transfers for 18 months. There is no corresponding purchase action. After the promotion period has expired, a variable regular annual interest rate applies.
  • Other advantages: Like other Citi cards, Double Cash offers Private Pass benefits (exclusive access to events and experiences).

Please see our Citi Double Cash Card Review for more information. Find out how to apply for this card here.

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3. Citi Diamond Preferred Card

0% Intro Balance Transfer APR for 18 months

Citi Diamond Preferred Card Art 4 16 20

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The Citi® Diamond Preferred® card is a simple product. The headline here is an 18 month promotion to transfer funds over 0% APR, which applies to funds transfers made within four months (120 days) of the account opening date. New cardholders also receive a 0% APR purchase rate for the same period.

Otherwise, this is a fairly low-key card, and its main attractions include Citi® Private Pass® perks (exclusive access to events and experiences).

  • Sign up bonus: None.
  • Important fees: There are no annual, late or foreign transaction fees. The remaining transfer fee is $ 5 or 3%.
  • Introductory APR: 0% on purchases and balance transfers for 18 months. After the promotion period has expired, a variable regular annual interest rate applies. Qualified transfers must be made within 120 days of opening the account.
  • Other advantages: In addition to the Private Pass, the Citi® Concierge connects you around the clock with experts who are able to create the perfect night (or day).

Please see our Citi Diamond Preferred Card Review for more information. Find out how to apply for this card Here.

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4. Citi Simplicity® card

0% Intro Balance Transfer APR for 18 months

Citi Simplicity Card Art 12 4 19

This offer is no longer available.

The Citi Simplicity® card is simple. Although it doesn’t offer a sign-up bonus or cashback rewards, it does offer one of the best special transfer deals in the business: 0% APR for 18 months from account opening. The absence of foreign transaction fees and late fees also helps.

The introductory rate applies to all credits that are transferred within four months (120 days) after the account is opened. After the promotion period has expired, the balance transfer APR increases to the variable regular APR range, which depends on the applicable interest rates and your creditworthiness. The remaining transfer fee is $ 5 or 3% of the amount transferred.

  • Sign up bonus: None.
  • Key fees: There are no annual, late or foreign transaction fees. The remaining transfer fee is $ 5 or 3%.
  • Introductory APR: 0% on purchases and balance transfers for 18 months, then variable regular APR applies.
  • Other advantages: This card offers some basic benefits, including 24-hour customer service and the ability to choose the due date for your payment.

For more information, please see our Citi Simplicity Card review.

5. Wells Fargo Platinum Visa® Credit Card

0% intro APR on balance transfers for 18 months

Wells Fargo Platinum Card Art 3 2 20

This offer is no longer available.

The Wells Fargo Platinum Visa® credit card’s 18-month 0% APR credit transfer promotion makes it one of the best cards in the business for high-yield credit card withdrawals. The corresponding 0% APR promotion on purchases is a huge benefit for cardholders who want to fund larger purchases over time without paying interest.

The lack of rewards and remittance fee waiver are not an issue, but those omissions only go so far as to dampen the appeal of the Wells Fargo Platinum Visa card.

  • Sign up bonus: None.
  • Introductory APR: Enjoy 0% APR on credit transfers for 18 months. There is no interest on purchases for 18 months from the opening of the account. Qualified transfers must be made within 120 days of opening the account. After the promotion period has expired, a variable regular annual interest rate applies.
  • Key fees: There is no annual fee. Balance transfers cost $ 5 or 3% of the transferred amount for the first 120 days, whichever is greater. Then the transfer fee increases to $ 5 or 5%. Foreign transactions cost 3%.
  • Other advantages: Enjoy on-demand access to your FICO® score through Wells Fargo Online and a range of free benefits backed by Visa, including a cell phone protection plan (up to $ 600 reimbursement per claim for stolen or damaged phones less a deductible of USD 25). , Car rental insurance when you pay in full with your card, and roadside shipping.

Please see our Wells Fargo Platinum Visa® Credit Card Review for more information.

Last word

Transferring high-yield credit card balances to low-yield credit cards is a worn-out way to make credit card debt management easier. However, it’s important not to over-invest in stocks – or any other method of reducing debt.

If you transfer a high-yield balance to a card with a temporary APR for promotional credit transfer and then don’t pay it back before interest rates rise, you are faced with yet another mountain of debt that is rapidly piling up interest. And if you made purchases with your credit transfer card during the APR introductory period, your credit may be higher than when you first opened your account.

If you are committed to reducing your debt and living as you can, make sure you have paid back all of your transferred funds before an introductory period ends. Also, avoid making large purchases with credit cards, which are primarily used for credit transfer purposes.

It’s even better if you block your credit transfer card for purchases and apply for a cashback card, gas credit card, or travel rewards credit card for ongoing expenses.

Note to Editors: The editorial content of this page is not provided by any bank, credit card company, airline or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these companies. The opinions expressed here are those of the author alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these companies.

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