Best Zero-Interest Balance Transfer Credit Cards
Discover the top credit cards offering zero-interest balance transfers. Save money without paying interest on your credits and move the credit card debt.
by S Samayanka
Updated Apr 08, 2024
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Best Zero-Interest Balance Transfer Credit Cards
Zero-interest balance transfer credit cards are just like regular credit cards, but there exists a special benefit where the interest rate is 0% for a limited period on transferred balances.
You can move the credit card debt from a card with a high interest rate to this new card and avoid paying interest for a while, mostly from 6 to 21 months.
Types of Zero-Interest Balance Transfer Credit Cards
Credit Card |
IntroAP |
Balance Transfer Term |
Balance Transfer Fee |
Regular APR |
|
U.S. Bank Visa Platinum Card |
Extended 0% |
21 months |
3% |
18.74%–29.74% |
|
Citi Simplicity Credit Card |
21-month 0% |
21 months |
3% |
19.24%-29.99% |
|
Citi Double Cash Credit Card |
$200 cash back after $1,500 spent |
18 months |
3% |
19.24%-29.24% |
|
BankAmericard |
Extended 0% |
18 months |
3% |
16.24%-26.24% |
|
Chase Freedom Flex Credit Card |
$200 cash bonus after $500 spend |
15 months |
3% |
20.49%–29.24% Variable |
|
Chase Freedom Unlimited Credit Card |
An additional 1.5% on up to $20,000 spent in the first year |
15 months |
$5 or 3% (whichever is greater) |
20.49%–29.24% Variable |
|
Amex EveryDay Credit Card |
10,000 Membership Rewards points after $1,000 spend |
15 months |
3% |
18.24%–29.24% |
|
Bank of America Customized Cash Rewards |
$200 after $1,000 spent |
15 months |
3% |
18.24%–28.24% |
|
Bank of America Unlimited Cash Rewards |
$200 online cash rewards welcome bonus after $1,000 spend |
15 months |
3% |
18.24%–28.24% |
How to Transfer Balance from One Credit Card to Another?
Follow these steps to transfer the balance from one credit card to another:
- Find a new credit card with less interest that is lower than your existing card.
- The card should have a 0% annual percentage rate on balance transfers
- Apply for the new card and wait until it gets approved.
- Give your old card details and the amount you wish to transfer to the new card.
- You may transfer the credit limit on your new card, but not the total amount of outstanding credit.
- The credit card issuer will ask you to submit some documents.
- The new card will offer a lower interest rate for a limited time.
Benefits of Credit Card Balance Transfer
Benefits |
Description |
|
Less Financial Stress |
Balance transfer credit cards have much lower interest rates when compared to regular cards. |
|
Improved Credit Score |
As the interest rates are lower, you can pay the bills on time. This can help improve your credit score. |
|
Interest-Free Period |
After transferring your balance, you will get some time without interest charges on new purchases. |
|
Other Benefits |
Some credit card companies offer extra perks, like special rates or longer periods without interest charges, to gain customers. |
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Best Zero-Interest Balance Transfer Credit Cards - FAQs
1. What is a zero-interest balance transfer credit card?
It is a credit card that lets you move debt from another card, and you need not pay interest for a while.
2. How do I transfer my balance to the new card?
You will provide your old card details to the new card issuer and specify the amount you want to transfer.
3. What are the benefits of a balance transfer card?
Lower interest rates, potential credit score improvement, and an interest-free period on new purchases.
4. What documents might I need to submit for the transfer?
It varies but might include recent statements from your old card.
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