Best 0% Balance Transfer Credit Cards

By Kevin / January 6, 2017
balance zero percent apr transfer offers

Whether you are looking for a new balance transfer card, or want to know the basics, this article is right for you.

Balance transfer credit cards have become increasingly popular over the last few years due to the fact that they can be a great way to reduce your credit card debt if used correctly.

The idea behind using a 0% balance transfer credit card is pretty simple. You can transfer your balance of an existing credit card to a balance transfer card and go interest free on that balance for up to 12 months [Editor's Note: sometimes longer!].

This works especially well if you have thousands of dollars in debt on a card, and are paying hundreds on interest every month, if you transfer the balance to a 0% balance transfer card there will be no new interest on your balance for up to 12 months. And this works for any amount, since anything you save in interest is going to help you to pay down the principle.


Looking to finance a new purchase with an introductory 0% APR offer? Click here!


How Do I Get Started?

There are quite a few balance transfer credit cards out there, so to get started it's important to find the right card. Below we have selected our top choices for this month. They are cards that have a 0% APR on balance transfers for at least 6 months, and a low transfer fee. Once you find a card that works for you, apply and once your new account is opened then you will be able to do a balance transfer.

To increase your chance of being accepted for a balance transfer credit card DO NOT choose to do a balance transfer when you first apply for the card. Most card companies will give you up to 2 months to transfer your existing balances over after the new account is opened.

Balance Transfer Fees

One Note Before You Proceed: Most cards will charge a balance transfer fee equal to 3% of the transferred amount, even when offering an introductory zero percent financing period.

But we did find a couple transfer offers that come without that fee!​

If you are looking at a card not on our list and it has a 5% transfer fee, our advice is to run away.​

Top No Fee Balance Transfer Offers

Barclaycard Ring™ Mastercard®

Low Interest Rate Barclaycard Ring MasterCard Review

CreditShout Rating:

Annual Fee: $0

Credit Required: Excellent

In-Depth Review

Program Highlights*:
  • 0% Introductory APR for the first 15 months on purchases. Plus, you'll get a 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 13.74%
  • No balance transfer fees
  • No foreign transaction fees
  • Chip technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
  • Free online access to FICO® Credit Score

The Barclaycard Ring™ Mastercard® offers a 15-month zero percent introductory APR on new purchases and balance transfers made within 45 days of account opening. And there are no fees on the balance transfers.

On top of that, it offers a very low regular 13.74% variable APR at the expiration of that introductory period. 

For anyone looking to save money of fees and interest charges, the Barclaycard Ring™ Mastercard® is a fantastic option.

If you transfer a balance of $8,000 with a current interest rate of 15%, you will save a whopping $1,500 in interest and avoid a balance transfer fee . You can pay the balance off completely and avoid any new interest charges by paying at least $533 per month.

Chase Slate

no balance transfer fee card

CreditShout Rating

In-Depth Review

Program Highlights:
  • 0% intro APR for 15 months on balance transfers and purchases
  • $0 balance transfer fee during the first 60 days
  • No Penalty APR - Paying late won't raise your interest rate (APR). (All other account pricing and terms apply)
  • Standard variable APR of 12.99%, 17.99%, or 22.99%
  • No annual fee
  • No rewards program

The Chase Slate card is another card that waives the balance transfer fee on initial balance transfers. This can potentially save you hundreds.

And that 0% intro APR lasts a full 15 months on purchases and balance transfers.

The Slate card offers some other benefits to help you save while paying off a balance transfer: no annual fee; free monthly FICO scores; and no penalty APR.

Long Duration Balance Transfer Offers

Citi Double Cash Card

15 month introductory financing offer

CreditShout Rating

In-Depth Review

Program Highlights:
  • 0% intro APR for 18 months on balance transfers and purchases
  • Standard variable APR of 13.24% - 23.24%
  • Balance transfer fee of 3% or $5 (whichever is greater)
  • No annual fee
  • Up to 2% cash back on all purchases: Earns unlimited 1% cash back when you buy; plus an additional 1% cash back as you pay for those purchases*

The Citi Double Cash card is a no fee rewards card with a great 0% interest offer on purchases and balance transfers. The card has no annual fee, but you do need to pay a balance transfer fee of 3%.

If you can use the card responsibly without falling back into credit card debt, the rewards program is also impressive. The Double Cash card earns an unlimited 1% cash back on all purchases plus an extra 1% back as you pay off your purchases in full or over time. The Double Cash card can be a good way to motivate yourself to pay off your balances because it rewards you not just for spending but for paying your bill.

If you transfer a balance of $8,000 with a 15% interest rate to the Citi Double Cash card, you can save $1,500 in interest charges. You will need to pay the balance transfer fee of $240 but you can pay off the balance and the transfer fee, and avoid any new interest charges, by paying at least $549 per month.

Barclaycard Arrival Plus™ World Elite MasterCard®

Barclaycard Arrival Plus World Elite MasterCard Review

CreditShout Rating

In-Depth Review

Program Highlights:
  • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit
  • Earn 2X miles on all purchases
  • Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.74%, 20.74% or 23.74%, based on your creditworthiness. Please note, there is a fee for balance transfers
  • $89 Annual Fee is waived the first year.

If our top recommended card of 2017 has a balance transfer offer, we need to include it on this list. So you can earn the most rewards points and save on existing balances. 

You should be aware that Arrival Plus card comes with a transfer fee of 3%.

If you transfer a balance of $8,000 with a 15% interest rate to the Barclaycard Arrival Plus World Elite card, you can save $1,200 in interest charges. You will need to pay the balance transfer fee of $240. But you can pay off the balance and the transfer fee, and avoid any new interest charges, by paying at least $686 per month.

Citi® Diamond Preferred® Card

citi simplicity credit card review

CreditShout Rating

In Depth Review

Program Highlights:
  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • 24/7 access to Citi® Concierge for help in booking hotels, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee
  • Free access to FICO® Scores
  • 0% intro APR for 21 months on balance transfers and purchases
  • Balance transfer fee of 3% or $5 (whichever is greater)

​The Diamond Preferred card is hard to beat if you want to pay off credit card debt or finance a big purchase thanks to its 21 month introductory interest free offer. So don't let its lack of a rewards program get in your way.

If you transfer a balance of $8,000 with a current rate of 15%, you can save $2,100 in interest charges. The card does have a balance transfer fee of 3% which comes out to $240 on $8,000. You can pay off the balance in full (including the transfer fee) without interest charges by paying at least $392 per month.

Additional Balance Transfer Resources

Having a tough time deciding which Balance Transfer card is right for you? Below are some additional resources that should help you to understand exactly what you should be looking for when choosing a card that is good for Balance Transfers.

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