If you’re carrying a balance on your credit card, you’re likely paying high-interest rates each month. Luckily, credit card companies offer balance transfer promotions to help you save money on interest. These promotions often come with a 0% APR (Annual Percentage Rate) for a limited time, allowing you to pay off your debt interest-free.
In this article, we’ll discuss seven credit card offers with 0% APR balance transfer and zero balance fees. We’ll cover the terms and conditions of each card and help you decide which one is right for you.
Chase Slate
Chase Slate is a great option for those looking to transfer their credit card balance to a card with 0% APR. With Chase Slate, you’ll get 0% APR on balance transfers for the first 15 months after opening your account. Additionally, there’s no balance transfer fee for the first 60 days after opening your account.
It’s important to note that after the 60-day period, there is a balance transfer fee of 5% of the amount transferred or $5, whichever is greater. If you’re able to pay off your balance within the 15-month promotional period, Chase Slate can be an excellent way to save money on interest and pay off your debt faster.
Citi Simplicity
Citi Simplicity is another excellent credit card with 0% APR balance transfer offers. With Citi Simplicity, you’ll get 0% APR on balance transfers for the first 18 months after opening your account. There is also no annual fee, late fees, or penalty APR with this card.
While there is a balance transfer fee of 5% of the amount transferred or $5, whichever is greater, this can be a great option if you need a longer promotional period to pay off your balance.
Bank of America Platinum Plus Mastercard
The Bank of America Platinum Plus Mastercard is an excellent choice for those looking for a credit card with 0% APR balance transfer offers. With this card, you’ll get 0% APR on balance transfers for the first 18 billing cycles after opening your account.
Additionally, there’s no balance transfer fee for transfers made within the first 60 days of account opening. After that, there is a balance transfer fee of 3% of the amount transferred or $10, whichever is greater.
Discover it Balance Transfer
The Discover it Balance Transfer card offers 0% APR on balance transfers for the first 18 months after opening your account. This card also has no annual fee and offers cashback rewards on purchases.
While there is a balance transfer fee of 3% of the amount transferred, this card is an excellent option if you’re looking for a card with rewards and a longer promotional period.
Wells Fargo Platinum Card
The Wells Fargo Platinum Card is another great option for those looking for 0% APR balance transfer offers. With this card, you’ll get 0% APR on balance transfers for the first 18 months after opening your account.
Additionally, there’s no annual fee, and there’s no balance transfer fee for transfers made within the first 120 days of account opening. After that, there is a balance transfer fee of 3% of the amount transferred or $5, whichever is greater.
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card is an excellent choice for those looking for a credit card with a longer promotional period and rewards. With this card, you’ll get 0% APR on balance transfers for the first 15 months after opening your account.
While there is a balance transfer fee of 3% of the amount transferred, this card also offers 1.5% cashback on all purchases, making it a great option for those looking for a balance transfer card that also earns rewards.
American Express EveryDay Credit Card
The American Express EveryDay Credit Card is a unique option for those looking for a 0% APR balance transfer offer. With this card, you’ll get 0% APR on balance transfers for the first 15 months after opening your account.
What sets this card apart is its rewards program. You can earn 2X points at US supermarkets (up to $6,000 per year in purchases, then 1X), 1X points on other purchases, and a 20% bonus on points earned when you make 20 or more purchases in a billing period.
While there is a balance transfer fee of 3% of the amount transferred, this card is a great option if you’re looking for a balance transfer card that also offers rewards.
Conclusion
If you’re carrying a balance on your credit card, a 0% APR balance transfer offer can be an excellent way to save money on interest and pay off your debt faster. These cards come with promotional periods ranging from 15 to 18 months and can save you hundreds or even thousands of dollars in interest charges.
When considering a balance transfer offer, be sure to read the terms and conditions carefully. While some cards offer no balance transfer fees or no annual fees, others may have fees associated with balance transfers.
Ultimately, the right card for you will depend on your unique financial situation and needs. Consider how long it will take you to pay off your balance and whether you want a card that offers rewards or other benefits.
By doing your research and choosing the right card, you can take control of your debt and save money on interest charges.
What is the best credit card with no interest?
The best credit card with no interest will depend on your specific needs and financial situation.
The best credit card with no interest is one that offers a 0% introductory APR (annual percentage rate) on purchases and/or balance transfers for a significant amount of time. This allows cardholders to make purchases or transfer balances without accruing interest charges during the promotional period. After the promotional period ends, the interest rate will typically revert to the regular APR, so it’s important to be aware of this and pay off any balances before that happens.
When choosing a credit card, be sure to read the terms and conditions carefully, and consider the interest rates, fees, rewards, and other factors that may affect your decision. Additionally, make sure to pay off your balance on time to avoid interest charges and penalties.
How can I get 0% APR on an existing credit card?
If you already have a credit card and want to get a 0% APR offer, you can contact your credit card issuer and inquire about any promotional balance transfer offers that may be available. Some issuers may offer a 0% APR on balance transfers for a limited time period, which can be a good way to consolidate high-interest debt from other credit cards. However, be sure to read the terms and conditions carefully, as there may be fees associated with balance transfers, and the 0% APR may only apply for a limited time before the regular interest rate kicks in. Additionally, keep in mind that applying for a balance transfer can affect your credit score, so be sure to consider this before making a decision.
Does not paying a 0% APR credit card hurt your credit score?
Yes, not paying a 0% APR credit card can hurt your credit score. While a 0% APR credit card may not charge you interest for a limited time period, it’s still important to make at least the minimum payment each month to avoid late fees and negative marks on your credit report. Late payments, even on 0% APR cards, can stay on your credit report for up to 7 years and have a significant negative impact on your credit score. Additionally, if you fail to pay off the balance before the end of the promotional period, you may be charged retroactive interest at the regular APR, which can result in significant debt and hurt your credit score. Therefore, it’s important to make payments on time and pay off the balance before the promotional period ends to maintain a good credit score.
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