Best 0% Interest Balance Transfer Credit Cards

A 0% interest balance transfer credit card allows you to transfer high-interest debt from one card to another with no interest charged on the balance for a set promotional period. This can give you the breathing room you need to pay off your credit card debt without accumulating more interest.

Why Consider a 0% Interest Balance Transfer Card?

Using a 0% interest balance transfer card gives you a unique opportunity to pay off your debt faster. Instead of making payments that largely cover interest charges, your payments go directly to reducing your principal balance. Here’s why this is beneficial:

1. No Interest Payments: For the promotional period, you won’t have to worry about interest adding to your debt.
2. Focus on Debt Reduction: Every dollar you pay goes toward the balance, not interest.
3. Consolidate Multiple Debts: You can transfer several high-interest debts to one card and simplify your payments.

Best 0% Interest Balance Transfer Credit Cards in 2024

1. BankAmericard® Credit Card
   • Intro APR: 0% for 21 months on balance transfers.
   • Balance Transfer Fee: 3%.
   • Why It’s Great: One of the longest 0% APR offers available.
2. U.S. Bank Visa® Platinum Card
   • Intro APR: 0% for 20 months on balance transfers and purchases.
   • Balance Transfer Fee: 3%.
   • Why It’s Great: Ideal for those who want to use the card for both balance transfers and new purchases.
3. Discover it® Balance Transfer
   • Intro APR: 0% for 18 months on balance transfers.
   • Balance Transfer Fee: 3%.
   • Why It’s Great: Cashback rewards on purchases, plus a long 0% APR period.

Tips for Maximizing Your 0% Interest Balance Transfer Card

• Pay off the balance before the promotional period ends: Once the 0% APR period is over, the card’s regular APR will kick in, potentially negating your savings if you still have a significant balance.
• Watch for fees: A balance transfer fee of 3% to 5% may apply, so calculate whether the savings outweigh the cost of transferring.
• Transfer early: Some cards require you to transfer your balance within a specific timeframe (often 60 days) to qualify for the 0% APR.