Compare 0% APR Balance Transfer Credit Cards

Many credit card companies offer 0% APR on balance transfers for new credit card accounts. If you can find a credit card company that offers a 0% rate on balance transfers, you may be able to save yourself money in the long run.

Balance transfer credit cards aren't a specific type of credit card; instead, they are a credit card designed for balance transfers with 0% interest rates on the transferred balance. A balance transfer allows you to transfer credit card balance from one card to another in order to pay a lower interest rate on the new card. Compare balance transfer credit cards below.

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    Your Average Savings

    Year One Year Two Year Three Total
    Interest Savings on Balance Transfers ? $900.00 $489.52 $405.45 $1,794.97
    * For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Interest Savings on Balance for New Purchases ? $1,200.00 $650.50 $540.60 $2,391.10
    * For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Reward Points ? $86.40 $86.40 $86.40 $259.20
    * This card offers 5% cash back ($.05) on up to $1,500 spent in rotating categories that change each quarter. We assume cardholders spend 35% of their total purchase balance on these 5% cash back options. We then assume that consumers earn 1% cash back on the remaining 65% of their monthly purchase balance.
    Anniversary Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    One Time Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    Balance Transfer Cost ? -$135.00 -$0.00 -$0.00 -$135.00
    * For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
    Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
    * Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
    Totals $2,051.40 $1,226.42 $1,032.45 $4,310.27
    * Credit card savings displayed are based on estimates as calculated by MyRatePlan, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

    Discover it® Summary

    • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*

    • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*

    • Human. 100% U.S.-based customer service available any time.

    • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.

    • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*

    • 0% Intro APR* on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.

    • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.

    MyRatePlan's Expert Rating & Review

    Discover it® review written by and updated on .

    Expert Rating: 4.90 / 5 stars

    4.9
    • Pros:

      This card does not charge most fees that other cards charge which include: foreign transaction fees, late fees on the first late payment, and annual fee. In addition, Discover will not increase the cardholders APR if they pay late. The card also offers a great cash back bonus program with 5% cash back in rotating categories, as well as 1% cash back on all other purchases. Lastly, the introductory 0% APR period on both purchases and balance transfers is generous.

    • Cons:

      None

    • Our Final Take:

      The Discover it Card is one of the best credit cards available, and one of the highest rated cards at MyRatePlan. You'd be hard-pressed to find another comparable cash back credit card for people with good credit or better.

    Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

    User Reviews for Discover it®

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    Your Average Savings

    Year One Year Two Year Three Total
    Interest Savings on Balance Transfers ? $900.00 $607.73 $315.45 $1,823.18
    * For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Interest Savings on Balance for New Purchases ? $1,200.00 $810.30 $420.60 $2,430.90
    * For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Anniversary Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    One Time Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    Balance Transfer Cost ? -$135.00 -$0.00 -$0.00 -$135.00
    * For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
    Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
    * Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
    Totals $1,965.00 $1,418.03 $736.05 $4,119.08
    * Credit card savings displayed are based on estimates as calculated by MyRatePlan, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

    Citi Simplicity® Card Summary

    • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.

    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

    • No late fees - Ever

    • No penalty rate - Ever

    • No annual fee - Ever

    • Save time when you call with fast, personal help, 24 hours a day.

    MyRatePlan's Expert Rating & Review

    Citi Simplicity® Card review written by and updated on .

    Expert Rating: 4.85 / 5 stars

    4.85
    • Pros:

      As the name of the card suggests, the Citi Simplicity® Card is one of the easiest cards to own because there are no hidden surprises. The card also features one of the longest introductory periods for BOTH purchases and balance transfers out of any of the credit cards currently available. Lastly, the card does not charge an annual fee, late fees, or penalty rates.

    • Cons:

      No rewards offered (although the long 18-month 0% intro period on both balance transfers and purchases could be considered a reward based on how much you would save on interest)

    • Our Final Take:

      There's no rewards program offered, but the card is a great choice for people looking to pay no interest for 18 months on both purchases and balance transfers. The card charges no annual fee, late fees, or penalty rates, which is a pretty sweet deal if you ask us.

    Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

    User Reviews for Citi Simplicity® Card

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    Your Average Savings

    Year One Year Two Year Three Total
    Interest Savings on Balance Transfers ? $900.00 $607.73 $315.45 $1,823.18
    * For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Interest Savings on Balance for New Purchases ? $1,200.00 $810.30 $420.60 $2,430.90
    * For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Anniversary Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    One Time Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    Balance Transfer Cost ? -$135.00 -$0.00 -$0.00 -$135.00
    * For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
    Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
    * Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
    Totals $1,965.00 $1,418.03 $736.05 $4,119.08
    * Credit card savings displayed are based on estimates as calculated by MyRatePlan, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

    Citi Simplicity® Card Summary

    • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.

    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

    • No late fees - Ever

    • No penalty rate - Ever

    • No annual fee - Ever

    • Save time when you call with fast, personal help, 24 hours a day.

    MyRatePlan's Expert Rating & Review

    Citi Simplicity® Card review written by and updated on .

    Expert Rating: 4.85 / 5 stars

    4.85
    • Pros:

      The Citi Simplicity® Card card features one of the longest introductory periods on the market for BOTH purchases and balance transfers. The card also does not charge an annual fee, late fees, or penalty rates.

    • Cons:

      The card doesn't offer any sort of rewards program.

    • Our Final Take:

      There's no rewards program offered by the Citi Simplicity® Card, but the card is a great choice for people looking to pay no interest for 18 months on both purchases and balance transfers. In addition, the fact that the card charges no annual fee, late fees, or penalty rates is a pretty solid deal.

    Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

    User Reviews for Citi Simplicity® Card

    Discover it® - 18 Month Balance Transfer

    Expert Rating: 4.80 / 5 stars -
    4.8
    1
    • Intro APR

      0%
      6 months
    • Regular APR

      10.99% - 22.99% Variable*
    • Balance Transfer

      0%
      18 months
    • Average Savings

      $1,721.70 Over 1 year view details
    Show More Info
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    Your Average Savings

    Year One Year Two Year Three Total
    Interest Savings on Balance Transfers ? $900.00 $652.73 $405.45 $1,958.18
    * For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Interest Savings on Balance for New Purchases ? $870.30 $540.60 $540.60 $1,951.50
    * For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Reward Points ? $86.40 $86.40 $86.40 $259.20
    * This card offers 5% cash back ($.05) on up to $1,500 spent in rotating categories that change each quarter. Creditnet assumes cardholders spend 35% of their total purchase balance on these 5% cash back options. Creditnet then assumes that consumers earn 1% cash back on the remaining 65% of their monthly purchase balance.
    Anniversary Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    One Time Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    Balance Transfer Cost ? -$135.00 -$0.00 -$0.00 -$135.00
    * For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
    Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
    * Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
    Totals $1,721.70 $1,279.73 $1,032.45 $4,033.88
    * Credit card savings displayed are based on estimates as calculated by MyRatePlan, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

    Discover it® - 18 Month Balance Transfer Summary

    • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*

    • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*

    • Human. 100% U.S.-based customer service available any time.

    • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.

    • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*

    • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.

    • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.

    • * Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.

    MyRatePlan's Expert Rating & Review

    Discover it® - 18 Month Balance Transfer review written by and updated on .

    Expert Rating: 4.80 / 5 stars

    4.8
    • Pros:

      The 0% introductory APR period on balance transfers is one of the longest you can find on any card on the market. This card also does not charge most fees that other cards charge which include: foreign transaction fees, late fees on the first late payment, and annual fee. In addition, Discover will not increase the cardholders APR if they pay late. The card also offers a great cash back bonus program with 5% cash back in rotating categories, as well as 1% cash back on all other purchases.

    • Cons:

      We can't find any.

    • Our Final Take:

      The Discover it Card is one of the best balance transfer credit cards available. In addition, it'd be tough to find another cash back credit card for people with good credit or better with as long of a 0% introductory APR period on balance transfers.

    Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

    User Reviews for Discover it® - 18 Month Balance Transfer

    • Intro APR

      0%
      12 months*
    • Regular APR

      12.99% - 22.99%* (Variable)
    • Balance Transfer

      0%
      12 months*
    • Average Savings

      $2,013.60 Over 1 year view details
    Show More Info
    x

    Your Average Savings

    Year One Year Two Year Three Total
    Interest Savings on Balance Transfers ? $900.00 $315.45 $315.45 $1,530.90
    * For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Interest Savings on Balance for New Purchases ? $1,200.00 $420.60 $420.60 $2,041.20
    * For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.
    Reward Points ? $48.60 $48.60 $48.60 $145.80
    * We assumes that 35% of purchases made with this card are on dining and entertainment. These premium purchases are worth 2 points estimated at $.02 per dollar. We then assume that the remaining 65% of purchases qualify for the standard one point per $1 spent ($.01).
    Anniversary Bonus ? $0.00 $0.00 $0.00 $0.00
    *
    One Time Bonus ? $0.00 $0.00 $0.00 $0.00
    * Cardholders earn 20,000 bonus ThankYou Points after spending $1,500 in purchases in the first 3 months of account opening.
    Balance Transfer Cost ? -$135.00 -$0.00 -$0.00 -$135.00
    * For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".
    Annual Fee ? -$0.00 -$0.00 -$0.00 -$0.00
    * Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.
    Totals $2,013.60 $784.65 $784.65 $3,582.90
    * Credit card savings displayed are based on estimates as calculated by MyRatePlan, are not endorsed by any credit card issuer, and are for comparison purposes only. Savings vary based upon individual factors such as spending & payment habits and how long you expect to maintain the card.

    Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points Summary

    • Earn 20,000 bonus ThankYou® Points after $1,500 in card purchases within 3 months of account opening – redeemable for $200 in gift cards or other great rewards!

    • 0% intro APR on Balance Transfers and Purchases for 12 months. After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness*

    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.*

    • 2 ThankYou Points per dollar spent on dining at restaurants and entertainment. 1 ThankYou Point on other purchases

    • Points do not expire and earn unlimited Thank You Points

    • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more

    • Travel with ease and enjoy global acceptance with Chip Technology

    • No annual fee*

    MyRatePlan's Expert Rating & Review

    Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points review written by and updated on .

    Expert Rating: 4.75 / 5 stars

    4.75
    Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

    User Reviews for Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points

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    How does a balance transfer credit card work?

    If your current credit card has a very high APR (annual percentage rate; the annual interest rate on an outstanding balance), then you may find that your credit card increases quickly.

    An average APR is around 15%. If you have a 15% APR and $1000 of outstanding debt, you will owe your credit card company at least $150 in interest at the end of the year. If you paid nothing and were charged no penalties or fees for late payments, you total debt would be $1150.

    You can end up accumulating a lot of extra debt because of a high APR. If you think your APR is too high - or you want some time to repay your debts without paying interest - consider a balance transfer.

    Balance transfer credit cards offer low introductory rates on balance transfers to encourage people to switch credit card services.

    You sign up for a new credit card with that company, and the balance from your old card is absorbed into the balance for your new card. You usually also get a grace period of 0% APR for your balance transfer, meaning that you will have a certain amount of time in which your transferred balance won’t collect interest. Sometimes, this can be as long as one year!

    Depending on the size of your transferred balance, you may be able to pay down your debt during the grace period. At the very least, you will likely be able to decrease the size of the debt before you’re obligated to repay interest.

    Your credit card charges you interest only on outstanding balances (basically, the amount of money that remains on your credit card from month to month), so a great way to avoid interest payments with a credit card is to pay down your balance to 0 at the end of the month.

    Consolidating your debt with balance transfers

    Balance transfers are often used to consolidate credit card debt onto one card. This can be a good or bad thing.

    A balance transfer to consolidate your debt is good if you have:

    • A 0% balance transfer fee
    • 0% APR grace period
    • Ability to repay your debt within the grace period

    If you cannot repay your debt during the grace period, you should consider other alternatives for debt consolidation. Credit cards do not offer low APRs compared to personal loans or other debt consolidation methods. Furthermore, consolidating your debt onto a different credit card may enable you to get into debt again, by clearing the balance on your old credit cards. Be careful and consider all your alternatives while dealing with debt. You can calculate how much you would save with a balance transfer using MyRatePlan's balance transfer calculator.

    0% Balance Transfer Credit Cards

    Lots of credit card companies will offer low or 0% balance transfer credit card rates to encourage new customers to choose their service. When you pick a 0% balance transfer credit card, you should be careful to consider the following points:

    • 0% APR grace period: How long is the grace period? A standard grace period lasts from 6 months to 18 months.
    • Introductory APR: There are lots of companies that will offer 0% balance transfer credit cards, so don’t pay more than you have to. Afterall, the point here is to lower your debt as much as possible.
    • The real APR: How much will the APR be after the introductory period? You don’t want to sign up for a card that will end up costing you more than your current card costs you now.
    • Transfer fees: Lots of banks will charge you a transfer fee when you sign up. Usually this is a percentage of  your balance. Most fees are capped at about 3%. However, 0% balance transfer credit cards should not charge you this fee.