0% Balance Transfer Credit Card Offers
Published 9/3/08 (Modified 11/21/13)
Updated List Of The Best 0% Balance Transfer Credit Cards Below
If you stumbled onto this page through Google or one of the popular search engines, then you're likely looking for a compilation list of the top recommended 0% introductory APR balance transfer credit cards. Well you've come to the right place then.
After performing quite a bit of reading, research, and comparison of credit card deals and promotional offers, the following categorized list contains what I believe to be all of the best balance transfer credit cards available. For those of you who track this sort of development, you may have noticed that the more lucrative 12 month 0% introductory APR no balance transfer fee offers have seemingly disappeared. Unfortunately, the balance transfer promotions out there seem to rise and fall with the credit market so as the credit market has tightened, so has the exclusive list of lucrative balance transfers. But given enough time, I'm confident the 12 month no balance transfer fee cards will return eventually. But for now at least, the following are the best deals currently available in the credit card market.
So What's The Point Of Using A Balance Transfer Credit Card Anyway?
For those not certain as to why 0% introductory APR balance transfer credit cards are so heavily sought after and used by credit card consumers, one only has to look at their versatility and multiple range of possible uses.
For those who are credit savvy and financially responsible, using a balance transfer is an excellent way to borrow interest free money for various financial planning purposes. One of the most common uses for balance transfers is to use low interest rate or 0% introductory APR balance transfer credit cards to pay off high interest credit card debt. Another common use for balance transfers that people like myself frequently use is to incorporate them as part of an emergency fund. Properly used, they can help carry the cardholder through difficult financial times when the cardholder is temporarily cash strapped and in immediate need of a temporary infusion of interest free money to pay off short term liabilities. On the other end are balance transfer arbitrage seekers who utilize 0% balance transfer cards to make money by obtaining interest free balance transfer funds and investing the money in a high yield savings account for credit card arbitrage profit.
Whatever goal the balance transfer applicant is looking to achieve, there is likely an appropriate offer out there for him or her. Just make sure you know what is a balance transfer and educate yourself on knowing how to make a balance transfer properly without committing a risky or costly financial mistake. Remember, 0% introductory APR balance transfers are powerful financial tools - meant to be used only by those who know how to handle the logistics of credit card debt management.
The credit cards listed below offer 0% introductory APR balance transfers, the longest term we found is for 18 months. Most balance transfer offers impose a balance transfer fee of 3 percent with a $5 minimum and some cap the fee at somewhere between $50-$100 (please read all terms and conditions carefully). For those looking to transfer a high credit card balance, having to pay a balance transfer fee is usually worth the price of getting a long term interest free credit card loan.
Without further ado, here is my list of the Best 0% Introductory APR Balance Transfer Credit Cards:
Citibank Credit Cards With 0% Introductory APR on Balance Transfers
- Citi Simplicity® Card - 18 months
- Citi® Diamond Preferred® Card - 18 months
- Citi® Dividend Platinum Select® Visa® Card - $100 Cash Back - 12 months
Discover Credit Cards With 0% Introductory APR on Balance Transfers
Chase Credit Cards With 0% Introductory APR on Balance Transfers
I will update the list as regularly as I can. Please let me know if there are additional balance transfer offers out there that I may be missing.