Credit card debt can be a tough financial hole to climb out of. With high interest rates, bank fees, and never ending payments, your balance might never decrease. If that’s the case for you, it might be time to try transferring your debt to another credit card. Banks provide balance transfers to help customers move their existing credit card debt onto another card. These cards typically have lower interest rates for introductory periods, and they can make it possible to consolidate your balances and pay down debt faster.
It’s important to look for a balance transfer credit card with a lower annual percentage rate (APR) than your current credit card. Even better, it’s good to find an APR at zero percent. There are plenty of bank cards that provide introductory offers with zero percent APR for an extended period of time.
Here are five balance transfer credit cards offering zero percent APR.
1. American Express Blue Cash Everyday Card
Highlights:
- Zero percent APR for 15 months
- No annual fee
- Earn cash back
The American Express Blue Cash Everyday Card gives you more than just low APR for 15 months. You also have the opportunity to earn cashback on everyday purchases. Earn three percent back on all U.S. supermarkets, two percent cash back at gas stations and select departments stores, and one percent cash back on everything else.
You don’t have to worry about paying APR on purchases and balance transfers for 15 months after opening an account. After this timeframe, a variable APR of 12.99 to 23.99 percent will be required. Right now, American Express has a special offer for new cardholders. By spending $1,000 in purchases within three months, you will receive $200 back.
2. Chase Slate
Highlights:
- Zero percent APR for 15 months
- APR offer applies to new purchases
- Free transfers
Those with good credit who are looking for a balance transfer credit card should check out Chase Slate. This card has an introductory offer of zero percent APR that lasts for 15 months. You can also avoid the transfer fee by completing the transaction within 60 days of opening the account. A regular APR of 14.99 to 23.74 percent will apply after the first 15 months.
With Chase Slate, there is no annual fee. And if you decide to use this card for spending, the 15 month period of no APR will apply to your new purchases. There is also no penalty for paying late, and Chase will not raise your interest rate.
3. Citi Diamond Preferred Card
Highlights:
- Zero percent APR on balance transfers for 21 months
- Zero percent APR on purchases for 12 months
- Access to Citi Entertainment perks
With the Citi Diamond Preferred Card, you can get one of the longest-lasting zero percent APRs as a new customer. The introductory offer grants you zero percent APR on balance transfers for 21 months. You also don’t have to pay APR on purchases for one year. Afterwards, you’ll pay 13.74 to 23.74 percent APR on both depending on your credit status.
There is no annual fee to use this card. Those interested in live events and dining experiences can take advantage of Citi Entertainment perks. It gives Citi customers access to special access to thousands of events, pre-sale tickets and exclusive experiences.
4. Wells Fargo Platinum Card
Highlights:
- Zero percent APR for 18 months
- No annual fee
- Access to your FICO Credit Score with Wells Fargo Online
The Wells Fargo Platinum Card helps customers pay down balances and large ticket items over time. The card offers an introductory period of zero percent APR for 18 months on purchases and balance transfers. After the introductory period expires, you’ll be charged an APR of 15.49 to 24.99 percent.
Signing with Wells Fargo comes with other perks you can use for everyday life. Some of these features include auto rental collision damage waiver, roadside dispatch, travel accident insurance and more. Plus, you can link your credit card to an existing Wells Fargo checking account for overdraft protection.
5. U.S. Bank Visa Platinum Card
Highlights:
- Zero percent APR for first 20 billing cycles
- No annual fee
- Pick your payment date
NerdWallet awarded the U.S. Bank Visa Platinum Card the best zero percent introductory APR credit card for 2020. You’ll pay an APR of zero percent for your first 20 billing cycles. Afterwards, it will be 13.99 to 23.99 percent depending on your creditworthiness.
There’s some helpful benefits to this low APR balance transfer card, such as the free TransUnion Credit Score you can receive at no cost. They will email you when there are any major changes to your credit report so you can stay in the know of your credit standing. You can also pick your payment due date and use the AutoPay feature to make sure you never miss a payment.
Compare Your Balance Transfer Credit Card Options Online
If you’re trying to get a hold on your credit card debt, switching your balance to a card with zero percent APR is a good option. You will pay less money than you would if you didn’t transfer your current balance, and these five introductory credit card offers each last for at least one year.
Compare your options to see which balance transfer credit card is best for you. Make sure to read up on what your APR will be after the introductory offer expires to see how much you will eventually start paying. Check out the perks and benefits a bank might offer related to travel, entertainment, cash back and more to get the most out of your new card.