This post may contain affiliate links. For more information please read the disclaimer.

Right now I’m kind of torn, I don’t want this to be a financial blog where I’m spamming credit cards or other financial institutions all the time. However, I do want to provide actionable insights that involve you to follow-through and improve your situation. So I think only mentioning financial products with respect to the context makes the most sense.

As a matter of fact, balance transfers are the most broken benefit of credit cards. I do plan to write a lot about balance transfers as they are the most flexible solution with the right framework in mind.  Often this requires good financial knowledge and along with having good credit.

Most credit cards do offer balance transfers but they often come with 5% fees and you will be charged interest right away. Those are the credit cards you should avoid.

On the flipside, there are several credit cards that offer No fee and 0% intro APR for months.  This means that you can utilize credit cards to pay off bills, loans, and other miscellaneous debts.

While stocks/bonds/savings accounts can offer slightly risky returns of 3-10%. You can flat out eliminate high APR loans and credit cards (10-30% interest). I’ll be creating a guide to credit to help prep yourself to take advantage in the near future. But if you do have decent-to-good credit, these no fee & 0% APR balance transfer credit cards provide the biggest value in your pockets.

NOTE: Using these value balance transfer credit cards has saved me thousands of dollars in interest from various types of loans, and was a key component in paying off my student loans.

Top 0% APR No/Low Fee Balance Transfer Credit Cards for 12+ Months

1. Chase Slate – Intro 0% APR for 15 Months + $0 Balance Transfer Fees

Chase Slate is probably the most heralded credit card that is used for balance transfers. The biggest benefit of chase slate is that it is the most lenient credit card to get approval for. You don’t need to have the best credit. I’ve seen people get this credit card with a credit score in the 600’s get a sizable credit limit.

I haven’t used this credit card, the reason being is that I plan to use it as last resort if I ever need to transfer funds with 0% interest and my credit happens to hit the crapper. This is a great credit card if you are using balance transfers for the first time, or if you realize that your interest rates are so high that you need to stop the bleeding.

The Details

  • $0 in balance transfer fees for transfers made within 60 days of account opening.
  • 0% APR on purchases or balance transfers for 15 months. After 15 months there is an ongoing APR of 16.49% – 25.24%.
  • $0 Annual Fee
  • With your chase account, you can check your FICO score for free
  • MY TIP: Do a balance transfer and cut your credit card to prevent additional spend.

2. Amex EveryDay® Credit Card – Introductory 0% APR for 15 Months, $0 Balance Transfer Fee

The Amex EveryDay Credit card is a relatively new offer that has been gaining popularity over the last few months. Unlike Chase’s Slate card, they provide rewards for day to day spend. 2x points at US supermarkets and 1% rewards on all other purchases.

Personally, while this sounds enticing, I discourage the use of making purchases on cards that are strictly used for balance transfers (until they are paid in full).

I have this card, but I’ve had it for many years prior to this offer. So while I don’t qualify for the BT, it doesn’t mean you shouldn’t take advantage of this offer.

The Details

  • $0 in balance transfer fees for transfers made within 60 days of account opening.
  • 0% APR on purchases or balance transfers for 15 months. After 15 months there is an ongoing APR of 14.49% – 25.49%.
  • $0 annual fee.
  • Bonus points for spend – Note: You do not get bonus points for your balance transfer.

3. Alliant Credit Union Credit Card – Introductory 0% APR for 12 Months, $0 Balance Transfer Fee

While this credit card is from a credit union, this is one of my favorite financial establishments that offer great customer service along with this great offer. I initially got this credit card because I wanted to not pay interest on a student loan that was about a few grand. I’m pretty happy overall with them.

That said, you don’t need to be a member of this credit union to apply to see if you qualify for the 0% intro APR deal. Keep in mind, bot everyone is guaranteed to get the 0% APR (especially if your credit isn’t that great) so be sure to read the terms and follow up with a customer rep.

The Details

  • $0 in balance transfer fees for transfers made within 60 days of account opening.
  • 0% APR on purchases or balance transfers for 12 months. After 12 months there is an ongoing APR of 10.74%–24.74%, depending on the card you pick.
  • If you have low or okay credit, you might run the risk of not getting the 0% APR deal
  • $0 annual fee.

More Specifics

To get started, go to Alliants website and pick “Apply as a new member”. Assuming you are approved, you can then finish signing up with them to create your account.

I had to verify my income and speak to a rep that was very friendly and assisted me in creating the account. Some places say you have to donate $10 to Foster Care to Success to become a member, but I didn’t have to do it when I signed up. So your mileage may vary.

Bonus: Since you will have a credit card with them, they also will sign you up for their savings account. You need a $5 minimum so they give you $5 to get your account started. It’s just a good company and was one of my recommended places to get a savings account.

NOTE: #4 does have a balance transfer fee, but it’s still a great value IMO.

4. Discover it® Credit Card  – Introductory 0% APR for 14 Months, 3% Balance Transfer Fee

The Discover IT credit card that is great for day-to-day spend, especially with their 5% cash back on specific categories every quarter of the year. This is a card that I would recommend for those with average or above credit to get involved with.

The biggest reason why I included this credit card is that it offers a solid 14-month Intro 0% APR. Of course, the tradeoff for such a long intro rate is that they charge a 3% balance transfer fee. This falls under the category of “you can’t have your cake and eat it too”.

Note: This used to be 18 months, but it seems like they lowered it to 14 months.

Now, to me, this is still considered a damn good value for a balance transfer card. Let’s do some math and I’ll show you the light!

Assume a $5,000 Balance Transfer From a CC with 25% APR

  • Discover -> $150 in fees and you end up paying $5,150 total after 14 months ($367/month)
  • Old Credit Card -> Assuming you pay $367/month over the duration of the debt -> $942.59 in interest.
0% APR Balance Transfers

Source: Unbury.me

Not only are you paying nearly $800 more compared to the balance transfer, you are paying your credit card for 4-5 extra months!

The Details

  • 3% balance transfer fees for transfers made within 90 days of account opening.
  • 0% APR on balance transfers for 14 months. After 14 months there is an ongoing APR of 13.49% – 24.49%.
  • This credit card is friendly with those with around average credit scores.
  • $0 annual fee

The Bottom Line

I only included the major credit cards that provide max value. Realistically speaking you probably need 1 (or 2) of these depending on your financial situation. Also, these credit cards are easy to access and apply for without going through many hoops. If you want more offers then feel free to comment and I can add it down the road.

The goal of these credit card companies is that they want you to use their credit cards in hopes you can’t pay them off so you’ll end up paying interest back to them down the road.

The mistake they are making is that we are human and can learn from our mistakes. Instead of just using balance transfers to stop paying interest, we can empower ourselves to get a fresh start without paying an extra dime in interest.

For me personally, I’ve used them to get out of financial binds and to save thousands in interest rates.  Feel free to subscribe as I will create a long-term budget planning framework to take advantage of these offers without paying a dime.

Related

Top Credit Cards For Balance Transfers List