Best Balance Transfer Offers May 2021

balance transfer credit cards

No interest on balance transfers up to 2023 with special introductory rates on some new accounts

When you transfer your high-interest balance to a credit card offering an introductory 0% APR (Annual Percentage Rate) you could reduce your monthly credit card bills by a significant amount.

A fixed interest rate of zero financing for a year or more allows you to make affordable payment on only the balance you owe. Note that minimum monthly payments are still due until the intro period ends. Once the special 0% rate expires regular rates will apply to the remaining balances.

CHECKLIST

Most major banks charge upfront balance transfer fees that are added to the balance. Usually the fees are less than interest you’re currently paying, but check with a professional financial advisor before proceeding with a balance transfer. Fees such as balance transfer, annual, late payment, etc. could swallow up any savings on interest.

See if credit line with the new card covers the amounts you want to transfer. For instance if you have a $10,000 balance to transfer and only get a $2,500 credit line with the new card, that may not be enough to save a meaningful amount. You’ll also be complicating life by having more credit card payments to keep track of.

Never charge anything on the card since purchases often are mixed in with transfers. When that happens the entire balance may be due way before the expiration of the introductory period. If not paid in full you might even pay regular interest rates on the amounts transferred.

Normally you cannot transfer balances between cards from the same bank or issuer. Inquire whether funds from the new card can be sent to the original card. Otherwise an excess of “hard” inquiries could damage your credit score.

Allow a lag time between transfer request and its posting to the old card. A month might pass before balance is erased from the high-interest account. That delay might result in an unexpectedly large amount due for the first card.

THE CARDS

The credit cards below feature longer 0% APR periods so you can pay bills in a planned manner under the guidance of trusted financial mentor.


20 MONTH INTRO 0% APR

U.S. Bank Visa® Platinum Card

  • 20 month 0% intro APR
  • No annual fee
  • Balance transfer fee: 3%
  • Regular APR is 14.49% to 24.49% once intro period expires

18 MONTH INTRO 0% APR

Citi Double Cash Mastercard®

  • 18 month zero-interest intro APR
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 13.99% to 23.99% after intro period expires

Citi Diamond Preferred Mastercard®

  • 18 month zero-interest intro APR
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 14.74% to 24.74% once intro period expires

Citi Simplicity

  • No interest intro APR for 18 first months
  • Transfers must be completed during initial 120 days
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 14.74% to 24.74% once intro period expires

Wells Fargo Platinum Visa®

  • 0% APR for 18 months on balance transfers
  • Introductory rate applies only on transfers made within first 120 days
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 16.49% to 24.49% once intro period expires

HSBC Gold Mastercard®

  • 0% APR for 18 months on transfers
  • Introductory period on transfers lasts only 60 days
  • Balance transfer fee: 4%
  • No annual fee
  • Regular APR is 13.99% to 23.99% after intro offer expires

Citizens Bank Clear Value Mastercard®

  • No interest APR for first 18 months on balance transfers
  • No cut-off date during balance transfer introductory period
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 13.99% to 21.99% after intro offer expires

15 MONTH INTRO 0% APR

KeyBank Latitude Credit Card

  • 15 month introductory 0% APR on purchases and balance transfers
  • Balance transfers must be completed within first 60 days of account opening
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 9.99% to 19.99% after intro offer expires

PNC Core Visa®

  • 15 month introductory no interest APR
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 9.99% to 19.99% after intro offer expires

SunTrust Cash Rewards World Mastercard®
SunTrust Travel Rewards Mastercard®
BB&T Bright Visa® credit card

  • While currently issued as separate products, SunTrust and BB&T have merged to form Truist, so the credit cards will eventually become Truist ones
  • 15 month introductory no interest APR
  • No cut-off date for special introductory rate
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 11.24% to 21.24% after intro offer expires

Citi Rewards+ Mastercard®

  • 15 month introductory 0% APR on balance transfers
  • They must be completed within first 120 days
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 13.49% to 23.49% after intro offer expires

Wells Fargo Cash Wise Visa®
Wells Fargo Rewards® Card
Wells Fargo Visa Signature® Card 

  • 15 month introductory 0% APR on balance transfers
  • Balance transfer request must be made within first 120 days
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR after intro offer expires varies on which card you apply for and credit history

Diamond Resorts World Mastercard® from Barclays Bank

  • 15 month introductory 0% APR on balance transfers
  • Balance transfer request must be made within first 45 days
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 15.74 to 24.99% after intro offer expires

TD Cash Visa® Card

  • 15 month introductory no interest APR
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 12.99% to 22.99% after intro offer expires

Mastercard® Black Card (Barclays Bank)
Mastercard® Gold Card (Barclays Bank)
Mastercard® Titanium Card (Barclays Bank)

  • 15 month introductory 0% APR on balance transfers
  • Balance transfer request must be made within first 120 days
  • Balance transfer fee: 3%
  • Annual fees are $195 (Titanium), $495 (Black), $995 (Gold)
  • Regular APR after intro offer expires varies on which card you apply for and credit history

Bank of America® Cash Back Rewards Credit Card
Nature Conservancy Cash Rewards Visa Signature® Card (Bank of America)
Natural Trust for Historic Preservation Cash Rewards Visa Signature® Card (Bank of America)
Rotary International Cash Rewards Visa Signature® Card (Bank of America)
AMSA Cash Rewards Visa Signature® Card (Bank of America)
UPS Capital Cash Rewards Visa Signature® card (Bank of America)

  • 15 month introductory no interest APR on transfers within first 60 days of account opening
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR is 13.99% to 23.99% after intro offer expires
  • $200 bonus reward after $1,000 spend (don’t mix with balance transfer)
  • 3-2-1 rewards useful after balance transfer offer period expires

Fifth Third Bank Truly Simple Mastercard®

  • 15 month introductory no interest APR
  • Balance transfer fee: 4%
  • No annual fee
  • Regular APR is 11.99% to 22.99% after intro offer expires

Citizens Bank Cash+ World Mastercard®

  • 15 month introductory no interest APR
  • Balance transfer fee: 4%
  • No annual fee
  • Regular APR is 15.99% to 23.99% after intro offer expires

Regions [Bank] Life Visa® Card

  • 15 month introductory 0% APR on balance transfers
  • Balance transfers must be completed within first 60 days of account opening
  • Balance transfer fee: 4%
  • No annual fee

BMO Harris Bank Platinum Mastercard®

  • 15 month introductory 0% APR on balance transfers
  • Balance transfers must be completed within first 90 days of account opening
  • Balance transfer fee: 3%
  • No annual fee
  • Available only in Arizona, Florida, Indiana, Illinois, Kansas, Minnesota, Missouri and Wisconsin

Elan Financial Services

Elan Financial Services issues 15-month introductory 0% APR credit cards on behalf of several banks, which normally have the following terms:

  • 0% APR financing for first 15 months after opening account
  • Balance transfer fee: 3%
  • No annual fee
  • Regular APR of 13.49% to 23.49% once intro period expires (changes depending on prime interest rates)

A small sampling of those banks are:

BOK Financial Platinum Visa® Card
Community Banks of Colorado Platinum Visa® Card
Exchange Bank Platinum Visa® Card
Fulton Bank Platinum Visa® Card
People’s United Bank Mastercard® Platinum Card
Sterling National Bank Platinum Visa® Card
Suncrest Bank Platinum Visa® Card
The Bank of Missouri Platinum Visa® Card

NO BALANCE TRANSFER FEE & INTRO 0% APR

Union Bank Platinum Visa Credit Card

  • 15 month introductory no interest APR
  • No balance transfer fee on transfers made within 60 days; 3% after that (terms)
  • No annual fee
  • Regular APR is 8.49% to 19.99% after intro offer expires

Navy Federal Credit Union®Credit Card (members only)

  • 12 month introductory 0% APR
  • No balance transfer fee
  • No annual fee
  • Regular APR is 5.99% to 18.00% after intro offer expires

Purdue Federal Visa Signature (members only)

  • 12 month introductory 0% APR on purchases, balance transfers and cash advances
  • Balance transfer fee: 0%
  • No annual fee
  • Regular APR is 11.50% to 17.50% after intro offer expires
  • General membership via one-time $50 fee to join Purdue University Alumni Association as a Friend of the University

First Tech FCU Platinum Mastercard (members only)

  • 12 month introductory 0% APR
  • Balance transfer fee: 0%
  • No annual fee
  • Regular APR is 6.99% to 18.00% after intro offer expires
  • General membership via one-time fee to join Computer History Museum or the Financial Fitness Association

Wings Visa® Platinum Credit Card (credit union members only)

  • 12 month introductory 0% APR
  • Balance transfer fee: 0%
  • No annual fee
  • Regular APR is 8.15% to 18.00% after intro offer expires
  • General membership via one-time fee to join Wings Financial Foundation

Kroger Rewards Credit Card

Koger shopping cart

Limited time offer: save up to $.55 per gallon of fuel with new Kroger Rewards credit card

Great savings, but these conditions apply:

  • Good for new account holders only
  • Redeemable only at Kroger Family of Companies Fuel Centers
  • Minimum of 100 existing fuel points earned in a single month
  • Not valid with any other fuel offer

Save money with Kroger World Mastercard®

  • 1 point per net $1 spent anywhere Mastercard is accepted
  • 2 points per net $1 spent in the Kroger family of stores (see below)
  • 3 points per net $1 spent on the Kroger family of quality brands
  • Additional 25¢ fuel discount at participating Kroger family of stores*

Free benefits and services

  • No annual fee
  • No foreign transaction fee
  • No penalty on over-limit purchases
  • 24-day, interest-free grace period on purchases
  • Balance transfer fee: 4%
  • Free Gold Checking account from US Bank
  • Automatic bill payment
  • Account alerts for peace of mind
  • Travel & emergency assistance services
  • Mastercard Global Service at no charge
  • Auto rental collision damage waiver
  • Free online account access – 24 hours a day, 7 days a week
  • Mobile banking on smartphones
  • Warranty manager service
  • Zero fraud liability
  • Annual account summary

The 1-2-3 Kroger Rewards Card is issued by USBank.

Kroger family of companies includes these grocery stores

  • Baker’s
  • City Market
  • Dillons
  • Food 4 Less
  • Foods Co
  • Fred Meyer
  • Fry’s
  • Gerbes
  • Harris Teeter
  • King Soopers
  • Jay C Food Store
  • Kroger
  • Owens Market
  • Pay-Less Super Markets
  • QFC
  • Ralphs
  • Smith’s Food and Drug

Offer applies to new cardholders only. Discount is available at Kroger Family of Stores Fuel Centers when you redeem at least 100 existing fuel points earned in a single month. You must scan, redeem fuel points and pay with your 1-2-3 REWARDS Visa Card in order to receive this fuel discount. Upon expiration, cardholder will receive additional 5¢ fuel discount at Kroger Family of Stores Fuel Centers, when they scan, redeem fuel points and pay with their 1-2-3 REWARDS Visa Card.