Best 0% APR Balance Transfer Credit Cards – July 2022 (Updated)

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards and may receive a commission. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

0aprRising rates 📈 also means credit card APRs are going up. Shopping around for the best balance transfer offer can save you thousands of dollars in interest. Below is a freshly updated list of the best 0% APR balance transfer offers. I try to include a good mix of different bank and lesser-known credit unions with easy membership requirements.

How to find the best combination of the longest 0% APR period and the lowest balance transfer fees. If you are paying 18% APR, that’s like paying 1.5% on your balance every month. Paying a 3% upfront fee for an 21 month period of 0% would be like paying your current interest rate for 2 months and then getting 0% interest for the remaining 19 months. That may be preferable to 12 months at 0% with no balance transfer fee, especially if you spread out your payments over the entire period and use that additional time to pay it all off by the end. Here is an example comparison.

  • $5,000 balance, 18% APR, 12 month payoff = $458 per month for 12 months. ($5,500 total paid)
  • $5,000 balance, 0% APR + No BT fee, 12 month payoff = $417 per month for 12 months. ($5,000 total paid)
  • $5,000 balance, 18% APR, 21 months payoff = $279 per month for 21 months. ($5,865 total paid)
  • $5,000 balance, 0% APR + 3% BT fee, 21 month payoff = $245 per month for 21 months. ($5,150 total paid)
  • $5,000 balance, 0% APR + no BT fee, 21 month payoff = $238 per month for 21 months. ($5,000 total paid) ** not an available offer **

Hopefully, you can see how one might prefer the $245 per month for 21 months, even thought it results in a slightly higher total amount paid than the $417 per month for 12 months. Especially if this creates an attainable plan that the end of 21 months, you are debt-free. Even if there was no balance transfer fee for 21 months (which unfortunately isn’t an option), the difference would be $7 per month.

If you are sure you can pay it all off within the shorter 0% period, then you should pick the no balance transfer fee option.

1) Citi® Diamond Preferred® Card – 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. You also get 0% Intro APR on purchases for 21 months from date of account opening. After the intro APR offer ends, a variable APR will apply. There is a balance transfer fee of 5% of the amount of each credit card balance transfer or $5, whichever is greater. No annual fee.

2) Wells Fargo Reflect Card – 0% Intro APR on balance transfers for 18 months from date of account account opening. Intro APR extension of up to 3 months with on-time minimum payments during the introductory and extension periods. (Note this is not the same as starting the countdown from the time of transfer.) Introductory balance transfer fee of $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, it is of 5% each credit card balance transfer or $5, whichever is greater. No annual fee.

3) US Bank Visa Platinum Card  – 0% Intro APR on purchases and balance transfers for 20 billing cycles. Balance transfer fee of $5 or 3% of the amount of each balance transfer, whichever is greater. Side perk of up to $600 in cell phone protection. No annual fee.

4) BankAmericard Credit Card – 0% Intro APR for 18 billing cycles for purchases and balance transfers made in the first 60 days of opening your account. After the intro APR offer ends, a Variable APR will apply. A 3% fee (min $10) applies to all balance transfers. $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of your account opening. No annual fee.

5) First Tech Fed Platinum Mastercard0% Introductory APR for 12 months on balance transfers and no balance transfer fee during the first 90 days after account opening. After the intro APR offer ends, a variable APR will apply. You must be an First Tech Federal Credit Union member to obtain this card, but membership is open to everyone who joins a partner organization for as little as $8 (Financial Fitness Association). You must also keep a nominal amount (usually around $10) in a share savings account. No annual fee.

6) Wings Financial CU Platinum Card0% Introductory APR for 12 months on balance transfers after account opening and no balance transfer fee. After the intro APR offer ends, a variable APR will apply. You must be a Wings Financial Credit Union member to obtain this card, but membership is open to everyone who joins a partner organization for as little as $5 (Wings Financial Foundation). You must also keep a nominal amount (usually around $10) in a share savings account. No annual fee.

7) Navy Federal Platinum Card0% introductory APR for 12 months after account opening for balance transfers requested within 30 days of account opening. No balance transfer fee. You must be an Navy Federal Credit Union member to obtain this card, and membership eligibility is restricted primarily to military personnel including Army, Marine Corps, Navy and Air Force, but now includes veterans and family members. You must also keep a nominal amount (usually around $10) in a share savings account. No annual fee.

8) La Capital FCU Rewards Card0% Introductory APR for 12 months on balance transfers and no balance transfer fee during the first 90 days after account opening. After the intro APR offer ends, a variable APR will apply. You must be an La Capitol Federal Credit Union member to obtain this card, but membership is open to everyone who joins a partner organization for as little as $20 (Louisiana Association for Personal Financial Achievement). You must also keep a nominal amount (usually around $10) in a share savings account. No annual fee.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

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Comments

  1. Andrews FCU just sent me an offer I’ve never seen before: 5.99% APR* Life of the Balance Transfer. And, no balance transfer fees or annual fees. Seems pretty good, but I haven’t checked the details for any catch…

    • I just got that e-mail from Andrews FCU as well. I’m not too excited about 6% APR, but I suppose if you have a big balance at 16% APR and you need to stretch it out over 2 or more years to pay it off, it could work out.

    • Jonathan says

      Does anyone know the minimum payment for Andrews 5.99% lifetime bal transfer? If it is low enough, this might make sense in some instances. Thanks for any info!

  2. So are you saying paying the 3% fee is worth it because you get 0% apr for a longer duration? I’m trying to understand the math. I figured paying any balance transfer fee would be the same as a 3% interest rate, but you end up paying it upfront.

    • That is a good question, I have updated the post to include some more examples as to why someone might pick the longer offer even though it has a balance transfer fee.

  3. Are these all the credit unions that offer 0% apr and 0 balance transfer fee or are there others?

  4. Are these all the credit unions that offer 0% apr and 0 balance transfer fee or are there others?

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