Best 0% APR Balance Transfer Credit Cards – January 2021 (Updated)

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0aprReady to pay down credit card debt in 2021 and pay less interest while you do so? Shopping around for the best balance transfer offer can save you thousands of dollars in interest. Below is an updated list of the best 0% APR balance transfer offers from both major banks and lesser-known credit unions with open membership requirements.

How to find the best combination of the longest 0% APR period and the lowest balance transfer fees. For example, if you are paying 18% APR, that’s like paying 1.5% on your balance every month. Paying a 3% upfront fee for an 18 month period of 0% would be like paying your current interest rate for 2 months and then getting 0% interest for the remaining 16 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. If you are sure you can pay it all off within the shorter 0% period, then should pick the no balance transfer fee option.

1) Citi® Diamond Preferred® Card – 0% Intro APR on balance transfers for 18 months from date of first transfer. All transfers must be completed in first 4 months. You also get 0% Intro APR on purchases for 18 months from date of account opening. After the intro APR offer ends, a variable APR will apply. There is a balance transfer fee of 3% of the amount of each credit card balance transfer or $5, whichever is greater. No annual fee.

2) Wells Fargo Platinum Card – 0% Intro APR on balance transfers for 18 months from date of account account opening. (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) Citi® Double Cash Card – 0% Intro APR on balance transfers for 18 months from date of first transfer. All transfers must be completed in first 4 months. This card provides a longer term, but note that there is a balance transfer fee of 3% of the amount of each credit card balance transfer or $5, whichever is greater. You also get 2% cash back on all purchases with 1% cash back when you buy, plus an additional 1% as you pay for those purchases. No annual fee.

4) First Tech Fed Choice 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 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.

4) 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.

5) 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 includes veterans and family members. You must also keep a nominal amount (usually around $10) in a share savings account. No annual fee.

6) La Capitol 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!

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