Best 0% APR Balance Transfer Credit Cards – February 2020

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I enjoy my credit card rewards, but carrying a balance at 15%+ interest is much more impactful on your finances! In fact, the WSJ reports that companies are charging higher interest rates because of their generous rewards programs. If you are ready to pay down that debt, consider transferring your balance to another issuer at a lower rate. Shopping around can save you thousands in interest.

You’ll want the best combination of the longest 0% APR period and the lowest balance transfer fees. Having no balance transfer fee is obviously best, but if you need to spread out your payments, it may be better to pick a longer term with a modest balance transfer fee. For example, if you are paying 20% APR, that’s like paying 1.66% on your balance every month. Below are the best 0% APR balance transfer offers from a variety of issuers (since you can’t transfer balances within the same issuer) as of February 2020.

1) Amex EveryDay Card from American Express0% Introductory APR for 15 months on both purchases and balance transfers and no balance transfer fee during the first 60 days after opening the account. After the intro APR offer ends, a variable APR will apply. Plus, earn a bonus 20,000 Membership Rewards points after you use your new Card to make $2,000 in purchases in your first 3 months. No annual fee.

2) Citi Simplicity Card – 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. 0% Intro APR on purchases for 12 months from date of account opening. After the intro APR offer ends, a variable APR will apply. This card provides a longer term, but note that 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.

3) BankAmericard Credit Card0% Introductory APR for 15 billing cycles on both balance transfers and purchases and no balance transfer fee during the first 60 days after opening the account. After the intro APR offer ends, a variable APR will apply. No annual fee.

Slate from Chase Card Art 4) Chase Slate Card0% Introductory APR for 15 months on both balance transfers and purchases and no balance transfer fee during the first 60 days after opening the account. After the intro APR offer ends, a variable APR will apply. No annual fee.

5) 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. No annual fee.

6) ABOC Platinum Rewards Credit Card0% Introductory APR for 18 months on balance transfers with a 3% fee (minimum $5). You must transfer your balance within 90 days of your account open date for the promotional APR to apply. After the intro APR offer ends, a variable APR will apply. You also get 5X rewards on rotating categories each quarter. 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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