Best 0% Balance Transfer Credit Cards

by Sean Bryant on February 1, 2012

The amount of interest you pay each month on your credit card is one of the biggest factors contributed to why most people struggle to become debt free.  Depending on your income situation, high monthly interest payments can make it virtually impossible to pay anything on your principal balance. One of the best ways to solve this problem is to apply for a 0 percent balance transfer credit card.

To save you time in searching for the best balance transfer credit cards, I have put together a list of the two best. I determined this list by considering how long the 0 percent promotional APR will last and also any additional incentives that are offered.

1. Discover it® – 18 Month Balance Transfer – The Discover It Card is a great choice if you are looking to move a balance from a high interest credit card. You will receive 0 percent APR on balance transfers for 18 months and then you will have a variable rate of 10.99%-22.99%.  There is $0 annual fee with the Discover It card but there is a 3 percent balance transfer fee.  They offer 5% cash back at gas stations through September 2014 and 1% on everything else.

Sign up for Discover It® Card

Citi Dividend Platinum Select Visa2. Citi® Platinum Select® Visa® – With the Citi Platinum Select Visa credi card you can get 18 months with 0 percent APR on balance transfers and purchases. After the intro promotional period, you will have a variable APR between 11.99 and 21.99 percent. You will be accessed a 3 percent fee on any balance transfer. This card will also have a $0 annual fee.

Sign up for Citi Platinum Select Visa Credit Card
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Sean Bryant

Sean Bryant created in 2011 to help pass along his knowledge of finance and economics to others. After graduating from the University of Iowa with a degree in economics he worked as a construction superintendent before jumping into the world of finance. Sean has worked on the trade desk for a commodities brokerage firm, he was a project manager for an investment research company and was a CDO analyst at a big bank. That being said he brings a good understanding of the finance field to the One Smart Dollar community. When not working Sean and he wife are avid world travelers. He enjoys spending time with his daughter Colette and dog Charlie.

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  • Great round-up! I love Chase 🙂 Nothing but good experiences with them.

  • I got the Discover More card and love it. In addition to the balance transfers the reward point system is great. Easy to enroll and great online user interface.

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