10 Best Interest-Free Credit Cards 2023 for Balance Transfer & Rewards
You can use a balance transfer card as a valuable asset in your fight against debt. With introductory deals that provide a temporary reprieve from interest payments, 0% balance transfer credit cards might assist you in managing and paying off debt.
The finest balance transfer credit cards offered by our partners have introductory 0% APR rates that last 12 to 21 months, allowing you the chance to delay having to pay APR on a transfer until early 2023 or even 2024.
Best Credit Card Offers for balance transfers and rewards.
Wells Fargo Reflect® Card
The 0% intro APR for 18 months starting from the account opening date on purchases and qualified debt transfers is a fantastic introductory period offered by the Wells Fargo Reflect® Card. With on-time minimum payments made during the intro and extension periods, an intro APR extension of up to three months is possible. After that, there is a variable APR between 16.74% and 28.74%.
If you need to pay off debt transferred from a credit card issued by a company other than Wells Fargo, the Reflect stands out from the competition with almost two years of 0% APR and a modest balance transfer fee.
BankAmericard® credit card
The BankAmericard® credit card has a lengthy promotional period that applies to both purchases and balance transfers: purchases have a 0% introductory APR for 21 billing cycles, while balance transfers made within the first 60 days have a variable APR that ranges from 15.74% to 25.74% after that. In addition, all balance transfers are subject to a 3% fee (minimum of $10).
This card is basic and has no rewards system. However, BankAmericard is worth considering if you require nearly two years of 0% APR to pay off debt with a card issued by a different bank.
Citi Simplicity® Card
The introductory APR for purchases on the Citi Simplicity® Card is just average. Still, the introductory period for balance transfers is exceptional: 0% intro APR for 21 months starting on the date of the first transfer for balance transfers and 0% intro APR for 12 months starting on the date of account opening for purchases. After that, depending on your creditworthiness, the variable APR will range from 17.74% to 28.49%. For transfers made within four months of account opening, there is an initial balance transfer fee of $5 or 3% of the transfer amount, whichever is greater. After that, a balance transfer fee of $5 or 5% of each transfer’s value, whichever is higher, is charged.
Citi® Double Cash Card
The Citi® Double Cash Card has an attractive introductory APR on balance transfers for 18 months but none on purchases. After that, depending on creditworthiness, the usual variable APR ranges from 17.74% to 27.74%. Additionally, there is an introductory balance transfer fee of $5 or 3% of each transfer’s value made within the first four months of account opening, whichever is higher. After that, each transfer will cost 5% (minimum $5).
Double Cash makes this list because it provides continued value, even though the intro APR on balance transfers is a few months less.
Discover it® Balance Transfer
At the end of your first year, Discover will automatically double all the Cash back you’ve earned! There is no minimum or maximum prize amount. For example, you could exchange $150 in Cash for $300.
Earn up to the quarterly maximum when you activate 5% cash back on regular purchases at different spots every quarter, including Amazon.com, supermarkets, dining places, and gas stations. Additionally, automatically receive limitless 1% cash back on all other purchases.
U.S. Bank Visa® Platinum Card
This is one of the greatest low-interest credit cards we’ve found, offering an 18-payment cycle intro APR deal for both purchases and balance transfers.
The first 18 billing cycles of this card’s introductory 0% APR on purchases cover a full year and a half’s worth of credit card statements. That’s a fantastic offer compared to other top 0% APR credit cards. It’s perfect if you borrow money to pay for expensive products.
Bank of America® Customized Cash Rewards credit card
Cardholders who prefer to be in charge of where they receive bonus cash back. Through its Preferred Rewards program, Bank of America’s banking and financial clients can access higher cash-back rates.
For a card that already offers a comprehensive list of benefits, the inclusion of a 0% initial APR offer for 18 billing cycles on purchases and debt transfers done within 60 days is a remarkable feature. In contrast, several cash-back cards provide 0% introductory APRs for 12 months while having considerably poorer cash-back schemes.
Citi Diamond Preferred Card
The Citi Diamond Preferred Card is an excellent choice if you’re searching for a straightforward balance transfer card. Due to the lack of rewards programs, this card may have little long-term value, but the intro APR period is still quite extensive, giving you the room to breathe you need to finish paying off your debt.
Citi Custom Cash Card
The Citi Custom Cash Card provides high rewards with debt transfer opportunities. You don’t need to enroll or make a spending plan beforehand because the bonus cash-back rate applies to the qualified category where you spend the most each monthly billing payment (up to the first $500 spent per billing cycle, 1 percent cash back thereafter).
Bank of America® Unlimited Cash Rewards credit card
The Bank of America Unlimited Cash Rewards credit card offers outstanding value for Bank of America customers who are eligible for the Preferred Rewards Program. Your possibility for cash rewards could increase by 25% to 75% if you are accepted into this program.
What is the typical length of the balance transfer offer?
While offer durations can go up to 21 months, the Credit CARD Act of 2009 requires that introductory offers must be at least six months longer. The normal time duration is 15 months.
What differentiates a balance transfer from a 0% APR credit card?
A 0 percent APR deal provides you time to pay off debt without incurring interest, but a balance transfer lets you transfer a credit card amount from one credit card account to another to help with debt repayment.
Does the amount you can transfer have a limit?
Usually, your transfer limit is equal to your credit limit.