Last updated on December 29th, 2024 at 02:44 pm
If you’re looking to save money on debt, credit cards with low interest rates for balance transfers can be a smart choice. These cards often feature 0% introductory APR offers or lower-than-average interest rates, helping you consolidate balances and reduce interest payments. Let’s dive into the best options!
What to Look for in a Balance Transfer Credit Card
- Introductory APR: Prefer cards with 0% interest for at least 12–21 months.
- Balance Transfer Fee: Check for low or no fees (typically 3%-5%).
- Ongoing APR: Look for a competitive rate after the intro period.
- Credit Limit: Ensure the card offers sufficient credit for your needs.
Best Credit Cards for Low Interest Rates and Balance Transfers in 2025
| Credit Card | Intro APR on Balance Transfers | Balance Transfer Fee | Regular APR |
|---|---|---|---|
| Citi Simplicity® Card | 0% for 21 months | 5% (min $5) | 19.24%–29.99% Variable |
| Discover it® Balance Transfer | 0% for 18 months | 3% (first 3 months) | 16.24%–27.24% Variable |
| Wells Fargo Reflect® Card | 0% for up to 21 months | 5% (min $5) | 18.24%–28.24% Variable |
| Chase Slate Edge℠ | 0% for 18 months | 3% (first 60 days) | 19.24%–27.99% Variable |
| BankAmericard® Credit Card | 0% for 21 months | 3% (min $10) | 16.24%–26.24% Variable |
| U.S. Bank Visa® Platinum Card | 0% for 18 months | 3% (min $5) | 17.49%–27.49% Variable |
1. Citi Simplicity® Card
Known for its longest introductory period, this card is perfect for transferring balances.
- Introductory Offer:
- 0% APR on balance transfers for 21 months.
- 0% APR on purchases for 12 months.
- Balance Transfer Fee: 5% or $5, whichever is greater.
- Ongoing APR: 19.24%–29.99% variable.
- Key Benefits:
- No late fees.
- No penalty APR.
2. Discover it® Balance Transfer
This card offers excellent rewards along with a long balance transfer period.
- Introductory Offer:
- 0% APR on balance transfers for 18 months.
- 0% APR on purchases for 6 months.
- Balance Transfer Fee: 3% (first 3 months), then 5%.
- Ongoing APR: 16.24%–27.24% variable.
- Key Benefits:
- Cashback Match: All cash back earned in the first year is matched.
- No annual fee.
3. Wells Fargo Reflect® Card
A flexible card offering up to 21 months of no interest.
- Introductory Offer:
- 0% APR on balance transfers and purchases for up to 21 months.
- Balance Transfer Fee: 5% or $5, whichever is greater.
- Ongoing APR: 18.24%–28.24% variable.
- Key Benefits:
- Up to 21 months based on timely payments.
- No annual fee.
4. Chase Slate Edge℠
Designed for low-interest balance transfers with a chance to lower APR further.
- Introductory Offer:
- 0% APR on balance transfers and purchases for 18 months.
- Balance Transfer Fee: 3% (first 60 days).
- Ongoing APR: 19.24%–27.99% variable.
- Key Benefits:
- APR reduction opportunity by 2% annually.
- No annual fee.
5. BankAmericard® Credit Card
A straightforward card with a long 0% APR period.
- Introductory Offer:
- 0% APR on balance transfers for 21 months.
- 0% APR on purchases for 18 months.
- Balance Transfer Fee: 3% or $10, whichever is greater.
- Ongoing APR: 16.24%–26.24% variable.
- Key Benefits:
- No penalty APR.
- No annual fee.
6. U.S. Bank Visa® Platinum Card
This card offers one of the longest interest-free periods.
- Introductory Offer:
- 0% APR on balance transfers and purchases for 18 months.
- Balance Transfer Fee: 3% or $5, whichever is greater.
- Ongoing APR: 17.49%–27.49% variable.
- Key Benefits:
- Free cell phone protection.
- No annual fee.
How to Maximize Balance Transfer Savings
- Transfer Quickly: Most intro offers are only available within the first 60 days.
- Pay Off Your Balance: Plan to pay off your debt within the 0% APR period.
- Monitor Fees: Factor in balance transfer fees when calculating savings.
With options like the Citi Simplicity® Card and the Discover it® Balance Transfer, finding a credit card with low interest rates for balance transfers has never been easier. These cards can help you consolidate debt, reduce interest payments, and take control of your finances.
