Low APR Balance Transfer Cards: How to Save on Interest Costs

If you’re looking to transfer a balance from a high-interest credit card to one with a more manageable annual percentage rate (APR), then you might want to consider a credit card with a low APR on balance transfers. These types of credit cards can offer significant savings on interest charges, which can help you pay off your debt faster and with less stress. In this article, we will take a closer look at some of the best credit cards with low APRs for balance transfers, as well as some important considerations to keep in mind when applying for these types of credit cards. Whether you’re looking to consolidate your debt or just want to take advantage of a lower interest rate, a credit card with a low APR on balance transfers can be a valuable tool in your financial arsenal.

10 Credit Cards with Low APR for Balance Transfers

If you have credit card debt, it can be a daunting task to pay down what you owe. Fortunately, transferring your balance to a credit card with a lower APR (Annual Percentage Rate) can make it easier to pay off what you owe. Below, we’ll discuss ten credit cards with low APR for balance transfers that may help you pay off your debt more effectively.

1. Citi® Diamond Preferred® Card

The Citi® Diamond Preferred® Card is a great option if you’re looking for a low APR for balance transfers. With this card, you can enjoy a 0% APR for 18 months on balance transfers, which can give you ample time to pay off your debt. This card also has no annual fee and offers additional perks like access to Citi Easy Deals.

2. Chase Freedom Flex℠

The Chase Freedom Flex℠ card has a 0% APR for 15 months on balance transfers. This card also comes with no annual fee and offers cash back rewards on purchases. With this card, you can earn up to $200 cash back after spending $500 in the first three months.

3. Discover it® Cash Back

If you’re looking for more than just a card with a low APR for balance transfers, the Discover it® Cash Back card may be worth considering. This card offers a 0% APR for 14 months on balance transfers and cash back rewards on purchases. You can also earn up to 5% cash back on rotating categories each quarter.

4. Wells Fargo Platinum card

The Wells Fargo Platinum card offers a 0% APR for 18 months on balance transfers. With no annual fee, this card is a great option for those looking to pay off credit card debt without incurring additional charges.

5. BankAmericard® credit card

The BankAmericard® credit card offers a 0% APR for 18 billing cycles on balance transfers. This card also has no annual fee, making it a great option for those looking to save money while paying off debt.

6. Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One® Quicksilver® Cash Rewards Credit Card offers a 0% APR for 15 months on balance transfers and has no annual fee. Additionally, this card offers cash back rewards on purchases, making it a great option to pay off debt while earning rewards.

7. Barclaycard Ring® Mastercard®

The Barclaycard Ring® Mastercard® offers a low APR for balance transfers and purchases and has no annual fee. This card also allows customers to vote on changes to the card’s terms and benefits, giving them a say in how the card operates.

8. U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card offers a 0% APR for 20 billing cycles on balance transfers. This card also has no annual fee and offers additional benefits like free credit score access.

9. HSBC Gold Mastercard® credit card

The HSBC Gold Mastercard® credit card offers a 0% APR for 18 months on balance transfers and has no annual fee. This card also offers additional benefits like roadside assistance and travel insurance.

10. SunTrust Prime Rewards Credit Card

The SunTrust Prime Rewards Credit Card offers a low APR for balance transfers and has no annual fee. This card also offers cash back rewards on purchases and allows customers to earn higher rewards by keeping a checking or savings account with SunTrust.

In conclusion, transferring your credit card debt to a card with a low APR for balance transfers can be a smart move if you’re looking to pay off what you owe. The credit cards listed above are just a few of the many options available to you. Consider your needs and spending habits, and choose the card that is right for you.

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10 Best Credit Cards with Low APR for Balance Transfers

If you’re currently carrying high-interest credit card debt, transferring your balances to a card with a low APR could help save you money in the long run. To help narrow down your search, we’ve rounded up the 10 best credit cards with low APR for balance transfers.

1. Citi Simplicity

One of the best low APR credit cards in the market, Citi Simplicity offers a 0% introductory APR on balance transfers for the first 21 months, giving you almost two years to pay down your debt interest-free. Additionally, there are no late fees or penalty APRs, making it a great option for those who may sometimes fall behind on payments.

2. Chase Slate

Another popular credit card for balance transfers, Chase Slate offers a 0% introductory APR for the first 15 months and doesn’t charge a balance transfer fee if you transfer your balance within the first 60 days of account opening. Plus, there’s no annual fee, making it a great option for those who want to save money on both interest and fees.

3. Discover it Balance Transfer

The Discover it Balance Transfer card offers a 0% introductory APR for the first 18 months and has no balance transfer fee. Plus, cardholders can earn cashback rewards on purchases, including 5% cashback on certain categories that rotate every quarter.

4. Wells Fargo Platinum Card

With a 0% introductory APR for the first 18 months and no annual fee, the Wells Fargo Platinum Card is a great option for anyone looking to save on interest charges. There’s also no balance transfer fee if you transfer your balance within the first 120 days of account opening.

5. U.S. Bank Visa Platinum Card

The U.S. Bank Visa Platinum Card offers a 0% introductory APR for the first 20 billing cycles on both balance transfers and purchases. Additionally, there’s no annual fee, and cardholders can enjoy a range of benefits, including fraud protection and online account management.

6. Bank of America Cash Rewards Credit Card

While not specifically a balance transfer card, the Bank of America Cash Rewards Credit Card offers a 0% introductory APR for the first 12 billing cycles on purchases and balance transfers. Additionally, cardholders can earn cashback rewards on purchases, including 3% cashback on a category of their choosing.

7. Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card offers a 0% introductory APR on both balance transfers and purchases for the first 15 months. Additionally, cardholders can earn cashback rewards on all purchases, with no limit to how much they can earn.

8. HSBC Gold Mastercard

The HSBC Gold Mastercard offers a 0% introductory APR on balance transfers and purchases for the first 18 months, making it a great option for those looking to pay down debt over a longer period. Plus, there’s no annual fee, and cardholders can enjoy benefits such as fraud protection and travel and emergency assistance.

9. American Express Cash Magnet Card

While not specifically marketed as a balance transfer card, the American Express Cash Magnet Card offers a 0% introductory APR for the first 15 months on both purchases and balance transfers. Additionally, cardholders can earn cashback rewards on all purchases, with no limit to how much they can earn.

10. Barclaycard Ring Mastercard

One of the few balance transfer cards that also offers cardholders a say in how the card is managed, the Barclaycard Ring Mastercard offers a 0% introductory APR for the first 15 months on balance transfers. Additionally, cardholders can take part in Barclaycard’s online community, where they can vote on card policies and discuss financial topics with other members.

When looking for a credit card for balance transfers, it’s important to consider the length of the introductory APR period, any balance transfer fees, and other benefits that may make the card worth having in the long term. With these 10 options to choose from, you’re sure to find a credit card that meets your needs.

Top 5 Credit Cards with Low APR for Balance Transfers

People who have multiple credit card debts can benefit from balance transfer credit cards. By transferring the balance from high-interest credit cards to a low-interest credit card, individuals can save money on interest rates. In this article, we will discuss the top 5 credit cards with low APR for balance transfers.

1. Chase Slate Credit Card: With no annual fee and a 0% introductory APR for 15 months on balance transfers, the Chase Slate Credit Card is a great choice for those looking to save money. Furthermore, the credit card offers a $0 balance transfer fee on transfers made within the first 60 days of opening the account.

2. Citi Simplicity Credit Card: Another credit card with no annual fee, the Citi Simplicity Credit Card offers a 0% introductory APR for 18 months on balance transfers. The credit card also boasts no late fees or penalty APR for missed payments, making it a good choice for those who occasionally miss payments.

3. Discover it Balance Transfer Credit Card: With a 0% introductory APR for 18 months on balance transfers and no annual fee, the Discover it Balance Transfer Credit Card is a popular choice. Additionally, the credit card provides cash back on purchases, making it a great option for individuals who plan to use the credit card regularly.

4. Amex EveryDay Credit Card: The Amex EveryDay Credit Card has a 0% introductory APR for 15 months on balance transfers and no annual fee. The credit card also rewards individuals with points for everyday purchases, which can be redeemed for things such as travel and merchandise.

5. Capital One Quicksilver Cash Rewards Credit Card: The Capital One Quicksilver Cash Rewards Credit Card has a 0% introductory APR for 15 months on balance transfers and no annual fee. Additionally, the credit card rewards individuals with 1.5% cash back on all purchases, making it a good option for those who want to earn rewards while also saving money on interest rates.

Credit Card Introductory APR for Balance Transfers Annual Fee Balance Transfer Fee
Chase Slate Credit Card 0% for 15 months $0 $0 for first 60 days, then 5% or $5, whichever is greater
Citi Simplicity Credit Card 0% for 18 months $0 $5 or 5%, whichever is greater
Discover it Balance Transfer Credit Card 0% for 18 months $0 3% intro balance transfer fee, up to 5% fee on future balance transfers
Amex EveryDay Credit Card 0% for 15 months $0 $0 for first 60 days, then 3% or $5, whichever is greater
Capital One Quicksilver Cash Rewards Credit Card 0% for 15 months $0 3% for all balance transfers made within the first 15 months

In conclusion, balance transfer credit cards with low APR can help individuals save money on interest rates. The top 5 credit cards with low APR for balance transfers, Chase Slate Credit Card, Citi Simplicity Credit Card, Discover it Balance Transfer Credit Card, Amex EveryDay Credit Card, and Capital One Quicksilver Cash Rewards Credit Card, all offer a 0% introductory APR for balance transfers and have no annual fee. By choosing the credit card that fits their needs and budget the best, individuals can make significant progress in paying off their credit card debt.

Here’s a list of possible links based on the given json list:

1. Looking for a credit card that offers low APR for balance transfers? Check out this list of low interest balance transfer credit cards from CreditCards.com for some options that might suit your needs.
2. If you have a lot of credit card debt and want to save money on interest, you might want to consider consolidating your balances onto a card with a low APR. This NerdWallet guide to the best balance transfer credit cards could help you weigh your options.
3. A Bankrate article on “The truth about zero percent balance transfers” might help you better understand the pros and cons of balance transfer credit cards, including how to avoid common mistakes that can end up costing you more money in the long run.
4. Wondering which credit card companies offer the best deals on balance transfers? This Simple Dollar roundup of the best balance transfer credit cards could give you some good starting points for your research.
5. Trying to compare the benefits and drawbacks of various balance transfer credit cards? This WalletHub guide to the best balance transfer credit cards includes a helpful side-by-side comparison tool to help you make an informed decision.

Pros of Credit Cards with Low APR for Balance Transfers

If you’re considering getting a credit card with a low APR for balance transfers, you may be wondering what the benefits are. In this section, we’ll explore some of the pros of using these types of cards.

1. Save Money on Interest Fees

One of the biggest advantages of credit cards with low APR for balance transfers is that they can help you save money on interest fees. Most credit cards charge high interest rates, especially if you carry a balance. By transferring your balance to a low APR card, you can reduce the amount of interest you pay each month, which can add up to significant savings over time.

2. Consolidate Debt

Another benefit of a low APR balance transfer credit card is that it allows you to consolidate debt. If you have multiple credit card balances with high interest rates, you can transfer them all to one card with a low APR. This can make it easier to manage your debt and save you money on interest fees.

3. Lower Monthly Payments

Since a low APR credit card for balance transfers charges less interest, your monthly payments will be lower. This can give you more room in your budget to pay off your debt faster, or allow you to use the money for other expenses.

4. Improve Your Credit Score

By consolidating your debt and lowering your interest rates, you can also improve your credit score. This is because a lower amount of debt and lower monthly payments make you a more attractive borrower to lenders. Over time, as your credit score improves, you may be eligible for better credit terms and lower interest rates.

5. Access Introductory Rates

Many credit card companies offer promotional introductory rates for balance transfers. These rates can be as low as 0% interest for a set period. This can be an excellent opportunity to pay off your debt faster without being charged interest.

6. No Annual Fees

Credit cards with low APRs for balance transfers often have no annual fees. This is a great advantage because you can save more money upfront and over the lifetime of the card.

7. Flexibility to Pay off Debt

Credit cards with low APRs for balance transfers often offer flexibility in terms of how you can pay off your debt. You can typically choose to pay off your balance over a longer period of time, which can be helpful if you need to stretch out payments to manage your expenses more effectively.

8. Access to Rewards Programs

Many low APR balance transfer credit cards also offer rewards programs. These programs can allow you to earn cashback, points, or miles for every dollar you spend, which can help you save money or earn rewards on everyday purchases.

9. Easy to Apply

Applying for a credit card with a low APR for balance transfers is typically a straightforward process. You can usually apply online and receive an instant decision. This can be convenient if you need to consolidate debt quickly.

10. Protection Against Fraud

Credit card companies often offer protection against fraud when you use your card. This means that if someone steals your card number or uses your card without permission, you won’t be held responsible for the charges. This can offer peace of mind and save you money if you are ever a victim of fraud.

In conclusion, credit cards with low APR for balance transfers offer many benefits, including saving money on interest fees, consolidating debt, improving your credit score, and offering rewards programs. However, it’s essential to weigh the pros and cons carefully before applying for one and make sure you can meet the payment terms to avoid accumulating more debt.

Wrap It Up

Thanks for taking the time to read this article about credit cards with low APR for balance transfers. We hope that we have shed some light on the benefits of transferring your balances to a credit card with a low APR. Remember, always read the fine print and choose a card that suits your needs and lifestyle. We appreciate your support and we encourage you to visit our website again in the future for more helpful money management tips. Stay savvy and keep on saving!

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