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Author: Greg Johnson  Last Updated: January 14, 2020

Using balance transfer credit cards is a great way to destroy your debt at turbo speed! All of the best balance transfer cards include an introductory APR of 0%, making it possible to transfer higher-interest debt to these interest-free havens so you can pay it off in a flash.

With an introductory 0% APR on balance transfers, using these cards may work out better for you than trying to secure a personal loan. Additionally, most of these cards extend their special interest rates to purchases too. So, if you have a big project coming up but don’t want to go through the hassle of getting a loan, these credit cards can help you fund your project interest free for 12 to 21 months!  (Just make sure you pay it off in time.)

When used properly, balance transfer credit cards can be a huge boost to your debt repayment plans. When we were in debt, we used balance transfer credit cards to consolidate our high-interest credit card debt all into one place. Taking advantage of the 0% interest rate helped us make payments toward the principle balance instead of paying toward the interest only. By eliminating interest charges and increasing our payments, we had those debts knocked out in a few months.

Enjoy!

(Disclosure: Club Thrifty has partnered with CardRatings for our coverage of credit card products. If you apply for a card using our links, Club Thrifty and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Read our full disclosure statement here.)

Top Balance Transfer Credit Cards for 2020

We’ll dive into the details of each card in a minute, but first we want to introduce you to our current list. Without further ado, here are the Best 0% APR Balance Transfer Credit Cards of 2020.

Capital One® Quicksilver® Cash Rewards Credit Card

image of capital one quicksilver cash rewards credit cardThe Capital One® Quicksilver® Cash Rewards Credit Card isn’t just a great cash back credit card; it doubles as a super balance transfer card, as well!

Offering 0% APR on balance transfers and purchases for the first 15 months helps the Quicksilver Cash Rewards Card find a spot at the top of our heap. You’ll also earn an unlimited 1.5% cash back on all purchases and a $150 cash back bonus when you spend just $500 on purchases in the first three months.

Need more convincing? Here’s you go:

  • $150 cash bonus for spending $500 in 3 months
  • 0% APR on balance transfers and purchases for first 15 months
  • Earn unlimited 1.5% cash back on all purchases
  • No rotating categories to worry about
  • Cash back never expires while your account stays open
  • No foreign transaction fees
  • Annual Fee: None
  • Balance Transfer Fee: 3%

Learn how to apply | Read the review

 

Chase Freedom Unlimited

Chase Freedom Unlimited Card imageThe Chase Freedom Unlimited Card is another excellent choice for transferring your high-interest balances. With a 0% APR on purchases and balances transfers for the first 15 months, what’s not to like?

In addition to the awesome intro APR, you’ll also earn an unlimited 1.5% cash back on all purchases. Plus, you can earn a $150 sign up bonus for spending just $500 in the first three months. That’s cash in your pocket, my friend…and that’s tough to beat. Here’s some more food for thought:

  • 0% APR on purchases and balance transfers for 15 months
  • $150 sign up bonus when you spend $500 in the first 3 months
  • 1.5% cash back on all purchases (unlimited)
  • No rotating categories
  • No minimums to redeem
  • Cash back does not expire while account is open
  • Annual fee: None
  • Balance Transfer Fee: 3% when transferred during first 60 days; 5% after ($5 minimum)

Learn how to apply | Read the review

 

Blue Cash Everyday Card from American Express

image of blue cash everyday credit card from amexWith the Blue Cash Everyday Card from American Express, you can use the 0% introductory APR to pay off debt and earn cash back at the same time! For the first 15 months, you’ll enjoy a 0% APR on both balance transfers and purchases all while earning up to 3% cash back on additional purchases..

Plus, if you love sign up bonuses like we do, you’ll definitely want to consider the Amex Blue Cash Everyday card. With the current offer, you’ll receive a $150 statement credit for spending $1,000 in the first three months. Like most cards, this one does carry a balance transfer fee of $5 or 3% of the total transfer, whichever is greater. Here’s a bit more info before you apply:

  • $150 signup bonus for spending $1,000 in first 3 months
  • 0% APR for 15 months on balance transfers and purchases
  • 3% cash back at U.S. supermarkets (up to $6,000/year in purchases)
  • 2% cash back at U.S. gas stations and select department stores; 1% on all other purchases
  • Annual Fee: None
  • Balance Transfer Fee: 3% ($5 minimum)
  • Learn how to apply

 

Citi Diamond Preferred Card

image of citi diamond preferred cardWith an introductory APR of 0% for the first 21 months, the Citi® Diamond Preferred® Card helps you borrow without interest for longer. In fact, it has the longest 0% APR period of any card on this list.

This introductory APR extends to balance transfers only. On purchases, you’ll get an introductory 0% APR for the first 12 months, so it’s still great card to use for an extended project or remodel. At 5% or $5 (whichever is greater), the balance transfer fee is a bit higher than some of the other cards listed here, so keep that in mind if you’re planning a transfer.

Here’s a little more information before you apply:

  • 21-month introductory 0% APR on balance transfers
  • 12-month introductory 0% APR on purchases
  • Free FICO score access
  • Complimentary concierge service
  • Annual Fee: None
  • Balance Transfer Fee: 5% ($5 minimum)
  • Learn how to apply

Wells Fargo Cash Wise Visa

image of wells fargo cash wise visaIf you’re looking for a balance transfer card that offers a little extra, the Wells Fargo Cash Wise Visa may fit the bill. For starters, the card offers an introductory 0% APR on qualifying balance transfers for the first 15 months. You’ll also earn an unlimited 1.5% cash back on purchases with the card.

Additionally, you can earn a $150 cash back bonus when you spend $500 on the card in the first three months. You’ll also earn 1.8% cash back on purchases using digital wallets (like Google Pay and Apple Pay) during the first 12 months you have the card. The Wells Fargo Cash Wise Visa also offers up to $600 in protection on your cell phone when you use your card to pay the bill.

Here’s a quick look at more of its top features:

  • $150 welcome bonus when you spend $500 in first 3 months
  • 0% introductory APR on balance transfers for first 15 months
  • Unlimited 1.5% cash rewards on purchases
  • Qualified digital wallet purchases earn 1.8% cash rewards for first 12 months
  • Up to $600 in cell phone protection against damage or theft when use card to pay monthly bill
  • Annual Fee: None
  • Balance Transfer Fee: 3% for first 120 days, then 5%
  • Learn how to apply

 

Citi Double Cash Card

With the Citi Double Cash Card, you earn 2% cash back on your purchases – 1% when you Citi Double Cash Card Logobuy and 1% as you pay for your purchase. Just make on-time minimum payments and earn away!

Qualified balance transfers also receive an introductory 0% APR for the first 18 months. Like most balance transfer cards, though, they do not earn cash back.

  • 0% introductory APR on balance transfers for first 18 months
  • Earn 2% cash back on every purchase – 1% when you buy, 1% as you pay for purchase
  • Minimum payments must be made on time to earn cash back
  • Annual Fee: None
  • Balance Transfer Fee: 3% ($5 minimum)
  • Learn how to apply

Chase Freedom Card

image of Chase Freedom CardThe Chase Freedom Card has long been considered one of the best balance transfer credit cards around. Like several of the others, this card offers a 0% APR on both purchases and balance transfers for the first 15 months.

Of course, that’s not all! The Chase Freedom also offers an easy to earn signup bonus of $150. Just spend $500 in the first three months, and you’ve hit the mark! Better yet, you’ll earn 5% cash back for spending in categories that rotate every three months! To top it all off, there is no annual fee to worry about.

Still not sure? Check this out:

  • $150 signup bonus for spending $500 in 3 months
  • 0% APR on balance transfers and purchases for 15 months
  • 5% cash back on rotating quarterly categories (like groceries, gas, etc.)
  • Unlimited 1% cash back on all other purchases
  • Free weekly credit score
  • Annual Fee: None
  • Balance Transfer Fee: 3% on transfers in first 60 days; 5% after ($5 minimum)

Learn how to apply | Read the review

 

Chase Slate Card

image of Chase Slate CardThe Chase Slate Card offers a 15-month introductory 0% APR on both balance transfers and purchases. We think that’s awesome, but that’s not the only reason we put it on the list. The Chase Slate also offers no balance transfer fees for the first 60 days! If you’re transferring large balances, that could save you a huge chunk of change.

In our eyes, the Chase Slate card is a great option for transferring high-interest balances or for providing a short-term loan for major projects. There’s no annual fee, but there is one minor catch. Unfortunately, you can’t transfer balances from other Chase cards here. With that being said, here are a few more things to know before you apply:

  • 0% APR on balance transfers and purchases for first 15 months
  • No balance transfer fees for first 60 days
  • No penalty APR
  • Free monthly credit score
  • Annual Fee: None
  • Balance Transfer Fee: $0 on balance transfers in first 60 days; 5% after with minimum of $5

Best Balance Transfer Cards: Wrapping Up

Currently, American households who have a credit card owe nearly $8,400 on their cards. Transferring your balances to one of the best balance transfer credit cards could be a great way to supercharge your debt repayment strategy.

By taking advantage of 0% balance transfer fees, you may be able to save money and free up cash to pay back your debt faster. Provided you pay your cards off on-time and don’t accrue more debt, you could definitely use this strategy to come out ahead. If you decide to apply, please be sure to use our affiliate links above!

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Using balance transfer credit cards is a great way to destroy your debt at turbo speed. We've got the best 0% APR and balance transfer cards right here!