Best Low Interest Credit Cards for Balance Transfers in [current year]

Here are some of the best low interest credit cards for balance transfers, emphasizing introductory periods ranging from 15 to 21 months. These credit cards serve as valuable tools for strategically managing and reducing outstanding balances without incurring additional interest charges, providing a financial reprieve for those seeking effective debt management solutions.

The best low interest credit cards for balance transfers

Credit Card	Best For	Credit Score	Annual Fee	Welcome Bonus
Wells Fargo Reflect® Card	Cellphone Protection	Excellent, Good	$0	N/A
U.S. Bank Visa® Platinum Card	No Frills Balance Transfer	Good/Excellent	$0	N/A
Citi® Diamond Preferred® Card	Long Transfer Window	Excellent, Good	$0	N/A
Citi Simplicity® Card	Late Fee Forgiveness	Excellent, Good	$0	N/A
Citi Double Cash® Card	Cash Back	Excellent, Good, Fair	$0	Earn $200 cash back
Discover it® Cash Back	Cash-Back Match	Excellent/Good	$0	Cashback Match™
Bank of America® Customized Cash Rewards credit card	Choosing Your Own Rewards	Good, Excellent	$0	$200
Bank of America® Unlimited Cash Rewards credit card	Flat-Rate Rewards Earning	Good, Excellent	$0	$200
Bank of America® Unlimited Cash Rewards credit card for Students	Students	Good/Excellent	$0	$200 bonus
State Farm Good Neighbor Visa® Card	Auto Deductible Reimbursement	Good/Excellent	$0	N/A
UMB Simply Rewards Visa	Elevated Earnings in Useful Categories	Good/Excellent	$0	15,000 bonus points
Chase Freedom Flex℠	Rewards and Additional Benefits	Excellent, Good	$0	$200 bonus + 5% on Gas and Grocery (excluding Target and Walmart)

These low interest credit cards cater to various needs, including cellphone protection, no-frills balance transfer, long transfer window, late fee forgiveness, cash back, choosing your own rewards, flat-rate rewards earning, and more

When searching for the best low interest credit cards for balance transfers, consider the following tips:

• Introductory APR: Look for cards with a 0% introductory APR on balance transfers, typically for 12 to 18 months, allowing interest-free payments during this period.
• Balance Transfer Fees: Be aware of transfer fees, often a percentage of the amount moved. Opt for cards with low or no transfer fees to maximize savings.
• Regular APR: Consider the ongoing interest rate after the introductory period to understand the long-term cost of the card.
• Credit Score Requirements: Ensure your credit score aligns with the card’s requirements.
• Credit Limit: Confirm that the card’s credit limit accommodates your balance transfer, as some cards may have restrictions.
• Rewards and Benefits: While focusing on the best low interest credit cards for balance transfers, explore additional perks like cash back or rewards points offered by popular issuers such as Chase, Citi, Bank of America, and Discover.

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What does 0% balance transfer 24 months mean?

A 0% balance transfer for 24 months means that for a specified period, in this case, 24 months, you will not be charged any interest on the balance transferred from another credit card. Here’s a breakdown of the key points:

1. Interest-Free Period:
   • Duration: The promotional period where the credit card issuer does not apply any interest charges to the balance you transfer.
   • Example: If you transfer a balance to this credit card, you won’t incur any interest on that balance for the next 24 months.
2. Balance Transfer:
   • Definition: Moving an existing debt (balance) from one credit card to another, usually to take advantage of a lower interest rate or promotional offer.
   • Example: If you have a $1,000 balance on another credit card and transfer it to the new card with the 0% balance transfer offer, you won’t be charged interest on that $1,000 for the specified 24-month period.
3. Repayment Conditions:
   • Monthly Payments: You are still required to make monthly payments during the interest-free period.
   • Consequences of Missing Payments: If you miss a monthly payment, the credit card issuer may impose penalties, and you could lose the promotional interest-free rate.
   • Interest on New Purchases: The promotional rate usually applies specifically to the transferred balance. If you make new purchases on the card, those may be subject to the regular interest rate unless there’s a separate promotional offer for new purchases.
4. Post-Promotional Period:
   • After 24 Months: Once the 24-month period ends, any remaining balance from the transferred amount will be subject to the regular interest rate specified in the credit card terms.
   • Managing the Transition: It’s important to have a plan for paying off the transferred balance or transferring it again before the regular interest rate takes effect.

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Best 0% balance transfer 24 months Credit Cards

However, there are several credit cards that offer 0% introductory rates on balance transfers for 21 months or more. Here are some of the best options for credit cards with 0%:

1. Citi Diamond Preferred Card:
   • Introductory APR: 0% for 21 months on balance transfers and 12 months on purchases.
2. Wells Fargo Reflect Card:
   • Introductory APR: 0% for 21 months on purchases and qualifying balance transfers.
3. Citi Simplicity Card:
   • Introductory APR: 0% for 21 months on balance transfers and 12 months on purchases.
4. Chase Slate Edge:
   • Introductory APR: 0% for 18 months on purchases and balance transfers.
5. Citi Double Cash Card:
   • Introductory APR: 0% for 18 months on balance transfers.
6. Discover it Balance Transfer:
   • Introductory APR: 0% for 18 months on balance transfers.
7. U.S. Bank Visa Platinum Card:
   • Introductory APR: 0% for 18 billing cycles on purchases and balance transfers.

These credit cards provide an excellent opportunity for individuals looking to transfer existing credit card balances without incurring interest charges for a specified introductory period. It’s important to note the varying durations of the 0% APR offers and any additional terms or fees associated with each card.