So, I know I've made a big deal about not recommending credit cards or balance transfer offers as part of any affiliate strategy in the past. I take my affiliates very seriously. But lately (especially after publishing the Debt Master Plan…) I've gotten emails from folks who would like to learn more about debt consolidation and transfer offers but didn't like the interest rates they were offered by Upstart, which, while fabulous and vastly better than paying 15-24% on your credit cards, still isn't like transferring debt to something at 0%.
So, since I teach to be as strategic as possible with your debt, I thought it would be worth it to showcase a few of my favorite 0% balance transfer offers (which I've used in the past) to pay down debt.
….I mean, you already have it and dug yourself in this hole (no judgment) so why not put your energy into making sure you pay as little money on it as possible.
Why 0% Balance Transfer Offer Recommendations Now?
I've hesitated in the past to administer credit card offers because of my own checkered history with cards. I'd never want to give folks access to a financial tool, on my own recommendation, that could hurt them in the future.
However, after doing some research and surveys among readers, I've learned that the majority of you are very debt focused: you're less than $10k in debt and very motivated to pay it off. Which means that 0% balance transfer offers are actually a great tool (which is the word I used before …lol) to make your debt freedom both less expensive and likely to happen sooner.
Just so long as you don't use the card irresponsibly once you slay all that debt in the face.
So, after that long-winded intro..
Here are five balance transfer offers that you can definitely use to be more strategic with your debt.
- Why we like it for debt payoff: 0% interest on balance transfers for 15 months.
- Fees: Chase charges $0 in fees if you transfer a balance to your Chase Slate within the first 60 days of account opening. Depending upon the amount you're approved for and how much you transfer, this could save you HUNDREDS. No annual fee, either.
- The FBL take: This is kiiiinda the holy grail of balance transfer cards because it's $0 annual fee, $0 balance transfer fee, and a pretty sizeable interest-free payoff term. This is the one to get if your credit is good enough. Click here to learn more. (Not an affiliate link for me, just a card I like!)
- Why we like it for debt payoff: 0% interest on balance transfers for 15 months, also 0% interest on PURCHASES for 15 months as well.
- Fees: There is a 5% fee for all transfers, but no annual fee on this card!
- The FBL take: 5% fee for transfers is higher than most cards, but they offer 0% on purchases and a cash bonus offer of $150 if you spend $500 on the card in the first three months on purchases.
- Why we like it for debt payoff: 0% interest on balance transfers for 21 months.
- Fees: There is a 3% fee for all transfers, but no annual fee on this card!
- The FBL take: 21 months is one of the longest 0% interest terms around – that's nearly two years to focus on other interest-bearing debts!
- Why we like it for debt payoff: 0% Introductory APR for the first 15 months on purchases. Plus, you'll get a 0% introductory APR for 15 months on Balance Transfers when made within 45 days of account opening.
- Fees: No balance transfer fees, foreign transaction fees, or annual fees.
- The FBL take: While not one of the most well-known for it's balance transfer offers, this is still a solid card.
- Why we like it for debt payoff: 0% intro APR on purchases for 9 months; 13.49%-23.49% variable APR after that
- Fees: 3% balance transfer fees and no annual fee.
- The FBL Take: 9 months isn't very long to pay off your balances, (which is why it's at the bottom of our list!) but this is a good card to use for a balance transfer, pay off, and then use for other purposes. It's unlimited 1.5% cash back on any purchase and I use it exclusively for traveling abroad as there are no foreign transaction fees.