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Updated July 4, 2016

5 Credit Card Deals with 0% Intro APR

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Is your credit card debt out of control?

It happens to many of us at some point. We get impulsive with the “buy now” buttons, we encounter big life changes that make us miss a bill or two, or we may try to pay down other debts instead.

You know it’s smart to pay off your credit cards as soon as possible, but you feel stuck.

What now?

As a personal finance blogger, I read the advice out there all the time. And I see the same tired suggestions over and over: skip Starbucks, brownbag your lunch, and you’ll somehow, overnight, be able to pay off your debt and build up a retirement nest egg.

Those recommendations sound nice, but in my experience, they are not realistic and do not work.

Paying off your credit card debt while you’re still getting charged interest every month can be a slog — those interest charges add up to a lot more than a few lattes.

To really get closer to freeing yourself of credit card debt, you need a big breather. You need a break from those high interest charges.

The Smart Way to Pay Off Your Credit Card Debt

Here’s the thing: Banks will give you the break you need. As long as you’re a new customer, many will try to get your business by enticing you with an introductory 0% interest rate (APR) balance transfer offer. That means you can — and should — put more of your money toward what you owe and not toward interest.

In return, you transfer your credit card balance to the new bank and you may have to pay a balance transfer fee (which is usually around 3% of the balance transferred).

Think of it under this scenario:

  • You owe $3,500 on one of your cards with 22.99% APR. You can manage to pay just $250 a month on it.
  • You come across an offer to get 0% intro APR for 15 months.
  • You’ll have to pay 3% to transfer the balance ($105), but you’ll save approximately $605 in interest during the introductory period. A net saving of $500+. AND you’d pay off the whole thing by the time the introductory period is over. In effect, you won’t pay interest on this debt again.

Want to use your own numbers? Plug your data into our Balance Transfer Calculator.

Getting the right credit card can save you serious money.

This is where the hard part comes into play — deciding between so many offers.

Here's a starting point to help you. Below is a list of our favorite balance transfer offers from CreditDonkey partners. Read on; we will explain the pros and cons of each offer.

Featured Balance Transfer Offers

© CreditDonkey

Have Excellent Credit? Blue Cash Everyday

Blue Cash Everyday If you have excellent credit and want an introductory APR deal, take a look at the Blue Cash Everyday from American Express, a CreditDonkey advertiser.

Why We Like Blue Cash Everyday:

  • You'll get a 0% introductory APR on purchases and balance transfers for 12 months, then a variable APR, currently 13.74% to 23.74% depending on your creditworthiness and other factors.

  • For grocery shoppers and commuters, take a look at the Blue Cash Everyday cash back rewards structure.

    You'll get 3% cash back at U.S. supermarkets (on up to $6k/year in purchases, then 1%), 2% cash back at U.S. gas stations and select U.S. department stores (such as Macy's, Kohl's and Sears) and 1% on other purchases.

  • There is no annual fee.

Keep in mind:

  • You'll need good/excellent credit to qualify for most American Express credit cards.

  • There is a 3% balance transfer fee (or $5, whichever is greater).

To learn more, read our Blue Cash Everyday review.

Cash Back: Barclaycard CashForward

Barclaycard CashForward offers a $100 cash rewards bonus if you spend $500 on purchases within the first 90 days of opening your new account. This card earns an unlimited 1.5% cash rewards on every purchase. Plus, every time you redeem, you get a 5% cash rewards redemption bonus to use toward your next redemption. You can redeem your cash rewards for a deposit into your bank account, a statement credit, or gift cards. Redemptions start at $50. The cash rewards do not expire as long as you keep your account open, active, and in good standing. There is no annual fee.

Plus, there is a 0% intro APR for 15 months on balance transfers made within the first 45 days of account opening. After the introductory period, a variable APR applies, currently 15.24%, 20.24%, or 25.24% depending on your creditworthiness.

Cash Back: Chase Freedom

If you want a low intro APR promotion AND cash back rewards, then Chase Freedom should be on your consideration list.

We'll explain why.

Why We Like Chase Freedom:

  • You'll get a 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.49-24.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum

  • A big reason this one gets our attention: you can earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.

  • But a one-time bonus can only take you so far.

    Here's where it really gets exciting:

    You can earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases.

  • There is no annual fee.

Keep in mind:

  • There is a balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater

To learn more, read our Chase Freedom review.

Rewards: Amex EveryDay

Amex EveryDay If you want an intro APR promotion and the opportunity to earn 20% more reward points on new purchases, then check out the Amex EveryDay credit card from American Express, a CreditDonkey advertiser.

Why We Like It:

  • You'll get a 0% intro APR on purchases and balance transfers for 12 months. After that, a variable APR applies, currently 13.74% to 23.74%, depending on your creditworthiness and other factors.

  • You can earn 10,000 Membership Rewards points after you use your new card to make $1,000 in purchases within the first three months.

  • You can earn 20% more points, and here's how:

    If you make 20 or more purchases with the EveryDay card in a billing period, you'll get 20% extra points on those purchases (less returns and credits).

  • You can earn 2x points at U.S. supermarkets (on up to $6,000 per year in purchases, then 1x). You earn 1x points on other purchases.

  • There is no annual fee.

Keep in mind:

  • There is a 3% balance transfer fee (or $5, whichever is greater).

To learn more, read our Amex EveryDay review or visit American Express' secure website for more information.

Big Spender? Barclaycard Arrival Plus

Barclaycard Arrival Plus Not scared of an annual fee? You can earn 2x miles on ALL purchases with the Barclaycard Arrival Plus. But it has an $89 annual fee (waived for the first year).

Why We Like Barclaycard Arrival Plus:

  • It offers 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.49%, 20.49% or 23.49%, based on your creditworthiness.

  • You get 50,000 bonus miles (worth a $500 travel statement credit) if you spend at least $3,000 in the first 90 days of opening the card.

  • You’ll earn rewards every time you buy things with the card, with double miles on all purchases.

Keep in mind:

  • The $89 annual fee may not be worth it if you’re not going to use the card frequently.

  • There is a 3% balance transfer fee (or $5, whichever is greater)

  • There is no intro APR on new purchases.

  • You can find other 0% intro APR offers that last longer.

Want to learn more? Read our Barclaycard Arrival Plus review or visit Barclaycard's secure website for more information.


Is Your Debt a Balancing Act?

It's almost never too late to start saving money, but you’re holding yourself back if you’re overloaded with debt. Ease the load with a 0% promotional rate on a balance transfer, and you’ll be able to more quickly pay down your debt and start really saving up.

Before you go ahead with a new card, plan how you’ll use it. You don’t want to be tempted by a 0% APR offer only to put off paying down the full amount until the promo period ends (and you’ll be back here researching your balance transfer options again).

You still have to pay at least the minimum due or you’ll be subject to interest charges sooner. Do the math to figure out how much you need to pay off each month to wipe your slate clean before the interest charges kick in. Also watch your spending during this time: You may be tempted to spend more than you should because you’re getting a temporary deal on interest charges. In other words, you may still want to cut back on some of those lattes.

PS: Some who read this page and realize how balance transfers can help them save money on credit card debt will take immediate action. But many will stay in the debt rut. Who will you be?

CreditDonkey helps readers make savvy financial decisions (and save money). Terms and limitations apply.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Chase Freedom has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Blue Cash Everyday Card from American Express
Apply for Blue Cash Everyday Card from American Express
At American Express' Secure Site
  • Limited Time Offer: Apply by 5/3/17 - Earn 10% cash back on purchases at U.S. Restaurants in the first 6 months, up to $200 back.
  • Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • Everyday Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 2% at U.S. gas stations; 1% on other purchases. Terms and limitations apply.
  • No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.74% to 23.74%, based on your creditworthiness and other factors.
  • Terms Apply.
  • See Rates & Fees
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 12 months
0% on Balance Transfers for 12 months
13.74% - 23.74% Variable
$0


Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
15.49% - 24.24% Variable
$0

The Amex EveryDay Credit Card from American Express
Apply for The Amex EveryDay Credit Card from American Express
At American Express' Secure Site
  • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits. Terms and limitations apply.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms and limitations apply.
  • You can use Membership Rewards® points for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.74% to 23.74%, based on your creditworthiness and other factors.
  • Terms Apply.
  • See Rates & Fees
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% on Purchases for 12 months
0% on Balance Transfers for 12 months
13.74% - 23.74% Variable
$0

Barclaycard Arrival Plus World Elite MasterCard
Apply for Barclaycard Arrival Plus World Elite MasterCard
At Barclaycard's Secure Site
  • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
  • Earn 2X miles on all purchases
  • Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.49%, 20.49% or 23.49%, based on your creditworthiness.
  • Please note, there is a fee for balance transfers.
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0% for 12 months (on balance transfers made within 45 days of account opening)
16.49%, 20.49% or 23.49% Variable
$89 - Waived first year

Disclaimer: The information for the Chase Freedom has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.


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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: The card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.