In January 2011, Discover Card introduced Discover More Card with a groundbreaking promotional balance transfer offer, providing new members with a remarkable 0% introductory APR on balance transfers for an astounding 24 months. This offer, initially available for over three months, set a historical record for the longest 0% balance transfer offer period. However, by late April 2011, the offer was modified to an 18-month 0% APR promotion. Despite subsequent developments in the credit card industry, the Discover More Card’s initial promotion still stands as a record holder for its extended 24-month period. While no other credit card has surpassed this record to date, several cards continue to offer appealing deals for individuals seeking to transfer high-interest balances.

How a Balance Transfer Works

Executing a balance transfer is a relatively straightforward procedure. When applying for a new credit card, you’ll need to furnish the account number and the sum you wish to transfer from your existing balance. Upon approval of your application, the new credit card issuer will initiate a payment to the other credit card company for the specified transferred amount. This process allows flexibility as you can choose to transfer the entirety or a portion of your balance. Moreover, it’s possible to consolidate balances from multiple cards in a single transfer. Opting for a card with a 0% APR on transfers means you won’t incur any interest charges on the transferred amount until the promotional period concludes.

When a Balance Transfer Makes Sense

Balance transfers can be a smart strategy to cut down on interest expenses, especially when dealing with a substantial balance carrying a high interest rate or if you’re unable to pay off your credit card in full each month. When contemplating a balance transfer, it’s crucial to assess various factors, such as the prevailing interest rate on your current card, the interest rate offered by the new card, annual fees associated with both cards, and the balance transfer fee.

Typically ranging from three to five percent of the transferred balance, balance transfer fees may have a cap once a certain limit is reached. For instance, transferring a $1,000 balance with a 3% transfer fee would incur a $30 cost to move the balance to another card. It’s important to note that even if the new card provides a 0% interest rate, the savings in interest might be partially offset by the transfer fee. Therefore, a comprehensive evaluation of these factors is essential to determine the overall financial benefit of a balance transfer.

Best 0% Balance Transfer Offers

As of the latest available information, the longest 0% balance transfer period currently offered is 21 months. Balance transfer credit cards with 0% APR introductory periods generally range between 12 and 21 months. Several cards are currently featuring top 0% balance transfer promotions along with additional attractive benefits.

0% Interest on Transfers for 21 Months

Credit Card		Bonus, 0% Introductory Interest	Annual Fee
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on balance transfers for 21 months. After the intro period ends, the go-to rate of 16.74% - 27.49% (variable) applies. (rates & fees)	$0

0% Interest on Transfers for 18 Months

Credit Card		Bonus, 0% Introductory Interest	Annual Fee
	Citi Double Cash® Card	$200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. 0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 17.74% - 27.74% (variable) applies. (rates & fees)	$0

0% Interest on Transfers for 15 Months

Credit Card		Bonus, 0% Introductory Interest	Annual Fee
	Citi Strata℠ Card	For a limited time, earn 30,000 bonus Points after spending $1,000 in the first 3 months of account opening. 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.74% - 28.74% (variable) applies. (rates & fees)	$0
	Chase Freedom Unlimited®	Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening 0% on purchases and balance transfers for 15 months (rates & fees)	$0
	Blue Cash Everyday® Card from American Express	$200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.74% variable applies. (rates & fees)	$0
	TD Double Up℠ Credit Card	$100 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening 0% on balance transfers for 15 months	$0

Conclusion

Discover set the bar for other credit card issuers with their 24-month 0% balance transfer promotion. While it remains to be seen if another card will do the same, you can still save on interest when you take advantage of the great 0% APR balance transfer deals that are are out there.

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Personal credit cards with no annual fee can be advantageous for a number of reasons.

Cost Savings: The most apparent benefit is the absence of an annual fee, which means you won’t incur a yearly charge for simply having the card. Therefore, no-annual-fee credit cards are popular among individuals who want to minimize credit card costs.

Accessibility: No-annual-fee credit cards are often more accessible to a broader range of consumers. In general, premium travel cards usually require applicants to have excellent credit profile. But for credit cards with no annual fee, people with varying credit profiles usually may qualify, making these cards a good option for those who may be establishing or rebuilding their credit.

Simplicity: No-annual-fee cards typically come with straightforward terms. Consequently, you don’t have to worry about justifying the annual fee through rewards or benefits, making them simpler to understand and manage.

Introductory Offers: Some no-annual-fee cards offer introductory perks, such as cash back rewards, sign-up bonuses, or 0% APR on purchases or balance transfers. These features can provide value without the cost of an annual fee.

Backup or Occasional Use: A no-annual-fee card can be an excellent backup or secondary credit card. It is there when you need it without the financial commitment of an annual fee.

Building Credit History: For individuals looking to build or rebuild their credit, no-annual-fee cards can be a low-risk option to establish a positive credit history without the added cost.

List of Personal Credit Cards with No Annual Fee

Here is a list of available personal credit cards that have no annual fee:

Citi Credit Cards

Credit Card		Bonus, Rewards, Perks, and 0% APR	Annual Fee
	Citi Strata℠ Card	For a limited time, earn 30,000 bonus Points after spending $1,000 in the first 3 months of account opening. 2 ThankYou® Points for each $1 spent at Restaurants; earn 1 ThankYou® Point for each $1 spent on All Other Purchases. 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.74% - 28.74% (variable) applies. (rates & fees)	$0
	Citi Double Cash® Card	$200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel. 0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 17.74% - 27.74% (variable) applies. (rates & fees)	$0
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on balance transfers for 21 months. After the intro period ends, the go-to rate of 16.74% - 27.49% (variable) applies. (rates & fees)	$0
	Costco Anywhere Visa® Card by Citi	5% cash back rewards on gas at Costco and earn 4% cash back on other eligible gas and electric vehicle (EV) charging purchases for the first $7,000 combined spend per year, and then 1% thereafter. 3% cash back on restaurants and eligible travel purchases and eligible travel, including Costco Travel. 2% cash back on all other purchases from Costco and Costco.com 1% cash back on all other purchases No foreign transaction fees	$0 rates & fees

Chase Credit Cards

Credit Card		Bonus, Rewards, Perks, and 0% APR	Annual Fee
	Chase Freedom Unlimited®	Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases. 0% on purchases and balance transfers for 15 months (rates & fees)	$0
	IHG One Rewards Traveler Credit Card	80,000 Bonus Points 3 points per $1 spent on purchases on monthly bills, at gas stations, and restaurants. Earn 2 points per $1 spent on all other purchases No foreign transaction fees	$0 rates & fees

American Express Credit Cards

Credit Card		Bonus, Rewards, Perks, and 0% APR	Annual Fee
	Blue Cash Everyday® Card from American Express	$200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. 3% cash back at U.S. supermarkets, 3% cash back on U.S. online retail purchases, 3% cash back at U.S. gas stations, on eligible purchases for each category on up to $6,000 per year in purchases (then 1%). Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout. 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.74% variable applies. (rates & fees)	$0
	Hilton Honors American Express Card	100,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you spend $2,000 in purchases on the Card within your first 6 months of Card Membership. Offer ends 1/14/2026. 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with hotels and resorts within the Hilton portfolio. 5X Points per dollar on purchases at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations. 3X Points for all other eligible purchases on your Card. No foreign transaction fees	$0 rates & fees
	Delta SkyMiles® Blue American Express Card	10,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 6 months. 2X Miles per dollar spent on Delta purchases, at restaurants worldwide, plus takeout and delivery in the U.S., and 1X Mile on all other eligible purchases. No foreign transaction fees	$0 rates & fees

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Apply Now

Card Issuer

Citibank

Network

Mastercard

Card Category

Cash Back, No Annual Fee, Balance Transfer

Required Credit

Excellent, Good

Rate this card:  

Apply Now

Citi Double Cash^® Card

• Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou^® Points, which can be redeemed for $200 cash back.
• Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
• Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 17.74% - 27.74%, based on your creditworthiness.
• Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
• If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
• There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
• Read our review on Citi Double Cash^® Card

Intro APR

0% on Balance Transfers

Intro APR Period

18 months

Regular APR

17.74% - 27.74% (Variable)

Annual Fee (rates & fees)

$0

Citi^® Diamond Preferred^® Card

Blue Cash Preferred^® Card from American Express

Prime Visa

Citi Strata^℠ Card

Chase Freedom Unlimited^®

Blue Cash Everyday^® Card from American Express

The American Express Blue Business Cash™ Card

The Plum Card^® from American Express

Costco Anywhere Visa^® Card by Citi

Costco Anywhere Visa^® Business Card by Citi

Choice Rewards World Mastercard^®

GO2bank™

Walmart MoneyCard^®

Upgrade Life Rewards Visa^®

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If you carry credit card debt, it may cost you a lot of money on the interest. Don’t worry. Balance transfer credit cards can help you pay down the debt. You just need to open a new credit card with 0% introductory interest on balance transfers. And then you can request to transfer current credit-card balance to the new card. After that, you can just make the minimum payment each billing cycle to avoid finance charges and pay off all the remaining balance at the end of the introductory period of 0% interest. In this way, a balance transfer credit card helps you save money by reducing the cost of high interest.

Potential Savings by Balance Transfers

How much can you save with a balance transfer card? For instance, take an example that you have a credit card balance of $10,000 with 18% interest. In order to pay it off in 18 months, you will need to pay $640 each month for 18 straight months. Consequently, you will end up with paying interest of approximately $1,480.

With a 0% interest balance-transfer card, you can keep most of the $640 monthly payment in your bank account. And you can pay off the balance 18 months later without paying any interest. Most credit cards charge a one-time service fee for doing a balance transfer. For example, for each qualifying balance transfer, Citi Double Cash Card charges 3% of the transferred balance on transfers made within 4 months of account opening, with a minimum of $5. In order to transfer a balance of 10,000, the transaction will cost about $300 in fees. With about $1,480 in potential interest cost that you saved, you will save approximately $1,180 by using a 0% balance transfer card.

Balance Transfer Credit Cards

Choose from one of the following credit cards that offer 0% on balance transfers for at least 15 months. All these credit cards are for people who have good or excellent credit rating. If you have a credit score of 700 or above, you may qualify for these offers.

0% Interest on Balance Transfers for 21 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on balance transfers for 21 months. After the intro period ends, the go-to rate of 16.74% - 27.49% (variable) applies. (rates & fees)	$0

0% Interest on Balance Transfers for 18 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Double Cash® Card	0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 17.74% - 27.74% (variable) applies. (rates & fees)	$0

0% Interest on Balance Transfers for 15 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Strata℠ Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.74% - 28.74% (variable) applies. (rates & fees)	$0
	Chase Freedom Unlimited®	0% on purchases and balance transfers for 15 months (rates & fees)	$0
	Blue Cash Everyday® Card from American Express	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.74% variable applies. (rates & fees)	$0

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