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Best Low APR Balance Transfer Credit Cards

Low APR balance transfer credit cards are a financial tool that allows consumers to transfer high-interest credit card debt to a new card with a lower annual percentage rate (APR). These cards often come with introductory offers featuring 0% APR for a specified period, which can help individuals save on interest payments and pay off debt more quickly.

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The primary advantage of low APR balance transfer credit cards lies in their potential for significant interest savings. By moving existing debt from a high-interest card to one with a lower or zero percent introductory APR, cardholders can pay down their principal balance more effectively. These offers typically last between 6 to 18 months, providing a window of opportunity to reduce debt without accruing additional interest. However, it's important to be aware of balance transfer fees, which usually range from 3% to 5% of the transferred amount. Additionally, once the introductory period ends, the APR may revert to a higher rate, so it's crucial to have a plan to pay off the transferred balance within the promotional timeframe. Choosing the right low APR balance transfer card requires careful consideration of the terms and conditions, including the length of the introductory period, potential fees, and the standard APR after the promotion ends.

  • Chase Freedom Unlimited
    Chase Freedom Unlimited

    Chase Freedom Unlimited - Cash back card with no annual fee.

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  • Citi Simplicity Card
    Citi Simplicity Card

    Citi Simplicity Card - No late fees or penalty rates, simple and user-friendly.

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  • Discover it Balance Transfer
    Discover it Balance Transfer

    Discover it Balance Transfer - Credit card with 0% APR on balance transfers for 18 months.

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  • BankAmericard Credit Card
    BankAmericard Credit Card

    BankAmericard Credit Card - First general-purpose credit card, launched by Bank of America.

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  • Wells Fargo Reflect Card
    Wells Fargo Reflect Card

    Wells Fargo Reflect Card - 0% intro APR card with flexible payment options.

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  • U.S. Bank Visa Platinum Card
    U.S. Bank Visa Platinum Card

    U.S. Bank Visa Platinum Card - Low interest, no annual fee, basic rewards, minimal benefits.

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  • Capital One Quicksilver Cash Rewards Credit Card
    Capital One Quicksilver Cash Rewards Credit Card

    Capital One Quicksilver Cash Rewards Credit Card - Unlimited 1.5% cash back, no annual fee.

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  • HSBC Gold Mastercard
    HSBC Gold Mastercard

    HSBC Gold Mastercard - HSBC Gold Mastercard: Low fees, rewards, travel benefits, protection.

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  • American Express Everyday Card
    American Express Everyday Card

    American Express Everyday Card - No annual fee, rewards on everyday purchases, flexible payments.

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  • Barclaycard Ring Mastercard
    Barclaycard Ring Mastercard

    Barclaycard Ring Mastercard - Low-interest, fee-friendly card with community-driven features.

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Best Low APR Balance Transfer Credit Cards

1.

Chase Freedom Unlimited

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The Chase Freedom Unlimited® is a popular cash-back credit card offering 1.5% cash back on all purchases, with no annual fee. It also provides 5% cash back on travel booked through Chase Ultimate Rewards®, 3% on dining and drugstore purchases, and 1.5% on all other purchases. New cardholders can benefit from a generous introductory offer, including a 0% APR on purchases and balance transfers for the first 15 months. It’s ideal for those seeking versatile rewards and simplicity.

Pros

  • pros No annual fee
  • pros 1.5% cash back on all purchases
  • pros bonus categories
  • pros travel insurance
  • pros purchase protection

Cons

  • consForeign transaction fee
  • cons APR can be high
  • cons limited reward transfer options
  • cons requires good credit
  • cons cash back redemption minimum
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2.

Citi Simplicity Card

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The Citi Simplicity Card is a no-frills credit card designed for consumers seeking straightforward terms and simplicity. It offers an extended 0% introductory APR on both purchases and balance transfers, making it ideal for managing debt or financing large purchases. Notably, the card has no late fees, no penalty rates, and no annual fee, providing peace of mind for users. Its primary appeal lies in its user-friendly features and focus on minimizing costs and complications.

Pros

  • pros No late fees
  • pros No annual fee
  • pros Long intro APR period
  • pros No penalty APR
  • pros Easy application process

Cons

  • consHigh regular APR
  • cons Limited rewards
  • cons Foreign transaction fees
  • cons No sign-up bonus
  • cons Requires good credit
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3.

Discover it Balance Transfer

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The Discover it Balance Transfer is a credit card designed for individuals looking to manage and consolidate debt. It offers an introductory 0% APR on balance transfers for the first 18 months and 0% APR on purchases for the first six months. Cardholders also benefit from a cash back rewards program, earning 5% cash back in rotating categories each quarter and 1% on all other purchases. Additionally, there are no annual fees, and Discover provides free access to FICO credit scores.

Pros

  • pros 0% intro APR
  • pros Cashback rewards
  • pros No annual fee
  • pros Freeze feature
  • pros Cashback match.

Cons

  • consHigh regular APR
  • cons Limited international acceptance
  • cons Balance transfer fee
  • cons Cashback categories
  • cons No travel rewards.
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4.

BankAmericard Credit Card

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The BankAmericard Credit Card is a financial product offered by Bank of America, designed to provide consumers with a straightforward, low-cost credit option. It typically features competitive interest rates, no annual fee, and a variety of security and convenience benefits, such as fraud protection and online account management. Ideal for balance transfers and everyday purchases, the BankAmericard aims to help users manage their finances efficiently while building or maintaining good credit.

Pros

  • pros cashback rewards
  • pros no annual fee
  • pros introductory APR on purchases
  • pros travel benefits
  • pros fraud protection.

Cons

  • consforeign transaction fees
  • cons high regular APR
  • cons limited reward categories
  • cons balance transfer fee
  • cons requires good credit score.
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5.

Wells Fargo Reflect Card

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The Wells Fargo Reflect Card is a credit card designed to help users manage their finances with lower interest rates. It offers a 0% introductory APR on purchases and qualifying balance transfers for up to 21 months, followed by a variable APR. The card has no annual fee and includes features such as cell phone protection, access to My Wells Fargo Deals for cash back offers, and 24/7 fraud monitoring. It's ideal for those seeking to minimize interest costs and consolidate debt.

Pros

  • pros 0% intro APR
  • pros no annual fee
  • pros cell phone protection
  • pros access to My Wells Fargo Deals
  • pros flexible payment options

Cons

  • consBalance transfer fee
  • cons high ongoing APR
  • cons limited rewards
  • cons foreign transaction fee
  • cons requires good credit
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6.

U.S. Bank Visa Platinum Card

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The U.S. Bank Visa® Platinum Card is a low-interest credit card designed for individuals seeking to manage their finances more effectively. It offers an introductory 0% APR on purchases and balance transfers for the first 18 billing cycles, followed by a variable APR. The card features no annual fee and includes benefits such as fraud protection, online banking, and mobile account access. Ideal for those looking to consolidate debt or make large purchases with extended payment periods.

Pros

  • pros Low introductory APR
  • pros No annual fee
  • pros Flexible payment options
  • pros Good for balance transfers
  • pros Fraud protection.

Cons

  • consNo rewards program
  • cons High regular APR
  • cons Foreign transaction fees
  • cons Limited benefits
  • cons Requires good credit.
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7.

Capital One Quicksilver Cash Rewards Credit Card

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The Capital One Quicksilver Cash Rewards Credit Card offers a straightforward rewards structure with 1.5% cash back on every purchase, every day. There's no annual fee, and new cardholders can benefit from an introductory 0% APR on purchases and balance transfers for the first 15 months. Additionally, there's a one-time $200 cash bonus after spending $500 within the first three months. It’s ideal for those seeking simplicity and consistent rewards.

Pros

  • pros No annual fee
  • pros Unlimited 1.5% cash back
  • pros No foreign transaction fees
  • pros Intro APR on purchases
  • pros Easy redemption options

Cons

  • consRequires good credit
  • cons No bonus categories
  • cons Limited travel benefits
  • cons High APR after intro period
  • cons No balance transfer intro APR
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8.

HSBC Gold Mastercard

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The HSBC Gold Mastercard is a credit card designed to offer valuable benefits and flexibility. It typically features a low annual fee, competitive interest rates, and a range of features like no foreign transaction fees, extended warranty protection, and purchase assurance. Cardholders may also enjoy access to exclusive discounts and offers, as well as contactless payment options for ease of use. Ideal for everyday spending and international travel, the HSBC Gold Mastercard aims to provide a seamless and rewarding financial experience.

Pros

  • pros No annual fee
  • pros Rewards program
  • pros Purchase protection
  • pros Extended warranty
  • pros International acceptance

Cons

  • consHigh APR
  • cons Limited rewards categories
  • cons Foreign transaction fees
  • cons Strict approval criteria
  • cons Average customer service
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9.

American Express Everyday Card

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The American Express Everyday Card is a versatile credit card designed for daily use, offering rewards on everyday purchases. Cardholders earn Membership Rewards points with no annual fee. It features a 20% points bonus when users make 20 or more purchases in a billing period. Additional benefits include a 0% introductory APR on purchases and balance transfers for the first 15 months, making it an attractive option for those seeking both rewards and financial flexibility.

Pros

  • pros No annual fee
  • pros rewards on groceries
  • pros intro APR offer
  • pros Amex offers
  • pros flexible payment options

Cons

  • consLimited acceptance
  • cons foreign transaction fees
  • cons lower rewards on non-grocery purchases
  • cons no travel perks
  • cons credit score requirement
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10.

Barclaycard Ring Mastercard

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The Barclaycard Ring Mastercard is a low-fee credit card designed for those seeking transparency and community-driven benefits. It offers a low variable APR, no annual fee, and no balance transfer fees. Cardholders can participate in the "Giveback" program, sharing in the card's financial success and influencing product changes through community feedback. Ideal for balance transfers and everyday purchases, it also features chip technology for enhanced security.

Pros

  • pros low interest rate
  • pros no annual fee
  • pros no foreign transaction fees
  • pros simple rewards program
  • pros balance transfer benefits.

Cons

  • conslimited rewards
  • cons no intro APR offer
  • cons fewer cardholder benefits
  • cons average credit required
  • cons fewer redemption options.
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