When it comes to credit card balance transfers, everyone’s always looking for the lowest interest rate, typically 0% APR if they can find it. When you do a search for credit card balance transfers, make sure you look at the offers carefully to ensure you’re actually getting what you want.
You may find a credit card with 0% APR on purchases, but a much higher interest rate on balance transfers. It’s actually quite common to find credit cards that differentiate between purchases and balance transfers. At the same time, if you look hard enough you’ll be able to find credit cards that offer low interest rates on both balance transfers and purchases.
I’ve actually removed some of the legwork by providing a list of the best “low interest rate credit card balance transfer offers” around. Take a look at the credit cards below to find a deal that works for you and your particular situation. There are cards below that have 0% APR, as well as cards with low APR with no balance transfer fees. Compare and decide what makes the most sense for you financially.
Blue from American Express
This is my credit card of choice, and the one I personally use most. It’s got 0% APR for up to 15 months for purchases and no annual fee. It’s a great card if you plan to make purchases and don’t feel like paying everything back right away. It also has a low interest rate of 4.99% fixed APR for balance transfers for the life of the balance, so a good deal all around for a variety of different situations. All that plus the excellent customer service of American Express makes it a great credit card.
American Express Clear Credit Card
This credit card has no fees, including no balance transfer fee and a low 4.99% introductory APR on balance transfers for the life of the loan if the balance transfers are submitted during the application process.
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Miles by Discover Credit Card
This credit card has 0% Intro APR on purchases and balance transfers for 12 months, and a balance transfer fee of $5-$50. So if you have a large balance transfer, paying $50 for 0% APR for 12 months might make a lot of sense. You also get the airline miles rewards.
Discover More Credit Card
This credit card has 0% Intro APR on purchases and balance transfers for 12 months, and a balance transfer fee of $5-$50. So if you have a large balance transfer, paying $50 for 0% APR for 12 months might make a lot of sense. You also get the cashback bonuses up to 5% at select merchants, and at 1% everywhere else.
These are the best low interest rate credit card balance transfer offers I’ve seen online. Other credit cards either have credit card balance transfer fees from $75-$100, or simply carry higher interest rates on balance transfers. Check out the offers above to see if they work for you.
