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Best Money Saving 0% APR Balance Transfer Offers for February

dec-best-0aprIn the depths of winter with a few feet of snow outside in many places, consumers with credit card debt can do themselves a service by curling up around the fireplace with a hot cup of cocoa and hopping online to find a credit card that offers a 0% rate on balance transfers. These cards allow consumers to move high rate debts to new cards that charge no interest for up to 18 months. Without interest piling up, this not only saves money in the short term, but can also make the process of getting out of debt significantly quicker.

Below is a ranking of leading 0% APR balance transfer credit cards based on the overall value offered to consumers.

Slate from Chase

This perennial favorite remains the top card in this category as it is the only product offered by a major bank with a 0% APR on balance transfers and no balance transfer fee. In fact, cardholders receive 15 months of interest free financing on both new purchases and balance transfers.

There is no annual fee for this card, and customers can also take advantage of Chase’s innovative Blueprint program at no extra charge. Blueprint is a powerful tool that allows cardholders to save money by paying for some charges in full while carrying a balance on others. In addition, it features powerful budgeting and goal setting tools.

  • Best 0% Offer in 'Crowning 2013's Best Credit Card Offers' (January 14, 2013) -Forbes Online
  • Pay less interest. Save on balances and new purchases
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

12.99%, 17.99%, or 22.99% (V)*

$0

Excellent/Good


Citi Diamond Preferred and Citi Simplicity

These two Citi cards feature identical promotional financing offers. Both have 18 months of interest free financing on new purchases and balance transfers. This 18 month promotion is currently the longest 0% APR financing period that applies to both new purchases and balance transfers being offered by any major credit card company.

But the cards do differ in significant ways. The Simplicity features no late fees or penalty interest rates, while the Diamond Preferred comes with a host of travel insurance and purchase protection policies. There is no annual fee for either card.

  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

11.99%-21.99% (Variable)*

$0*

Excellent Credit


  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

12.99% - 22.99% (Variable)*

$0*

Excellent Credit


Discover it

This new Discover “it” card comes in two versions. One offer is for 18 months of 0% APR financing on balance transfers and 6 months of interest free financing on new purchases. But in addition, “it” is also a rewards credit card with which cardholders can earn 1% cash back on all purchases, and 5% on purchases from qualifying merchant categories that change each quarter. There is no annual fee for this card, but there is a 3% balance transfer fee.

  • 0% intro APR on balance transfers for 18 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • Over 5,000 cardmembers rated 4.8 out of 5 stars* and now Discover 'Ranked Highest in Customer Satisfaction with Credit Card Companies in a Tie' by J.D. Power*.
  • 5% cash back for online shopping and department store purchases on up to $1,500 - Oct. through Dec. 2014 when you sign up*. 1% cash back on all other purchases.
  • Free FICO® Credit Score online and on monthly statements*.
  • No annual fee, no late fee for your first late payment - APR won't go up for paying late, no overlimit fee and no foreign transaction fee*.
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
  • *+See rates, rewards, free FICO® Credit Score terms and other info by clicking 'Apply.'
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 6 months*

0% for 18 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


Discover it

This version of the Discover “it” card features 14 months of interest free financing on both new purchases and balance transfers. This offer is the better choice for consumers who need to continue to use their card to make new purchases.

  • 0% intro APR on purchases & balance transfers for 14 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • Over 5,000 cardmembers rated 4.8 out of 5 stars* and now Discover 'Ranked Highest in Customer Satisfaction with Credit Card Companies in a Tie' by J.D. Power*.
  • 5% cash back for online shopping and department store purchases on up to $1,500 - Oct. through Dec. 2014 when you sign up*. 1% cash back on all other purchases.
  • Free FICO® Credit Score online and on monthly statements*.
  • No annual fee, no late fee for your first late payment - APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
  • 100% U.S.- based customer service—anytime, day and night.
  • *See rates, rewards, free FICO® Credit Score terms and other info by clicking 'Apply.'
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 14 months*

0% for 14 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


To learn more or compare additional offers, please see the 0% APR Balance Transfer section of this website.

Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 323 posts.

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