May’s Best Balance Transfer Offers

may-sbt-indexAs spring stretches into summer, many credit card users have not been able to recover from their holiday spending. And the most powerful tool for avoiding interest charges while paying down existing debt remains credit cards with 0% APR promotional balance transfer offers.

This May, credit card applicants can chose from these five top credit cards:

Citi Simplicity® Card

Simplicity continues to offer 18 months of interest free financing on both new purchases and balance transfers, with a 3% balance transfer fee. In addition, Simplicity boasts no late fees and no penalty interest rates, and there is no annual fee for this card.

  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% 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% - 21.99% (Variable)*

$0*

Excellent Credit


Citi® Diamond Preferred® Card

Also from Citi, the Citi® Diamond Preferred® Card features the same 18 months of interest free financing that is offered with Simplicity. But instead of no late fees and no penalty interest rates, the Citi® Diamond Preferred® Card features several travel insurance and purchase protection policies that are usually found reward cards with annual fees. But unlike those products, there is no annual fee for this 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


Discover it™

Discover’s new offering for 2013 continues to win over fans with two different promotional financing offers. The first, is for 14 months of 0% APR financing on both new purchases and balance transfers, with a 3% balance transfer fee. The other is for 18 months of 0% APR financing on balance transfers, but only 6 months for new purchases. Yet both cards feature 1% cash back on all purchases, and 5% back on purchases from categories of merchants that change every quarter. In addition, there is no annual fee or foreign transaction fees for this card, and the late late fee is automatically waived for card holder’s first late payment.

  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • *Click 'Apply' to see rates, rewards, and free FICO® Credit Score terms and other information.
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


Citi ThankYou® Preferred Rewards Card

Citi offers its ThankYou® Preferred Rewards Card with both rewards and a promotional financing offer. New applicants receive 12 months of 0% APR financing on new purchases and balance transfers, with a 3% balance transfer fee. In addition, cardholders receive 15,000 ThankYou points after making $1,000 in purchases within 90 days of opening a new account. This is worth $150 in gift cards, loan repayments, or travel booked through Citi. Cardholders also receive one ThankYou point per dollar spent on all purchases, and there is no annual fee.

Slate® from Chase

Slate remains in a class of its own as it is the only credit card with a 0% APR promotional balance transfer offer and no balance transfer fee. New applicants receive 15 months of interest free financing on both new purchases and balance transfers. There is no annual fee for this card.

  • Pay less interest. Save on balances and new purchases.
  • $0 balance transfer fee - introductory offer!
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • $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%, 22.99% (V)*

$0

Excellent Credit


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 249 posts.

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