Money Talks News has partnered with CardRatings for our coverage of credit card products. Money Talks News and CardRatings may receive a commission from card issuers.
Sometimes, the coolest thing about a credit card is the rewards — upgrades, hotel points, travel miles, oh my! But sometimes, what you really need in a credit card is a way to lighten the load of other credit card debt.
If you have balances on cards with a high interest rate, check out these offers for 0% rates on balance transfers for introductory periods as long as 18 months — and some nice cash-back programs, too, depending on your needs. See which one best fits your financial situation and spending habits.
HSBC Gold Mastercard
Why we like it: As a way to pay off other high-interest credit card debt, this card is one of the best offers on the market — with a full 18 months at a 0% interest rate for balance transfers (and on purchases as well). It’s a nice long runway so that you can pay down what you owe at relatively little additional cost. It doesn’t offer a lot of bells and whistles, so you won’t be tempted to run up a bunch more debt.
- No annual fee
- No foreign transaction fees
- Late fee waiver
Note: This card charges a fee of $10 or 4% of the value on balance transfers, whichever is greater. That can add up, so do the math before you apply, but it’s likely much less than you would pay in interest if you’re carrying a balance on another card.
Chase Freedom Unlimited
Why it’s great: This card also has a good balance transfer offer, with 15 months at 0% interest, and a slightly smaller transfer fee than the HSBC Gold Mastercard. If 15 months is a realistic timeline for you to pay off the transferred balance, then jump on this card for all its other perks — including an awesome cash-back program.
- Get all purchases at 0% interest for 15 months as well. (At this moment, that translates to Christmas of 2020.)
- Earn 3% cash back on purchases up to $20,000 in your first year.
- After that, get 1.5% cash back, unlimited, on all purchases.
- No annual fee
Note: This card charges a fee of $5 or 3% of the value on balance transfers, whichever is greater.
Capital One Quicksilver Cash Rewards
Why it’s awesome: This card is another with a balance transfer offer featuring 15 months at 0% interest, as well as 0% interest on all purchases for 15 months. If you’re going to be using it day-to-day, you’ll quickly net a $150 cash bonus after spending $500 with this card within the first three months — and you’ll enjoy a strong cash-back program after that.
- 1.5% cash back on all purchases, unlimited.
- No annual fee.
- No foreign transaction fees.
Note: Balance transfers in the first 15 months are subject to a fee of 3%.
Why we like it: This card offers an introductory 0% interest rate on balance transfers and purchases for 15 months. Like the Capital One card, it also earns you a $150 bonus after spending just $500 in the first three months with the card. It also has a strong cash-back program, but it’s a little more complex than the Capital One card program.
- Get a $150 bonus after $500 worth of purchases in the first three months of opening the account.
- Earn 5% cash back on up to $1,500 purchases in bonus categories each quarter. (That’s up to $75 per quarter or $300 a year.)
- Earn an automatic unlimited 1% cash back on all other purchases.
- No annual fee.
Note: Balance transfers subject to a transfer fee of $5 or 3% of the amount transferred, whichever is greater, within the first 60 days. The transfer fee is 5% after that.
Whatever you need in a credit card — whether it’s reward points, cash back, balance transfer or a low interest rate — you can find with our credit card search tool. Click here to search for the plastic that best fits your needs.