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The pandemic continues to strain the finances of many American families, but many people are optimistically looking toward 2021 — including credit card issuers.
One of many reasons: Plenty of time to deal with outstanding balances on high-interest credit cards.
Check out these offers for 0% rates on balance transfers for introductory periods of up to 18 months — and some additional perks, too, depending on your needs. See which one best fits your financial situation and spending habits.
Citi Diamond Preferred
This card gives you a whopping 18-month runway with a 0% introductory APR to pay off balance transfers from other cards.
How it works: When you transfer credit card balances from high-rate cards, you pay a fee — $5 or 3% of the transfer, whichever is greater — and then you get an 18-month introductory period at 0% APR to pay off those balances. That means, as of publication, you have until April 2022 at 0% interest. You can save a lot if you are determined to pay down that balance during the grace period.
More perks:
- Pay 0% APR on purchases on this card made in the first 18 months.
- Free access to your FICO credit score.
- No annual fee.
Click here for more details and to compare this with other credit card offers.
Citi Rewards+
This card has a shorter introductory period for balance transfers but offers additional day-to-day perks, such as cash back.
How it works: This card offers a 15-month introductory 0% APR on balance transfers. The balance transfer fee is $5 or 3% of the balance, whichever is greater.
More perks:
- Pay 0% APR on purchases for the first 15 months that you have an account with this card.
- Get 15,000 bonus points if you spend $1,000 within the first three months of opening your account — worth $150 in gift cards.
- No annual fee.
Click here for more details and to compare this with other credit card offers.
Citi Double Cash
We recently named this “The Best Cash-Back Credit Card for Everyday Use” since the Citi Double Cash card earns 1% cash back on every purchase, then earns another 1% cash back when you pay for those purchases. But it’s also got a lengthy balance transfer offer.
How it works: Like the Diamond Preferred, this card offers 18 months of 0% introductory APR on balance transfers. Balance transfers don’t earn cash back, and this card charges a balance transfer fee of 3% or $5, whichever is greater.
More perks:
- Get a total of 2% cash back on every purchase.
- No limits or caps on cash back.
- No confusing categories; everything earns cash back.
- No annual fee.
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