21-month balance transfer credit cards August 2018 | finder.com
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What 21-month 0% APR balance transfer credit cards are out there?

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Pay no interest when you transfer your debt to a 21-month balance transfer card.

If you’re struggling to pay off credit card debt, moving the balance to a card that offers 0% APR for 21 months could help you save on interest and pay down your debt faster. But, what cards are out there that offer a 21 month intro period? You may be hard pressed to find many options beyond ones like the Citi® Diamond Preferred® Card, but take a look at our comparison table to see other offers including 12 months and more.

What is a 21-month balance transfer credit card?

These cards let you transfer a balance from one or more existing credit cards to a new card with a long introductory 0% APR. At the end of the introductory period, any unpaid debt from the balance transfer is charged interest at the standard — or revert rate — for that card, which can be as high as 22%.

If you have a lot of debt to pay off, getting a card with an introductory 0% APR for 21 months could help you pay off the entire debt before the higher standard interest rate applies. But keep in mind that only your balance transfer debt is eligible for the introductory 0% APR and any new purchases you make will be charged interest at the standard purchase rate.

Making payments on a balance transfer credit card

Even if a balance transfer credit card offers 0% APR, you’ll still need to pay at least the minimum amount listed on your statement by the due date. If you want to pay off your debt before the introductory period ends, you’ll also need to pay more than the minimum amount each month.

Do 24-month balance transfer credit cards exist?

In the US, you’d be hard pressed to find a balance transfer card that offers 0% for longer than 21 months. A long balance transfer card in the US is considered 6 to 21 months, and can save you 100s of dollars in APR fees, if you stay focused on paying more each month.

How to compare cards

Consider these details when comparing different balance transfer credit cards, including ones with 21 month intro periods:

  • Promotional balance transfer rates and fees. Most of these cards offer 0% APR for a 21-month introductory period, although some may offer even longer low APR periods. Depending on the card, you could also pay a one-off balance transfer fee, which is usually around 3% to 5% of the total debt you transfer. If the introductory interest rate is not 0% or if there is a balance transfer fee, you’ll need to consider the cost compared to other long-term balance transfer options.
  • Annual fee. Most balance transfer credit cards charge an annual fee. Sometimes it’s waived in the first year. Either way, make sure that the annual fee is affordable based on your debt, repayments and the other features of the card.
  • Standard interest rate. After the introductory period, any remaining balance from your transfer is charged interest at the revert rate for that card — and can be as high as 22%. Also, any new purchases are charged interest at the card’s purchase rate, and can affect how long it takes to pay off your balance transfer.

Compare credit cards with 0% APR on balance transfers

Rates last updated August 15th, 2018
Name Product Product Description Intro APR for Balance Transfer APR for Purchases ( Purchase Rate ) Annual fee Minimum Credit Score
Citi® Diamond Preferred® Card
Lowest intro APR for 21 months plus VIP Access.
0% Intro APR for 21 months (with whichever is greater, $5 or 5% balance transfer fee)
14.49% to 24.49% variable
$0
Fair (660-699)
 U.S. Bank Visa® Platinum Card
Special 0% introductory APR* on purchases and balance transfers for the first 20 billing cycles and after that, a variable APR, currently 11.49% – 23.49%,* based on your creditworthiness.
0% Intro APR for 20 billing cycles (with whichever is greater: $5 or 3% balance transfer fee)
11.74% to 23.74% variable
$0
Fair (660-699)
Sphere® Credit Card
0% introductory APR on balances for 18 billing cycles within the first 90 days of opening your account.
0% Intro APR for 18 billing cycles (with whichever is greater, $10 or 4% balance transfer fee)
14.24% to 24.24% variable
$0
Poor (Below 660)
HSBC Cash Rewards Mastercard® credit card
Earn unlimited 1.5% cash rewards on all purchases. See Rates and Fees
0% Intro APR for 15 months (with whichever is greater: $10 or 4% balance transfer fee)
14.74%, 18.74% or 24.74% variable
$0
Fair (660-699)
Apply now Read review
Blue Cash Everyday® Card from American Express
Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $150 back in the form of a statement credit.
0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
14.74% to 25.74% variable
$0
Fair (660-699)
Bank of America® Cash Rewards Credit Card
Earn more cash back for the things you buy most.
0% Intro APR for 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
14.74% to 24.74% variable
$0
Good (700-739)
Luxury Card Mastercard® Gold Card™
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
0% Intro APR for 15 billing cycles (with whichever is greater: $5 or 3% balance transfer fee)
16.74% variable
$995
Apply now Read review
Chase Freedom Unlimited® credit card
Earn unlimited 1.5% cash back on every purchase – it's automatic. No minimum to redeem for cash back.
0% Intro APR for 15 months (with whichever is greater, $5 or 5% balance transfer fee)
16.74% to 25.49% variable
$0
Fair (660-699)
Citi Simplicity® Card
This is the only card with No Late Fees, No Penalty Rate and No Annual Fee - Ever. Give it a try and apply to find out what the Citi Simplicity® Card can do for you.
0% Intro APR for 18 months (with whichever is greater, $5 or 5% balance transfer fee)
15.74% to 25.74% variable
$0
Good (700-739)
Chase Slate® Credit Card
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
0% Intro APR for 15 months (with $0 for transfers in first 60 days. Then $5 or 5% balance transfer fee)
16.74% to 25.49% variable
$0
Fair (660-699)

Have we missed anything in the comparison table? Tell us

Compare up to 4 providers

Pros and cons of a 21-month balance transfer credit card

Pros

  • Save on interest. The savings you’ll make from paying no interest for 21 months or more can help you pay off your debt faster.
  • Long repayment period. Balance transfers generally last between 6 and 21 months, so this is one of the longest repayment periods available for low balance transfer offers. As long as you figure out how much you need to repay each month, it should be a generous time frame to repay any existing debt before the interest applies.

Cons

  • Standard rate applies to new purchases. Avoid buying new items using this credit card because you’ll pay the revert rate. Your monthly payments will go towards those purchases first, making it take longer to repay your balance transfer.
  • High revert rates. The low or 0% interest rate is only in place for the introductory period. After that time a much higher interest rate applies to any remaining balances.

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Leah Fallon

Leah Fallon is a writer and editor for finder.com. She's here to fix annoying apostrophes, elusive infinitives and the muddled em and en dash. When she's not helping people with their finances, you can find her wrangling her two sprightly girls in Leesburg, Virginia.

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US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
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