24 month 0% intro APR balance transfer credit cards | finder.com

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What is a 24 month balance transfer credit card?

There are no 24 month balance transfer cards currently on the market.

Updated . What changed?

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Get 18 months intro on transfers: Citi® Diamond Preferred® Card

18 months

Intro APR on transfers

  • Market-leading 18 months intro APR on transfers and purchases
  • Potentially low revert rate of 14.74%-24.74% variable
  • No annual fee
Apply now
A 24 month balance transfer card lets you transfer debts from your existing cards to a new card with an introductory 0% interest rate lasting 24 months. At the end of the introductory period, any unpaid debt from the balance transfer is charged interest at a higher, standard rate. Unfortunately, there are no 24-month balance transfer cards with an 0% intro APR period on the market at the moment. However, there are still several options available with periods longer than 12 months. Here’s a look at your alternatives to 24 month balance transfer credit cards.

Has there ever been an interest-free credit card for 24 months?

Yes. In 2017 Santander Bank Sphere Card offered a 24-month balance transfer intro APR period to customers who applied at their branches in the Northeastern US. Since the discontinuation of the card however, no provider has stepped up to provide a competing card.

Will a 24-month balance transfer card come back on the market?

We don’t know. But if you need to make a balance transfer and save money on interest, waiting for a card that may never come out could be counterproductive. You can still find a variety of strong long-term intro APR balance transfer cards to choose from however, such as the Citi® Double Cash Card or Citi Simplicity® Card.

Alternatives to 24 month balance transfer cards

Here’s a look at some balance transfer cards with intro offers of at least 18-months. All of the listed cards charge no annual fee but do require at least a good credit score to qualify.

Credit CardIntro APR Period on Balance TransfersRevert rate (based on your creditworthiness)Balance transfer fee (whichever is greater)
U.S. Bank Visa® Platinum Card20 monthsFrom 14.49%

to 24.49%

$5 or 3%
Citi® Diamond Preferred® Card18 monthsFrom 14.74%

to 24.74%

$5 or 3%
Citi Simplicity® Card18 monthsFrom 14.74%

to 24.74%

$5 or 3%
HSBC Gold Mastercard® credit card18 monthsFrom 13.99%

to 23.99%

$10 or 4%
Wells Fargo Platinum Card18 monthsFrom 15.49%

to 24.99%

$5 or 5%
Citi® Double Cash Card18 monthsFrom 13.99%

to 23.99%

$5 or 3%

Compare credit cards with 0% intro APR on balance transfers

%
Name Product Amount saved Balance transfer APR Balance transfer fee Recommended minimum credit score Filter values
Citi® Diamond Preferred® Card
0% intro for the first 18 months (then 14.74% to 24.74% variable)
$5 or 3% of the transaction, whichever is greater
670
An impressive 18 months intro APR on balance transfers and purchases, as well as no annual fee make this one of the top 0% APR cards available.
Citi® Double Cash Card
0% intro for the first 18 months (then 13.99% to 23.99% variable)
$5 or 3% of the transaction, whichever is greater
670
Get a strong 18 month 0% intro APR on balance transfers AND up to 2% back. This is a rare card that offers both rewards and balance transfers.
TD Cash Credit Card
0% intro for the first 15 months (then 12.99%, 17.99% or 22.99% variable)
$5 or 3% of the transaction, whichever is greater
680
3% on dining and 2% on groceries make this a valuable card for food purchases. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
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Must read: Making payments on a balance transfer credit card

Even if a balance transfer credit card offers introductory 0% interest, you still need to pay at least the minimum amount posted 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.

Pros and cons of a 24-month balance transfer credit card

Pros

  • Save longer on interest. Assuming it returns, a 24 month balance transfer card is the longest period of time you’ll find on for consolidating debt on a credit card.
  • Ideal for large transfers. If you have a large amount of debt to transfer, you might not be able to pay it off with the more common balance transfer periods such as 15 months.

Cons

  • Can delay rewards. If a card with a long balance transfer offer also earns rewards, you won’t be able to effectively earn those rewards until you pay off your transferred debt.
  • High revert rates. If you can’t pay off your transferred debt in time, you could be slapped with a higher revert APR. Depending on how much you have left over on your debt, the interest can add up quickly.

Balance transfer credit card alternatives

Even a 24 month balance transfer card has some limitations. For example, the maximum you can transfer to a credit card is ultimately determined by your credit limit. Depending on your credit score, transferring your entire intended debt to your balance transfer card might prove impossible. Or you might simply need more than 24 months to comfortably deal with your debt.

If either is the case, consider looking into a personal debt consolidation loan. Repayment periods on these loans can last much longer than a balance transfer card, upwards of several years. You can also borrow a much larger amount than you could transfer with a balance transfer card. The only tradeoff is debt consolidation loans don’t offer 0% intro periods, instead offering much lower interest rates for your debts.

Bottom line

At the moment, there are no 24-month balance transfer credit cards with a 0% intro APR period. However, you can still find solid options with up to 21 months of 0% intro APR period on balance transfers that could save you money on interest.

You may also want to compare other balance transfer cards with different features, such as no annual fee, so that you can find a card that offers the most value for your circumstances and goals.

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