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15-month balance transfer credit cards

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Pay no interest for 15 months when you transfer your debt to a balance transfer card with 0% APR.

Finding a 15-month balance transfer card is like finding a ticket to freedom from mounting debt. These cards can help you consolidate your debts and offer the opportunity to pay it down without paying interest. Consider its terms, fees and perks and compare it to other credit cards with similar promotions to find the right balance transfer card for you.

Compare credit cards with 0% APR on balance transfers for 15 months or more

Name Product Annual Fee Credit Score Min. Intro Balance Transfer APR Reward Value per Dollar Secured or Unsecured Introductory Balance Transfer APR APR (Annual Percentage Rate) for Purchases Annual Fee Minimum Credit Score
680
0%
1
Unsecured
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
Fair (660-699)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
720
0%
Unsecured
0% for the first 15 months (then to variable)
13.99% variable
$0
Good (700-739)
A low, variable APR on purchases, balance transfers and cash advances.
95
680
0%
1
Unsecured
0% for the first 12 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$95
Fair (660-699)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
0%
1.5
Unsecured
0% for the first 15 months (then 14.99%, 18.99% or 24.99% variable)
14.99%, 18.99% or 24.99% variable
$0
Fair (660-699)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
995
715
0%
2
Unsecured
0% for the first 15 billing cycles (then 16.99% variable)
16.99% variable
$995
Good (700-739)
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.
680
0%
Unsecured
0% for the first 20 billing cycles (then 11.99% to 23.99% variable)
11.99% to 23.99% variable
$0
Fair (660-699)
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.
670
0%
1
Unsecured
0% for the first 18 billing cycles (then 14.49% to 24.49% variable)
14.49% to 24.49% variable
$0
Fair (660-699)
0% introductory APR on balances for 18 billing cycles within the first 90 days of opening your account.
720
0%
1
Unsecured
0% for the first 12 statement closing dates (then 15.24% to 25.24% variable)
15.24% to 25.24% variable
$0
Good (700-739)
Earn more cash back for the things you buy most.
690
0%
1.5
Unsecured
0% for the first 15 months (then 16.74% to 25.49% variable)
16.74% to 25.49% variable
$0
Fair (660-699)
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
720
0%
Unsecured
0% for the first 21 months (then 15.99% to 25.99% variable)
15.99% to 25.99% variable
$0
Good (700-739)
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.
680
0%
Unsecured
0% for the first 15 months (then 16.74% to 25.49% variable)
16.74% to 25.49% variable
$0
Fair (660-699)
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.

Compare up to 4 providers

How do 15-month balance transfer credit cards work?

A 15-month 0% balance transfer credit card can offer the benefit of moving existing debt to a new card — minus paying a high APR. Transfer debt from other credit cards or high interest loans, to your new card and take advantage of no interest for 15 months. But you usually won’t be able to transfer your debt from the same provider.

If you’re able to plan your finances, you could be debt free after 15 months. But be careful not to use this card for purchases — any new charges are paid for first, before the transfer amount. So to make the most of your 15-month 0% APR card, pay it off first before using it for purchases.

How can I compare long-term balance transfer credit cards?

Not only should you be looking at the specific terms of a 15-month balance transfer offer, consider other benefits or fees to determine if it benefits you. Consider the following points before deciding on a new card:

  • Length of low-rate offer.
    There are a number of 0% balance transfer cards — some as high as 21 months. Make sure you pick a length of time that’s long enough to pay off your debt.
  • Revert rate.
    Check to see what the interest rate reverts to once the 15 months is up.
  • Annual fee.
    Most balance transfer cards come with an annual fee. What you pay usually has to do with if it offers benefits or rewards, so make sure you can make the annual fee worth it.
  • Balance transfer fee.
    With some cards, there will be a one-time fee from 3% to 5% of balance transfer amount. Make sure the cost is worth the amount you’re saving in interest.
  • Transfer amount.
    When you’re approved for your new card, you’re given a credit limit. Usually your transfer limit is 80% to 95% of your credit limit.

What are the drawbacks of using balance transfer credit cards with long promotional periods?

Annual fees, high revert rates and transfer limits can all be drawbacks to using a balance transfer card — if you’re not prepared for them. Always read the fine print to try and avoid paying unnecessary fees and take advantage of the benefits these cards can offer.

But the biggest drawback that many don’t realize is when you use the card for purchases or cash withdrawals before you pay off your balance transfer. Since 2009 and the implementation of the Credit Card Act, credit card companies are obligated to apply payments in a certain hierarchy. Repayments are applied to items with the highest interest rate. So if you have $5,000 in 0% balance transfer, $400 in purchases and $200 in cash advances, your $600 payment will only be applied to the cash advance — leaving your balance transfer untouched. If you keep on this path too long, you’ll miss your 0% interest window and end up paying the revert rate at the end of your term.

Not even interest-free days on purchases will save you, because this feature is only offered if you pay your balance in full.

Using a balance transfer credit card

Jane was approved for a 15-month balance transfer credit card, and was able to consolidate $10,000 of her debt onto one card with no interest. With a new credit card in her wallet, she thinks there can be no harm in finally buying that $500 television she has had her eye on. Especially when her new credit card features 30 interest-free days.

Jane didn’t read the fine print, and didn’t realize that with an outstanding balance, she doesn’t qualify for interest-free days. Not only that, but her payments won’t touch her balance transfer amount. If she continues this way, she won’t pay off her $10,000 debt before the 15-month term is up, and she’ll be back to paying a high APR.

A 15-month balance transfer credit card definitely has its advantages, but only if you use it right. Compare your options carefully against your spending habits to make sure that this is the right product for you.

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How can I apply?

How you apply depends on the bank and credit card you choose after your research. However, most banks usually require similar eligibility including:

  • Age.
    Most credit cards allow for applications from individuals as young as 18.
  • Residential status.
    If you’re living in the US temporarily, make sure you can take advantage of the special offer.
  • Level of debt.
    Banks won’t offer credit cards to individuals who already have a high debt to income ratio.
  • Income.
    A number of credit cards will have a minimum income requirement in order to qualify.

You will also need to have the following details during the application process:

  • Contact information.
    The bank will need to be able to reach you with any additional questions either by phone or email.
  • Residential information.
    A physical address within the US is required.
  • Income information.
    Proof of how much money you make can be shown with a pay stub or tax documents.

How can I improve my odds of approval?

The first thing credit card look at is your credit score. Those with higher credit scores are often approved for higher credit limits and better rates. Credit scores generally depend on your debt-to-income ratio, how well you tend to your debt, among other things. Before you apply for a credit card, check your credit score to make sure you have a score of 600 or more. Though there are some credit cards that will approve you with a lower score, its likely you won’t get the credit limit you need or the rate you want.

Bottom line

Scoring a 15-month balance transfer card can be your ticket out of debt — if you limit using the card for just that. Remember the more you use the card for other purchases or cash advances, you’ll lose the benefit of the 0% APR and take on more fees. Before choosing a new balance transfer credit card, compare cards.

Frequently asked questions

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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
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Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
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First Access Visa Card®
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APR

29.99
variable

Annual fee

75 For the first year
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Indigo® Platinum Mastercard® Credit Card
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APR

23.9
variable

Annual fee

75 For the first year
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