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HomeBonus OffersBiggest 'No Annual Fee' Credit Card Bonuses in October 2021

Biggest ‘No Annual Fee’ Credit Card Bonuses in October 2021

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Rewards CardBonusBonus OfferIntro APR
Chase Freedom Flex℠ Card$200Spend $500 during first 3 monthsNew purchases
Chase Freedom Unlimited® card$200Spend $500 during first 3 monthsNew purchases
Ink Business Cash℠ Credit Card$750Spend $7,500 during the first 3 monthsNew purchases
Ink Business Unlimited℠ Credit Card$750Spend $7,500 during the first 3 monthsNew purchases
Blue Cash Everyday® Card from American Express$200Spend $1,000 in your first 3 months of Card MembershipNew purchases
Cash Magnet® Card$200Spend $1,000 in your first 3 months of Card MembershipNew purchases
Amex EveryDay® Credit Card10,000 Membership Rewards PointsSpend $1,000 in your first 3 months of Card MembershipNew purchases
Delta SkyMiles® Blue American Express Card10,000 Bonus MilesSpend $500 in your first 3 months of Card MembershipNone
Hilton Honors Card from American Express100,000 Hilton Honors Bonus PointsSpend $1,000 in your first 3 months of Card MembershipNone
Capital One® Quicksilver® Card$200Spend $500 on eligible purchases within 3 months from account openingNew purchases
Capital One® SavorOne® Rewards Card$200Spend $500 on eligible purchases within the first 3 months from account openingNew purchases
Capital One® VentureOne® Rewards Card20,000 milesSpend $500 on eligible purchases within the first 3 months of account openingNew purchases
Wells Fargo Propel American Express® Card20,000 pointsSpend $1,000 within the first 3 monthsNew purchases and balance transfers
Wells Fargo Cash Wise Visa® Card$150Spend $500 within the first 3 monthsNew purchases and balance transfers

>>Review the methodology our financial experts use to determine which credit cards are the best in category.

*Jump to Frequently asked questions about no-annual-fee credit card bonuses.

Best No-Annual-Fee Credit Card Bonuses in October 2021

Paying an annual fee can negate many of the credit card benefits you enjoy most. Whether you’re trying to maximize cash back, save money with a no-interest offer or simply enjoy the perks of a particular card, we’ve rounded up the best and biggest bonuses for no annual fee credit cards. Luckily, some of the best cards without an annual fee also offer excellent rewards. Here’s a look at our top-rated bonuses for credit cards with no annual fee. Scroll beyond this best card bonuses list to see card details from popular card issuers like American Express, Capital One and Wells Fargo.


Chase Freedom Flex℠ Card

Offer Details

Secure application on issuer’s website.

Annual Fee: $0
Bonus: $200
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 1%-5% Cash Back
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $0

Intro APR: New cardholders can enjoy an introductory 0% APR on purchases for the first 15 months.

APR: Variable APR depending on credit worthiness. See terms for details.

Rewards Rate: Earn 5% cash back on up to $1,500 spent each quarter in rotating categories (when you activate), 5% back on travel booked through Chase Ultimate Rewards, 3% back on dining, including takeout and delivery, 3% back at drugstores and 1% back on everything else.

Sign-Up Bonus: Receive a $200 bonus after you spend $500 in the first three months. Additionally, receive 5% cash back on grocery store purchases (not including Target and Walmart) on up to $12,000 during the first year.

Who Should Use This Credit Card? People who want to maximize cash-back rewards with the option to get more value with travel redemptions.

Why We Like It

Why We Like the Chase Freedom Flex® Card

We love that the Chase Freedom Flex card expands on an already lucrative offering from Chase. The original Chase Freedom card was already a solid choice for cash-back enthusiasts, and this one raises the bar.

The Freedom Flex also gives cardholders access to Chase Ultimate Rewards, which is arguably the most versatile credit card rewards platform available. You’ll get plenty of redemption options at good rates. Plus, if you have one of the program’s travel credit cards, you can transfer points from your Chase Freedom Flex to your travel card account and get even more value and flexibility with how you redeem.

For a cash-back credit card, the sign-up bonus is already impressive, but add the grocery store bonus and you’ll be hard-pressed to find a better offer with no annual fee attached.

We love that the Chase Freedom Flex® card expands on an already lucrative offering from Chase. The original Chase Freedom® card was already a solid choice for cash-back enthusiasts, and this one raises the bar. As a new cardholder, you’ll also earn a $200 sign-up bonus after you spend $500 in the first three months. Additionally, you’ll get 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. Read our full review of the Chase Freedom Flex Card.

The Chase Freedom Flex® card is an excellent cash-back credit card for people who are looking to maximize rewards-earning opportunities. Cardholders can take advantage of 5% cash back on rotating bonus categories when you activate (up to $1,500 each quarter), 5% back on travel booked through Chase Ultimate Rewards, 3% back on dining, including takeout and delivery, 3% back at drugstores and 1% back on other purchases. New cardholders can also take advantage of a 0% APR on purchases for the first 15 months with the card. The Chase Freedom Flex offers all of this without any annual fee.


Chase Freedom Unlimited® Card

Offer Details

Secure application on issuer’s website.

Annual Fee: $0
Bonus: $200
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 1.5%-5% Cash Back
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $0

Intro APR: This card allows new cardholders to save money with an introductory 0% interest rate on new purchases for the first 15 months of account opening.

APR: Variable APR depending on credit worthiness.

Rewards Rate: Earn 5% cash back on travel booked through Chase Ultimate Rewards®, 3% back at drugstores and on dining purchases (including takeout and eligible delivery services) and 1.5% back on everything else.

Sign-Up Bonus: New cardholders can receive $200 in cash after spending $500 within the first three months of account opening. Additionally, earn 5% cash back on grocery store purchases up to $12,000 spent during the first year. Note that big box retailers including Target and Walmart do not qualify for this bonus category.

Who Should Use This Credit Card? Households that prioritize cash-back rewards for everyday spending and Chase loyalists who are looking to maximize Ultimate Rewards earnings.

Why We Like It

Why We Like the Chase Freedom Unlimited® Card

You don’t need excellent credit to get the Chase Freedom Unlimited. In fact, many cardholders report getting approved with good credit. We like that the card offers a high flat rewards rate but also provides accelerated rewards on some common everyday spending categories. You’ll also get access to the Chase Ultimate Rewards portal, which allows you to use your cash-back earnings for travel rewards, gift cards and more.

And that sign-up bonus? It’s pretty easy to reach the spending requirements, assuming that you can spend $500 in purchases within the first three billing cycles. Add the fact that there’s a 0% introductory APR for 15 months, bonus rewards on grocery store purchases during the first year and no annual fee, and you’ll see why the Chase Freedom Unlimited is among our favorite flat-rate cards.

The Chase Freedom Unlimited® card is a great all-around card with no annual fee. New cardholders can take advantage of its big $200 sign-up bonus and an introductory 0% APR on purchases for the first 15 months. Read our Chase Freedom Unlimited Card review.

You earn 5% cash back on travel booked through Chase Ultimate Rewards, 3% back at drugstores, 3% back on dining, including takeout and eligible delivery services and a flat-rate 1.5% back on other purchases. There are no rotating categories to track, caps on how much you can earn or excluded purchase categories. Additionally, the Freedom Unlimited awards 5% cash back on grocery store purchases up to $12,000 spent in the first year.

This card has no annual fee; so it’s possible to use it with no costs at all as long as you pay off the balance in full by the due date and avoid certain fee-bearing activity.


Ink Business Cash℠ Credit Card

Offer Details

Secure application on issuer’s website.

Annual Fee: $0
Bonus: $750
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 1%-5% Cash Back
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $0

Intro APR: New accounts enjoy an introductory 0% APR for purchases during the first 12 months.

APR: Variable APR depending on credit worthiness.

Rewards Rate: You earn an amazing 5% cash back on your first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. That can add up to 125,000 points per account year. It also offers you 2% cash back on your first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.

Sign-Up Bonus: This card offers you $750 in cash back after you spend $7,500 on purchases within three months of account opening. The $750 bonus comes in the form of 75,000 Ultimate Rewards points, which can be redeemed for cash, gift cards or travel.

Who Should Use This Credit Card? Small business owners and sole proprietors who want flexibility in their credit card rewards

Why We Like It

Why We Like the Ink Business Cash℠ Credit Card
The Ink Business Cash is legendary for its offer of 5% cash back for purchases at office supply stores and on many telecommunications services, with no annual fee. And while 5% cash back sounds great, these rewards can be much more valuable when paired with another Chase credit card that allows transfers to airline miles or hotel points. In addition to earning excellent cash-back rewards, it also includes competitive introductory offers and provides cards for employees at no additional charge.

This an incredibly valuable card for anyone who owns a small business and makes frequent purchases at office supply stores, which can include furniture, electronics, school supplies, gift cards and printing services. The Ink Business Cash is also a great card to use when paying for your internet service, phone bill or television service. It might not seem like much, but earning 5x rewards on these bills every month will add up to serious rewards very quickly. You earn one point per dollar spent elsewhere.

The Ink Business Cash Card is a great option for entrepreneurs of all types. Earn an impressive 5% cash back on select business purchases. These include the first $25,000 you spend each account anniversary year at office supply stores and on phone, cable and internet services. The card also offers 2% cash back on up to $25,000 in combined purchases at restaurants and gas stations. You’ll earn 1% cash back on virtually everything else you buy. As a new cardholder, get $750 in bonus cash back when you make $7,500 worth of purchases within the first three months your account is open.


Ink Business Unlimited℠ Credit Card

Offer Details

Secure application on issuer’s website.

Annual Fee: $0
Bonus: $750
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 1.5% Cash Back
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $0

Intro APR: New accounts enjoy an introductory 0% APR for purchases during the first 12 months.

APR: Variable APR depending on credit worthiness.

Rewards Rate: This card offers 1.5 cents (as 1.5 Ultimate Rewards® points) per dollar spent on all purchases, with no limits.

Sign-Up Bonus: This card offers you $750 in cash back in the form of 75,000 Ultimate Rewards® points after you spend $7,500 on new purchases within three months of account opening.

Who Should Use This Credit Card? This is a valuable card for those who aren’t interested in bonus categories, or for those who are, but want a separate card just for purchases that don’t qualify for a bonus.

Why We Like It

Why We Like the Ink Business Unlimited℠ Credit Card

Here’s a card that you can use to earn a strong rate of return on all of your business purchases, with no annual fee. The Ink Business Unlimited is technically a cash-back card, but the rewards can be transferred to travel partners when you have another qualifying Chase card that offers this feature. If you want cash back that you can drive back into your business or use for personal expenses, this card could be a great option.

The card has no annual fee but offers an incredible $750 cash bonus after you spend $7,500 in the first three months. You’ll also earn 1.5% cash back on every purchase you make.

Additionally, if you have some purchases coming up and need some time to pay them off, the card’s 0% APR on purchases for 12 months can help you save a lot on interest. And, if you need employee cards, you can get them at no additional charge.

Here’s a card that you can use to earn a strong rate of return on all of your business purchases.  The card has no annual fee but offers an incredible $750 cash bonus after you spend $7,500 in the first three months. You’ll also earn 1.5% cash back on all purchases. The Ink Business Unlimited also doesn’t allow point transfers by itself, but the points can be combined with rewards from other Chase accounts that do allow transfers. It also has travel benefits including an auto rental collision damage waiver, travel and emergency assistance and roadside dispatch.


American Express: Biggest No-Annual-Fee Credit Card Bonuses

Amex CardWelcome BonusBonus EligibilityIntro APR
Blue Cash Everyday® Card from American Express$200Spend $1,000 in your first 3 months of Card MembershipPurchases
Cash Magnet® Card$200Spend $1,000 in your first 3 months of Card MembershipPurchases
Amex EveryDay® Credit Card10,000 Membership Rewards PointsSpend $1,000 in your first 3 months of Card MembershipPurchases
Delta SkyMiles® Blue American Express Card10,000 Bonus MilesSpend $500 in your first 3 months of Card MembershipNone
Hilton Honors Card from American Express100,000 Hilton Honors Bonus PointsSpend $1,000 in your first 3 months of Card MembershipNone

American Express is among the premier card issuers in the U.S. Not only do many of the best Amex cards have sizable welcome bonus offers, they continue to offer value throughout the year with accelerated Membership Rewards Points earnings and cash-back rewards.

No-fee rewards cards like the Cash Magnet and Blue Cash Everyday offer additional benefits like introductory interest free periods, while co-branded airline and hotel cards don’t charge foreign transaction fees for international purchases.

Similar to the non-bonus Citi® Double Cash Card, American Express cash rewards credit cards don’t make you fuss with quarterly bonus categories. Instead, Amex cards offer accelerated earnings on popular household spending categories like U.S. supermarkets and U.S. gas stations.

  • Cash Magnet: Get a flat 1.5% cash back on every purchase you make.
  • Blue Cash Everyday: Earn 3% cash back on the first $6,000 spent per calendar year at U.S. supermarkets (then 1%), 2% cash back at U.S. gas stations and select U.S. department stores and 1% back on other purchases.
  • Amex Everyday: Earn 2X Membership Rewards Points per dollar spent at U.S. supermarkets (up to $6,000 spent per calendar year — then 1X) and 1X points on all other purchases.
  • Delta SkyMiles Blue: Earn 2X miles per dollar spent at restaurants and Delta purchases and 1X points on all other eligible purchases.
  • Hilton Honors: Earn 7X points per dollar spent on Hilton purchases, 5x points at U.S. restaurants, U.S. supermarkets and U.S. gas stations and 3X points on all other purchases.

Capital One and Wells Fargo: Biggest No-Fee Credit Card Bonuses

Card IssuerSign-Up BonusBonus OfferForeign Transaction Fees
Capital One® Quicksilver® Card$200Spend $500 on eligible purchases within 3 months from account openingNo
Capital One® SavorOne® Rewards Card$200Spend $500 on eligible purchases within the first 3 months from account openingNo
Capital One® VentureOne® Rewards Card20,000 milesSpend $500 on eligible purchases within the first 3 months of account openingNo
Wells Fargo Propel American Express® Card20,000 pointsSpend $1,000 within the first 3 monthsNo
Wells Fargo Cash Wise Visa® Card$150Spend $500 within the first 3 monthsYes

Capital One and Wells Fargo are both card issuers that feature some of the more exciting fee-free rewards cards on the market. The SavorOne and Wells Fargo Propel provide rewards-earning opportunities in popular bonus categories common in U.S. households, while the VentureOne and Cash Wise cards feature flat-rate rewards earnings for people who don’t want to fuss with spending categories. Both card issuers, however, allow new cardmembers the to earn bonus points and bonus cash from limited-time bonuses.

Methodology

This list does not represent all of the no annual fee credit cards available today, but rather some of our all-around favorites. We took a look at cards that are fee-free while also offering great rewards and cardholder benefits. Many of these benefits make them competitive even against some of the annual fee cards on the market.

Between the cash back offered and benefits provided, these cards can both save you money each year and make life easier every time you spend.

Frequently Asked Questions About No Annual Fee Credit Cards

Credit cards without an annual fee are a good choice for individuals new to the credit card space. These cards can save you money automatically over a card with a fee. We’ve gathered everything you need to know about choosing a no annual fee credit card so that you can make the best decision for your finances.

What Is an Annual Fee?

An annual fee is a set charge that occurs yearly. For credit cards with annual fees, the charge is applied to your account as soon as you are approved. You will see that same charge on your card anniversary. If you do not pay the annual fee, you will start to pay interest on it.

Since your annual fee is applied to your charge account automatically, that will affect your credit card limit. For example, if you applied for a card with a $5,000 credit limit and the annual fee is $95, your new credit limit will be $4,905 until you pay your bill. Keep this in mind if you are hoping to use your new card for a big purchase right after signup.

Annual fees do not count for sign-up bonuses and they do not earn points or cash back.

Annual fees vary by card, with most fees starting at $95. Some cards, like the Chase Sapphire Reserve, charge a larger annual fee, but the card also comes with more rewards like annual travel credits. Whereas cash-back cards like the Citi Double Cash Card does not charge an annual fee.

When Are Annual Fees Typically Charged?

You should see the charge for your annual fee on your first credit card statement. Some cards waive the annual fee of $95 for the first year. The annual fee for that card would then occur on your first anniversary of opening the card. Usually, you will see a one-time charge on the first day of your anniversary month.

For example, if you opened your new card on January 15th, 2020, you should expect a one-time charge for the annual fee the first week of January 2021. Many cards offer anniversary gifts each year, such as a travel credit. If your card does offer annual credits, they will be available at the same time as your annual fee is charged.

Why Do Some Cards Have Annual Fees?

Many cards offer annual fees so that they can offer more rewards to cardholders. In order to attract new cardholders with spectacular signup bonuses and perks, they need to offset the cost with annual fees.

Compare two of Chase’s credit cards, one with a fee and one without. The Chase Sapphire Preferred has a $95 annual fee, but you can earn up valuable free travel in your first three months if you hit the spending requirement. The Chase Freedom Unlimited has no annual fee and offers a cash signup bonus.

In contrast, the Citi Double Cash Card also has no annual fee, but does not offer a welcome bonus to new cardholders.

Are Credit Cards With Annual Fees Worth It?

One of the top questions among credit card users is, “Are annual fees worth it?” When you are trying to save money and stick with a budget, we can see why paying money to use plastic seems like a waste. However, when used wisely, an annual fee card can save money and earn you more cash back than a no annual fee card can.

Let’s go back to comparing the Chase Sapphire Reserve with the Chase Freedom Unlimited. Both are highly-rated cards, but pack on different benefits. For the sake of this example, let’s say you spent $5,000 in travel and dining during your first year and $5,000 on all other purchases.

For the Chase Sapphire Reserve, you will have paid $95 for an annual fee, but you have the possibility of earning over $937 towards travel after signup bonus and points back. Plus you get other perks like no foreign transaction fees and limited travel insurance and protection. By the end of the year, you pocket $842 worth of travel.

For the Chase Freedom Unlimited, you will have paid $0 for an annual fee and have earned up to $350 back after signup bonus and cash back from spending. By the end of the year, you pocket up to $350 in cash.

Common Benefits of No Annual Fee Credit Cards

In many cases, paying an annual fee is worth it if you use your card wisely and can maximize the card’s benefits. But what is a no annual fee credit card worth? If you are new to using credit cards or are looking for a card to boost your credit, no annual fee cards have many benefits too. Here are the top benefits of no annual fee cards:

  • Rewards: No annual fee cards offer you more back on your spending than if you just use your debit card for eligible purchases. If you switch your main spending to a rewards credit card rather than your debit card, you can earn several hundreds of dollars back each year.
  • Travel: Look for cards that offer travel perks, like $0 foreign transaction fees or travel protection. The Bank of America Travel Rewards credit card has no annual fee card offer 1.5 points per dollar spent on eligible purchases along with $0 foreign transaction fees.
  • Cash Back: Some cards offer maximum cash back without an annual fee. The Bank of America Customized Cash Rewards credit card has rotating cash back categories that earn 3% back in the category of your choice.
  • 0% APR Introductory Rate: Looking to save on a large purchase? Several no annual fee cards also come with an introductory 0% APR for 12-15 months. This can help you pay off a large purchase without paying extra for interest.
  • Easier to Budget: If you are on a tight budget, a no annual fee card can give you credit card benefits without adding any burden to your existing budget.
  • Building Credit: Many of the top annual fee cards require excellent credit, meaning many applications will be rejected due to not having a well-established credit history. You can build up your credit score and history with a no annual fee card.

Who Should Get a Credit Card With No Annual Fee?

An annual fee rewards card isn’t for everyone, but a card without an annual fee might be a better choice for the following:

  • New Credit Users: If you are just dipping your toe in the credit card game, start with a no annual fee card with a sweet signup bonus.
  • Occasional Credit Card Users: If you don’t whip out plastic for every purchase, then a rewards card with an annual fee might not be worth your time. Instead, keep a no annual fee card in your wallet in case of emergencies or for added protection on online and gas station purchases.
  • People Consolidating Debt: If you are trying to tackle your debt load in 2020, then you don’t need an annual fee card to do so. Instead, look for a card that comes with a 0% intro APR for transfer balances. You will have to pay a fee for the initial balance transfer, but the extended 0% APR can help you pay off your debt without worrying about costly interest charges.

Tips to Improve Credit Scores

If you don’t have a strong credit score, you may be wondering what your chances are of getting approved for a card. Unfortunately, it’s difficult to say because credit card issuers don’t disclose their eligibility criteria publicly. However, here are some tips for improving your chances of getting your next credit card.

  • Improve your credit score: If your credit score isn’t in great shape, consider working on improving it before you apply for a new account. Check your credit report to see which areas need work and address them as quickly as possible.
  • Apply within your credit range: Rewards credit cards are appealing, but most of them require good or excellent credit (that’s a FICO credit score of 670 or higher). If your credit score isn’t quite there yet, focus on cards that market to people who are working on building their credit.
  • Don’t give up: If you’ve had a credit card application declined recently, it can be easy to take it personally or get discouraged. In some cases, you may be able to call and ask them to reconsider. If they won’t, just because one card issuer denied you, it doesn’t mean all of them will. While it’s best to avoid applying for multiple credit cards in a short period, don’t be afraid to apply again in the future.

As you follow these steps and consider these tips to improve your credit score, you’ll be in a better position to apply for and get the credit card you want to have.

What Does ‘Other Purchases’ Mean?

With rewards cards, the term “other purchases” typically refers to eligible purchases made outside of bonus categories or spending categories. As an example, the Blue Cash Everyday Card from American Express earns 2% cash back at U.S. gas stations and select U.S. department stores and 1% back on other purchases. Cash rewards rates are usually lowest on spending categorized as “other purchases.”

What Is a Statement Credit?

A statement credit is money paid to your account by your card issuer. It essentially works the same as a cash payment to your account. Some rewards card issuers like American Express often offer statement credits as a payout for cash rewards or other point redemption. Statement credit can be used to pay down your card balance or they can remain on your statement as a positive account balance for future purchases.

Now that you know how no annual fee credit cards work, you can decide if you should have one in your wallet. Take a look at our Credit Card Hub to see the most recent reviews and card offers.

What Is a Foreign Transaction Fee?

A foreign transaction fee is what your credit card issuer — such as Chase or American Express — charges when a transaction you make with your rewards card processes in a foreign currency or passes through a foreign bank. To process these foreign transactions, your card issuer charges you a percentage of the amount of this transaction, typically 3%. You’ll commonly see foreign transaction fees listed on your card statement as a separate charge.

What Is a Balance Transfer Credit Card?

Unlike travel cards like the Chase Sapphire Preferred and the Chase Sapphire Reserve, a balance transfer card is a credit card specifically focused on encouraging consumers to move their debt. A balance transfer card usually offers a 0% APR for a limited period of time to attract borrowers who are tired of a high interest rate. In many cases, it’s possible to find a balance transfer card that will offer 0% APR on credit card balances for 12, 15, 18 or 21 months.

Generally, your new card issuer pays off your debt with the other creditor and you make payments to your new creditor instead.

What Is a Balance Transfer Fee?

Many credit card issuers charge a fee to handle the process of moving your debt from your old creditor to the new card. It’s common for balance transfer fees to be between 3% and 5% of the amount you transfer. Some creditors might also impose a minimum fee of $5 or $10. This fee is typically added to your credit card balance.

For example, if you transfer $2,000 to your new card, and the balance transfer fee is 5%, you’ll end up paying $100 to move the money. That amount is added to your balance, making it $2,100. However, the interest savings from moving your money could easily make up for your balance transfer fee.

What to Look for in a Balance Transfer Offer

When considering a balance transfer credit card, it’s important to pay attention to what matters to you, and what is likely to help you to reach your goals. Some features to pay attention to include:

  • Introductory period: Pay attention to how long the intro period lasts. Many of the best balance transfer credit cards come with a period of 15 months. If you need longer, though, you can look for a card with an 18-month or 21-month intro period.
  • 0% APR: Most balance transfer offers come with a 0% APR, but there are some with low rates of up to 3.99%. Try first for balance transfer offers that don’t charge interest so your entire payment goes to principal.
  • No or low balance transfer fee: Your best results come when there’s no balance transfer fee. However, cards that don’t charge a balance transfer fee are few and far between. If you have a big balance, look for a card with no fee, or one that charges a lower 3% fee instead of a 5% fee.
  • 0% APR purchase APR: When possible, look for a card that also offers 0% APR on new purchases. You might not get a purchase period as long as the balance transfer offer, but it can be a way to put off paying interest on eligible purchases, especially if you’re making a large purchase.
  • Rewards program and signing bonuses: Don’t forget to consider rewards programs and signing bonuses that can make cards more efficient. You can earn cash back that can then put toward paying down your debt. As long as you work toward paying off what you spend each month and have a plan to pay off your balance before the end of the intro period, you should come out ahead.

Prioritize different features based on your immediate needs so that your most pressing issues are handled first. You might have to make trade-offs in order to get the best result.

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Ryan M Tronierhttps://ryantronier.com/
Ryan Tronier is a personal finance expert and writer. His work has been published on NBC, ABC, USATODAY, Yahoo Finance, MSN, and more. Ryan is the former managing editor of the finance website Sapling, as well as the former personal finance editor at Slickdeals. Find him online at ryantronier.com.