What happened to 0% balance transfers? This question is about Balance Transfer Credit Cards

Many lenders temporarily removed 0% balance transfers from credit cards in response to the economic disturbance caused by Covid. Since then, 0% APR offers on balance transfers have rebounded to pre-pandemic levels. Currently, credit cards with 0% balance transfer APRs charge no interest for an average of 13 months. Popular Credit Cards with 0% Balance Transfers 0% Intro APR for 18 billing cycles U.S. Bank Visa® Platinum CardU.S. Bank Visa® Platinum CardLearn MoreLearn MoreRates & Fees0% Intro APR for 21 months Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website0% Intro APR for 21 months Citi® Diamond Preferred® CardCiti® Diamond Preferred® CardLearn MoreLearn Moreon issuer's website0% Intro APR for 21 billing cycles BankAmericard® credit cardBankAmericard® credit cardLearn MoreLearn Moreon issuer's website0% Intro APR for 15 months Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit CardLearn MoreLearn More You can easily compare the best cards with 0% balance transfer APRs on WalletHub.

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What happened to 0% balance transfers?

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This question is about Balance Transfer Credit Cards

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Bianca Smith, WalletHub Credit Cards Analyst

@bianca_stoian • 09/30/22 This answer was first published on 01/04/22 and it was last updated on 09/30/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Many lenders temporarily removed 0% balance transfers from credit cards in response to the economic disturbance caused by Covid. Since then, 0% APR offers on balance transfers have rebounded to pre-pandemic levels. Currently, credit cards with 0% balance transfer APRs charge no interest for an average of 13 months.

Popular Credit Cards with 0% Balance Transfers

0% Intro APR for 18 billing cycles U.S. Bank Visa® Platinum CardU.S. Bank Visa® Platinum CardLearn MoreLearn More
Rates & Fees0% Intro APR for 21 months Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
0% Intro APR for 21 months Citi® Diamond Preferred® CardCiti® Diamond Preferred® CardLearn MoreLearn Moreon issuer's website
0% Intro APR for 21 billing cycles BankAmericard® credit cardBankAmericard® credit cardLearn MoreLearn Moreon issuer's website
0% Intro APR for 15 months Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit CardLearn MoreLearn More

You can easily compare the best cards with 0% balance transfer APRs on WalletHub.

Answer Question

What happens when 0% APR ends?

When a 0% APR period ends, the credit card’s regular APR will kick in. That rate will apply to any unpaid balance remaining on the credit card as well as any new purchases made from that point on. The regular APR that applies when a 0% APR period expires tends to be very high, so it’s best not to leave much of a balance for it to affect.

The only exception to this rule...

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What does 0% APR mean on a credit card?

A 0% APR means that you pay no interest on new purchases, balance transfers or both for a certain period of time after you open the credit card account. The best 0% APR credit cards on the market currently give 15-21 months without interest. The average 0% APR intro period is about 12 months for cards offering 0% on purchases, according to WalletHub’s Credit Card Landscape Report, and around 13 months for the average card with 0% on balance transfers.

A 0%...

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How many credit cards is too many?

Too many credit cards might for most people could be six or more, given that the average American has a total of five credit cards. Everyone should have at least one credit card for credit-building purposes, even if they don’t use it to make purchases, but the exact number of cards you should have differs by person. It depends on how well you can manage one credit card, then two, and so on.

If you’re not sure how many credit cards is too many...

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