NerdWallet’s database of more than 1,200 cards can point you to the best credit card options for your preferences, whether you’re interested in a 0% APR, a balance transfer or a rewards card. But what if you want all three? Good news: We’ve found three cards that offer the triple threat of a balance transfer option, cash rewards and a long 0% introductory APR.
Citi® Double Cash Card – 18 month BT offerCiti® Double Cash Card – 18 month BT offer offers one of the most innovative rewards programs in the industry — you’ll receive 1% cash back when you make a purchase and another 1% when you pay it off. Rewards can be redeemed starting at $25 for cash, statement credit or gift card.
The Citi® Double Cash Card – 18 month BT offer has an introductory APR of 0% on Balance Transfers for 18 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. The balance transfer fee is 3%. The card has an annual fee of $0 and foreign transaction fees of 3%.
The Citi® Double Cash Card – 18 month BT offer is best for those whose spending doesn’t line up with the bonus categories of the Chase Freedom® or Discover it® Cash Back. The potential cash back — provided you pay off your balance — is very high for the industry.
The Chase Freedom® offers 5% cash back rewards on quarterly rotating categories and 1% back on everything else. The latest bonus categories are as follows:
|Chase Freedom® bonus rewards categories for 2020|
|Q1 (Jan. 1 - March 31)||• Gas stations.
• Select streaming services.
• Internet, cable and phone services.
|Q2 (April 1 - June 30)||• Grocery stores.
• Gym memberships and fitness clubs.
• Select streaming services.
|Q3 (July 1 – Sept. 30)||• Amazon.com.
• Whole Foods Market.
|Q4 (Oct. 1 – Dec. 31)||TBD (In 2019, department stores, PayPal and Chase Pay.).|
There’s also a nice signup bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
The Chase Freedom® offers an introductory APR: 0% APR for 15 months on purchases and balance transfers, and then the ongoing APR of 16.49% - 25.24% Variable APR. For the first 60 days your account is open, you get an introductory balance transfer fee of 3% (minimum $5); after 60 days, the fee rises to 5% (minimum $5). The annual fee is $0.
The Chase Freedom® is best for cardholders whose spending more or less lines up with the 5% bonus categories.
Discover it® Balance Transfer (No longer in market)
The Discover it® Balance Transfer (No longer in market) offers 5% cash back on quarterly rotating categories on up to $1,500 in bonus category spending per quarter (after activation) and 1% back on everything else. Here are the bonus categories:
|Discover bonus rewards categories for 2020|
|Q1 (Jan. 1 – March 31)||• Grocery stores.
|Q2 (April 1 – June 30)||• Gas stations.
• Uber and Lyft.
• Wholesale clubs.
• June only: Home Depot
|Q3 (July 1 – Sept. 30)||• Restaurants.
|Q4 (Oct. 1 – Dec. 31)||• Amazon.com.
The Discover it® Balance Transfer (No longer in market) offers 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 11.99% - 22.99% Variable APR. It charges a 3% intro balance transfer fee (up to 5% on future balance transfers — see terms), and it has an annual fee of $0. It’s the best for cardholders whose spending lines up with the 5% bonus categories.