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The average American carries over $15,000 in credit card debt and with the average credit card interest rate being around 13% the cost to carry this balance cost $1,950 per year.

What if there was a way for you to reduce your borrowing costs which would help you pay down your debt sooner?  Would saving, on average, $1,950 per year on credit card finance charges interest (pun intended) you?

One of the easiest ways to reduce your finance charges is to get approved for one of the best 0% balance transfer credit cards. 

What Is A 0% Balance Transfer Credit Card?

Many credit card companies have special introductory offers that allow you to transfer a lump sum of money from your current credit card to your new credit card and, better yet, they will allow you to carry that balance for an extended period of time (sometimes up to 18 months) at 0% interest.

Now, you have to be sure to check the one time transfer fee which, typically, should be between 3%-5% but I always recommend you ask to have the fee waived (or at least reduced).

Even with the 3%-5% balance transfer fee it should be clear that you can save a good amount of money by taking advantage of a 0% balance transfer credit card offers.

How You Can Save Money With A 0% Balance Transfer Credit Card

Let’s assume for the sake of this example that, when it comes to your finances, you’re a little better at managing your money than the average American and you have $10,000 of credit card debt at 13% interest.  The financing charges will cost you $1,300 per year or $108.33 per month.

If you were to take advantage of one of the best 18 month no interest balance transfer credit card offers below, with a 3% balance transfer fee, the total cost to carry your $10,000 credit card balance over those 18 months would be $300.

If you were able to pay $572.22 towards this balance per month for the 18 months that you are able to enjoy the 0% interest rate you would be able to fully pay off your $10,000 credit card debt while only accruing $300 in finance charges.

The Best 0% Balance Transfer Credit Card Offers

There are many options when it comes to zero interest balance transfer credit cards.  The following list are the best offers, based on the length of time the 0% introductory offers is available for, the balance transfer fee and other perks and/or features of the cards.  Of course, please makes sure the no interest balance transfer credit card offer you select is right for you based on your own personal financial situation.