3 Best Credit Cards for Paying Off DebtUpdated: October 11, 2019

Are you carrying debt on a credit card? Did you know there’s a way for you to rid yourself of that debt without paying an arm and leg in interest? By opening a card with a long 0% intro APR on balance transfers and transferring your balance over to the new card, you can pay off your debt without paying a dime of interest. Just make sure the balance is paid off before the 0% intro APR expires to completely avoid any interest charges. Picking the right card for your balance transfer isn’t always easy, but if you keep reading, you can see our picks for the best credit cards for paying off debt.

Capital One Quicksilver Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit CardPrefer a card with a long 0% intro APR, no annual fee and cash back rewards? If so, you’ll want the Capital One Quicksilver Cash Rewards Credit Card in your pocket. That’s because the card not only offers a 15-month 0% intro APR on balance transfers, but it also has a reasonable 3% balance transfer. Cardholders will also appreciate that the 15-month 0% intro APR also applies to purchases. This card also has no annual fee, provides cardholders with free FICO scores and is available to those with good to excellent credit (usually considered a credit score of 700 or higher). On top of that, it earns an unlimited 1.5% cash back on all purchases. Plus, cardholders who spend $500 on purchases in the first 3 months of account opening will earn a $150 cash back bonus!

Citi Double Cash Card

Citi<sup>®</sup> Double Cash CardThe Citi Double Cash Card (a NextAdvisor advertiser) is one of our picks for a number of reasons. First, it offers an 18-month 0% intro APR on balance transfers, giving you ample time to pay down any debts you transfer. The card charges a 3% balance transfer fee ($5 minimum), but this one-time fee is likely a lot lower than the ongoing interest you’re paying on your current credit card. There is no 0% intro APR on purchases, but if you’re planning to transfer a balance, that shouldn’t matter too much. Next, the card earns 2% cash back on all purchases in a unique way. Here’s how it works: cardholders earn 1% when they make a purchase and another 1% when they pay for that purchase. Although balance transfers do not earn cash back, these rewards offer a great reason to keep the card in your wallet long after the 0% intro APR expires. On top of all of that, the Citi Double Cash Card has no annual fee and provides cardholders with a number of added perks, including travel insurance, car rental insurance and more.

Chase Freedom Unlimited

Chase Freedom Unlimited®If you want a straightforward cash back credit card with a long 0% intro APR period, Chase Freedom Unlimited is perfect for you. Kicking things off is a 15-month 0% intro APR on purchases and balance transfers! You’ll pay a 3% intro balance transfer fee (with a $5 minimum) for transfers in the first 60 days (after that, 5% or $5 minimum), but this one-time fee is worth paying when you consider your current credit card’s interest rate. Next, you’ll earn a $150 bonus after spending $500 on purchases in the first 3 months! Additionally, you’ll earn an unlimited 1.5% cash back on all purchases, which means you don’t have to worry about rotating categories or spending caps. Other perks of Chase Freedom Unlimited, a card that’s available to those with good to excellent credit (often considered a credit score of 700 or higher), include no annual fee and free access to your FICO score, updated every month.

Discover it Balance Transfer

Discover it® Balance TransferOne card that’s hard to beat for its balance transfer offer plus great cash back rewards is the Discover it Balance Transfer. Anyone who is looking to transfer high interest credit card debt will appreciate the Discover card’s 18-month 0% intro APR on balance transfers (after that, a go-to variable rate applies). The Discover it Balance Transfer does charge a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms), which is worth factoring into your calculations but this one-time fee is likely a lot lower than your current credit card’s interest. In addition to this introductory balance transfer offer, cardholders will also enjoy 5% cash back on rotating quarterly categories (up to the quarterly maximum, currently $1,500, then it’s 1% back) and 1% cash back on all other purchases. Although you’re required to activate the 5% rewards every quarter, Discover will remind you when it’s time to do so.

If you’re carrying debt, it often feels like you’re trapped with no way out of paying your high interest. Luckily, by opting for one of the cards noted in this post, you can pay off your debt interest free! Visit our 0% APR credit cards to see how the three cards listed in this post compare to others on the market.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.