3 Best Credit Cards for Paying Off DebtUpdated: Aug. 7, 2018

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 3 best credit cards for paying off debt.

Citi Diamond Preferred Card – 21 Month Balance Transfer Offer

3 Best Credit Cards for Paying Off DebtWant a card with the longest 0% intro APR period? If so, the Citi Diamond Preferred Card – 21 Month Balance Transfer Offer (a NextAdvisor advertiser) is the card for you, as it offers the longest 0% intro APR period of any card we’ve reviewed. Cardholders will get a whopping 21-month 0% intro APR on balance transfers! The Citi Diamond Preferred Card has a higher balance transfer fee of 5% (with a $5 minimum), but the ultra long 0% intro APR may be worth paying a higher fee. Cardholders will also receive a 12-month 0% intro APR on purchases. Other perks of the Citi Diamond Preferred Card, a card that’s available to those with good to excellent credit (often considered a credit score of 700 or higher), has no annual fee, free monthly updates to your FICO credit score and the ability to select your own due date.

Discover it Cash Back

3 Best Credit Cards for Paying Off DebtThe Discover it Cash Back card is our top pick for a number of reasons. First, it offers a 14-month 0% intro APR on purchases and balance transfers (after that, the go-to rate applies), giving you ample time to pay down any debts you transfer or purchases you make with the card. The card charges a 3% balance transfer fee, but this one-time fee is likely a lot lower than the ongoing interest you’re paying on your current credit card. Next, the card is available to those with average to excellent credit (usually considered a credit score of 670 or higher), unlike the other two cards in this post that are available to those with good to excellent credit (a credit score of 700 or higher). Finally, the card earns some stellar cash back rewards, which means it’s a card you’ll want to keep in your wallet even after the 0% intro APR expires. You’ll earn 5% cash back on rotating categories each quarter you activate (up to the quarterly maximum, currently $1,500, then it’s 1% back) as well as 1% on all other purchases. The rotating categories allow you to earn cash back on a number of purchases, meaning you won’t be stuck in set categories. For example, 2018’s categories include gas stations and wholesale clubs from January to March, grocery stores from April to June, restaurants from July to September as well as Amazon.com and wholesale clubs from October to December. What’s more, Discover it Cash Back offers a special bonus to new cardholders: at the end of your first year as a cardholder, Discover will match all of the cash back you’ve earned in that year. For example, if you earn $300 cash back in your first year as a cardholder, Discover will match that $300 to give you a total of $600 back! On top of all of that, the Discover it Cash Back card has no annual fee, charges no foreign transaction fees and provides cardholders with a number of added perks, including free identity theft alerts, free FICO credit scores and more.

The Amex Everyday Credit Card from American Express

3 Best Credit Cards for Paying Off DebtAvoiding balance transfers fees isn’t easy, unless you have the Amex Everyday Credit Card from American Express (a NextAdvisor advertiser) in your pocket. That’s because the card not only offers a 15-month 0% intro APR on balance transfers, but it also has no balance transfer fee for transfers requested in the first 60 days! Cardholders will also appreciate that the 15-month 0% intro APR also applies to purchases. Similar to the Discover it Cash Back card mentioned above, the Amex Everyday Credit Card from American Express earns rewards on purchases, making it a card that you’ll probably want to continue to use after the 0% intro APR expires. You’ll earn 2X points at U.S. supermarkets (up to $6,000/year in purchases, then it’s 1 point) and 1 point per $1 spent on all other purchases. Additionally, when you spend $1,000 on purchases in the first 3 months, you’ll earn 10,000 points — that’s equal to $100 in flights via American Express Travel. The rewards don’t stop there, as when you use your card to make 20 or more purchases in a billing period, you’ll earn 20% more points back (less credit and returns). Points earned with the Amex Everyday Credit Card from American Express can be redeemed for entertainment, dining, merchandise, online shopping and travel via American Express Travel. This card also has no annual fee and is available to those with good to excellent credit (usually considered a credit score of 700 or higher).

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 reviews of the best low 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.