A 21-month 0% intro APR on balance transfers gives you nearly two years to pay down debt without interest. There are no rewards, but that’s not what this card is for.
The bottom line
If you’re carrying a balance on a high-interest card, the Harbor Bank Clear Balance Card can save you hundreds or even thousands of dollars in interest. Just be sure to transfer within the first four months to get the full intro period.
Harbor Bank Clear Balance Card
- Annual fee:$0
- Rewards rate:None
- Intro APR:0% for 21 months
- Transfer fee:5% (min $5)
- Regular APR:18.99%–29.24% Variable
- Credit score:670–850 (Good–Excellent)
Rates & fees apply. Offer terms set by the issuer.
Pros and cons
- 0% intro APR for 21 months on transfers
- No late fees or penalty APR
- No annual fee
- Free monthly credit score
- No rewards program
- 5% balance transfer fee
- Transfers must post within 4 months
Detailed review
The Clear Balance Card does one thing and does it well: it buys you time. Transfer a balance in the first four months and you pay no interest on it for 21 months. On a $5,000 balance at a 24% APR, that can save more than $1,500 compared with paying it off on your current card.
Harbor also skips the fees that make debt worse. There are no late fees and no penalty APR, so one missed payment will not erase your intro rate.
Harbor Bank Clear Balance: the basics
- Card type: Balance transfer
- Annual fee: $0
- Intro APR: 0% on balance transfers for 21 months, and on purchases for 12 months
- Balance transfer fee: 5% of each transfer (min $5)
- Interest rate: 18.99%–29.24% Variable APR
- Late fees: None
Ongoing rewards
- This card does not earn rewards.
- Use it to pay down debt, then switch your everyday spending to a rewards card.
How much can you save?
Divide your balance by 21 to find the monthly payment that clears it before the intro period ends. A $4,200 balance needs about $200 a month, and you would pay only the one-time $210 transfer fee instead of roughly $1,100 in interest.
Ledgerly tip
Stop using the card you transferred from, but don’t close it. Keeping the old account open helps your credit utilization and the length of your credit history.
Benefits and perks
- No late fees and no penalty APR if you miss a payment.
- Free monthly credit score so you can watch your score rise as you pay down debt.
- Payment date flexibility lets you pick the due date that matches your paycheck.
Drawbacks and considerations
No rewards. Once your balance is paid off, there’s little reason to use this card for new purchases.
Higher transfer fee. At 5%, the fee is higher than some rivals, like the Crestview Low Rate Card at 3% intro.
Compare to other cards
-
Crestview Low Rate Card
0% APR for 18 months
- Annual fee:$0
- Rewards rate:None
- Intro APR:0% for 18 months
- Transfer fee:3% intro, then 5%
- Regular APR:16.24%–24.74% Variable
- Credit score:670–850 (Good–Excellent)
Rates & fees apply. Offer terms set by the issuer.
-
Brightline Cash Plus Card
$200 cash bonus
- Annual fee:$0
- Rewards rate:2%–5% cash back
- Intro offer:$200 bonus
- Intro APR:0% for 15 months
- Regular APR:19.49%–28.49% Variable
- Credit score:670–850 (Good–Excellent)
Rates & fees apply. Offer terms set by the issuer.
Is it right for you?
If your goal is to get out of credit card debt, the Clear Balance Card gives you one of the longest interest-free runways available. Make a payoff plan on day one and stick to it.
One of the longest 0% intro periods on balance transfers, plus no late fees and no penalty APR.
Rates & fees apply. Offer terms set by the issuer.
Frequently asked questions
How long do I have to transfer a balance?
Transfers must post within 4 months of opening the account to get the 21-month 0% intro APR.
Can I transfer a balance from another Harbor Bank card?
No. Like most issuers, Harbor does not allow transfers between its own cards.
What happens after the intro period?
Any remaining balance starts accruing interest at the regular variable APR of 18.99%–29.24%.