The Best Credit Cards with No Balance Transfer Fees
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Making a balance transfer to another credit card can be an effective way to pay down credit card debt. If you’re currently paying a lot of interest each month on a current balance, it can feel like an uphill battle as you make a payment each month. A balance transfer option can allow you to pay down your credit card debt faster, by offering either a lower APR (less interest) or even a 0% introductory APRs period where you don’t have to pay any interest during a specified time period.
However, transferring a balance to another credit card often comes with a balance transfer fee. This fee is usually the greater of $5 or 3% of the transfer, but can be as high as 5%. For example, if you transfer a $10,000 balance, the transfer fee alone could cost $300-$500 .
Thankfully, there are a few credit cards that offer balance transfers with no fees. Some of these also offer a 0% APR period, but even if they don’t, a lower APR credit card can still significantly reduce the amount of money you pay in interest each month, helping you pay off your debt faster. These are the best credit cards with no balance transfer fee.
BankAmericard Credit Card
The BankAmericard Credit Card offers 0% intro balance transfer fee during the first 60 days of account opening, and you can enjoy an intro APR of 0% for 15 billing cycles on balance transfers made during the same 60-day period. After the intro period, a balance transfer fee of 3% (min. $10) applies. The standard APR for both purchases and balance transfers is 12.74%-22.74% variable. There is no annual fee.
Click here to learn more and apply for the BankAmericard Credit Card today!
The Chase Slate card is another great balance transfer option, since it offers an introductory 0% APR on balance transfers, an intro balance transfer fee of $0, and no annual fee. (Balance transfers must be made within the first 60 days for the fee to be waived. After that there will be a 5% or $5 fee, whichever is greater.) The 0% Intro APR for purchases and balance transfers is 15 months. After the intro period, a variable APR of 15.74%-24.49% applies. The card also comes with access to your monthly FICO score and Credit Dashboard, which can give you a boost in morale as you see your balance going down and your score going up.
Click here to learn more and apply for the Chase Slate Card today!
Barclaycard Ring Mastercard
The Barclaycard Ring Mastercard is best suited for those who hate fees. It has no balance transfer fees, foreign transaction fees, and no annual fee. It also offers 0% intro APR for 15 months on purchases and qualifying balance transfers for 15 months (after that, a variable 13.74% APR applies). Balance transfers must be made within 45 days of account opening to qualify. You also get access to your FICO score, free. However, this card stands out from other credit cards because of its various social features, such the option to become a member of the community of card holders who can vote on card features and submit ideas.
Click here to learn more and apply for the Barclaycard Ring Mastercard today!
Capital One VentureOne Rewards Credit Card
Capital One offers the VentureOne Rewards Credit Card with no balance transfer fee. The 0% intro APR only applies to purchases for 12 months. The standard variable APR is 12.74%-22.74%. You can use this card to earn unlimited 1.25 miles per dollar on every purchase. There is no annual fee.
Click here to learn more and apply for the Capital One VentureOne Rewards Credit Card today!
Capital One Venture Rewards Credit Card
Click here to learn more and apply for the Capital One Venture Rewards Credit Card today!