9 Best No Balance Transfer Fee Credit Cards (2017)

9 Best No Balance Transfer Fee Credit Cards

credit card advice

Brittney Mayer
By: Brittney Mayer
Posted: November 1, 2017
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Few things can be as disheartening for those with hefty credit card debt than watching your minimum payment steadily increase — while your principal balance stays the same. Unfortunately, when interest fees start piling up on top of your existing credit card balances, your payments may not make much of a dent in the debt heap.

That’s because your payments go to your interest first and your balance second. Depending on the state of your debt, your entire minimum payment could be only covering your monthly interest fees while maintaining your purchase debt indefinitely. That’s where credit card balance transfer offers can come in handy.

Readily available to those with good credit or better, credit cards with introductory 0% APR offers can provide the interest-rate relief necessary to help you pay down your balance. While these cards often come with balance transfer fees, you can avoid them with a little research. Either way, you’ll still likely come out ahead, as even the highest transfer fee is often half as high as your annual APR.

No Fee | 0% APR Balance Transfer | 0% APR New Purchases

Best Cards with No Balance Transfer Fee

In general, every time you transfer your credit card balance from one card to another, the card to which you transfer your balance will charge you a fee for the service. This fee typically ranges from 3% to 5% of the total transferred balance, and it will be charged at the time you transfer. While a number of cards exist that won’t charge you a balance transfer fee, the number of those cards offering 0% APR on that balance are limited.

Of those double-whammy cards with the best of both, the vast majority are offered by credit unions, small banks, and private firms. That said, you do have a couple of mainstream options for fee-free balance transfers, both from giants in the industry — and both without annual fees, to boot.

BankAmericard® Credit Card Review

at Bank of America'ssecure website

  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days, then 12.99% - 22.99% Variable APR
  • $0 Intro Balance transfer fee during first 60 days of account opening. After that, the fee for future balance transfers is 3% (min. $10).
  • No annual fee
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 billing cycles
0% Intro APR for 15 Billing Cycles (for balance transfers made in the first 60 days)
12.99% - 22.99% (Variable)
$0
Excellent/Good

The BankAmericard® Credit Card doesn’t offer cash back or other rewards, but it does have a solid introductory 0% APR offer and won’t charge a fee on balances transferred within the first 60 days. Balances transferred after that will be charged a 3% fee, so transfer early if you intend to take advantage of the offer.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.7/5.0
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO® Score and Credit Dashboard for free
  • No Penalty APR – Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.99%-24.74% Variable
$0
Excellent Credit

The Chase Slate® Credit Card doesn’t offer a lot of fancy perks, such as cash back rewards, but it does have a comprehensive introductory 0% APR offer. Additionally, you won’t be charged a fee on balance transfers made within the first 60 days. When considering your options, remember that you can’t transfer a balance from one Chase card to another.

3. Edward Jones World MasterCard

Offered by financial services company, Edward Jones, the Edward Jones World MasterCard is available to existing Edward Jones customers. Cardholders can earn Loyalty Rewards redeemable for cash back, travel, charitable donations, or deposits into your Edward Jones accounts. For a limited time, enjoy an introductory 0% APR offer and pay no balance transfer fee on balances transferred within the first 60 days.

Edward Jones World MasterCard

  • Earn 1X point per $1 spent with your card
  • Pay no annual fee
  • Enjoy 0% APR on balance transfer for first 12 billing cycles after opening your account

If you have your heart set on a fee-free balance transfer card from a credit union, be prepared to jump through a few hoops. Credit unions require you to be a member to bank and/or obtain credit, which typically requires living in a particular area or joining a specific organization around which the credit union was built. For example, only consumers (and their families) who have served in the Armed Forces, Department of Defense, Coast Guard, or National Guard can qualify to join the Navy Federal Credit Union.

Best Cards with 0% Intro APR on Balance Transfers

Regardless of your current APR, there’s a high probability that “zero” is significantly better. With that being the case, even if you’re stuck paying fees to transfer your balances, you may still benefit (read: save a bunch of money) from the process. For instance, carrying a $5,000 balance at 17% APR costs over $850 a year, so paying the 5% balance transfer fee ($250, in this case) could still save you $600 or more across 12 interest-free months.

So, as important as that balance transfer fee can be, it shouldn’t be at the top of your list when comparing credit card offers. More important to many will be the default APR, which is the interest rate you’ll be charged for your transferred balance after your introductory period expires. And, of course, look at the actual length of the offer; the best cards, such as our top picks, offer over a year of interest-free balances.

Discover it® - 18 Month Balance Transfer Offer Review

at Discover Card'ssecure website

0% BALANCE TRANSFER RATING

★★★★★
5.0

OVERALL RATING

4.9/5.0
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • New! Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 6 months
0% for 18 months
11.99% - 23.99% Variable
$0
Good/Excellent

0% BALANCE TRANSFER RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0
Excellent/Good
Discover it® - Cashback Match™ Review

at Discover Card'ssecure website

0% BALANCE TRANSFER RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 14 months
0% for 14 months
11.99% - 23.99% Variable
$0
Good/Excellent

+See More 0% APR Balance Transfer Cards

One thing to note is that even if you transfer your balance to a rewards credit card, you won’t earn rewards on transferred balances, and your transferred balance won’t count toward the spending requirement for a credit card signup bonus. You can, however, earn rewards on any qualifying new purchases made with the card.

Best Cards with Intro 0% APR on New Purchases

Many of the best balance transfer offers aren’t limited to transferred balances; a great number of cards will offer 0% APR on your new purchases, as well (or, sometimes, instead). This can be a great way to finance large purchases you may wish to pay off over several months, especially because you can still earn rewards on your purchases while enjoying your interest-free period.

When it comes to selecting the right offer, most people are primarily interested in the length of the offer terms, but don’t forget to look at the default APR, as well. And, naturally, if you’re in it for the fee-free purchasing, be sure to investigate the annual fee, which can eat into your savings. Many of our favorite 0% intro APR cards come without annual fees.

0% INTRO APR RATING

★★★★★
5.0

OVERALL RATING

4.7/5.0
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO® Score and Credit Dashboard for free
  • No Penalty APR – Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.99%-24.74% Variable
$0
Excellent Credit
Wells Fargo Platinum Visa® Card Review

at Wells Fargo'ssecure website

0% INTRO APR RATING

★★★★★
5.0

OVERALL RATING

4.6/5.0
  • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.15%-25.99% variable APR; balance transfer fees apply
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Card
  • Free access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 18 months
0% for 18 months
16.15%-25.99% (Variable)
$0
Excellent/Good

0% INTRO APR RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0
Excellent/Good

+See More 0% APR New Purchase Cards

An important distinction to understand is that not every introductory 0% APR credit card offer will apply to both new purchases and balance transfers. It’s necessary to read the terms of your offer and cardholder agreement carefully to ensure it applies to the type of transaction for which you intend to use it. Even if the card offers a deal on both, double check when the terms end for each transaction type, as introductory rates may expire at different times.

Pay Down Debt Faster with Less Interest

Whether we like it or not, every credit card payment we make will go first toward any applicable interest fees, then to paying down our balance. Not only does this cost you more money over the life of your debt, but adding those fees to your total also extends that life, dragging your debt out months (or even years).

In real numbers, consider an imaginary cardholder, Kirk, who has a balance of $2,500 on his credit card, and can afford a monthly payment of $200. With an APR around the national average of 16.7%, it will take him 14 monthly payments to eliminate his debt — including almost $300 in interest fees.

However, if Kirk were to transfer his balance to take advantage of a 0% APR offer, he could pay off his debt in just over 12 months, without paying a dime in interest fees. Not only will Kirk save money by avoiding interest fees, but he’ll become debt-free sooner, freeing up his funds to use toward paying down his other debt or saving for the future.