The Best Credit Cards with No Balance Transfer Fees

By Christina Majaski. Last updated 17 October 2017. 0 comments

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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

credit cardThe 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 12.99%-22.99% variable. There is no annual fee.

Click here to learn more and apply for the BankAmericard® Credit Card today!

Chase Slate®

The Chase Slate® card is another great balance transfer option, since it offers 0% introductory 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 15.99%-24.74% 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!

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 12.99%-22.99%. 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

The Capital One® Venture® Rewards Credit Card does not charge a balance transfer fee and the variable APR starts as low as 13.99% (up to 23.99%). Earn unlimited 2x miles per dollar on every purchase. There is an annual fee of $95, waived the first year.

Click here to learn more and apply for the Capital One® Venture Rewards® Credit Card today!

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