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No Balance Transfer Fee Credit Cards

4.8 4.8 - 118 reviews for top rated card

While “no balance transfer fee” is a feature highly desired by consumers interested in a balance transfer, Card Hub analysis shows that no balance transfer fee credit cards usually have much higher interest rates than 0% balance transfer credit cards. As a result, we suggest comparing the no balance transfer fee credit cards listed below to cards with balance transfer fees (usually 3-4% of the balance transferred) since they will most likely allow you to save more on overall interest charges and fees. You can also customize your search for a no balance transfer fee credit card by using…show more

    Capital One® VentureOne® Rewards Credit Card


    capital one ventureone rewards credit card
    • 0% Purchases until February 2016
    • 0% Transfers Not Offered
    • Regular Rate 11.9% - 19.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Miles
    • Initial Bonus 20,000 miles
    • Earn Rate 1.25 miles / $1
    • Enjoy a low intro APR on purchases until February 2016; 11.9%-19.9% variable APR after that
    • No foreign transaction fees
    • 100% free Capital One® Credit Tracker—see your monthly credit score anytime and get automatic alerts
    • $0 Fraud Liability if your card is lost or stolen.
    • 24-hour travel & emergency assistance gives you a replacement card and cash advance.
    • Auto rental insurance -- use your card to rent a car and you're covered for collision, damage, and loss.
    • Image Card -- personalize your card with an image of your choice.

    Chase Slate®


    chase slate
    • 0% Purchases 15 months
    • 0% Transfers 15 monthsNo Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0
    • Rewards None

    Capital One® Venture® Rewards Credit Card


    capital one venture rewards credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 13.9% - 20.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0 for 1st yr, $59 after
    • Rewards Miles
    • Initial Bonus 40,000 miles
    • Earn Rate 2 miles / $1
    • No foreign transaction fees.
    • No annual fee for the first year; $59 after that
    • 100% free Capital One® Credit Tracker — see your monthly credit score anytime and get automatic alerts
    • Exclusive award-winning customer service.
    • Visa Signature® benefits like concierge and travel upgrades.
    • Your Visa Signature card gets you special access and preferred seating at events like the Super Bowl™ and Olympic Games™.
    • $0 Fraud Liability if your card is lost or stolen.
    • Receive complimentary upgrades and special savings at hotels, resorts, and spas with your Visa Signature card.
    • 24-hour travel & emergency assistance gives you a replacement card and cash advance.
    • 24-hour roadside assistance.
    • Auto rental insurance -- use your card to rent a car and you're covered for collision, damage and loss.
    • Image Card -- personalize your card with an image of your choice.

    Capital One® QuicksilverOne® Cash Rewards Credit Card


    capital one quicksilverone cash rewards credit card
    • 0% Purchases until November 2015
    • 0% Transfers until November 2015No Transfer Fee
    • Regular Rate 22.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $39
    • Rewards Cash Back
    • Initial Bonus None
    • Earn Rate 1.5% cash back
    • 0% intro APR on purchases until November 2015; 22.9% variable APR after that
    • Get access to a higher credit line after making your first 5 monthly payments on time.
    • Fraud Coverage if your card is ever lost or stolen
    • Get free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker.
    • 24-hour travel assistance gives you a replacement card and cash advance.
    • Travel accident insurance.
    • Auto rental insurance—use your card to rent a car and you’re covered for collision, damage, and loss.

    Capital One® Platinum Credit Card


    capital one standard platinum
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 24.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0 for 1st yr, $19 after
    • Rewards None

    Capital One® Secured MasterCard®


    capital one secured credit card
    • Secured Credit Card Min Deposit of $49, $99, or $200
    • Annual Fee $29
    • Monthly Fee None
    • One-Time Fees None
    • Regular Rate 22.9% (V)
    Apply Now at issuer's secure site

    Capital One® Classic Platinum Credit Card


    capital one classic platinum credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 20.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $39
    • Rewards None

    Barclaycard Ring Credit Card


    barclaycard ring credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 8% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards None

    Sony Card from Capital One®


    sony credit card
    • 0% Purchases until December 2015
    • 0% Transfers Not Offered
    • Regular Rate 13.9% - 24.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Points
    • Initial Bonus 5,000 bonus points
    • Earn Rate 1 - 5 points / $1
    • 0% intro APR on purchases until December 2015, after that a variable 13.9% - 24.9% applies.
    • No annual fee.

    Simmons Bank Visa® Platinum


    simmons first visa platinum
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 7.25% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards None

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    EXPERT’S ANSWERS

    How are balance transfer fees assessed?

    By: Odysseas Papadimitriou, CardHub CEO Balance transfer fees are simply added to the amount being transferred, which means you don’t have to pay them right away. You might therefore be wondering why it’s called a balance transfer “fee,” after all.

    Credit card companies call it a fee to preserve the advertised balance transfer APR. You see, there is no fundamental difference between a credit card that offers a 0% balance transfer APR for six months and charges a 3% balance transfer fee and a credit card with no balance transfer fee that has a 6% transfer APR, but the 0% offer seems more appealing. Interest and transfer fees are both considered finance charges from a regulatory standpoint, and the distinction is therefore merely marketing-based.

    How can I compare no balance transfer fee credit cards to cards with such fees?

    By: Odysseas Papadimitriou, CardHub CEO Balance transfer cards with fees usually compensate by having 0% intro APRs. If you want to see how a 0% balance transfer credit card stacks up to a credit card with no transfer fee, divide the 0% card’s balance transfer fee by the length of it’s intro period (in years). For example, a card that offers 0% for six months and has a 3% fee is basically the same thing as a card offering 6% and no fee (3% / 0.5 years = 6%). This is a rough way to convert the balance transfer fee into a balance transfer APR and turn an apples-to-oranges comparison into a more revealing apples-to-apples evaluation.

    What are lifetime balance transfer credit cards?

    By: Odysseas Papadimitriou, CardHub CEO Lifetime balance transfer credit cards are simply cards that offer the same balance transfer APR for the lifetime of your transferred debt. In other words, from the time you first transfer your balance to the time you pay it off, the terms of your interest rate will not change, unless you become more than 60 days delinquent. Most credit cards with no balance transfer fees, and any other cards that do not have introductory balance transfer APRs, can therefore be thought of as lifetime balance transfer cards.

    While no credit card company would offer 0% on balance transfers for an indefinite period of time, it is not uncommon to find low rates on lifetime balance transfer credit cards. Thus, they are viable alternatives for anyone who a). won’t be able to get out of debt for a couple of years and b). values simplicity and predictability.

    How should I go about choosing a balance transfer credit card?

    By: Odysseas Papadimitriou, CardHub CEO Unfortunately, finding the right balance transfer card isn’t as simple as identifying the no balance transfer fee credit card with the lowest transfer APR. As a general rule of thumb, as fees go up, rates go down and vice versa. Focusing only on no balance transfer fee cards or zero percent balance transfer credit cards is therefore ill-advised and you should consider the following factors in combination, rather than in isolation: 1) Balance transfer fee, 2) Length of 0% intro APR (if applicable), 3) Regular balance transfer APR, 4) Amount of monthly payments you can comfortably afford.

    Your starting point should be to use a credit card payoff calculator, and even though you do not yet know your balance transfer interest rate, you can use 10% in order to get a rough sense of how long it will take you to pay off your balance. The longer your expected payoff time frame, the more emphasis you should put on the regular APR. If you’ll be able to pay down the majority of your balance during the average low-interest period being offered, your balance transfer fee becomes more important.

    In addition, be careful to avoid the following common balance transfer mistakes:
    1. Assuming balance transfer credit cards will be available: People often think they can just hop from 0% balance transfer card to 0% balance transfer card until their balance is no more. This strategy should not be relied upon though, as credit card companies do not always offer balance transfers, and you could get stuck paying interest rates north of 20%.
    2. Overestimating your ability to pay: This will lead to you having more debt exposed to your card’s regular rate than planned and could therefore cause you to apply for the wrong card.
    3. Forgetting that most regular APRs are variable: Given the current low-interest environment, variable rates can only go up.

    I can’t find a balance transfer fee listed on a credit card application; does that mean there isn't one?

    By: John Kiernan, Personal Finance Editor No. According to Card Hub’s annual credit card application study, the balance transfer fee is one of the main account terms that credit card companies routinely fail to list clearly on applications. You might therefore have to scour the fine print or utilize the “Ctrl + F” hot-key command (if you are applying online) in order to determine a given card’s transfer fee. If the card in question is a no transfer fee credit card, this too will be listed on the terms and conditions. If you are serious about doing a balance transfer it is extremely important that you confirm the balance transfer fee of each card you evaluate because the existence and amount of this fee can dramatically impact the benefit provided by any balance transfer credit card.

    -- Questions --

    COMMUNITY DISCUSSION

    Ask a question or help others find the best no balance transfer fee credit cards by sharing some tips.

     
    Sep 3, 2014
    By:

    --Comment from Angela Fox--

    Sep 3, 2014
    I NEED NO TRANSFER FEES O INTEREST
    Sep 10, 2014
    Photo of Card H.
    Sep 10, 2014
    You could check the following credit card: http://www.cardhub.com/d/slate-credit-card-614c/
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