Best No Balance Transfer Fee Credit Cards

Credit cards that charge no balance transfer fee are out there, but options are limited. In many cases, the fee can be worth paying if it saves you money in the long run.
Sara Rathner
By Sara Rathner 
Edited by Kenley Young

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A balance transfer credit card can help you save on interest payments while you pay down debt, but these cards typically come at a cost. Most charge balance transfer fees of around 3%-5% of the transferred balance. Put another way, every $1,000 in debt you transfer can cost you between $30 and $50.

When you’re paying down debt, every cent counts. So the ideal balance transfer credit card would feature no such balance transfer fee, as well as a $0 annual fee and a long 0% interest period to boot. Unfortunately, these “triple-zero” cards are hard to find. And many of these products require excellent credit (typically FICO scores of 720 or higher) to qualify at all.

Still, it’s possible to pay down debt for less using a balance transfer credit card. Here are some options that can help.

🤓Nerdy Tip

Most credit card companies don't allow same-issuer transfers. If your debt is with American Express, for example, you can't move it to another American Express card.

Credit cards with no balance transfer fees

Frankly, the number of cards that offer balance transfers without a balance transfer fee has always been small, and it's even smaller now.

Navy Federal Credit Union Platinum Credit Card
NerdWallet rating 

Some regional banks and credit unions offer balance transfer cards at a lower cost, but these products come with their own limitations. Credit unions require membership, and regional banks don’t operate in every state. Check with local banks in your area to see what they offer. Here's an example of what you might be able to find:

  • The Navy Federal Credit Union® Platinum Credit Card charges 0.99% intro APR on Balance Transfers for 12 months, and then the ongoing APR of 11.24%-18.00%, Variable APR. It has no balance transfer fees, but you must be eligible for Navy Federal Credit Union membership, which is generally available to military members and veterans, their families and Department of Defense civilian personnel.

Cards to consider despite their balance transfer fees

Sometimes, the best feature of a credit card is that it actually exists. You may find more card options if you’re open to the idea of a balance transfer fee. Look for a 3% fee, which is on the low end of the typical range. A $0 annual fee and a long no-interest period make these cards even more valuable. Here are some examples of what’s available:

  • The BankAmericard® credit card offers one of the longest 0% intro APR promotional periods around. You get a 0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 16.24% - 26.24% will apply. Balance transfer fee: 3% for 60 days from account opening, then 4%.

  • The U.S. Bank Visa® Platinum Card is also an ideal pick if you need a lot of time to pay down debt. The card features a 0% intro APR for 18 billing cycles on purchases and balance transfers, and then the ongoing APR of 18.74%-29.74% Variable APR. Balance transfer fee: An introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances transferred within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater.

  • The Discover it® Cash Back is known for its rotating quarterly cash-back categories, but it also offers 0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 17.24%-28.24% Variable APR. Balance transfer fee: 3% introductory fee and up to 5% on future balance transfers. Terms apply.

  • The Citi Double Cash® Card is known for its no-fuss rewards program that earns 2% cash back on every purchase (1% as you spend, 1% as you pay). But it also offers an intro 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 19.24%-29.24% Variable APR. Balance transfer fee: 3% introductory fee (or a minimum of $5, whichever is greater) for each balance transfer completed within the first 4 months of account opening.

How important is it to pay no balance transfer fee?

If you intend to pay down your balance in three months or less, the balance transfer fee could exceed what you’d save on interest. If that’s the case, you may be better off sticking with the card you already have.

But the longer you need to get out of debt, and the higher your current interest rate, the more beneficial a balance transfer becomes.

Find the right credit card for you.

Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.

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