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Best No Balance Transfer Fee Credit Cards of 2020

July 1, 2020
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

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  • Amex EveryDay® Credit Card
  • Chase Slate®
  • BankAmericard® credit card
  • PenFed Promise Visa® Card
  • ABOC Union Strong Mastercard® Credit Card
  • American Express Cash Magnet® Card
  • Capital One® Quicksilver® Cash Rewards Credit Card
  • Capital One® SavorOne® Cash Rewards Credit Card
  • Chase Freedom®
  • Citi Simplicity® Card - No Late Fees Ever
  • Discover it® Balance Transfer (No longer in market)
  • Wells Fargo Cash Wise Visa® card

As a result, offers described on this page may be out of date. See our best credit cards page for updated offers.

The best balance transfer fee credit cards on the market typically have three key features:

  • A low- or 0% APR promotion for balance transfers.
  • No annual fee.
  • A way to avoid paying a balance transfer fee.

But that third feature tends to be the rub. Finding a no-annual-fee balance transfer credit card with a low introductory interest rate is fairly easy — but getting one that won’t charge you a 3% to 5% fee for moving your debt over can be a real challenge.

Here are our favorite cards that let you avoid balance transfer fees, plus some other options to consider.

Amex EveryDay® Credit Card

Our pick for: Outstanding overall value

$0 Balance Transfer Fee. Balance transfers must be requested within 60 days of account opening. Introductory 0% Intro on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 14.49% - 25.49% Variable APR. $0 annual fee. 

Benefits of the Amex EveryDay® Credit Card

  • Comes with ongoing rewards and a welcome offer, which is unusual for good balance transfer cards. The offer: Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months. Terms Apply.
  • Features a generous introductory 0% APR offer.
  • No balance transfer fees; however, transfers must be requested within 60 days of account opening.
  • Annual fee of $0.
  • Terms apply.

Drawbacks of the Amex EveryDay® Credit Card

  • The ongoing rewards are mediocre. While it’s nice that this card offers rewards at all, it’s worth keeping in mind that it earns only a modest 2 points per dollar spent at U.S. supermarkets, on up to $6,000 per year in purchases, and 1 point per dollar spent on other purchases.
  • Terms apply.

Bottom line

For cost-conscious folks paying off debt, the Amex EveryDay® Credit Card is a clear winner. Aside from offering features that allow cardholders to pay off debt interest-free and fee-free within the promotional period, it also comes with rewards and a welcome offer, a rarity among top-notch balance transfer cards.

» MORE: Full review of the Amex EveryDay® Credit Card

Chase Slate®

Our pick for: Keeping costs down (tie)

Balance transfer fee: $0 Intro for the first 60 days, then $5 or 5%, whichever is greater. Introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.49% - 25.24% Variable APR. The annual fee is $0.  

Benefits of the Chase Slate®

  • Comes with a long introductory 0% APR offer.
  • No balance transfer fees for the first 60 days of account opening. After that, the fee is 5% or $5, whichever is greater.
  • Annual fee of $0.

Drawbacks of the Chase Slate®

  • Doesn’t offer rewards.

Bottom line

The Chase Slate® offers a trio of features that make it perfect for paying off debt: An introductory balance transfer fee of $0 for 60 days, an annual fee of $0 and an introductory 0% APR offer. While the card doesn’t offer rewards, its benefits could help you eliminate your credit card balances without adding a penny to the total.

» MORE: Full review of the Chase Slate®

BankAmericard® credit card

Our pick for: Keeping costs down (tie)

If you apply directly through Bank of America®, the balance transfer fee is $0 for the first 60 days your account is open, and the introductory 0% APR period is 15 billing cycles. Balance transfer fee: Either $10 or 3% of the amount of each transaction, whichever is greater. Introductory APR of 0% APR for 18 billing cycles on purchases and balance transfers, and then the ongoing APR of 14.49% - 24.49% Variable APR. The annual fee is $0.  

Benefits of the BankAmericard® credit card

  • Comes with a long introductory 0% APR offer.
  • No balance transfer fees for the first 60 days of account opening, if you apply directly through the Bank of America® website (rather than through NerdWallet or other third-party sites).
  • Annual fee of $0.

Drawbacks of the BankAmericard® credit card

  • Doesn’t offer rewards.

Bottom line

While the BankAmericard® credit card doesn’t offer rewards, its many debt-busting features still make it a strong choice. To take advantage of the version without the balance transfer fee, be sure to apply directly through the Bank of America® website. The version offered through NerdWallet offers different terms.

» MORE: Full review of the BankAmericard® credit card

PenFed Promise Visa® Card

Our pick for: Avoiding most fees

No balance transfer fees. Creditworthy applicants can qualify for a 4.99% promotional rate for 12 months on balance transfers made now through September 30, 2020, and then the ongoing APR of 12.99% - 17.99% Variable APR. The annual fee is $0.

Benefits of the PenFed Promise Visa® Card

  • Features a low promotional rate for balance transfers for creditworthy applicants.
  • Comes with a sign-up bonus: $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • No balance transfer fees.
  • $0 annual fee.

Drawbacks of the PenFed Promise Visa® Card

  • Doesn’t offer an introductory 0% APR period.
  • Doesn’t offer rewards (aside from sign-up bonus).
  • Requires membership for application.

Bottom line

For those looking to sidestep fees, the PenFed Promise Visa® Card is your card. It doesn’t charge balance transfer fees, late fees, cash advance fees or foreign transaction fees — and its annual fee is $0. Anyone is eligible to join PenFed Credit Union. You’ll have to submit an application and make a $5 deposit into a PenFed savings account to set up your membership.

» MORE: Full review of the PenFed Promise Visa® Card

Navy Federal Credit Union® Platinum Credit Card

Our pick for: A military option

No balance transfer fees. Comes with 0% intro APR on balance transfers for 12 months, and then the ongoing APR of 5.99% - 18.00%, Variable. The annual fee is $0.

Benefits of the Navy Federal Credit Union® Platinum Credit Card

  • Comes with a low introductory APR period.
  • No balance transfer fees.
  • Annual fee of $0.

Drawbacks of the Navy Federal Credit Union® Platinum Credit Card

  • Doesn’t offer an introductory 0% APR period.
  • Doesn’t offer rewards.
  • The application comes with membership requirements.

Bottom line

The low introductory APR period on the Navy Federal Credit Union® Platinum Credit Card, combined with its lack of balance transfer and annual fees, can make it a solid choice for paying off debt. Membership is generally available to military service members, civilian Department of Defense government employees and family members of those who are eligible.

» MORE: Full review of the Navy Federal Credit Union® Platinum Credit Card

SunTrust Prime Rewards Credit Card

Our pick for: A long low-APR promo

No balance transfer fee when you transfer a balance within the first 60 days of account opening. After that, the fee is 3% of the balance transferred or $10, whichever is greater. Get a 3.25% for the first 36 months for all Balances transferred within 60 days of account opening, and then the ongoing APR of 11.24% - 21.24% Variable APR The annual fee is $0.

Benefits of the SunTrust Prime Rewards Credit Card

  • Features a low promotional rate that lasts for three years (subject to credit approval).
  • Comes with a sign-up bonus: $100 in statement credit after you spend $500 on qualifying purchases, in the first 3 months after account opening. Also has a rewards rate of 1% cash back on everything.
  • No balance transfer fee when you transfer a balance within the first 60 days of account opening.
  • Annual fee of $0.

Drawbacks of the SunTrust Prime Rewards Credit Card

  • Doesn’t offer an introductory 0% APR period.
  • Ongoing rewards are mediocre. To be sure, it’s rare to see rewards at all on good balance transfer cards — so in this regard, it still has an advantage over some other cards.
  • The application comes with geographic restrictions.

Bottom line

The SunTrust Prime Rewards Credit Card‘s low-interest introductory promotion is the longest we’ve seen. For folks who need plenty of breathing room to pay down balances, it’s a solid deal — even though it lacks an introductory 0% APR period. If you have an account with SunTrust, you can apply for this card from any state in the U.S. except for Vermont, according to the issuer. But if you’re not an account holder, the issuer will accept applications from 11 states and Washington, D.C., only.

» MORE: Full review of the SunTrust Prime Rewards Credit Card

Cards to consider despite their balance transfer fees

As noted, few balance transfer cards offer all three coveted “zeros” — a $0 annual fee, a 0% intro APR period and a $0 balance transfer fee. If it’s important that your card ticks all three boxes, you can also check with credit unions or regional banks in your area. Many offer excellent balance transfer options, although you might have to jump through a few hoops to qualify. For instance, you might have to open a savings account with the issuer or be affiliated with a certain company or organization.

Otherwise, consider getting a card that offers two of these three valuable benefits — namely, a 0% APR balance transfer period and no annual fee. The cards listed below come with both, making them strong balance transfer options despite their balance transfer fees:

Information related to the Amex EveryDay® Credit Card and the Wyndham Rewards® Visa® With No Annual Fee has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.