Advertiser Disclosure

Best No Balance Transfer Fee Credit Cards of 2019

May 22, 2019
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Finding a balance transfer credit card with a low introductory interest rate is easy — but getting one that won’t charge you a 3% to 5% fee for moving your debt over can be a real challenge. If you’re trying to pay down credit card debt, a fee-free card can help you do it faster.

Before we get to our recommendations, there are a few things you should know:

  • Credit unions and regional banks offer many good fee-free cards, but they require membership. In some cases, it might be more difficult to get a card with one of these smaller issuers unless you live in a certain state or are affiliated in some way with a certain company or organization.
  • A 0% intro APR on transfers could be more valuable. If you can get both a 0% introductory balance transfer APR and no balance transfer fee, great. But if you have to choose one or the other, a card with a long 0% intro APR period might ultimately save you more money, especially if you need a year or more to pay down your debt. For more recommendations, check out our best balance transfer credit cards.
  • Most credit card companies don’t allow same-issuer transfers. That is, if your debt is with American Express, for example, you can’t move it to another American Express card.

Amex EveryDay® Credit Card

$0 Balance Transfer Fee. Balance transfers must be requested within 60 days of account opening. Introductory 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.24% - 26.24% 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. (This offer is no longer valid on our site.)
  • 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 time period, it also comes with rewards and a welcome offer, a rarity among top-notch balance transfer cards.

BankAmericard® credit card

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% on Purchases and Balance Transfers for 18 billing cycles, and then the ongoing APR of 15.24% - 25.24% 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.

PenFed Promise Visa® Card

No balance transfer fees. Creditworthy applicants can qualify for a 4.99% promotional rate for 12 months on transfers made now through September 30, 2019, and then the ongoing APR of 11.99% – 17.99% Variable. 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.
  • No balance transfer fees.
  • No 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. You can qualify for PenFed Credit Union membership if you’re active or retired U.S. military and uniformed services, employed by a qualifying organization, or related to other members, among other ways. 

Navy Federal Credit Union® Platinum Credit Card

No balance transfer fees. Comes with 0% on Balance Transfers for 12 months, and then the ongoing APR of 8.24% - 18.00% Variable. The annual fee is $0.

Benefits of the Navy Federal Credit Union® Platinum Credit Card:

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

Drawbacks of the Navy Federal Credit Union® Platinum Credit Card:

  • Doesn’t offer rewards.
  • The application comes with membership requirements.

Bottom line:

The introductory 0% 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 standout 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.

Aspire Platinum Rewards Mastercard®

No balance transfer fees on amounts transferred in the first six months. Comes with 0% for 6 months on balance transfers, and then the ongoing APR of 10.90% - 18.00% Variable. The annual fee is $0.

Benefits of the Aspire Platinum Rewards Mastercard®:

  • Comes with an introductory 0% APR period.
  • No balance transfer fees applied to transfers made in the first six months.
  • Annual fee of $0.
  • Comes with a small sign-up bonus: 5,000 Bonus Rewards Points after spending $2,000 in the first 3 months You can qualify for the bonus by transferring balances, too.

Drawbacks of the Aspire Platinum Rewards Mastercard®:

  • The application comes with membership requirements.
  • You can find cards with longer intro APR periods.

Bottom line:

The Aspire Platinum Rewards Mastercard® features a rare combination of perks that makes it a go-to card for paying down debt for less, including a sign-up bonus (one that can be earned by transferring balances!), an introductory 0% APR offer, an annual fee of $0 and an introductory $0 balance transfer fee. Membership is generally available to employees of certain companies and the immediate family of existing members. You can also become a member by joining the Marine Mammal Stranding Center.

SunTrust Prime Rewards Credit Card

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 year introductory offer at Prime Rate (currently 5.50% variable APR) on balance transfers made in the first 60 days after account opening. Variable 13.49%–23.49% APR thereafter. 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 only from 11 states and Washington, D.C.

Information related to the Amex EveryDay® Credit Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.