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Best No Balance Transfer Fee Credit Cards of 2020

Jan. 16, 2020
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.

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

Amex EveryDay® Credit Card

Amex EveryDay® Credit Card

Apply Now on American Express's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • Decent rewards rate
    • No annual fee
    • $0 balance transfer fee for 60 days

    Cons

    • Foreign transaction fee
    • Longer 0% intro APRs available elsewhere
    • Higher rewards available elsewhere

    Annual Fees

    $0

    APR

    • APR: 14.49% - 25.49% Variable APR
    • Penalty APR: 29.99%, Variable
    • Cash Advance APR: 26.74%, Variable

    Bonus Offers

    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.

    Intro APR

    • 0% Intro on Purchases and Balance Transfers for 15 months
  • Additional Information
    • Earn 20% Extra Points - Use your Card 20 or more times on purchases in a billing period and get 20% more points on those purchases less returns and credits.
    • 2X Points at U.S. supermarkets on up to $6,000 per year in purchases (then 1X).
    • Earn 10,000 Membership Rewards® Points after you spend $1,000 in qualifying purchases on the Card within your first 3 months of Card Membership.
    • $0 Balance Transfer Fee.¤ Balance transfers must be requested within 60 days of account opening.
    • 0% intro APR on purchases and balance transfers for 15 months, then a variable APR, 14.49% to 25.49%.
    • No Annual Fee.
    • Terms Apply.

$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

BankAmericard® credit card

Our pick for: Keeping costs down

BankAmericard® credit card

BankAmericard® credit card

Apply Now on Bank of America's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • Intro APR period on Purchases and Balance Transfers

    Cons

    • No rewards

    Annual Fees

    $0

    APR

    • APR: 14.49% - 24.49% Variable APR
    • Cash Advance APR: See Terms

    Bonus Offers

    None

    Intro APR

    • 0% on Purchases for 18 billing cycles and 0% on Balance Transfers for 18 billing cycles for balance transfers made in the first 60 days
  • Additional Information
    • 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.49% - 24.49% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
    • No annual fee
    • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
    • Access your FICO® Score for free within Online Banking or your Mobile Banking app

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

PenFed Promise Visa® Card

PenFed Promise Visa® Card

Apply Now on Pentagon Federal Credit Union's secure site
  • Recommended Credit Score
  • 720
    850
    Excellent
  • Card Details
  • Pros

    • No late fee
    • No annual fee
    • Intro APR period on Balance Transfers
    • No foreign transaction fee

    Cons

    • No rewards
    • Needs excellent credit

    Annual Fees

    $0

    APR

    • APR: 12.49% - 17.99% Variable APR

    Bonus Offers

    $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening

    Intro APR

    • 4.99% promotional rate for 12 months on transfers made now through March 31, 2020
  • Additional Information
    • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
    • 4.99% APR promo balance transfer rate for 12 months with no balance transfer fee now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 12.49% to 17.99%. APR will vary w/the market based on Prime Rate. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
    • Rate and offers current as of January 1, 2020 and are subject to change.
    • Absolutely no fees
    • No annual fee
    • No late fee
    • No cash advance fee
    • No foreign transaction fees
    • Chip enabled for added security
    • Federally insured by NCUA
    • Variable rate as low as 12.49% APR

No balance transfer fees. Creditworthy applicants can qualify for a 4.99% promotional rate for 12 months on transfers made now through March 31, 2020, and then the ongoing APR of 12.49% - 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

Navy Federal Credit Union® Platinum Credit Card

Navy Federal Credit Union® Platinum Credit Card

Apply Now on Navy Federal Credit Union's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • Intro APR period on Balance Transfers
    • No foreign transaction fee

    Cons

    • No rewards

    Annual Fees

    $0

    APR

    • APR: 7.49% - 18.00%, Variable
    • Penalty APR: Up to 18.00%, Variable

    Bonus Offers

    None

    Intro APR

    • 1.99% intro APR on balance transfers and purchases for 12 months
  • Additional Information
    • Enjoy the lowest rate of Navy Federal Credit Union's credit cards
    • No annual fees
    • No balance transfer fees
    • No foreign transaction fees
    • No cash advance fees

No balance transfer fees. Comes with 1.99% intro APR on balance transfers and purchases for 12 months, and then the ongoing APR of 7.49% - 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

SunTrust Prime Rewards Credit Card

SunTrust Prime Rewards Credit Card

Apply Now on SunTrust's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • 4.75% for the first 36 months for all Balances transferred within 60 days of account opening
    • No foreign transaction fee

    Annual Fees

    $0

    APR

    • Min APR: 12.74%, Variable
    • Max APR: 22.74%, Variable
    • Cash Advance APR: 26.49%, Variable

    Bonus Offers

    $100 in statement credit after you spend $500 on qualifying purchases, in the first 3 months after account opening.

    Intro APR

    • 4.75% for the first 36 months for all Balances transferred within 60 days of account opening
  • Additional Information
    • 3 year introductory offer at Prime Rate (currently 4.75% variable APR) on balance transfers made in the first 60 days after account opening. Variable 12.74%-22.74% APR thereafter.
    • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
    • Pay no balance transfer fee when you transfer a balance during the first 60 days your account is open. After the first 60 days of account opening, the fee for future balance transfers is $10 or 3% of the amount of the transfer, whichever is greater.
    • 1% Unlimited Cash Back on all qualifying purchases
    • $100 in statement credit after you spend $500 on qualifying purchases, in the first 3 months after account opening
    • No annual fee
    • No foreign transaction fees

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 4.75% for the first 36 months for all Balances transferred within 60 days of account opening, and then the ongoing APR of 12.74% - 22.74% Variable 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.