Balance Transfer Credit Cards With No Balance Transfer Fee Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: On This Page
Lilly Roadstones / Stone / Getty Images November 04, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Ana Staples is a reporter for Bankrate and an expert on all things credit basics and personal finance for the younger generation. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Claire Dickey is a product editor for Bankrate, and . Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. One of the most effective ways of is with a to another credit card. If you do it consciously and responsibly, you can get rid of debt faster and save money while doing so. When choosing a , you want to make sure you get a card that will save you the most. This includes how many months of a 0 percent intro APR you’ll get; the longer the intro period, the more time you’ll have to pay off debt interest-free. Another thing to consider is a , which is typically between 3 percent and 5 percent of your balance. Most credit cards charge a fee when you transfer a balance. If you’re transferring a large sum, this fee can get rather costly. Credit cards that don’t charge a balance transfer fee are rare, but you can still find several on the market. Note that most cards like this are offered by credit unions, which require consumers to meet specific criteria in order to obtain membership. Read on to learn which credit cards don’t charge a balance transfer fee so you can determine if any of them are a good option for you. Best balance transfer cards with no balance transfer fee
Navy Federal Credit Union Platinum Credit Card*
The is an excellent option for a balance transfer since it charges no balance transfer fee and currently offers a 0 percent intro APR on balance transfers for 12 months (6.74 percent to 18.00 percent variable APR thereafter). The low, ongoing APR makes this card a good deal even once the . This card also charges no annual fee, foreign transaction fees or cash advance fees (if performed at a Navy Federal branch or ATM). Note that all Navy Federal Credit Union credit cards , which is available to military members, veterans and their families. Also note that all Navy Federal Credit Union credit cards come with no balance transfer fees. However, the Navy Federal Credit Union Platinum card is currently the only card that offers a zero-interest offer for a limited time. Navy Federal More Rewards American Express Card*
The is currently the only Navy Federal credit card that includes a low intro APR offer of 1.99 percent for six months on balance transfers (after which a variable APR of 10.40 percent to 18.00 percent applies). Although not a 0 percent intro APR offer, that’s still better than paying a high interest rate on credit card debt. This card also includes no annual fee and solid rewards rates: 3X points at restaurants and on food delivery, 3X points at supermarkets, 3X points on transit and gas and 1X points on all other purchases. Points can be redeemed for cash back, travel, gift cards, merchandise and more. Some benefits include 25 percent off car rentals, up to 30 percent off select hotel bookings through Amex’s Booking.com platform, car rental loss and damage insurance and 24/7 roadside assistance. First Tech Credit Union Choice Rewards World Mastercard*
The is another balance transfer card that offers rewards on purchases. For balance transfer perks, this card includes a 0 percent intro APR on balance transfers for 12 billing cycles (after which a variable APR of 9.75 percent to 18.00 percent applies) and no balance transfer fee. It also includes no annual fee, foreign transaction fee or cash advance fee. As for rewards, this card offers 2X points on groceries, gas, electronics, medical purchases, household goods and telecommunications and 1X points on all other purchases. Points can be redeemed for cash back, gift cards, travel, merchandise, events and experiences. New cardholders will also be able to earn a welcome offer of 20,000 bonus points after spending $3,000 within 60 days of account opening. Like the other cards on this list, this credit card with the First Tech Credit Union. Union Bank Platinum Visa Credit Card*
The comes with no annual fee, a 0 percent intro APR on balance transfers for 15 months (followed by a variable APR of 9.99 percent to 21.49 percent) and no balance transfer fees on transfers completed within the first 60 days of account opening (after which a 3 percent fee, min. $10, applies). Beyond the Union Bank Platinum Visa’s balance transfer perks, this card doesn’t come with much else. Other features include standard card benefits like emergency card replacement, zero fraud liability and purchase security. DCU Visa Platinum Credit Card*
If you’re more interested in not paying a balance transfer fee than not paying interest on a balance for a limited time, the is worth considering. This card comes with a variable APR of 10.75 percent to 18.00 percent, but depending on your creditworthiness at the time of account opening, you may qualify for an APR as low as 10 percent on balance transfers, purchases and cash advances. You’ll also pay no balance transfer fees, cash advance fees or foreign transaction fees. This card also includes no annual fee. Note that this card requires . Wings Visa Platinum Credit Card*
Issued by Wings Financial Credit Union, the includes both a 0 percent intro APR on balance transfers for 12 months and a low variable APR of 8.90 percent to 18.00 percent thereafter. It also includes no balance transfer fees, no annual fee and no foreign transaction fees. You must be a member of the Wings Financial Credit Union in order to get any Wings Financial credit card. However, the for this credit union tend to be broader than some other credit unions. For example, membership is open (but not limited) to anyone who lives or works in Seattle, Detroit, Orlando or Atlanta or works in the aviation industry nationwide. Wings Member Cash Rewards Visa Signature Card*
If you’d rather trade the low variable APR from the previous card for a , Wings Financial also offers the . This card comes with no annual fee, no balance transfer fees, a 0 percent intro APR on balance transfers for 12 months (then a variable APR of 14.95 percent to 18.00 percent) and 1.5 percent cash back on all purchases. You can also earn a welcome offer of $100 after spending $1,000 in the first 90 days of account opening, which is a very attainable bonus. However, if you’d rather earn points instead of cash back, consider the Wings Member Rewards Visa Signature Card*, which offers many of the same balance transfer features but includes 2X points on all purchases. SchoolsFirst Federal Credit Union Inspire Mastercard*
If you’re an educator in California, the is a great option to consider for a balance transfer. This card comes with a 0 percent intro APR on balance transfers for six months (after which a variable APR as low as 10.00 percent applies). There’s also no balance transfer fee, cash advance fee or annual fee. If you’re interested in another SchoolsFirst Federal Credit Union credit card, note that all cards include no balance transfer fees. To join SchoolsFirst Federal Credit Union, you must . Membership is open to educational communities in California, including current or retired school employees, an immediate family member of a current SchoolsFirst member or an employee of a company that provides services to an eligible school district in California. Best balance transfer cards with a low balance transfer fee
While the options are limited when it comes to credit cards with no balance transfer fees, there are many that charge a balance transfer fee on the lower end and still offer plenty of value. For example, some of the following cards may offer a long introductory period, lucrative rewards or a high intro bonus, which can help offset the balance transfer fee and provide value after the balance transfer intro offer expires. Card Balance transfer terms Rewards rates Depending on creditworthiness, may qualify for a 0% intro APR for 12 months on balance transfers (variable APR of 13.24% to 23.24% after) 2% balance transfer fee (min. $5) 2X points on all purchases 0% intro APR for 18 billing cycles on balance transfers made in the first 60 days (variable APR of 16.99% to 26.99% after) 3% balance transfer fee (min $10) 3% cash back on a category of choice (gas, online shopping, dining, travel, drugstores or home improvement) 2% cash back at grocery stores and wholesale clubs 3% and 2% category purchases limited to $2,500 in combined purchases each quarter, then 1% back 1% cash back on all other purchases 0% intro APR for 18 months on balance transfers (variable APR of 16.99% to 26.99% after) 3% balance transfer fee (min. $5) on each transfer completed within the first 4 months of account opening Up to 2% cash back — 1% cash back as you make purchases and 1% cash back when you pay for purchases 0% intro APR for 15 months on balance transfers (variable APR of 17.99% to 27.99% after) 3% balance transfer fee 1.5% cash back on all purchases 0% intro APR for 20 billing cycles on balance transfers made within the first 60 days (variable APR of 18.24% to 28.24% after) 3% balance transfer fee (min $5) N/A The Bank of America Customized Cash Rewards credit card last updated on October 3, 2022.. How to calculate a balance transfer fee
Most balance transfer fees range from 3 percent to 5 percent of each balance you transfer, although individual offers vary. Keep in mind that when you transfer balances to a balance transfer card, this fee is charged to your balance upfront. To calculate your balance transfer fee, you’ll first want to convert your new card’s balance transfer fee from a percentage to a decimal. Then, multiply that number and the amount of your balance to determine the fee you’ll pay. For example, if you were to transfer $10,000 in high interest credit card debt to a balance transfer card, your fee might be 3 percent of your balance ($300) or 5 percent of your balance ($500) depending on the credit card you sign up for. So, in this example, you’ll have either $10,300 or $10,500 in total debt to pay off. Is paying a balance transfer fee worth it
You may be wondering why anyone would pay a balance transfer fee when there are cards that don’t charge this fee () at all. The reality is that there are few cards that don’t charge a balance transfer fee, and paying a balance transfer fee is often worth it if you’re able to pay off your debt interest-free, which will save you a lot of money on interest, especially if you have a lot of debt at a high APR. But make sure to run the numbers for your specific situation and use a to determine which card works best for your needs — and saves you the most. *The information about the Navy Federal Credit Union Platinum Credit Card, Navy Federal More Rewards American Express Card, Union Bank Platinum Visa Credit Card, DCU Visa Platinum Credit Card, First Tech Credit Union Choice Rewards World Mastercard, Wings Visa Platinum Credit Card, Wings Member Cash Rewards Visa Signature Card, Wings Member Rewards Visa Signature Card and SchoolsFirst Federal Credit Union Inspire Mastercard has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer. SHARE: Ana Staples is a reporter for Bankrate and an expert on all things credit basics and personal finance for the younger generation. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Claire Dickey is a product editor for Bankrate, and . Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer. Related Articles