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Best Credit Cards With No Balance Transfer Fee for 2022

Best Credit Cards With No Balance Transfer Fee for 2022

We've sifted through dozens of balance transfer offers to create a list of $0 balance transfer fee cards that can help you get out of debt fast.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Citi is an advertising partner.

Are you struggling to pay down a big credit card balance? Do you cringe as you watch a chunk of your payment get eaten up by interest every month? A balance transfer credit card with no fee may be the answer.

A balance transfer card is one of the best ways to pay down debt. But most 0% interest credit cards from big banks charge a balance transfer fee of 3% to 5%. That can tack up to $250 onto a $5,000 balance and cancel out your savings from not paying interest.

But we're about to let you in on a well-kept secret: There are several cards from credit unions and smaller banks that charge a $0 balance transfer fee. Some of these cards also have a 0% APR introductory period for balance transfers.

We've put together a list of seven credit cards with a $0 balance transfer fee, including our pick for the best balance transfer credit card with no fee: Wings Visa® Platinum Card. This card offers a trifecta of savings: a $0 balance transfer fee plus 0% APR on both balance transfers and purchases. That's a winning combination for anyone aiming to get out of debt.

Best credit cards with no balance transfer fee 2022

Why trust us

To make choosing the right card easier, we've analyzed credit cards on ValuePenguin as well as on major issuer sites to compile a list of the best credit cards with no balance transfer fee. Our recommendations are based on features that help you save money on a balance transfers, including 0% introductory APRs for balance transfers and purchases, regular APRs and a lack of an annual fee. We also considered the value of other features, including sign-up bonuses and rewards programs. Our choices are not influenced by our advertisers.

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Choice Rewards World Mastercard®

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Not available on ValuePenguin

20,000 bonus points for spending at least $3,000 in first 60 days.

$0

10.50% - 18.00% (variable)

660 - 850

  • 0.00% APR for 12 billing cycles on balances transferred in the first 90 days after the card is opened
  • 20,000 bonus points for spending at least $3,000 in first 60 days.
  • 2 points per $1 spent on groceries, gas, electronics, medical, household good and telecommunications (as determined by MCC)
  • 1 point per $1 spent for everything else.
  • Redemption: Cash, travel, merchandise, events and activities, charitable donations, gift cards.
  • Special bonuses on spending for cardholders with active First Tech Rewards Checking and Savings accounts.

Our thoughts

The Choice Rewards World Mastercard® is a great starter rewards credit card for anyone trying to knock out a previous debt. It's also good for consumers who want both the benefits of using a credit union and a digital-friendly experience.

This card offers a generous deal: a $0 balance transfer fee, plus an intro APR of 0.00% APR for 12 billing cycles on balances transferred in the first 90 days after the card is opened (then 10.50% - 18.00% (variable)), essentially giving you a year to pay off your old debt for free. Once you wipe out your debt, you've got plenty of reasons to keep the card, including double rewards points in six bonus categories that cover most everyday spending.

Introductory balance transfer APR: 0.00% APR for 12 billing cycles on balances transferred in the first 90 days after the card is opened

Introductory purchase APR: N/A

Regular APR: 10.50% - 18.00% (variable) based on creditworthiness

Annual fee: $0

Other features: Get a sign-up bonus of 20,000 bonus points for spending at least $3,000 in first 60 days.. Rewards program offers 2 points per $1 spent on groceries, gas, electronics, medical, household goods and telecommunications, and 1 point per $1 spent on everything else. Comes with cellphone insurance to repair or replace a damaged, lost or stolen phone.


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Not available on ValuePenguin

$0

11.24% to 18.00% Variable

See website for details

Our thoughts

The Navy Federal Credit Union GO REWARDS® Credit Card is a good choice for a cardholder looking for a balance transfer rewards card to carry well into the future. It may be a good fit for those who don't mind paying interest on a balance transfer in exchange for a robust rewards program and a $0 balance transfer fee.

The rewards program offers tempting fare for foodies who dine out (or get takeout) often plus benefits for commuters who drive a lot and travelers who want to use their card on international trips.

Introductory balance transfer APR: N/A

Introductory purchase APR: N/A

Regular APR: 11.24% to 18.00% Variable based on creditworthiness

Annual fee: $0

Other features: Rewards program offers 3X points on dining, 2 points per $1 spent on gas and 1 point on everything else. Redeem points for cash, gift cards, merchandise and travel. No foreign transaction fee. Free access to FICO Score. Cellphone protection.


Navy Federal Platinum Credit Card

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Not available on ValuePenguin

$0

8.24% to 18.00% (variable)

600 - 850

  • Intro 0.99% APR on balance transfers for 12 months
  • After the intro period, a 8.24% to 18.00% variable APR applies
  • No balance transfer fee
  • No annual fee

Our thoughts

This basic, no-frills card may be a good fit for cardholders with a big balance to transfer or those who want to make a large purchase and pay it off over a few years. For consumers with excellent credit who can qualify for the best rate, the very low APR makes this card an attractive bet for affordable financing without worry about hurrying to pay off a balance during an introductory period.

Introductory balance transfer APR: 0.99% introductory APR for 12 months

Introductory purchase APR: N/A

Regular APR: 8.24% to 18.00% (variable) based on creditworthiness

Annual fee: $0

Other features: Cellphone protection, collision damage waiver for rental cars, travel and emergency assistance.


Edward Jones World Mastercard®

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Not available on ValuePenguin

$100 after you spend $500 in eligible net purchases on your card within 90 days of opening your account

$0

12.99% variable

See website for details

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  • rnttEarn 1 Loyalty Point on every net $1 spent.  Points can be spent on travel, cash back, gift cards, charitable donations or can be redeemed for cash deposits into an Edward Jones account.
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  • rnttYou need to have an existing Edward Jones account to apply for this card.
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Our thoughts

The Edward Jones World Mastercard® may be a good selection for consumers looking for a no-annual-fee rewards card to transfer a balance from a high-interest card. The card offers a $0 intro fee for balances transferred within the first 60 days of account opening; after that, a balance transfer fee of 3% of each transferred amount ($5 minimum) will apply. This feature combined with its 0% percent introductory period for a year gives you plenty of time to get rid of old debt, while the rewards will keep you reaping the benefits of the card into the future.

Introductory balance transfer APR: 0% intro APR on balance transfers for 12 billing cycles for balances transferred in first 60 days

Introductory purchase APR: N/A

Regular APR: 12.99% variable

Annual fee: $0

Other features: 4X points on prepaid car rentals and hotels booked with the Edward Jones Travel Center and 1 point per $1 on everything else. Get cellphone protection when you pay your bill with your card. Free ShopRunner shipping benefits with 140 merchants.


Wings Visa® Platinum Card

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Not available on ValuePenguin

$0

8.15%-18.00% Variable

See website for details

Our thoughts

This card may be the perfect pick for cardholders looking to pay off old debt and finance a new purchase for free. That's because the card offers balance transfers with no fee, plus a 0% introductory APR on both balance transfer and purchases. It's hard to beat this deal for those looking to cash in on what is essentially free money, provided you pay off your balance transfer and purchases before the intro period ends.

However, consumers looking for a sign-up bonus or other rewards and perks may want to look elsewhere since this is truly a no-frills card.

Introductory balance transfer APR: 0% for 12 months on balance transfers

Introductory purchase APR: 0% for 12 months on purchases

Regular APR: 8.15%-18.00% Variable

Annual fee: $0

Other features: Get collision damage waiver on rental cars when you pay with your card.


Navy Federal nRewards® Secured Credit Card

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Not available on ValuePenguin

$0

18.00% variable

0 - 600

  • Earn 1 point per dollar spent
  • Redeem points for cash back, gift cards and merchandise
  • No cash advance fees
  • No foreign transaction fees
  • No balance transfer fees
  • No annual fees
  • Rewards expire four years from the month earned

Our thoughts

This card is an excellent first rewards card for a consumer who needs to build credit. The Navy Federal nRewards® Secured Credit Card allows you to earn rewards on all your spending as you build (or rebuild) a good credit track record. It's a secured card, so you have to pay a $200 deposit at first. But by using the card wisely you may be able to transition to an unsecured card in six months.

One word of caution: Because this card starts out as a secured card and there is no 0% introductory balance transfer APR, it may not be the best option for balance transfers. If you do decide to transfer a balance at some point, do so only if you can't find a less costly option.

Introductory balance transfer APR: N/A

Introductory purchase APR: N/A

Regular APR: 18.00% variable

Annual fee: $0

Other features: Earn 1X points per dollar spent on purchases. Redeem rewards for cash, gift cards, merchandise or statement credit. Cellphone and rental car coverage. Account reviewed automatically at three months to see if you're eligible for a credit limit increase beyond the amount of your deposit, and again at six months to see if you're eligible to upgrade to an unsecured card.


Other balance transfer credit cards to consider

In some cases, it may be worth considering a card with a balance transfer fee if the card is a good match for you and has enough perks to outweigh the fee. Here are a couple of our top picks for cards with 0% introductory balance transfer APRs.

Citi® Diamond Preferred® Card

On Citibank's Secure Website

None

$0

16.74% - 26.74% (Variable)

660 - 850

  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 16.74% - 26.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.

Our thoughts

The Citi® Diamond Preferred® Card offers a 0% APR with a long introductory period on both balance transfers and purchases. While there are no major issuers currently offering a 0% balance transfer for 24 months, this card comes close.

Keep in mind a Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum. So crunch the numbers to make sure the benefits and perks outweigh the fee for you.

Introductory balance transfer APR: 0% for 21 months on Balance Transfers

Introductory purchase APR: 0% for 12 months on Purchases

Regular APR: 16.74% - 26.74% (Variable) depending on creditworthiness

Annual fee: $0

Other features: Free access to your FICO Score. Purchase protection for items you buy with your card.

Citi® Double Cash Card – 18 month BT offer

On Citibank's Secure Website

For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.

$0

16.99% - 26.99% (Variable)

660 - 850

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.99% - 26.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • 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.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Our thoughts

The Citi® Double Cash Card – 18 month BT offer gives cardholders a little extra time to pay off a big balance. It's good for consumers who are looking for a simple cashback rewards card with a solid earnings rate that they can keep for many years to come.

There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening. So you'll have to crunch the numbers on your debt to decide if the fee is worth it for you.

Introductory balance transfer APR: 0% for 18 months on Balance Transfers

Introductory purchase APR: N/A

Regular APR: 16.99% - 26.99% (Variable) based on creditworthiness

Annual fee: $0

Other features: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. No categories or caps on cash back.

Why a card with no balance transfer fee is the better deal

Considering a balance transfer? It's smart to learn how 0% APR credit cards work and why a card with no balance transfer fee may save you money over a card with a fee and a longer introductory 0% APR period.

Let's say you're transferring a balance of $5,000 and you can pay $300 a month on your debt. At the end of the one-year introductory period offered by card two, you'll still have $1,400 left to pay down, which will take almost five months more.

Here is a comparison of the balance transfer costs between two cards, one with a fee and one without:

Cost of a $5,000 balance transfer (with $300 monthly payment)

Card 1 with balance transfer fee

  • Balance transfer fee: 3%
  • Intro APR: 0% for 18 months
  • Balance after intro period: None
  • Total cost: $150 ($150 balance transfer fee + $0 interest)

Card 2 without balance transfer fee

  • Balance transfer fee: $0
  • Intro APR: 0% for 12 months
  • Balance after intro period: $1,400 with 18% APR
  • Total cost: $41 ($0 balance transfer fee + $41 interest)

Bottom line: As you can see, the $0 balance transfer fee credit card is a better deal. With that card, you save $109 over the card with a balance transfer fee and a longer introductory period.

FAQs

A no-balance-transfer-fee credit card is a card that doesn't charge a fee for transferring balances. Some of these cards also include a 0% introductory APR for balance transfers, making your balance transfer cost-free if you pay off your balance before the introductory period expires. Many of the cards on our best balance transfer cards list charge a balance transfer fee of 3%, which can add up if you're transferring thousands of dollars. A credit card with no balance transfer fee can save you money and allow you to pay down debt faster. ^

The best card with no balance transfer fee depends on your needs, preferences and situation. One of our top picks is the Wings Visa Platinum card. Not only does it have no balance transfer fee, it also offers a 0% introductory period on both balance transfers and purchases. ^

It's not a common practice for credit card issuers to waive balance transfer fees, because these fees are one way some credit card companies make money from a balance transfer. Rather than trying to sweet talk a credit card issuer into waiving a balance transfer fee, your best bet is to apply for a balance transfer credit card with no fee. ^

A balance transfer itself won't negatively affect your credit. But several factors associated with a balance transfer may. When you apply for a balance transfer credit card, you'll get a hard inquiry from the lender which will ding your credit. If you apply for several cards, multiple hard inquiries can compound the problem. However, using an introductory 0% balance transfer offer to pay down your debt and decrease the amount of credit you're using may actually boost your credit. ^

The information related to Choice Rewards World Mastercard®, Navy Federal Platinum Credit Card, Navy Federal nRewards® Secured Credit Card, Wings Visa® Platinum Card, Navy Federal Credit Union GO REWARDS® Credit Card and Edward Jones World Mastercard® has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).