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2020’s Best Credit Cards With No Balance Transfer Fees and 0% APR

7 min read
Sean Messier By Sean Messier Aug 28, 2019 | Updated Sep 04, 2020

Balance transfer credit cards offer an excellent opportunity to kick-start the debt damage control process. If you’re struggling to pay down debt, one of these cards could be the money-saving solution you’re looking for.

Balance transfer cards are available through a variety of credit card issuers, and they generally provide 0% APR periods on transferred balances for your first year or more. While the cards are usually pretty simple, their lack of interest can make it much easier to manage your credit card debt — especially when it comes to larger balances currently attached to accounts with high interest rates.

Typically, however, these cards have balance transfer fees. They’re usually smallish, but can still take a financial toll if you’re trying to transfer a big balance.

Fortunately, there are some balance transfer credit cards don’t charge balance transfer fees, making a transfer sound that much more enticing.

We’ll give you more details about this great balance transfer card with no-fee transfers and an interest-free intro period in a moment, and you can see a quick rundown of that card in the table below. But first…

Card Balance Transfer APR Balance Transfer Fee
NFCU Platinum Credit Card

0% for 12 months, for transfers requested within 30 days, then 7.49%–18.00% Variable

None
Choice Rewards World Mastercard®

0% for 12 billing cycles, then 8.25%–18.00% Variable

None
Premier Privileges Rewards Mastercard®

0% for 6 months, then 10.50%–20.00% Variable

None
Justice FCU Visa Signature® Credit Card

0% for 6 months, then 10.15%–18.00% Variable

None

What Is a Balance Transfer Fee?

If you’ve never actually conducted a balance transfer, you may not know how the process unfolds.

Transferring a balance is pretty easy. In most cases, you simply fill out an online form found on your credit card’s account management portal with information concerning the balance you’d like to transfer, and then you’ll have to wait a bit before your transfer request is approved or denied. Occasionally, there will be a limit on how large a balance you can transfer, though this will often just be the card’s credit limit.

Balance transfers will often require you to pay a fee. 

Most balance transfer fees range from 3%–5%, and there’s nearly always a minimum fee of at least $5.

Because balance transfer fees are charged as a percentage, they can grow quite large if you’re looking to transfer a bigger balance.

Imagine you’re trying to transfer a $2,000 balance, for example. With a 5% fee, you’d be charged $100, and that’s quite a bit.

The card’s 0% introductory APR would likely help you offset that and then some with saved interest, but still — if you don’t have to pay it, why would you?

That’s exactly what makes the credit card offers we’ve compiled below so appealing.

Aside from fees, there are several other points worth considering if you’re planning to transfer a balance in the near future, including:

  • A limited time: You’ll generally have a limited time, usually around 60 days, to transfer a balance to a card with no fees and at a 0% interest rate.
  • A large enough credit limit: You’ll want a card with a credit limit large enough to accommodate your full balance, though your ability to get a high credit limit is mostly dependent on your creditworthiness and income.
  • Minimum payments: You’ll still have to pay at least your minimum monthly payment by the due date to avoid late fees, even if your balance transfer card has a 0% introductory offer.
  • Hard inquiries: Applying for a new credit card will nearly always result in a hard credit inquiry, which may impact your credit scores slightly and temporarily. Fortunately, it should be a small sacrifice for the opportunity to take care of your debt. Plus, the additional available credit provided by your new card should contribute positively to your credit utilization ratio, potentially helping to offset the effect of the inquiry on your credit scores.
  • Different lenders: Regular balance transfers must be conducted between cards issued by two different credit card companies, or between a credit card company and another lender; you won’t be able to transfer a balance between two cards from the same issuer.
Insider tip

In addition to the typical card-to-card balance transfer, there are also bank balance transfers, which work a bit differently. You request a transfer with the issuer of your balance transfer card, but instead of paying off the balance of another card, the issuer sends money directly to your bank account. Then, that amount becomes your transfer card’s balance, which you’ll have to pay off as usual.

The Best Credit Cards With No Balance Transfer Fees and 0% Balance Transfer APR Offers

There’s a relatively rich selection of credit cards that charge no balance transfer fees. But if you’d actually like to transfer a balance, you’re probably best off with a card that has both no-fee transfers and a 0% introductory balance transfer APR offer. Very few cards check both boxes, so we’ll talk first about the cards that do.

Afterward, we’ll list a few cards that charge no balance transfer fees, but don’t provide a balance transfer intro APR.

NFCU Platinum Credit Card

NFCU Platinum Credit Card

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APR7.49%–18.00% Variable
Apply Now

securely on the issuer's website

  • 0% introductory balance transfer APR for 12 months, for transfers requested within 30 days, then your rate will be 7.49%–18.00% Variable
  • Access to your FICO Score based on Equifax data
  • No annual fee
  • No balance transfer fee
  • No foreign transaction fee

Like most balance transfer cards with intro APR offers and no balance transfers fees, there’s little else to say about Navy Federal Credit Union’s NFCU Platinum Credit Card. There are no rewards, and few fees, aside from interest charges. Its primary catch is that you only get the introductory offer if you request your balance transfer in the first 30 days.

Balance Transfer APR Balance Transfer Fee

0% for 12 months, for transfers requested within 30 days, then 7.49%–18.00% Variable

None

Key Features

  • Eligibility: Must be an NFCU member to apply; membership eligibility includes all active duty, retired, and veteran servicemembers along with their families, and DoD civilian personnel
  • Purchase APR: 7.49%–18.00% Variable
  • Annual fee: $0

Choice Rewards World Mastercard

Choice Rewards World Mastercard®

Min. credit levelGood
Details
Annual Fee$0
Regular APR8.25%–18.00% Variable
Apply Now

securely on the issuer's website

  • 2X points per dollar spent on groceries, gas, electronics, medical, household goods, and telecommunications
  • 20,000 points when you spend $3,000 in the first 60 days
  • 0% intro balance transfer APR for 12 billing cycles, and then 8.25%–18.00% Variable
  • MasterAssist Insurance, Purchase Assurance, and ShopRunner membership
  • No balance transfer fee, foreign transaction fee, or cash advance fee
  • No annual fee

The Choice Rewards World Mastercard® is quite the card, offering rewards in a range of atypical categories and World Mastercard benefits for no annual fee. Its introductory balance transfer offer is great, too, running longer than some of the cards we’ll mention below.

Balance Transfer APR Balance Transfer Fee

0% for 12 billing cycles, then 8.25%–18.00% Variable

None

Key Features

  • Eligibility: Must be a First Tech member to apply; become eligible by joining either the Financial Fitness Association ($8) or the Computer History Museum ($15)
  • Rewards: 2X points per dollar on Groceries, Gas, Electronics, Medical purchases, Household goods, and Telecommunications purchases; 1X point per dollar on all other purchases
  • Benefits: ShopRunner membership, cell phone protection, car rental coverage, and more
  • Purchase APR: 8.25%–18.00% Variable
  • Annual fee: $0

Premier Privileges Rewards Mastercard

Premier Privileges Rewards Mastercard®

Min. credit levelGood
Details
Annual Fee$0
Regular APR10.50%–20.00% Variable
Apply Now

securely on the issuer's website

  • 1.5X points per dollar on all purchases
  • MasterRental Auto Insurance
  • Hotel/Burglary coverage
  • Trip Cancellation or Interruption Insurance
  • Lost/Damaged or Delayed Baggage Insurance
  • Travel Accident Insurance
  • Purchase Assurance
  • Airport Concierge
  • No balance transfer fee, no foreign transaction fee, and no overlimit fee
  • No annual fee

The Premier Privileges Rewards Mastercard® is a solid general-use credit card. It pairs flat-rate rewards with decent benefits, plus a fee-free balance transfer opportunity. What’s not to love?

Balance Transfer APR Balance Transfer Fee

0% for 6 months, then 10.50%–20.00% Variable

None

Key Features

  • Eligibility: Must be a member of Premier America; become eligible by joining the Alliance for the Arts, starting at $55
  • Rewards: 1.5X points per dollar on all purchases
  • Benefits: Rental car insurance, hotel/burglary coverage, trip cancellation insurance, and more
  • Purchase APR: 10.50%–20.00% Variable
  • Annual fee: $0

Justice FCU Visa Signature Credit Card

Justice FCU Visa Signature® Credit Card

Min. credit levelGood
Details
Annual Fee$0
Regular APR10.15%–18.00% Variable
Apply Now

securely on the issuer's website

  • 1.5% cash back on all purchases
  • 0% APR for 6 months on purchases, balance transfers, and cash advances, then 10.15%–18.00% Variable
  • Visa Zero Liability
  • Visa Signature Concierge
  • No foreign transaction fee
  • No balance transfer fee
  • No annual fee

Interestingly, all of Justice Federal Credit Union’s credit cards offer introductory balance transfer APR offers with no transfer fees. But the Justice FCU Visa Signature® Credit Card seems like it’s the best choice for the most people. It’s a lot like the Premier card above — on top of its introductory offer, the card delivers a solid flat reward rate.

Balance Transfer APR Balance Transfer Fee

0% for 6 months, then 10.15%–18.00% Variable

None

Key Features

  • Eligibility: Must be an employee of the Department of Justice, Homeland Security, or a U.S. court, or a member of an eligible law enforcement organization or association, in order to join
  • Rewards: 1.5% cash back on all purchases
  • Visa Signature Concierge
  • Purchase APR: 10.15%–18.00% Variable
  • Annual fee: $0

Cards With No Balance Transfer Fees, But No Intro APR Offer

Cards that offer no-fee balance transfers, but don’t provide 0% APR offers, aren’t usually going to be the best choices if you’d like to transfer a balance. Nevertheless, we’ve compiled several cards that offer this perk below.

It’s also worth noting that you may be more likely to find a credit card with no balance transfer fees at your local (or an online) credit union. These cards may not offer the same perks as big-name picks, but credit unions are governed by strict laws that usually lead to a lower regular APR, and this could still help you save some cash over time. Just remember that most credit unions have specific membership requirements you’ll have to meet if you want one of their cards. We’ve included a few credit union cards below for good measure.

Insider tip

Most Capital One cards feature no balance transfer fees unless you’re transferring a balance to a card with a promotional APR offer. So if you find a Capital One card with a 0% balance transfer APR, you’ll likely pay a balance transfer fee, while you probably won’t if you opt to transfer to a card with a standard balance transfer APR.

For Consumers

Capital One® VentureOne® Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR15.49% - 25.49% (Variable)

The information related to Capital One® VentureOne® Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Venture® Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$95
Regular APR17.24% - 24.49% (Variable)

The information related to Capital One® Venture® Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Savor® Cash Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$95
Regular APR15.99% - 24.99% Variable
Apply Now

securely on the issuer's website

The information related to Capital One® Savor® Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® QuicksilverOne® Cash Rewards Credit Card

Our rating
Min. credit levelFair
Details
Annual Fee$39
Regular APR26.99% (Variable)

The information related to Capital One® QuicksilverOne® Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Prime Platinum Visa

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APRAs low as 8.5% Variable
Apply Now

securely on the issuer's website

  • APRs as low as Prime + 3%
  • No balance transfer fees
  • Auto Rental Collision Damage Waiver
  • Zero-liability fraud protection
  • Emergency card replacement
  • No annual fee

NFCU Visa Signature® Flagship Rewards

Our rating
Min. credit levelFair
Details
Annual Fee$49, $0 first year
Regular APR11.49%–18.00% Variable
Apply Now

securely on the issuer's website

  • 3X points per dollar spent on travel
  • 2X points per dollar spent on all other purchases
  • 50,000 bonus points after spending $4,000 in the first 90 days of account opening
  • Cell phone protection
  • Access to one of your FICO scores
  • No balance transfer fees
  • No foreign transaction fees
  • $49 annual fee, waived the first year

For Businesses

Capital One® Spark® Classic for Business

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APR24.49% Variable
Apply Now

securely on the issuer's website

The information related to Capital One® Spark® Classic for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Spark® Cash Select for Business

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR14.49% - 22.49% Variable
Apply Now

securely on the issuer's website

The information related to Capital One® Spark® Cash Select for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Spark® Cash for Business

Our rating
Min. credit levelExcellent
Details
Annual Fee$0 intro for first year; $95 after that
Regular APR18.49% Variable
Apply Now

securely on the issuer's website

The information related to Capital One® Spark® Cash for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Spark® Miles Select for Business

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR14.49% - 22.49% Variable
Apply Now

securely on the issuer's website

The information related to Capital One® Spark® Miles Select for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Capital One® Spark® Miles for Business

Our rating
Min. credit levelGood
Details
Annual Fee$0 intro for first year; $95 after that
Regular APR20.99% Variable
Apply Now

securely on the issuer's website

The information related to Capital One® Spark® Miles for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Pay Less Interest With Balance Transfers

Credit cards with no balance transfer fees and intro APR offers are among the best ways to pay off an outstanding credit card balance. But if you’re looking for a new credit card with a longer introductory period than is offered by any of the above options, you might find the perfect match among our favorite balance transfer credit cards.

Top picks include the Citi® Diamond Preferred® Card (Review), which boasts an introductory APR period of 18 months, and the Wells Fargo Platinum card (Review), with an intro period that lasts 18 months on qualifying balance transfers.

After all, with a strong intro period, your long-term savings on interest will often offset any balance transfer fee with ease.

Frequently Asked Questions

How do you avoid balance transfer fees?

Most credit cards with 0% introductory balance transfer APR offers will charge you a balance transfer fee. But not all of them.

Some issuers choose to provide fee-free balance transfer offers to further entice customers. As of 2020, these options are currently few and far between due to the current economic situation, but several prominent cards offered this money-saving feature before the pandemic hit.

So, if you’re hoping to avoid paying a fee to transfer a balance, you have to look for a card with no balance transfer fee. You may even want to ask your local credit union if it offers such a card, as most that currently feature fee-free balance transfer offers are only available through these types of institutions.

What’s the best no-fee balance transfer credit card?

There are currently very few no-fee balance transfer cards; the NFCU Platinum Credit Card is our pick for the best. Its introductory balance transfer APR — 0% for 12 months, for transfers requested within 30 days, then 7.49%–18.00% Variable — isn’t the best we’ve seen, but most better offers have since been indefinitely withdrawn.

You have to be a member of the Navy Federal Credit Union in order to get the card, which is its biggest obstacle. The NFCU is geared for members of the armed forces, but you can join if you have an immediate family member who’s a member of the credit union, even if you’re not.

Why should you get a balance transfer?

The main benefit of balance transfers is that they can help you save money by transferring a high-interest debt to a lower-interest account.

The best balance transfer credit cards feature 0% introductory balance transfer APR offers that often give you a year or more to knock out the debt in question without accumulating interest.

Depending on the size of the debt, that could amount to hundreds of dollars in savings.

Who qualifies for a balance transfer?

It depends on the card — some balance transfer cards may require good credit, while, for others, fair credit will suffice.

Even if you know what kind of credit scores the issuer is looking for, there’s no guarantee that you’ll be approved or denied. Other factors, like your income, are also considered, and may impact the issuer’s decision.

Looking to avoid interest on purchases too? You’ll find several credit cards — including some of our favorite cards overall — that provide 0% introductory purchase APR offers.

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The information related to Capital One® VentureOne® Rewards Credit Card, Capital One® Venture® Rewards Credit Card, Capital One® Savor® Cash Rewards Credit Card, Capital One® QuicksilverOne® Cash Rewards Credit Card, Capital One® Spark® Classic for Business, Capital One® Spark® Cash Select for Business, Capital One® Spark® Cash for Business, Capital One® Spark® Miles Select for Business, and Capital One® Spark® Miles for Business have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.

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