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

5 min read
Sean Messier By Sean Messier Aug 28, 2019 | Updated Mar 27, 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.

Sometimes, 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, several of the best 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 the select few big-name balance transfer cards with no-fee transfers and interest-free intro periods in a moment, and you can see a quick rundown of these cards in the table below. But first…

Card Balance Transfer APR Balance Transfer Fee
Amex EveryDay® Credit Card (Review)

0% for 15 months, then 13.99%–24.99% Variable

None
BankAmericard® Credit Card

0% for 15 billing cycles, then 15.24%–25.24% Variable

$0 for first 60 days, then 3%, $10 minimum
Chase Slate® (Review)

0% for 15 months, then 16.49%–25.24% Variable

$0 for the first 60 days, then 5%, $5 minimum
NFCU Platinum Credit Card

0% for 12 months, for transfers requested within 30 days, then 8.24%–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.

 

Amex EveryDay® Credit Card

Amex EveryDay® Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR13.99%–24.99% Variable
Apply Now

securely on the issuer's website

  • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.99%–25.99%.
  • $0 balance transfer fee. Balance transfers must be requested within 60 days from account opening.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.
  • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • No annual fee.
  • Terms Apply.

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

Balance Transfer APR Balance Transfer Fee

0% for 15 months, then 13.99%–24.99% Variable

(for transfers requested within 60 days)

None

Compared to the other cards we’ll mention here, the Amex EveryDay® Credit Card (Review) is a clear outlier, because it features a fairly strong rewards program and has a one-time welcome bonus. Otherwise, this American Express rewards card boasts a very similar introductory APR offer, and also charges no balance transfer fees for the first 60 days.

If you’re after a card with no balance transfer fee that’ll retain its appeal after your transferred balance has been paid off, the Amex EveryDay is awfully hard to beat.

Spending Rewards
  • 2X Membership Rewards points per dollar at:
    • U.S. supermarkets (up to $6,000 spent annually)
    • American Express Travel
  • 1X Membership Rewards point per dollar for all other purchases
  • 20% point bonus: For making 20 or more purchases per billing period
Introductory Bonus Offer
  • 10,000 bonus points for spending $1,000 in the first 3 months after account opening
    • Value: $100–$200 (assuming 1–2 cents per point)
    • Return on spend: 10%–20%

Key Features

  • Purchase APR: 0% intro APR for 15 months, then 13.99%–24.99% Variable
  • Annual fee: $0

 

BankAmericard® Credit Card

BankAmericard® Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR15.24%–25.24% Variable
Apply Now

securely on the issuer's website

  • 0% APR for purchases and balance transfers for 15 billing cycles made in the first 60 days. After the intro APR offer ends, 15.24%–25.24% Variable,
  • No balance transfer fee for the first 60 days; 3% fee (min $10) after that for all 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
Balance Transfer APR Balance Transfer Fee

0% for 15 billing cycles, then 15.24%–25.24% Variable

$0 for first 60 days, then 3%, $10 minimum

The BankAmericard® Credit Card, issued by Bank of America, is designed for balance transfers, period. You get a strong introductory period, and there’s no balance transfer fee if you initiate the transfer within the allotted amount of time. After that, the card charges a balance transfer fee that’s on the low end, which is a nice perk if you need to transfer a balance after the fee-free promotional period.

The card also features no penalty APR, though other fees and terms may come into play if you pay late.

Key Features

  • Purchase APR: 0% for 15 billing cycles, then 15.24%–25.24% Variable
  • Annual fee: $0

Insider tip

There’s a student version of the BankAmericard, suitably called the BankAmericard® Credit Card for Students. This card offer is virtually identical to the standard BankAmericard, albeit with very slight fee-related differences, so we didn’t bother including it as a separate entry.


Chase Slate®

Chase Slate®

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR16.49%–25.24% Variable
Apply Now

securely on the issuer's website

  • Free DoorDash membership (DashPass; gets you free delivery and reduced service fees on orders over $12 and up) for three months, and then a 50% discount for the following nine months
  • 0% intro APR for 15 months on purchases and balance transfers. After that, 16.99%—25.74% variable APR.
  • No balance transfer fee for the first 60 days your account is open. After that, the fee for future transactions is 5% of the amount transferred with a minimum of $5.
  • Monitor your VantageScore 3.0 credit score, based on your TransUnion credit report.
  • No annual fee.

Balance Transfer APR Balance Transfer Fee

0% for 15 months, then 16.49%–25.24% Variable

(for transfers made within 60 days of account opening)

$0 for the first 60 days, then 5%, $5 minimum

Take a quick glance at the terms and features of the Chase Slate® (Review), and you’d be forgiven for thinking it’s essentially the same credit card offer as the BankAmericard. The most significant difference is that the balance transfer fee that kicks in after the first 60 days is a touch higher.

Key Features

  • Purchase APR: 0% intro APR for 15 months, then 16.49%–25.24% Variable
  • Annual fee: $0

 

NFCU Platinum Credit Card

NFCU Platinum Credit Card

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APR8.24%–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 8.24%–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 8.24%–18.00% Variable

None

Key Features

  • Purchase APR: 8.24%–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

Capital One® VentureOne® Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0
Regular APR14.49% - 24.49% Variable
Apply Now

securely on the issuer's website

  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn
  • Transfer your miles to over 15+ leading travel loyalty programs
  • Enjoy 0% intro APR on purchases for 12 months; 14.49% – 24.49% variable APR after that

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

Capital One® Venture® Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0 intro for first year; $95 after that
Regular APR17.24% - 24.49% Variable
Apply Now

securely on the issuer's website

  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles on every purchase, every day.
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 15+ leading travel loyalty programs
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

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

Capital One® Savor® Cash Rewards Credit Card

Our rating
Min. credit levelGood
Details
Annual Fee$0 intro for first year; $95 after that
Regular APR15.99% - 24.99% Variable
Apply Now

securely on the issuer's website

  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that

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

Capital One® QuicksilverOne® Cash Rewards Credit Card

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

securely on the issuer's website

  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn’t expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app

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

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

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
PenFed Promise Visa® Card

PenFed Promise Visa® Card

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APR11.74% to 17.99% Variable
Apply Now

securely on the issuer's website

  • $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 September 30, 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  March 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

For Businesses

Capital One® Spark® Classic for Business

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

  • Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • No annual fee
  • Build and strengthen credit for your business by using this credit card responsibly
  • $0 Fraud Liability if your card is lost or stolen
  • Free employee cards, which also earn unlimited 1% cash back on all purchases
  • Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees

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

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

  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% – 22.49% variable APR after that
  • No annual fee
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount
  • $0 Fraud Liability if your card is lost or stolen
  • No foreign transaction fees

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

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

  • Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • $0 annual fee for the first year; $95 after that
  • Free employee cards, which also earn unlimited 2% cash back on all purchases
  • $0 Fraud Liability if your card is lost or stolen
  • Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees

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

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

  • Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account
  • Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once you spend $3,000 on purchases within the first 3 months from account opening
  • Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles Select card
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% – 22.49% variable APR after that
  • No annual fee
  • Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Free employee cards which also earn unlimited 1.5X miles from their purchases

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

Capital One® Spark® Miles for Business

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

securely on the issuer's website

  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account
  • Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card
  • Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Fly through security with one statement credit for either the $85 TSA Pre✓® application fee or the $100 Global Entry application fee
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards which also earn unlimited 2X miles from their purchases

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 21 months, and the Wells Fargo Platinum card, 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.

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 Amex EveryDay® Credit Card, 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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