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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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On this page
- Best balance transfer cards with no transfer fee
- Cards you should consider with balance transfer fees
- Guide to balance transfer fees
- How to qualify
- Pros and cons
- Is a no-fee balance transfer card right for you?
- FAQs
- Methodology
Updated on:
Content was accurate at the time of publication.
Why use LendingTree? We are committed to providing accurate content that helps you make informed money decisions. The content on this page has not been reviewed, approved or otherwise endorsed by any credit card issuer. We do maintain partnerships with some issuers, and our site may be compensated through those partnerships. Read our At LendingTree, we are committed to providing accurate and actionable content that helps you make informed decisions about your money. Our team of writers and editors follows these key guidelines:Editorial Guidelines
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Key Takeaways
- Balance transfer fees — which range from 3-5% of your balance — can add substantially to the cost of a balance transfer.
- Cards with no balance transfer fees tend to have shorter intro APR periods, but can still be worth it. The average American has over $6,800 in credit card debt and could save between $204 and $340 with a no-fee balance transfer.
- No-balance-transfer-fee cards are most commonly offered by credit unions with membership restrictions. But many credit unions offer workarounds that allow anyone to join.
- If you need longer than a year to pay off your transferred balance, a credit card that charges a balance transfer fee may be a better fit.
Our pick for the best balance transfer credit card with no transfer fee
ESL Visa® Credit Card
Learn More on ESL Federal Credit Union's secure site
ESL Visa® Credit Card
The best credit card with no balance transfer fee is the ESL Visa® Credit Card because it gives you a year to pay off your balance transfer interest-free and has a low ongoing APR of 13.50%-17.99% variable APR.
13 Best No Fee Balance Transfer Credit Cards
| Credit Cards | Our Ratings | Intro Balance Transfer APR | Regular Balance Transfer Rate | Membership requirements | |
|---|---|---|---|---|---|
| ESL Visa® Credit Card* Learn More on ESL Federal Credit Union's secure site | 4.0 | 0% intro APR for 12 months on balance transfers | 13.50%-17.99% variable APR | Live in certain New York state counties and meet other eligibility requirements (e.g. affiliation with George Eastman Museum). See full requirements. | Learn More on ESL Federal Credit Union's secure site |
| Hudson Valley Visa® Platinum Credit Card* Learn More on Hudson Valley Credit Union's secure site | 3.6 | 0% for 12 months on balance transfers | 16.50%-18.00% APR | Live, volunteer, attend school, work, or worship in eligible locations. See full requirements. | Learn More on Hudson Valley Credit Union's secure site |
| BECU Visa Credit Card* Learn More on Boeing Employee's Credit Union's secure site | 3.5 | 0% Intro APR for 12 months on balance transfers | 14.24% to 25.24% variable | Live in an eligible location, employees of BECU, Boeing and members of partner associations. See full requirements. | Learn More on Boeing Employee's Credit Union's secure site |
| Kinecta MyPower Credit Card* Learn More on Kinecta Federal Credit Union's secure site | 3.5 | 5.99% Introductory APR for a period of 18 billing cycles | 13.24%-18.00% Variable | Anyone can apply for a card. See full requirements. | Learn More on Kinecta Federal Credit Union's secure site |
| Navy Federal Platinum Credit Card* | 0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening | 11.99% to 18.00% (variable) | Personal or family ties to the armed forces, DoD or National Guard. See full requirements. | ||
| PSECU Visa® Classic* Learn More on PSECU's secure site | 2.8 | 4.9% until Dec. 31, 2025 on balance transfers | 12.90% Variable | Live with or are related to a PSECU member, affiliation with certain Pennsylvania colleges, universities, employers and partner organizations. See full requirements. | Learn More on PSECU's secure site |
| PFFCU Contactless Rewards Visa* Learn More on PFFCU's secure site | 2.7 | 0% for 9 months | 14.4% to 18.00% variable | Work as police officer, firefighter or for select employee groups and also residents of specific Delaware, Pennsylvania and New Jersey counties. See full requirements. | Learn More on PFFCU's secure site |
| OnPoint Signature Visa® with Cash Back Rewards* Learn More on OnPoint Community Credit Union's secure site | 4.4 | 4.99% intro APR for 12 months on balance transfers | 17.25%-27.75% Variable | Live or work in an eligible location or are related to someone who is eligible for membership. See full requirements. | Learn More on OnPoint Community Credit Union's secure site |
| BethPage Mastercard® Low Rate Credit Card* Learn More on Bethpage Federal Credit Union's secure site | 2.4 | 2.99%-4.99% for the first 12 months on balance transfers | 13.40%-18.00% Variable | Anyone can apply for a card. See full requirements. | Learn More on Bethpage Federal Credit Union's secure site |
| Edward Jones Business Plus MasterCard Credit Card* | 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening | 20.24%–32.24% Variable | Edward Jones customers | ||
| CEFCU World Mastercard* Learn More on CEFCU's secure site | 2.1 | 1.99% APR for 12 months on balance transfers | 14.75% to 24.25% APR | Live or work in an eligible location, employees of CEFCU or partner companies, related to or live with someone who meets eligibility requirements or spouse of a member who passed away. See full requirements. | Learn More on CEFCU's secure site |
| CEFCU Cash Back Credit Mastercard* Learn More on CEFCU's secure site | 3.5 | 1.99% introductory APR for 12 months on balance transfers | 15.75%-25.25% Variable | Live or work in an eligible location, employees of CEFCU or partner companies, related to or live with someone who meets eligibility requirements or spouse of a member who passed away. See full requirements. | Learn More on CEFCU's secure site |
| CEFCU Rewards Credit Mastercard* Learn More on CEFCU's secure site | 2.0 | 1.99% for 12 months on balance transfers | 14.75%-24.25% APR | Live or work in an eligible location, employees of CEFCU or partner companies, related to or live with someone who meets eligibility requirements or spouse of a member who passed away. See full requirements. | Learn More on CEFCU's secure site |
*The information for the ESL Visa® Credit Card, Hudson Valley Visa® Platinum Credit Card, BECU Visa Credit Card, Kinecta MyPower Credit Card, Navy Federal Platinum Credit Card, PSECU Visa® Classic, PFFCU Contactless Rewards Visa, OnPoint Signature Visa® with Cash Back Rewards, BethPage Mastercard® Low Rate Credit Card, Edward Jones Business Plus MasterCard Credit Card, CEFCU World Mastercard, CEFCU Cash Back Credit Mastercard and CEFCU Rewards Credit Mastercard has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms Apply.
*Based on LendingTree’s value methodology.
Best balance transfer cards with no transfer fee
ESL Visa® Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on ESL Federal Credit Union's secure site
Intro balance transfer APR: 0% intro APR for 12 months on balance transfers then a 13.50%-17.99% variable APR applies
Regular Balance Transfer APR 13.50%-17.99% variable APR
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- Low regular APR
- No rewards
- No sign-up bonus
- Requires credit union membership
Estimated savings: $1,210 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The ESL Visa® Credit Card is low on fees and high on savings. You won’t have to pay balance transfer, annual or cash advance fees. Plus, you’ll have a year to pay off your balance transfer before being subject to a low ongoing 13.50%-17.99% variable APR.
- Save money with our 0% Intro APR for 12 months.
- Save even more with our low ongoing rate of 13.50%-17.99% APR.1
- No annual fees.1
- No fees for balance transfers.1
- Get the powerful protection of the Visa Zero Liability Policy.2
- Emergency ticket replacement and other travel and emergency assistance.
- Auto rental insurance automatically covering vehicle damage or theft up to the full value of most vehicles when you rent a car with your ESL visa credit card.
- Extended warranty protection.
1: Rates subject to credit evaluation. Annual Percentage Rate (APR) is variable and may increase. 0.00% is fixed for 12 billing cycles from account open date. After that, Prime Rate + 5.00% up to Prime Rate + 14.24% to determine the Purchase and Balance Transfer Rates. Maximum APR is 17.99%. As of 7/27/23, the Prime Rate was 8.50%. Foreign transaction fees may apply. VISA is a registered trademark of Visa International Service Association and used under license. Please see our disclosure for complete details on the terms and conditions of your ESL Visa Credit Card Account.
2: Visa Zero Liability Policy does not apply to ATM transactions or to PIN transactions not processed by Visa.
*The information related to the ESL Visa® Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
Hudson Valley Visa® Platinum Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on Hudson Valley Credit Union's secure site
Intro balance transfer APR: 0% for 12 months on balance transfers then a Variable 16.50%-18.00% APR applies
Regular Balance Transfer APR 16.50%-18.00% APR
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- Low regular APR
- No rewards
- No sign-up bonus
- Requires credit union membership
Estimated savings: $1,191 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
While the Hudson Valley Visa® Platinum Credit Card doesn’t offer rewards or perks, it does offer an intro APR of 0% for 12 months on balance transfers. After that, there’s a low ongoing variable 16.50%-18.00% APR. So if you can’t pay off your card before the interest-free period ends, you won’t be stuck paying high interest rates on your remaining balance.
- Intro APR offer on purchases and balance transfers
- $0 annual fee
- $0 balance transfer fees
- Emergency services, price protection, return protection and more
- Complimentary 24/7 assistance services
*The information related to the Hudson Valley Visa® Platinum Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
BECU Visa Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on Boeing Employee's Credit Union's secure site
Intro balance transfer APR: 0% Intro APR for 12 months on balance transfers then a 14.24% to 25.24% variable APR applies
Regular Balance Transfer APR 14.24% to 25.24% variable
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- $0 cash advance fee
- No rewards
- No sign-up bonus
- Requires credit union membership
Estimated savings: $1,178 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The BECU Visa Credit Card gives you a year to pay off your balance transfer before paying a cent of interest, after which any remaining balance will be subject to a 14.24% to 25.24% variable APR. Plus, there are several ways to qualify for membership even if you don’t live in Washington, Oregon or Idaho.
- No annual fee
- No balance transfer fees
- No cash advance fees
- No foreign transaction fees
- Choose from four card designs
*The information related to the BECU Visa Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
Kinecta MyPower Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on Kinecta Federal Credit Union's secure site
Balance transfer APR: 5.99% Introductory APR for a period of 18 billing cycles, then a 13.24%-18.00% Variable APR applies
Regular Balance Transfer APR 13.24%-18.00% Variable
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- No credit union membership required
- No 0% intro APR
- No rewards
- No sign-up bonus
Estimated savings: $1,060 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
Unlike many of the cards on this list, the Kinecta MyPower Credit Card is accessible to anyone in the U.S. It doesn’t offer a 0% introductory APR period on balance transfers, but the intro APR of 5.99% Introductory APR for a period of 18 billing cycles will help you save on high-interest credit card debt. Once the introductory period ends, you’ll be subject to a low ongoing 13.24%-18.00% Variable APR on any remaining balance.
- Low intro APR on balance transfers
- No annual fees, late fees, balance transfer fees, cash advance fees or foreign transaction fees
- Mastercard ID Theft Protection
- Digital wallet compatibility
*The information related to the Kinecta MyPower Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
Navy Federal Platinum Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Intro balance transfer APR: 0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening then a 11.99% to 18.00% (variable) APR applies
Regular Balance Transfer APR 11.99% to 18.00% (variable)
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion 600-850 Fair / Good / Excellent
- $0 annual fee
- $0 balance transfer fee
- Available to people with fair / good / excellent credit
- Military connection required to qualify for credit union membership
- No 0% intro APR
Estimated savings: $1,176 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
If you have ties to the U.S. Armed Forces, Department of Defense or National Guard, you should consider the Navy Federal Platinum Credit Card. You’ll have a hard time finding a card with lower introductory and ongoing interest rates for your balance transfer. Plus, there are no foreign transaction fees, making the card an excellent choice if you’re traveling abroad.
- Intro 0.99% APR on balance transfers for 12 months. Applies to balance transfers requested within 60 days of account opening (then 11.99% to 18.00% (variable))
- After the intro period, a 11.99% to 18.00% (variable) APR applies
- No balance transfer fee
- No annual fee
*The information related to the Navy Federal Platinum Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
PSECU Visa® Classic*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on PSECU's secure site
Intro balance transfer rate: 4.9% until Dec. 31, 2025 on balance transfers, then a 12.90% Variable APR applies
Regular Balance Transfer APR 12.90% Variable
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- Potentially high credit limit
- No 0% intro APR
- No rewards
- No sign-up bonus
- Credit union membership required
Estimated savings: $1,088 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The PSECU Visa® Classic is a solid choice for Pennsylvania residents who are looking for a no-fee balance transfer card with low rates. Plus you can qualify for a credit line of up to $30,000, making this card potentially a great choice for those who need to transfer a large balance.
- No annual fee
- Free credit score service
- Credit lines of up to $30,000 if qualified
- No balance transfer fee
*The information related to the PSECU Visa® Classic has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
PFFCU Contactless Rewards Visa*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on PFFCU's secure site
Intro balance transfer APR: 0% for 9 months then a 14.4% to 18.00% variable APR applies
Regular Balance Transfer APR 14.4% to 18.00% variable
Rewards Rate Earn 1 point for every $1 spent
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- 0% balance transfer fee
- Earns rewards
- Short intro APR period
- No sign-up bonus
Estimated savings: $1,071 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
In addition to offering an interest-free period on balance transfers, the PFFCU Contactless Rewards Visa allows you to earn rewards points on every purchase. The card’s low ongoing 14.4% to 18.00% variable APR on balance transfers will make it less expensive to pay off any remaining balance after the introductory period ends.
- Intro APR offer on purchases and balance transfers
- No balance transfer fee
- No annual fee
- No cash advance fee
- Free access to your FICO score on your statement
- Same-day card issuance at a branch
*The information related to the PFFCU Contactless Rewards Visa has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
OnPoint Signature Visa® with Cash Back Rewards*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on OnPoint Community Credit Union's secure site
Intro balance transfer APR: 4.99% intro APR for 12 months on balance transfers then a 17.25%-27.75% Variable APR applies
Regular Balance Transfer APR 17.25%-27.75% Variable
Rewards Rate 2% cash back on every purchase
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- No annual fee
- balance transfer fee
- Earns rewards
- No 0% intro APR
- No sign-up bonus
- Credit union membership required
Estimated savings: $1,046 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
If you live in an eligible location, the OnPoint Signature Visa® with Cash Back Rewards provides the opportunity to get a low intro APR on balance transfers. Plus, you’ll earn 2% cash back on every purchase — a rate that’s competitive with some of our favorite cash back credit cards.
- Earn 2% cash back on every purchase
- Intro APR offers on purchases and balance transfers
- No annual fee
- No foreign transaction fees
- Travel and accident insurance
*The information related to the OnPoint Signature Visa® with Cash Back Rewards has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
BethPage Mastercard® Low Rate Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on Bethpage Federal Credit Union's secure site
Intro balance transfer APR: 2.99%-4.99% for the first 12 months on balance transfers then a 13.40%-18.00% Variable APR applies
Regular Balance Transfer APR 13.40%-18.00% Variable
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- Potentially high credit limit
- No credit union membership required
- No rewards
- No 0% intro APR
- No sign-up bonus
Estimated savings: $1,062 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The BethPage Mastercard® Low Rate Credit Card is one of the few cards on this list that is available to consumers nationwide. It offers a low intro APR on balance transfers as well as a low ongoing APR once the promotional period ends. It also has the potential to be a great option if you need a high credit limit, since you can qualify for a credit line of up to $35,000.
- Intro APR offers on purchases and balance transfers
- No balance transfer fee
- No annual fee
- No foreign transaction fees
- Credit lines available from $500 to $35,000
*The information related to the BethPage Mastercard® Low Rate Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
Edward Jones Business Plus MasterCard Credit Card*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Intro balance transfer APR: 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening then a 20.24%–32.24% Variable Variable APR applies
Regular Balance Transfer APR 20.24%–32.24% Variable
Rewards Rate Earn 1.5 Loyalty Points on every net $1 spent up to $40,000 and 2 Loyalty Points on every net $1 spent over $40,000
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee (if you have at least one purchase each year, otherwise $25)
- No balance transfer fee during intro APR period
- Offers rewards and sign-up bonus
- Potentially high regular APR
- Charges balance transfer fee for transfers made after first 60 days
Estimated savings: $929 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The Edward Jones Business Plus MasterCard Credit Card is a solid choice if you’re a business owner who’s planning to transfer a balance in the first 60 days opening your account. Along with an interest-free period on balance transfers, you’ll get a 0% introductory fee for balances transferred within the first 60 days; after that, 3% of each transferred amount, $5 minimum. Plus, the card offers rewards and valuable perks like travel accident insurance and global emergency services.
- Earn 1.5 Loyalty Points on every net $1 spent up to $40,000 and 2 Loyalty Points on every net $1 spent over $40,000. Redeem them for cash back, travel, gift cards, charitable donations or cash deposits directly into an Edward Jones account.
- Scoreboard Online Reporting - to help you track and manage business expenses.
- Have the support and personalised service of your Edward Jones financial advisor.
*The information related to the Edward Jones Business Plus MasterCard Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
CEFCU World Mastercard*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on CEFCU's secure site
Intro balance transfer APR: 1.99% APR for 12 months on balance transfers then a Variable 14.75% to 24.25% APR applies
Regular Balance Transfer APR 14.75% to 24.25% APR
Rewards Rate N/A
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- balance transfer fee
- Earns rewards
- No 0% intro APR
- Rewards have limited redemptions
Estimated savings: $1,023 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The CEFCU World Mastercard may be ideal if you plan to travel after paying off your transferred debt. In addition to its intro APR offers, you’ll get elevated rewards on travel purchases, including fuel, dining and hotels. You’ll also enjoy a handful of travel perks, like concierge service and special offers from Mastercard.
- 1.99% APR for 12 months on balance transfers, then 14.75% to 24.25% APR
- No balance transfer fee
- No annual fee
- Earn bonus points on select transactions — like fuel, dining, and hotels.
- Enjoy luxury travel perks.
- Use concierge service for travel planning and more.
- Receive special offers from Mastercard — like lodging, travel, and cruises.
*The information related to the CEFCU World Mastercard has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
CEFCU Cash Back Credit Mastercard*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on CEFCU's secure site
Intro balance transfer APR: 1.99% introductory APR for 12 months on balance transfers then a 15.75%-25.25% Variable APR applies
Regular Balance Transfer APR 15.75%-25.25% Variable
Rewards Rate 1.5% cash back on every purchase
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- No balance transfer fee
- Earns unlimited rewards
- No intro 0% APR
- Rewards have limited redemptions
Estimated savings: $1,011 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The CEFCU Cash Back Credit Mastercard offers an intro APR on balance transfers for a year before the ongoing 15.75%-25.25% Variable APR kicks in. It’s a card worth having even after you pay off your balance — you’ll earn 1.5% cash back on every purchase.
- 1.99% introductory APR for 12 months on balance transfers, then15.75%-25.25% Variable
- No balance transfer fee
- No annual fee
- Earn 1.5% cash back on every qualifying purchase
- Collect earned cash two ways; as a statement credit, or deposit to your CEFCU Savings or Checking account
*The information related to the CEFCU Cash Back Credit Mastercard has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
CEFCU Rewards Credit Mastercard*
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
LendingTree's Review How LendingTree Rates Credit Cards? Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
Learn More on CEFCU's secure site
Intro balance transfer APR: 1.99% for 12 months on balance transfers then a Variable 14.75%-24.25% APR applies
Regular Balance Transfer APR 14.75%-24.25% APR
Rewards Rate Earn 1 Point for every dollar of net purchases on your Card.
Annual Fee$0
Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion N/A
- $0 annual fee
- $0 balance transfer fee
- Lowest regular balance transfer APR of the CEFCU cards
- No 0% intro APR
- No rewards
Estimated savings: $1,023 (based on LendingTree’s credit card methodology)
Assuming $6,000 balance transfer 20% APR and $300 monthly payment
The CEFCU Rewards Credit Mastercard is a fair choice if you’re looking to transfer your high-interest debt to a card with a low interest rate. Plus you’ll earn rewards on every purchase.
- 1.99% for 12 months on balance transfers, then 14.75%-24.25% APR
- No balance transfer fee
- No annual fee
- Earn 1 point for every dollar of net purchases on your card.
- Redeem points online for gift cards, airline tickets (with no blackout dates), vacation packages, or merchandise.
*The information related to the CEFCU Rewards Credit Mastercard has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
Cards with balance transfer fees that are worth considering
The following balance transfer credit cards are worth considering despite charging balance transfer fees. In general, they’re easier to qualify for because they’re issued by national banks rather than credit unions. They also provide longer 0% interest introductory periods, which could help you save thousands on interest payments if you’re able to pay off your balance before the intro period ends. Plus, many of them offer rewards, making them valuable long after you’ve paid off your balance.
| Credit Cards | Our Ratings | Balance Transfer Fee | Intro Balance Transfer APR | Regular Balance Transfer Rate | |
|---|---|---|---|---|---|
|
Citi Double Cash® Card* | 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) | 0% intro APR for 18 months on Balance Transfers | 19.24% - 29.24% (Variable) | ||
|
Citi Simplicity® Card* | 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) | 0% intro APR for 21 months on Balance Transfers | 19.24% - 29.99% (Variable) | ||
|
BankAmericard® Credit Card for Students* Review Coming Soon | 4.6 | 3% intro fee for 60 days, then 4%. | 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days | 16.24% - 26.24% Variable APR | Review Coming Soon |
|
Bank of America® Unlimited Cash Rewards credit card* | 3% for 60 days from account opening, then 4% | 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days | 19.24% - 29.24% Variable APR on balance transfers | ||
|
Bank of America® Customized Cash Rewards credit card* | 3% for 60 days from account opening, then 4% | 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days | 19.24% - 29.24% Variable APR on balance transfers |
*The information for the Citi Double Cash® Card, Citi Simplicity® Card, BankAmericard® Credit Card for Students, Bank of America® Unlimited Cash Rewards credit card and Bank of America® Customized Cash Rewards credit card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms Apply.
Guide to balance transfer fees
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What is a balance transfer fee?
A balance transfer fee is exactly what it sounds like — a fee you pay every time you transfer a balance to a new card. Balance transfer fees are typically 3% or 5% of the amount of each transfer (with a minimum fee of either $5 or $10).
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How do balance transfer fees work?
When you transfer an existing balance to a card that charges a balance transfer fee, the fee will be added to your balance at the time of the transfer. So instead of paying the balance transfer fee upfront, you can pay it off over time as you pay down your transferred balance.
The balance transfer fee will reduce the amount you’re allowed to transfer. For example, let’s say you’re approved to transfer a maximum of $10,000, and your balance transfer fee is $500. The $500 balance transfer fee will lower the amount you’re actually allowed to transfer to $9,500 ($10,000 – $500 = $9,500).
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How to calculate a balance transfer fee
Calculating how much a balance transfer fee will cost you is pretty straightforward. Simply multiply the amount you plan to transfer by the balance transfer fee. For example, if you want to transfer a $10,000 balance to a card that charges a 5% balance transfer fee, the fee will equal $500 ($10,000 x 5% = $500).
$10,000 balance x 5% balance transfer fee = $500
As mentioned earlier, the balance transfer fee will be subtracted from the initial amount you’re allowed to transfer — reducing that amount to $9,500 ($10,000 – $500 = $9,500).
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How much can you save with no balance transfer fee?
The main benefit of a no-balance transfer fee credit card is that you’ll save money by avoiding the balance transfer fee. These fees generally range from 3% to 5%, which means you would save between $180 and $300 on a $6,000 balance.
A card with no balance transfer fee can often save you more than transferring to a card with a longer intro period, especially considering that the ongoing interest rates on these cards also tend to be lower. As you can see in the comparison table below, the no-balance transfer fee card has a lower overall cost for transferring and paying down a balance compared to the card with a longer 0% APR.
Card A (balance transfer fee) Card B (0% transfer fee) Intro APR 0% for 21 months 0% for 12 months Regular APR 22% 14% BT fee 3% 0% Cost to transfer $6,000 balance $180 $0 Interest paid ($300 monthly payment) $0 $134 Overall cost $180 $134
How to qualify for a no fee balance transfer credit card
Qualifying for a credit card with no balance transfer fee usually requires credit union membership and good to excellent credit.
Becoming a member can be tricky if you don’t live near a particular credit union or work for a qualifying organization, like the military or an affiliated company. That said, here are some workarounds you can try:
- Apply with a family member who lives near the credit union. Many credit unions restrict eligibility based on location, but some allow you to join through family members who live in an eligible city, county or state.
- Qualify through professional, religious or cultural affiliations. Many credit unions cater to specific groups, like teachers, tradespeople and members of specific faith and cultural groups. Do a quick online search for credit unions that offer membership to groups you identify with.
- Fulfill other membership requirements. Some credit unions offer membership to people who open accounts with them or who donate to partner organizations. For instance, you can join Bethpage Federal Credit Union by opening a savings account with a $5 minimum deposit.
Improving your credit: If your credit score could use some improvement, you can start building credit with a credit card you already have. Following credit card best practices, like always paying on time, improving your credit utilization and checking your credit report for errors all work together to help improve your credit score.
Pros and cons of no-balance transfer fee cards
- Can potentially save you thousands in balance transfer fees and interest payments
- Offer a promotional interest-free introductory period for an extended period of time
- Can help you consolidate credit card debt from several cards to one with a long interest-free period
- May have high ongoing interest rates after intro APR ends
- Can have low credit limits, which could limit the amount you can transfer
- May deny applicants who have fair or poor credit
Is a no-fee balance transfer card right for you?
When deciding between a balance transfer credit card that charges a fee and one that does not, consider the following:
| A no-balance transfer fee credit card is a good choice if: | A no-balance transfer fee credit card is a bad choice if: |
|---|---|
|
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Frequently asked questions
Balance transfer credit cards offer 0% introductory APR periods on balance transfers ranging from six to 21 months. This means that every penny of your monthly payments will go toward your principal balance during the promotional interest-free period.
Depending on the issuer, a balance transfer can take several weeks to process. With Chase balance transfers, for example, most transfers are processed within one week; however, they may take up to 21 days. Similarly, the typical American Express balance transfer takes five to seven days, though some can take up to six weeks.
After you’re approved for a balance transfer credit card, you’ll need to initiate the transfer online or by phone with the new credit card company. Be ready to provide information about the account where you currently owe a balance, including:
- The name of the credit card company
- The account number
- The amount you want to transfer
You should remain current on your existing credit card payments until you receive confirmation that your transfer has been completed. It may take up to three weeks for your balance to transfer.
Major banks like Chase and Bank of America don’t offer balance transfer credit cards with no transfer fees. Most no-fee balance transfer credit cards come from credit unions, which may be available regionally or have restrictions to qualify.
When you apply for a new balance transfer credit card, a hard inquiry will appear on your credit report. This will lower your credit score by a few points and will remain on your credit report for two years, although the negative impact will lessen over time.
On the other hand, having more available credit can decrease your total credit utilization ratio, which may improve your credit score. As you make regular on-time payments to pay off your debt, you will likely see your credit score increase over time.
Methodology
How we chose the best balance transfer credit cards with no fee
To bring you our list of best balance transfers cards with no fee, we use an objective rating and ranking system that compares features across a large set of credit cards (over 200 of them from over 50 issuers). We use calculations to estimate the value of each card for the average cardholder, based on LendingTree and U.S. Bureau of Labor data.
- Intro offer savings (90% of rating): We calculate the amount you’ll save on a balance transfer, based on the length of the introductory period. We assume a transfer amount of $6,000 and a monthly payment of $300. We subtract balance transfer fees, annual fees and the amount paid on interest for any amount left over after the introductory period expires.
- Ongoing value (10% of rating): We also consider the yearly value in rewards for the average cardholder, minus the card’s annual fee. For nonrewards cards, this value will be $0, or less than $0 if the card charges an annual fee.
Note, that our ratings are a starting point for comparing and choosing the best balance transfer credit cards. However, your balance transfer needs may be different from the average cardholder. You should consider the amount you’re likely to transfer and which benefits you value to choose the best card for you.
The information related to the ESL Visa® Credit Card, Hudson Valley Visa® Platinum Credit Card, BECU Visa Credit Card, Kinecta MyPower Credit Card, Navy Federal Platinum Credit Card, PSECU Visa® Classic, PFFCU Contactless Rewards Visa, OnPoint Signature Visa® with Cash Back Rewards, BethPage Mastercard® Low Rate Credit Card, Edward Jones Business Plus MasterCard Credit Card, CEFCU World Mastercard, CEFCU Cash Back Credit Mastercard, CEFCU Rewards Credit Mastercard, Citi Double Cash® Card, Citi Simplicity® Card, BankAmericard® Credit Card for Students, Bank of America® Unlimited Cash Rewards credit card, Bank of America® Customized Cash Rewards credit card and Wells Fargo Active Cash® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
Charlotte Zhang
Charlotte Zhang is a credit cards writer at LendingTree, where she explains credit cards and other personal finance topics in simple terms to help readers with financial decisions.
Charlotte believes learning about personal finance is a vital skill to prepare people for different financial scenarios in life.
Prior to joining LendingTree in 2023, she spent more than a decade contributing to personal finance and insurance websites, as well as parenting, education and travel websites and magazines. Before writing professionally, she taught English in China for over a decade.
Outside of work, she enjoys knitting, spending time with her husband and two kids and leading 4-H activities for community youth.
Specialties
- Credit card reviews
- Credit scores and building credit
- Budgeting
- Life insurance
Achievements
- 14+ years of personal finance writing experience
- 60+ articles written for LendingTree
- Writing has also been published in U.S. News & World Report, USA Today, The Penny Hoarder, Money Under 30 and The Simple Dollar
Education
- Bachelor of Science, Martin Luther College
Charlotte’s favorite credit cards
“I love the simplicity of cash back credit cards. I use the Discover it® Cash Back for its rotating categories and Wells Fargo Active Cash® Card to get 2% back on everything else.”
