Best 0 Balance Transfer Credit Cards With No Transfer Fee

The Best 0% Balance Transfer Credit Cards of 2021

Hello friends, are you looking for a way to pay off your credit card balance without accruing high interest charges? If so, then you might want to consider getting a 0% balance transfer credit card. These credit cards offer an introductory 0% APR on balance transfers for several months, allowing you to pay off your balance without paying any interest. In this article, we will be discussing the best 0% balance transfer credit cards of 2021.

1. Discover it® Cash Back

The Discover it® Cash Back card is a great balance transfer card offering a 0% introductory APR for 14 months on balance transfers. The card does not charge an annual fee, and you can earn up to 5% cash back on rotating quarterly categories. Moreover, Discover will match all the cash back you’ve earned at the end of your first year, which is a great bonus.

Pros:

  • No annual fee
  • 5% cashback on rotating quarterly categories
  • Matches all the cashback earned in your first year

Cons:

  • Balance transfer fee of 3% (minimum $5)
  • Not widely accepted outside of the US

2. Citi® Diamond Preferred® Card

The Citi® Diamond Preferred® Card is another great choice for balance transfers, offering a 0% APR for 18 months on balance transfers. There is no annual fee, and the card also offers perks such as travel accident insurance, trip cancellation insurance, and worldwide travel accident insurance. However, do note that the card does charge a balance transfer fee of 3% (minimum $5).

Pros:

  • 0% APR for 18 months on balance transfers
  • No annual fee
  • Travel perks

Cons:

  • Balance transfer fee of 3% (minimum $5)
  • No rewards program

3. Chase Freedom Unlimited®

The Chase Freedom Unlimited® card is another card to consider for a balance transfer, offering a 0% introductory APR for 15 months on both balance transfers and purchases. Additionally, the card offers 1.5% cash back on all purchases, and there is no annual fee.

Pros:

  • 0% APR for 15 months on both balance transfers and purchases
  • No annual fee
  • 1.5% cash back on all purchases

Cons:

  • Balance transfer fee of 3% (minimum $5)
  • No bonus categories for additional cash back

4. BankAmericard® Credit Card

The BankAmericard® credit card is a good choice for people looking for a straightforward balance transfer card. The card offers a 0% introductory APR on balance transfers for the first 18 billing cycles, after which the APR will be 14.49% – 24.49% (Variable). Additionally, there is no annual fee and the card comes with overdraft protection. However, the card charges a 3% balance transfer fee (minimum $10).

Pros:

  • 0% APR for the first 18 billing cycles on balance transfers
  • No annual fee
  • Overdraft protection

Cons:

  • Balance transfer fee of 3% (minimum $10)
  • No rewards program

5. Wells Fargo Platinum card

The Wells Fargo Platinum card offers a 0% introductory APR on balance transfers and new purchases for 18 months. The card does not charge an annual fee, and also offers overdraft protection. However, it is important to note that the card charges a balance transfer fee of 3% (minimum $5).

Pros:

  • 0% APR for 18 months on balance transfers and new purchases
  • No annual fee
  • Overdraft protection

Cons:

  • Balance transfer fee of 3% (minimum $5)
  • No rewards program

How to Choose the Best 0% Balance Transfer Credit Card

When it comes to choosing the best 0% balance transfer credit card, there are a few factors to keep in mind. Here are some tips for choosing the right card for your needs.

1. Check the Length of the Introductory Period

The introductory period is the time during which you can enjoy the 0% APR on balance transfers. Make sure to choose a card with an introductory period that is long enough for you to pay off your balance.

2. Consider the Balance Transfer Fee

Most balance transfer cards charge a balance transfer fee, which is usually a percentage of the transfer amount. Make sure to choose a card with a low balance transfer fee to minimize your costs.

3. Look for Other Perks

Some balance transfer cards offer additional perks such as rewards programs, travel insurance, or purchase protection. Consider if any of these perks are important to you when choosing a card.

4. Check the Interest Rate After the Introductory Period

After the introductory period, the interest rate on your balance transfer will go up. Make sure to choose a card with a reasonable interest rate to avoid paying high charges later on.

Conclusion

Getting a 0% balance transfer credit card can be a smart way to pay off your credit card debt. By choosing the right card, you can save money on interest charges and pay off your balance faster. When choosing a card, make sure to consider the length of the introductory period, the balance transfer fee, and any additional perks offered by the card. We hope this article has helped you in choosing the best 0% balance transfer credit card for your needs.

Good luck and happy credit card hunting!

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