Best 0 Transfer Fee Credit Cards

The Best Zero Transfer Fee Credit Cards for August 2022

Hello Friends!

Do you often find yourself carrying a balance on your credit card? If so, you may have considered transferring that balance to another credit card with a lower interest rate. However, many credit cards charge a balance transfer fee, which can be a significant expense.

The good news is that there are credit cards available that offer zero balance transfer fees. In this article, we will explore the best zero transfer fee credit cards for August 2022.

What is a Balance Transfer Fee?

A balance transfer fee is a fee charged when you transfer a balance from one credit card to another. This fee is typically a percentage of the amount you are transferring and can range from 3% to 5% of the transferred amount. For example, if you transfer a $10,000 balance from one credit card to another and the balance transfer fee is 3%, you will be charged a fee of $300.

The Advantages of Zero Transfer Fee Credit Cards

Zero transfer fee credit cards offer several advantages for those looking to save money on credit card interest. First and foremost, these cards allow you to transfer your balance to a new card without incurring any fees. This can save you hundreds or even thousands of dollars in fees alone.

Additionally, many zero transfer fee credit cards offer introductory periods with low or even 0% interest rates. This can give you time to pay off your balance without accruing additional interest charges.

The Best Zero Transfer Fee Credit Cards

Below are five of the best zero transfer fee credit cards for August 2022.

Card Introductory Offer Regular APR
Chase Freedom Unlimited 0% APR for 15 months 14.99% – 23.74% variable
Citi Double Cash Card 0% APR for 18 months 13.99% – 23.99% variable
Discover it Cash Back 0% APR for 14 months 11.99% – 22.99% variable
Wells Fargo Platinum 0% APR for 18 months 16.49% – 24.49% variable
U.S. Bank Visa Platinum Card 0% APR for 20 months 14.49% – 24.49% variable

1. Chase Freedom Unlimited

The Chase Freedom Unlimited card offers a 0% APR introductory period for 15 months, allowing you to transfer your balance and pay it off without accruing any additional interest charges. After the introductory period, the regular APR ranges from 14.99% – 23.74% variable.

This card also offers cash back rewards on purchases, with a flat rate of 1.5% cash back on all purchases. There is no annual fee for this card.

2. Citi Double Cash Card

The Citi Double Cash Card offers a longer introductory period than many other credit cards, with a 0% APR period of 18 months. After the introductory period, the regular APR ranges from 13.99% – 23.99% variable.

This card also offers cash back rewards, with 1% cash back on purchases and an additional 1% cash back on payments. There is no annual fee for this card.

3. Discover it Cash Back

The Discover it Cash Back card offers a 0% APR introductory period of 14 months. After the introductory period, the regular APR ranges from 11.99% – 22.99% variable.

This card offers cash back rewards on purchases, with rotating categories that offer 5% cash back on up to $1,500 in purchases per quarter. There is no annual fee for this card.

4. Wells Fargo Platinum

The Wells Fargo Platinum card offers a 0% APR introductory period of 18 months. After the introductory period, the regular APR ranges from 16.49% – 24.49% variable.

This card does not offer any rewards or cash back, but it does have no annual fee.

5. U.S. Bank Visa Platinum Card

The U.S. Bank Visa Platinum Card offers the longest introductory period of any card on this list, with a 0% APR period of 20 months. After the introductory period, the regular APR ranges from 14.49% – 24.49% variable.

This card does not offer any rewards or cash back, but it does have no annual fee.

Conclusion

If you are looking to transfer a balance from one credit card to another, consider a zero transfer fee credit card. These cards can save you money on fees and offer introductory periods with low or 0% interest rates.

The five credit cards listed above are some of the best zero transfer fee credit cards available in August 2022. However, it is important to read the terms and conditions carefully to ensure that the card is right for you.

Thanks for reading, and see you in the next article!

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