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August 2022: Credit Cards with No Balance Transfer Fee

If you carry a balance on more than one card, wouldn't it be nice to consolidate your debt on one card and only remember one due date per month? Having to make only one payment instead of several will make life easier. Plus, you'll save on fees and interest. When you're looking to transfer a balance, a card with no balance transfer fee can save you the most money. While not many banks offer balance transfers with no fee these days, there are always a few such offers out there.

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NB! You cannot transfer a balance between credit cards from the same bank.

Apply for Capital One Venture Rewards Credit Card - Credit-Land.com APPLY

on Capital One's secure website

Excellent, Good Credit

No Balance Transfer Fee Offer

BEST OF August 2022

Rating 4.4

  • Click "APPLY ONLINE" to apply now
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 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

75,000 Miles

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel

Rewards

Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options

Earn unlimited 2X miles on every purchase, every day

Receive up to a $100 credit for Global Entry or TSA PreCheck®

Redemption Options

Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel. Transfer your miles to your choice of 15+ travel loyalty programs

Miles won't expire for the life of the account and there's no limit to how many you can earn

Foreign Transaction Fee: None

Best No Balance Transfer Fee Offers From our Partners

Today best balance transfer cards with no fee hardly exist as a zero balance transfer fee is a rare benefit, especially in combination with a 0% intro APR on balance transfers. When you are looking for a credit card with no fee for balance transfers, you are most likely after a balance transfer credit card that offers a zero promotional period. It'll be hard to find a card that offers both benefits, so be ready to make compromises.

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Apply for Capital One Venture X Rewards Credit Card - Credit-Land.com

Rating 4.4

APPLY

on Capital One's secure website

Excellent Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
18.49% - 25.49% (Variable)
  • Click "APPLY ONLINE" to apply now
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs

our choice

75,000 Miles

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Rewards

Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options

Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary

Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel

Earn unlimited 2X miles on all other purchases

Receive up to a $100 credit for Global Entry or TSA PreCheck®

Redemption Options

Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs

Miles won't expire for the life of the account and there's no limit to how many you can earnµ

Foreign Transaction Fee: None

Apply for Capital One QuicksilverOne Cash Rewards Credit Card - Credit-Land.com

Rating 4.4

APPLY

on Capital One's secure website

Average, Fair, Limited Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
26.99% (Variable)
  • Click "APPLY ONLINE" to apply now
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. It's that simple
  • Be automatically considered for a higher credit line in as little as 6 months
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Help strengthen your credit for the future with responsible card use
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set

our choice

Rewards

Earn unlimited 1.5% cash back on every purchase, every day

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply

Redemption Options

Redeem your cash back for any amount, anytime.µ

Cash back doesn't expire for the life of the accountµ

Foreign Transaction Fee: None

Balance Transfer Fee: $0 at this Transfer APR

Apply for Capital One SavorOne Student Cash Rewards Credit Card - Credit-Land.com

Rating 4.7

APPLY

on Capital One's secure website

Average, Fair, Limited Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
16.49% - 26.49% (Variable)
  • Click "APPLY ONLINE" to apply now
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), with 1% on all other purchases. Plus, earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
  • Limited Time Offer: Earn $100 when you spend $100 in the first three months
  • Enjoy no annual fee, foreign transaction fees, or hidden fees
  • 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
  • You can help build your credit with responsible use of a card like this
  • Be automatically considered for a higher credit line in as little as 6 months
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Whether you're at a 4-year university, community college or other higher education institution, this card might be an option for you

our choice

$100 Cash Back

Limited Time Offer: Earn $100 when you spend $100 in the first three months

Rewards

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), with 1% on all other purchases. Plus, earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply

Redemption Options

Redeem your cash back for any amount, anytime.µ

Cash back won't expire for the life of the accountµ

Annual Fee: $0

Apply for Capital One Quicksilver Secured Cash Rewards Credit Card - Credit-Land.com

Rating 4.3

APPLY

on Capital One's secure website

Limited, Bad Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
26.99% (Variable)
  • Click "APPLY ONLINE" to apply now
  • No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you're approved in seconds
  • Put down a refundable $200 security deposit to get a $200 initial credit line
  • Building your credit? Using a card like this responsibly could help
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone

our choice

Rewards

No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you're approved in seconds

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply

Redemption Options

Redeem your cash back for any amount, anytime.

Cash back won't expire for the life of the account

Annual Fee: $0

Foreign Transaction Fee: None

Apply for Capital One Quicksilver Student Cash Rewards Credit Card - Credit-Land.com

Rating 4.3

APPLY

on Capital One's secure website

Average, Fair, Limited Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
16.49% - 26.49% (Variable)
  • Click "APPLY ONLINE" to apply now
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Limited Time Offer: Earn $100 when you spend $100 in the first three months
  • Enjoy no annual fee, foreign transaction fees, or hidden fees
  • 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
  • You can help build your credit with responsible use of a card like this
  • Be automatically considered for a higher credit line in as little as 6 months
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Whether you're at a 4-year university, community college or other higher education institution, this card might be an option for you

our choice

$100 Cash Back

Limited Time Offer: Earn $100 when you spend $100 in the first three months

Rewards

Earn unlimited 1.5% cash back on every purchase, every day

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply

Redemption Options

Redeem your cash back for any amount, anytime.µ

Cash back won't expire for the life of the accountµ

Annual Fee: $0

Apply for Capital One Platinum Secured Credit Card - Credit-Land.com

Rating 3.8

APPLY

on Capital One's secure website

Limited, Bad Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
26.99% (Variable)
  • Click "APPLY ONLINE" to apply now
  • No annual or hidden fees. See if you're approved in seconds
  • Building your credit? Using the Capital One Platinum Secured card responsibly could help
  • Put down a refundable security deposit starting at $49 to get a $200 initial credit line
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app

our choice

Annual Fee: $0

Foreign Transaction Fee: None

Balance Transfer Fee: $0 at this Transfer APR

Use this card everywhere Mastercard cards are accepted (subject to available credit)

Apply for Journey Student Rewards from Capital One - Credit-Land.com

Rating 4.4

APPLY

on Capital One's secure website

Average, Fair, Limited Credit

our choice

Fee on Balance Transfer
$0 at this Transfer APR
Intro APR on Balance Transfer
N/A
Intro APR on Purchases
N/A
Regular APR
26.99% (Variable)
  • Click "APPLY ONLINE" to apply now
  • Earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Enjoy no annual fee and no foreign transaction fees
  • You can help build your credit with responsible use of a card like this
  • Set up Autopay for your account and your payments will be made automatically every month
  • Pick the monthly due date that works best for you
  • Be automatically considered for a higher credit line in as little as 6 months
  • $0 fraud liability if your card is ever lost or stolen

our choice

Rewards

Earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply

Redemption Options

Redeem your cash back for any amount, anytime.µ

Cash back won't expire for the life of the accountµ

Annual Fee: $0

Foreign Transaction Fee: None

Apply for Capital One Platinum Secured Credit Card - Credit-Land.com

Rating 3.8

APPLY

on Capital One's secure website

Great Offer for Bad Credit
get in August 2022

  • Click "APPLY ONLINE" to apply now
  • No annual or hidden fees. See if you're approved in seconds
  • Building your credit? Using the Capital One Platinum Secured card responsibly could help
  • Put down a refundable security deposit starting at $49 to get a $200 initial credit line
See more details

questions ABOUT BALANCE TRANSFER
CREDIT CARDS

Can you explain the balance transfer fee a little better to me?

A balance transfer is a type of credit card transaction in which debt is moved from one credit card account to another, usually one with a 0% introductory APR offer on balance transfers. A balance...

Read more
What are my options if I am unable to pay off the balance during introductory period?

If you see that you won't be able to pay off the card balance in full by the end of the zero introductory period and want to prolong your 0% APR for another year or two, we would suggest you do a simple...

Read more
Can I transfer a balance to the SoFi credit card from another credit card?

In general, yes, the SoFi credit card issued by Goldman Sachs supports balance transfers. But it has no 0% Intro APR period so you won't have an opportunity to save on it. Thus, we would recommend you consider the...

Read more
See all questions

NOT SURE WHICH CARD
TO CHOOSE?

Ask our Experts and get free advice to your email!

ASK QUESTION

get the most OF NO BALANCE
TRANSFER FEE CARDS


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01. Are no balance transfer fee cards better?

A balance transfer credit card can become a good tool when you need to pay off high-interest debt. Balance transfer cards can offer 0% APRs for more than a year. That means when you move your card balance to one with a zero introductory rate, the interest won't eat your payments and every penny you pay will go directly toward the amount you owe.

However, there's one little thing that can put you off when you research the best balance transfer credit cards - a balance transfer fee.

02. What is a balance transfer fee?

A balance transfer fee is a fee that's charged when you transfer credit card debt from one card to another, usually with a lower or 0% interest rate. The fee is not optional: it's usually around 3% to 5% of the amount you transfer, and the minimum fee is often between $5 and $10. So transferring a balance of $1,000 will cost you between $30 and $50. The fee is charged by the bank that issues the card you transfer your debt to.

The good thing is that you do not usually have to pay the balance transfer fee in advance. The fee is added to your balance at the time of the transfer, so you can pay it over time as you pay off the balance you've transferred. If you pay off the balance during a 0% promotional period, you won't pay any interest on the balance transfer or the fee.

03. How does a balance transfer fee work?

When you are approved for a balance transfer credit card, you may have a certain amount of time to transfer your credit card debt onto the new card to take advantage of an introductory offer.

Sometimes timing can play a big part when it comes to balance transfers. First, you may be required to perform a balance transfer within a certain time frame to qualify for the 0% intro APR. The same may apply to the $0 intro balance transfer fees. If the new card waives the balance transfer fee, you need to act quickly if you do not want to overpay when you transfer a balance.

An ideal balance transfer credit card offers:

- 0% intro APR on balance transfers

- $0 intro balance transfer fee

- $0 annual fee

Unfortunately, you can hardly find a card that ticks all of these boxes. So you'll have to do some math to make sure you can actually save money with a balance transfer. Let's say you transfer a $3,000 balance to a new 0% intro APR credit card with a 3% balance transfer fee. The fee would be $3,000 x 3% = $90. So you would begin repayment on your new card with a balance of $3,090. This amount includes the debt you transferred ($3,000) plus the 3% balance transfer fee ($90).

04. When does a balance transfer fee make sense?

As a general rule, when the interest on your credit card debt costs more than the balance transfer fee, paying the fee makes sense. Just compare the balance transfer fee with your interest savings to see if the fee will help you save money.

If you have a $3,000 balance on a card with a 16% APR and make only minimum payments, you will accumulate more than $450 in interest in one year. A 3% balance transfer fee, or $90, would be worthwhile. However, you need to make sure you will be able to pay off your balance before the introductory rate expires.

Make sure you are dedicated to paying off the balance. Often balance transfer credit cards offer rewards and welcome bonuses, so you may be tempted to make purchases to grab that big sign-up bonus offer. This may become an additional financial burden on your budget, even if the card comes with a 0% intro APR on purchases as well. Also, do not forget about the regular APR that will apply after the introductory period to the unpaid balance.

Make sure you do the math before you accept any balance transfer offer. Just remember that even if you can't pay off your debt by the end of the introductory period, you will still save on interest during the 0% intro APR window.

05. Are credit cards with no balance transfer fees worth the hassle?

There are normally not many balance transfer credit cards without a balance transfer fee out there. And the coronavirus pandemic reduced offers even more - issuers altered their debt consolidation offerings by adding balance transfer fees or increasing them in some cases. As of today, there are only a few no balance transfer fee offers that also come with a 0% intro APR and most of them are from credit unions.

So today, not only is it hard to find a no balance transfer fee credit card, but you should also be a credit union member to be able to apply for one.

Also, credit cards that have a $0 balance transfer fee may have shorter introductory periods, so you may not be able to pay off your debt in full. In this event, you may actually save more with a credit card that gives a few more months at 0% APR but charges a balance transfer fee.

comments ABOUT NO BALANCE TRANSFER FEE
CREDIT CARDS🜂

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