No Balance Transfer Fee Credit Cards

We get emails all the time asking for a complete list of credit cards that do not have balance transfer fees. You will find a list below of the current credit cards that do not charge an initial balance transfer fee. Note these are also 0% APR Credit Cards.  There are some card offers that do not charge a fee but have 3.99% APR or charge a small interest. 

Make sure that you do not get fooled when you sign up for a 0% credit card offer and start transferring balances and end up with balance transfer fees.  You must read the fine print because not all 0% APR offers are the same.  The majority of the credit cards you find come with 0% APR but that doesn't save you much if you end up paying 3% in BT fees.  This is why we have devised this list of some of the cards we know that do offer this great luxury of no initial fees:

A Bank Worth Half A Mention

Pulaski Bank - This is a card if you are already saturated with Bank of America and Citibank cards and you need another card to transfer balances from those banks with no fees at 0%. Offer is for 6 billing statements increasing to 7.99% afterwards. You get to choose between a MasterCard or VISA. They seem to be very picky with applicants so make sure you have the best of credit.

Bank of America Gives Us BT Fees

Most of the Bank of America Cards have fees for balance transfers now. The free loan that we get with no balance transfer fees may be coming to an end since this credit crisis is roaring outside the bank's doors. Our most popular balance transfer cards were the:

1. Bank of America Visa Platinum Plus (6 months) - Ended March 31st.

2. Efectiva Visa (0% for 6 months) - 5 points per $2,500 in balance transfers (Earn $25 cash back for every 25 points you earn). Bilingual communications in Spanish and English.

Citibank May Change Balance Transfer Fee Policy

Update (9/11/06): Citibank credit cards has recently announced that balance transfer fees may change due to testing. This is a way for Citi Cards "To encourage responsible borrowing amongst our cardmembers." The landing pages may sometimes indicate that there is no balance transfer fee (and sometimes a fee) according to Citi Cards. Make sure you read all the fine print when apply for a Citi Card. We encourage you to apply for a Bank of America card with no balance transfer fees. Below is a list of the Citi Cards we previously recommended that this new policy reflects:

Citibank Diamond Preferred, CitiBusiness Premier Pass, Citi Premier Pass, AT&T Universal Card - Rumor has it they are not letting many more people in this program. I would apply for another Citi Card.

Update (11/28/06): Citi Cards has reverted to the "no balance transfer fees" for some of the cards they were testing. We are excited to see Citi keep the no balance transfers on the student and business cards and remain a unique and competitive card issuer.

Update (8/07/07): The Citi Upromise Card is now charging a balance transfer fee. Stay away from this card if you want to avoid extra fees. Hopefully Citi cards will learn a lesson from this and bring back the "no fee" to some of these cards once consumers start complaining.

Read Fine Print

Read the fine print on the application when applying for "no fee balance transfer cards". The credit card issuers change the applications and terms almost weekly. Here are some notices about balance transfer fees:

12/19/06 Notice: A Balance Transfer Fee may be added on HSBC Cards: Here is a warning about their balance transfer fee.