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:

Note that some card offers vary per applicant and you must check the terms and conditions in each Balance Transfer offer to make sure there are no fees and to doublecheck the APR.

A Bank Worth Half A Mention

Pulaski Bank (now Iberia 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.

Organizations with Free Transfers

The NEA RateSmart Credit Card - 5.00% Variable APR. Call 1-877-721-9398 for more information and this card is only for members of the National Education Association.

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.

Former Top NO Balance Transfer Fee Cards

1. Clear from American Express (NEW! - 4.99% FIXED APR only on balance transfers and no B.T. fees)

2. BOA Cash Rewards - 0% for 12 months

3. IN:NYC

Business Credit Cards with NO Balance Transfer Fees

1. Bank of America Business Platinum

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:

12/29/09 Fee caps can save you money on transfers.

6/17/08 Washington Mutual fools you into thinking you get a 0% APR with no b.t. fee with direct marketing.

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