0 Interest Balance Transfer Credit Cards With No Transfer Fee

Transferring a balance to a new card lets you take advantage of lower interest rates with some no fee balance transfer cards offering 0 interest rates on your monthly repayments for a set period.

0 interest balance transfer credit cards with no transfer fee. Most balance transfer credit cards on the market offer an introductory 0 interest period for anything from 6 months to 3 years. If you were to transfer 10 000 in high interest credit card debt to a balance transfer card for example your fee could work out to 3 percent of your balance 300 or 5 percent of your balance. The fees you ll typically pay to make use of a balance transfer credit card apr offer will be the balance transfer fee for the transaction and the card s annual fee. The best credit card with no balance transfer fee is suntrust prime rewards credit card because it has an introductory balance transfer apr of 3 25 v for 36 months a balance transfer fee that s 0 for the first 60 days and a 0 annual fee.

If you transferred that amount to a balance transfer card with a 3 fee you d pay around 186. If you can find a card that gives you 0 apr charges no transfer fee and charges no annual fee well that s probably a slam dunk since you aren t going to find a personal loan with 0 apr and no fees. However there are some options that don t. However many customers don t realise these come with a balance transfer fee usually 1 3 of the balance.

A 0 balance transfer card can be great because you benefit from not paying interest on the balance transferred.