Table of Contents
Credit Cards With No Balance Transfer Fee 0
Hello Arkana friends! If you’re someone who has struggled with high credit card debt, you may feel like you’re stuck in a never-ending cycle of payments and interest charges. However, switching to a credit card with no balance transfer fee can be a game-changer. Not only does it give you some relief in your payments, but it can also allow you to pay off your balances faster.
What Is A Balance Transfer Fee?
Before diving into the best credit cards with no balance transfer fee, it’s important to understand what a balance transfer fee is. When you transfer a balance from one credit card to another, you’re essentially moving your debt from one place to another. However, most credit card companies charge a fee for this service, typically between 3-5% of the transfer amount. So, if you were to transfer $5,000 to a new credit card, you could be charged up to $250 just for the transfer. This fee can add up quickly and negate any benefits of transferring your balance in the first place.
Top Credit Cards With No Balance Transfer Fee
Thankfully, not all credit cards charge balance transfer fees. Here are some of the top credit cards with no balance transfer fees:
Chase Slate
The Chase Slate card is perfect for those looking to transfer a high balance without paying extra fees. With 0% APR for the first 15 months and no balance transfer fees, you can make a significant dent in your debt without worrying about paying extra.
Citi Simplicity
The Citi Simplicity card is another great option for those looking to save on interest charges and fees. With 0% APR for the first 18 months and no balance transfer fees, you can transfer your balance without worrying about additional costs.
American Express Everyday
The American Express Everyday card not only has no balance transfer fees but also offers rewards for everyday purchases. With 0% APR for the first 15 months, you can transfer your balance and earn rewards on new purchases at the same time.
Discover it
The Discover it card offers 18 months of 0% APR on balance transfers with no transfer fees. Additionally, it has a cashback program that matches all the cashback you earn in your first year, making it a great option for those looking for rewards.
Barclaycard Ring Mastercard
The Barclaycard Ring Mastercard has no balance transfer fees and offers 0% APR for the first 15 months. Plus, it has a unique community feature that allows cardholders to weigh in on decisions and vote on changes to the card.
Conclusion
Transferring your balance to a credit card with no balance transfer fee can help you save money and pay off your debt faster. By taking advantage of the options above, you can find the right card for your needs and start tackling your debt head-on. Good luck, and see you again soon for more helpful tips!