0 APR Credit Cards with No Balance Transfer Fee: Select from Best 5
No balance transfer fee credit card 2018 is most trending query by users. Everybody loves to use credit cards. You also have to pay financial charges on the credit balance. Normally, on average your balance is multiplied by 1/12th of the balance according to the APR. Again it is like you are paying compound interest, and so you turn up paying more interest with each passing month. If you are not careful in paying, you would get into a debt. You can also check balance transfer credit cards for fair credit or bad credit and 0% APR transfers.
How a Balance Transfer Works
To attract new customers, bank sometimes offer credit cards with a 0% promotional APR and balance transfer that help you relieve the burden of debt. Applicants who qualify for a new credit card with such offer can have their existing balance paid off with the credit balance on a new card issued. During promotional period, no interest is accrued on the balance transferred. There is some balance transfer fee which is usually 3%-5% and is added to the new balance.
Following given is a list of 5 best 0 APR credit cards with no balance transfer fee. So let’s check top no annual fee and 0% APR transfers card.
1. Discover it® Card
It is offered at 0% introductory APR for 18 months on balance transfers and purchases for the first 6 months. After that the APR charged will be in the range 10.99%-22.99% according to the credit. There is a 3% fee on the balance transfer. Discover it card also offers cash back rewards of 5% cash back on purchase of up to $1,500 in rotating quarterly categories. There is also 5-20% cash back offered for an online shopping from more than 200 retail partners.
2. Citi® Diamond Preferred® Card
The Citi® Diamond Preferred® Card is offered at 0% promotional APR for 18 months for both purchases and balance transfers. Then onwards, you will have to pay 11.99%-21.99% APR on regular balance transfer.Balance transfer fee is 3% or $5, whichever is more. There are also many benefits associated with it such as online deals on well-known brands like Gap, Footlocker, CVS etc., Auto rental insurance, Lost luggage coverage, travel insurance etc.
3. Citi Simplicity® Card
Citi Simplicity® card is offered at 0% APR for 18 months on both balance transfers as well as purchases incurred followed by regular balance transfer APR ranging between 12.99%-22.99% which depends on your credit. There is a balance transfer fee of $5 or 3% whichever is greater. Another advantage associated with it is that there are no late fees or penalty interest rates.
4. Blue Cash Everyday® Card from American Express
This card is available with 0% APR on purchases and balance transfers for an introductory period of 15 months followed by a variable APR between 12.99%21.99% decided by the creditworthiness. There is a balance transfer fee of $5 or 3% whichever is more. It also offers 3% cash back on purchase from US supermarkets up to $6,000 per annum, 2% on gas stations and 1% on other purchases and a special offer from amazon.
5. Capital One® Platinum Prestige Credit Card
The Capital One® Platinum Prestige Card is offered at 0% introductory APR on balance transfers and any purchases made using the card until March 2016. After that, the APR will be in the range 10.9%-18.9% as per your credit. Balance transfer fee is 3%.
If you have to pay a large credit card bill, opt for a balance transfer credit card that suits your needs.
More Related Queries:
- 0 APR credit cards with no balance transfer fee/ 18 month/ 21 month
- No fee balance transfer credit cards for fair credit/ bad credit/ 24 month
- Top 0 Balance Transfer Fee Cards
- 1 0 APR Credit Cards with No Balance Transfer Fee: Select from Best 5
- 2 How a Balance Transfer Works