0 Interest Credit Cards with No Balance Transfer Fee: A Comprehensive Guide
Are you tired of paying high interest rates on your credit card debt? Do you want to transfer your existing balance to a new credit card with 0% interest and no balance transfer fee? Look no further! In this article, we'll explore the best 0 interest credit cards with no balance transfer fee, their benefits, and things to consider before applying.
What are 0 Interest Credit Cards with No Balance Transfer Fee?
0 interest credit cards with no balance transfer fee are credit cards that offer a promotional period of 0% interest on purchases and/or balance transfers, with no additional fee for transferring your existing balance to the new card. This type of credit card can be a great option for those who want to consolidate their debt, pay off their balance quickly, or make a large purchase without incurring interest charges.
Top 0 Interest Credit Cards with No Balance Transfer Fee
Here are some of the top 0 interest credit cards with no balance transfer fee:
Citi Simplicity Card
- 0% intro APR for 21 months on balance transfers (then 15.74% - 25.74% (Variable) APR)
- No balance transfer fee
- No annual fee
- Citi Entertainment benefits, including exclusive access to tickets and events
Bank of America Cash Rewards credit card
- 0% intro APR for 12 billing cycles on purchases and balance transfers (then 14.49% - 24.49% Variable APR)
- No balance transfer fee
- $200 online cash rewards bonus after spending $1,000 in the first 90 days
- 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs
Discover it Balance Transfer
- 0% intro APR for 18 months on balance transfers (then 14.24% - 25.24% Variable APR)
- No balance transfer fee
- 5% cash back on various categories throughout the year, such as gas stations, grocery stores, and restaurants
- Free FICO credit score
Things to Consider Before Applying
While 0 interest credit cards with no balance transfer fee can be a great option, it's essential to consider the following:
- Regular APR: After the promotional period, the regular APR will apply, which can be high.
- Balance transfer limit: Check the credit card's balance transfer limit to ensure it can accommodate your existing balance.
- Fees: While there may be no balance transfer fee, other fees, such as late payment fees or foreign transaction fees, may apply.
- Credit score: You'll typically need a good credit score to qualify for these credit cards.
Conclusion
0 interest credit cards with no balance transfer fee can be an excellent option for those who want to save money on interest charges and pay off their debt quickly. By considering the top credit cards mentioned above and understanding the terms and conditions, you can make an informed decision and start saving money today.
