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What Are the Best No-Fee Balance Transfer Credit Cards?

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Summary：Looking for credit cards with 0 transfer fee? Check out these top options! Discover the best credit cards for balance transfers with no fees and save money while paying off your debt faster.

No-Fee Balance Transfer Credit Cards: What Are the Best Options?

If you're carrying a balance on your credit card with a high interest rate, transferring that balance to a no-fee balance transfer credit card can help you save money and pay off your debt faster. But with so many options available, it can be overwhelming to figure out which one is the best for you. In this article, we'll go over some of the best no-fee balance transfer credit cards on the market.

1. Chase Freedom Unlimited

The Chase Freedom Unlimited card offers an introductory 0% APR on balance transfers for the first 15 months, with no balance transfer fee. After the introductory period, the APR will be 14.99% - 23.74% variable based on your creditworthiness. This card also offers a 1.5% cash back on all purchases, making it a good option for those who want to earn rewards while paying off their debt.

2. Discover it Balance Transfer

The Discover it Balance Transfer card offers an introductory 0% APR on balance transfers for the first 18 months, with no balance transfer fee. After the introductory period, the APR will be 11.99% - 22.99% variable based on your creditworthiness. This card also offers 5% cash back on rotating categories that change every quarter, and 1% cash back on all other purchases.

3. Citi Diamond Preferred

The Citi Diamond Preferred card offers an introductory 0% APR on balance transfers for the first 18 months, with no balance transfer fee. After the introductory period, the APR will be 13.74% - 23.74% variable based on your creditworthiness. This card also offers perks such as access to Citi Entertainment and a concierge service.

4. Wells Fargo Platinum

The Wells Fargo Platinum card offers an introductory 0% APR on balance transfers for the first 18 months, with no balance transfer fee. After the introductory period, the APR will be 16.49% - 24.49% variable based on your creditworthiness. This card also offers travel and purchase protections, such as travel accident insurance and extended warranty coverage.

Tips for Applying for a No-Fee Balance Transfer Credit Card

When applying for a no-fee balance transfer credit card, there are a few things to keep in mind. First, make sure you read the terms and conditions carefully, including the introductory period length and the APR after the introductory period. You should also check if there are any other fees, such as an annual fee or a foreign transaction fee.

To increase your chances of approval, make sure your credit score is in good shape. You can check your credit score for free on sites like Credit Karma or Credit Sesame. If you have a lower credit score, you may want to consider applying for a secured credit card first to build your credit history.

In addition, make sure you have a plan to pay off your balance before the introductory period ends. If you don't, you could end up paying high interest charges on the remaining balance.

Conclusion

Transferring your credit card balance to a no-fee balance transfer credit card can help you save money and pay off your debt faster. Consider the options we've outlined above and choose the one that best fits your needs. Just remember to read the terms and conditions carefully and have a plan in place to pay off your balance.

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