Credit Cards With 0% APR & No Balance Transfer Fees (2020 Update)

We’ve had to update this a second time in 2020 due to the fact that so many of the nationwide credit card issuers pulled their 0% APR $0 balance transfer fee offers. If you notice any that are not included please let us know in the comments.

In the comments of our post “Master List of No Annual Fee, No Foreign Transaction Fee Cards”, reader Mark asked:

Could you come-up with a list of no-fee balance transfer, 0% APR cards (other than Slate)?

Originally, I thought this would be too difficult to do a post on, but I recently rededicated myself to my craft*, so here’s a big ole list to peruse. Targeted offers are not included, only publicly available ones.

* if by “craft” we mean “tediously compiling data from bank websites”.

Introduction

Since this is supposed to be more of a reference list, I will not touch on whether balance transfers are right for your situation, or whether they are better than a secured or unsecured loan, or their risk, or stoozing, or etc.

Banks, whether retail or credit union (CU), make money on balance transfers in two ways*: by charging a fee for a balance transfer and/or by having an APR on the balance you’re transferring (remember: balance transfers generally do not have any grace period and start accruing interest immediately). In the most general sense (there are many exceptions), there is a dichotomy between retail banks & CUs when it comes to balance transfer promotions: retail banks will give you “lengthy” 0% APR periods but charge a hefty balance transfer fee while CUs often do not charge a balance transfer fee but apply an APR to the balance transfer. (Due to the unique structure of CUs, it is much more common to see them not charge a balance transfer fee.)

Even though banks do not make money when they hand out no balance transfer fee and 0% APR offers (for the term of the introductory APR, of course—which is the catch), there are a surprising number of such offers available, mostly from CUs (as you’d expect).

Remember to always do your own research beforehand!

* this is an intentionally simplistic explanation that doesn’t consider people that fail to pay off a balance transfer before the introductory APR ends, banks hedging risk, etc.

Methodology

A minor amount of information is compiled from my own recollection & this Magnify Money post (which looks to be continuously updated). The bulk of the information—and the overarching methodology—comes from visiting the websites of all the credit unions in the US with more than ~$1 billion in assets (~285 CUs). As you might imagine, that takes quite a lot of time. I mention this specifically to segue into the fact that keeping this post up-to-date is impossible as a solo effort. If you have any updates or additions, please do drop them in the comments below! They’ll be appreciated 🙂

(Another reasonable cut-off would be CUs with more than $300 million, or maybe even $100 million, in assets. Alas, I lack the fortitude to go through ~796 or ~1,674 CUs looking for no-fee no-APR balance transfers!)

Tables

The tables below are organized by whether the balance transfer is offered by a (retail) bank or a credit union, then alphabetically. CUs have their state indicated, as CUs in different states can share names. (I originally organized the CUs by size & can re-organize it that way if readers have a strong preference for it!)

The “Months of 0% APR” column can mean different things depending on the bank (e.g. months since account opening date or number of billing cycles). Sufficient disambiguating information between different meanings is not indicated; that’s part & parcel of the research you’ll need to do when looking for a good balance transfer offer. Note that the Credit Card Accountability Responsibility and Disclosure Act requires that a promotional APR last at least 6 months, so 6 months is the minimum for this column.

The “Days for Transfer” column is how many days the bank gives you to complete a balance transfer before you are no longer eligible for one (or both) of (1) no balance transfer fee and (2) 0% APR. A “/” in this column indicates that the bank has not specified any time limit to complete a balance transfer, so any balance transfers performed during the introductory APR period should be subject to the introductory APR for the length of the introductory APR period. (It is possible that different terms indicating this are hidden behind application pages, so always confirm this beforehand.)

In the CUs section, some additional abbreviations are used as follows: FCU = Federal Credit Union; ECU = Employees Credit Union; CCU = Community Credit Union.

Banks

Issuer & CardMonths of
0% APR
Days for
Transfer
Navy Federal Credit Union (NFCU)²1230
  1. Note this card also comes with a 25,000 point sign up bonus.
  2. Card has restricted membership, must use this link

Credit Unions

Though you may not see it on their site, the following CUs confirmed that they have no balance transfer fee: Landmark CU, Logix FCU, MSU FCU, and Washington State ECU.

CUMonths of
0% APR
Days for
Transfer
Specific Cards?
Advancial FCU (TX)12/All (Dinero, Rewards Plus, Savings Secured)
Andigo (IL)6/All (Visa Platinum, Platinum Cash Back,
& Platinum Rewards)
Boeing ECU (WA)1290All
DuPont CCU (VA)690All (Platinum Rewards, Platinum Cash Back)
Elements Financial (IN)6/Cash Rewards, Platinum, Signature Rewards
Evansville Teachers FCU (IN)6/All (Platinum Prime Plus, Platinum Rewards)
Justice FCU (VA)6/All (Classic, Gold, Platinum Rewards,
Student Rewards)
La Capitol FCU (LA)12/All (Prime Plus, Rewards)
Landmark CU (WI)6/Cash Back & Rewards Visa
OE FCU (CA)6/Steel, Steel Secured
Patelco CU (CA)690Pure MasterCard
Premier America CU (CA)6/Premier First, Premier Privileges Platinum,
Standard, & Student Standard
RBFCU (TX)1290CashBack, Premier Rate
Redstone FCU (AL)630All (Visa Signature, Rewards, & Traditional)
Scott CU (IL)6/Visa Platinum & Preferred,
MasterCard Platinum Plus
Space Coast CU (FL)6/Platinum Visa
U of I CCU (IA)/Platinum, Platinum Rewards, World
ESL (NY)12/Rewards Visa Signature
  1. The introductory APR on balance transfers (and purchases) is 0.00% to 5.99% depending on creditworthiness.
  2. All credit cards except for the Platinum Secured MasterCard, including: Odyssey Rewards World Elite MasterCard, Platinum MasterCard, Platinum Rewards MasterCard, and Choice Rewards World MasterCard.
  3. The introductory APR on balance transfers (and purchases) is 0.00% to 11.9% depending on creditworthiness.
  4. All credit cards, including: Buc-ee’s MasterCard, Onyx Platinum MasterCard, Platinum MasterCard, Family Platinum MasterCard, & Classic MasterCard.

Limited-Time Offers

To make managing the tables easier, CU offers with explicitly indicated end dates are placed here.

CUMonths of
0% APR
Transfer BySpecific Cards?
American Airlines CU (TX)603/31/17All (Visa Platinum, Rewards, & Secured)
Fort Knox FCU (KY)1203/31/17Platinum, Gold, Classic
Goldenwest FCU (UT)603/31/17All (Aggie, Rewards, Simply Platinum)

Which Credit Unions are Easiest to Join?

A big list of CUs doesn’t do much good if you can’t join any of them. I won’t produce an exhaustive list, but here is a small list of credit unions from the above table that are easy to join:

  • Alliant CU, anyone who donates $10 to Foster Care to Success
  • Evansville Teachers FCU, anyone who donates $5 to the Mater Dei Friends & Alumni Association
  • FirstTech FCU, anyone who is a member of the Financial Fitness Association ($8)
  • Logix FCU, anyone who lives in AZ, CA, DC, MA, MD, ME, NH, NV, or VA

(I will add to this list if any commenters indicate more that are easy to join; I only did cursory research on this front.)

186
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Sean
Sean

Which one of these seems to give at least a 10k limit with credit scores of 720s? any idea of the processing times?

Jacob
Jacob

First Tech FCU approved me for 10k on their Platinum with a score of 731. 12 months 0% apr for balance transfers within 60 days of approval. Took me a damn MONTH to get my card activated and have access to online banking after approval, but you have the option of selecting a balance transfer during the application and that got processed within about 10 days of approval (which was a bit scary, with thousands of dollars on a card I had literally no way of paying for a couple of weeks). Pulled Experian.

Andrew
Andrew

Thank you

Jacob
Jacob

Union Bank: 15 months 0% apr $0 transfer fee

https://www.unionbank.com/personal/credit-cards/platinum-visa

Andrew
Andrew

Do you know what sort of CS is required?

Jacob
Jacob

First Tech CU has a 0% balance transfer offer for all of their credit cards, and $0 balance transfer fees. They also have a sign-up offer of 20,000 points for $3000 spend or 10,000 points for $2000 spend (depending on which credit card you get) AND a $100 referral bonus for opening a checking account.

https://www.firsttechfed.com/rates/rates-landing-page/credit-cards

John
John

Do they provide BT check or deposit to checking account?

Jacob
Jacob

No.

George
George

Police & Fire Federal Credit Union has a CC with $0 BT fees in general, and 0% intro APR for 9 months on purchases and BTs. https://www.pffcu.org/personal-loans/pffcu-credit-cards/

Note that the minimum payment is 2.5%.

meeee
meeee

Unfortunately William Charles , it sounds like AMEX just removed their $0 + 0% BT option, CNBC reported that and I confirmed that on an incognito browser.

I just recently signed up for this knowing it might go away, expect more to go away based on the cnbc article. https://www.cnbc.com/2020/06/27/credit-card-industry-reins-in-balance-transfer-offers-as-banks-from-jpmorgan-to-amex-fear-defaults.html

Sly one
Sly one

I would expect this drought to last around a year or so. As soon as the Corona fears subside and we get back to normal they should start coming back again. The same thing happened during the housing crisis and several banks over reacted slashing credit lines and closing cards left and right. The problem is that all of us who pay our bills on time are getting hit just as hard as those who don’t.

Sly one
Sly one

Not only that but I have had several credit cards try to lower my existing credit lines and/or close my accounts for no reason. I pay all my bills on time and use my cards regularly. Banks are freaking out at the moment.

ecl1ps0
ecl1ps0
Sly one
Sly one

I think so and call it “Best credit cards for balance transfers” or “Best credit cards for 0% no fee balance transfers”

Bitholov
Bitholov

Abound CU (former Fort Knox FCU) has 2 credit cards with no BT fee.

Nostradamuz
Nostradamuz

Good job. The new name of Fort Knox FCU is ” Abound Credit Union “. It offers a credit card with 5% reward in gas.

grrizzly
grrizzly

It looks like that Alliant charges a balance transfer fee:

“Balance transfer fee of 2% of the amount transferred, $5 minimum.”

Mike
Mike

MSU FCU ended their 6 months with 0% APR (and no BT fee) program this year. They did not offer it at the beginning of 2020 like they normally do at the beginning of the year. I asked about it and they said they were no longer doing it.