0% Balance Transfer Credit Cards (No Fee)
Updated List Of The Best No Fee, 0% Balance Transfer Card Offers Below
Zero percent balance transfer cards are a particular selection of credit cards that I’ve had a lot of exposure and experience with. I’ve used them for everything from temporary financial emergencies to balance transfer arbitrage purposes. During times when I needed a temporary source of cash, I’ve applied for 12 month 0% interest credit card offers and requested balance transfer checks. For the duration of the promotional period I would have the needed money to tie me over. Of course I always paid the balance back in full after the introductory period ended.
Well, as I mentioned in an earlier post, I’m looking to get back to making some extra money by doing App-O-Rama balance transfers. The process works by submitting new card applications from a select list of balance transfer cards that offer introductory 0% APR. The transferred balance is then deposited into a high yield savings account to earn free interest for the duration of the balance transfer period. When it’s over, you pull the money out, repay the credit card and pocket the interest profit. The amount of arbitrage income you can earn depends on how many credit cards you apply for, the total credit limit, the duration of the no interest promotional period, and whether there are any one time balance transfer fees. People looking to make money from balance transfers usually apply for a high number of 0% offers at one time (view complete list of balance transfer credit cards).
0% APR Offers With No Balance Transfer Fees Are The Best, But Are Getting Harder To Find
Perhaps credit card companies have finally caught on to the whole business of people taking advantage of no interest credit card offers to earn balance transfer profit, but the number of no balance transfer fee cards have dwindled. Listed below are the best 6-12 month 0% balance transfer credit card offers with no balance transfer fees (unless otherwise noted). The compilation contains a mixture of personal and business credit cards. Remember, you can apply and qualify for a business balance transfer card by listing your personal name as your company name on the business credit card application. You can properly do so without actually owning a separate small business.
Currently, all of the 0% balance transfer credit card choices out there that have no balance transfer fees have periods of up to 6 months. As for No Balance Transfer Fee card offers of 12 months or more, they are not currently available, but this may change in the near future as card issuers change their policies to attract new cardholders. I will update this list regularly as I become aware of new offers. Please let me know if you discover any as well.
No Balance Transfer Fee, 0% APR Balance Transfer Card Offers (for 6 months)
- Washington Mutual ESPN Card - Receive your updated FICO credit score each month for free. Earn 5 points per $1 spent on purchases from ESPN and 1 point per $1 spent everywhere else. The card also offers a 0% APR rate for both balance transfers and purchases, with no balance transfer fee.
- Citi Platinum Select for Students - 0% balance transfer offer for 6 months, no fee.
- Citi Driver’s Edge for Students - 0% balance transfer offer for 6 months, no fee. Earn additional 3% purchase rewards at supermarkets, gas stations, and drug stores.
- Citi mtvU Card For Students - 0% balance transfer offer for 6 months, no fee. Earn additional 5% credit card purchase rewards at restaurants, bookstores, and movie theaters.
- American Express IN:NYC Card - 0% introductory rate for purchases and balance transfers for 6 months, no fee. Earn additional 2% purchase rewards for dining, movie theaters, cell phone service, cable TV, gym memberships, and magazine/newspaper subscriptions throughout the U.S. Also earn 1% rewards for everything else. Rewards can be redeemed for entertainment, dining, and drinking services at select locations in New York City, Los Angeles, and Chicago.
- American Express IN:LA Card - 0% introductory rate for purchases and balance transfers for 6 months, no fee. Description of the card rewards program is the same as the Amex IN: NYC Card.
- American Express IN:Chicago Card - 0% introductory rate for purchases and balance transfers for 6 months, no fee. Description of the card rewards program is the same as the Amex IN: NYC Card.
- Bank of America Money Return Platinum Visa - 0% balance transfer for 6 months with no fee.
- Bank of America Pet Rewards Card - 0% balance transfer for 6 months with no fee.
- Bank of America Platinum Plus Card - 0% balance transfer for 6 months with no fee.
- Bank of America Financial Rewards Visa Platinum Plus - 0% balance transfer for 6 months, no fee.
November 5th, 2007 at 10:13 am
Thanks for sharing that. I really hope the rates stay like that because it could be a good deal for a lot of people, but one thing I find hard to keep track of is how their rates can change over time. Its hard to keep track of all the numbers, even without all the small print and hidden fees cards seem to have without rates changing over time. One of the worse ones are interchange fees because we don’t even know what the rates are since they’re not on our statements even. I’ve done some work with the MPC, and it seems to me that all of this is just getting worse before its getting any better.
November 5th, 2007 at 5:36 pm
I hope Citibank doesn’t succumb to the 3% fee trend but I have a bad feeling they will eventually. They’ve already scrapped a few of the better reward cards. Remember the Citibank Dividend Card? It went from 5% cash back to only 2% now.
January 29th, 2008 at 9:33 pm
i totally agree. i know a lot of people that could really testify that app-o-rama is the real deal.
May 10th, 2008 at 8:56 pm
I understand that if you sign up as a member at Upromise.com, there is a link to apply for the Citi Upromise Mastercard. If you apply through the Upromise site, the offer includes 0% for 12 months with no balance transfer fee.
June 12th, 2008 at 3:29 pm
Steve, you’re right about the upromise. Here’s the terms as of 6/12/08 (link)
I wonder if the 50 cents applies even in a month no interest is due? Even so, $6.00 per year isn’t bad to have an “interest free” account.
June 18th, 2008 at 4:16 pm
As of 6/18 it looks like things have changed
Penny’s link provides this…
Balance transfer fee: 3% of each balance transfer; $5 minimum. There is no fee with the 0.00% APR balance transfer offer described above
I just signed in to Upromise and tried the application and the same line has changed to
Balance transfer fee: 3% of each balance transfer; $5 minimum.
June 19th, 2008 at 2:21 am
Fahz, you’re right. Looks like the offer was revised within the last few days. Other than the cards listed above, the Chase Disney card is perhaps your next bet at 0% f/12 mos. with a max. fee of $50
June 19th, 2008 at 6:55 pm
Nice list no fee balance transfer credit cards! I was trying to find a list like this. Too bad 0% credit cards that offer balance transfer rates for 12 months or more usually have balance transfer fees. Well, at leas they are limited to a certain amount.