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Best 0% Balance Transfer Credit Card Depends on Balance Transfer Fees


How do you exactly choose the best 0% balance transfer credit card? Well, it depends how long is the introductory offer? What is the rate thereafter? But more importantly, does it charge any balance transfer fees?

But there’s more to balance transfer fees that meets the eye. If you are not careful, that 0% teaser deal may not work out so well. In the good old days (pre 2008 credit crisis), credit card issuers charged no balance transfer fees. Or if they did, they put a cap to it (looks something like this)

3% of balance transfer, minimum of $10, maximum of $75.

But with the onset of the financial crisis, most credit card issuers have removed the cap on balance transfer fees. In fact, nobody caps them anymore.

The low down on balance transfer fees among issuers

Bank of America – No cap on BT fees.

Citicards – No caps on BT fees

Chase – No caps on BT fees.

Discover Cards – No caps on BT fees

So which are the Best 0% Balance Transfer Credit Cards

Right now, all credit cards charge a balance transfer fee for any balance transfer deals. Those that do not charge any BT fees do not have 0% deals. If you are looking for a credit card to do a balance transfer, please check our balance transfer credit cards page for the latest offers. In today’s world again, it looks like the length of the 0% intro deal is more important since all credit card issuers have nearly identical BT fees.

I hope you found this post helpful. Share any balance transfer stories you have.

July 3, 2007 @ 9:58 am

I just did a balance transfer to BOA with the no cap of a huge amount of money, and I do not know exactly how I feel about it. It’s too late to do anything about it, so I guess me complaining about it is fruitless. Lesson learned.


July 5, 2007 @ 12:42 am

Chase United Visa – Balance transfer now has NO maximum!

I have a very high credit limit and charge a lot every month and normally pay the balance in full every month.

I was waiting for my refi to come through and so used a check that says in very large font 1.99%. I wrote a check for $20,000 expecting a $75 fee. Instead I got a $600 fee!
I requested a $525 credit (to make the fee $75) – they declined.

I charge an average of at least $8000 per month on this card which would pay for that $525 credit in two months of transaction fees. Yet they are willing to drop me as a customer instead.

Personally, I think that based on this being a brand new policy that they have never done before and that the font size being so small where it is described that this is fraud. In fact it is never even described. They simply removed the words “maximum of $75” from the fine print.

I complained and went up management on the phone only to be told that it was a valid charge and I could only dispute it in writing.
I tried using their online dispute submission – and it does not allow disputing their own charges!

So I faxed in my dispute and got a letter back that basically says too bad – the charge is valid.

I want to fight this – is it possible?
I want to complain to my state attorney general.

Yes it did say on the documentation with credit card checks that there was a 3% charge and a $5 (I think) minimum.
It merely neglected to say that there was no maximum – No comments about it in any way. Just plain removed the words “maximum of $75” which has been on every other check from Chase for the last 10+ years I have had their card.

I will try calling again, but it seems they don’t care – they got their $600 from me and are willing to lose me as a customer forever.

I will fight this even if I cannot win as I want to make this public.


August 6, 2007 @ 3:12 pm

You better check those Citicard terms – they are now charging 3% with no cap on balance transfers.

April 28, 2008 @ 3:45 pm

I see you recommended the Advanta Platinum Card, even if you do not own a business. The card has a good deal, and there is also one above the platinum that starts at 0% for three months, then 2.99% fixed until payed off. There is one part where it asks you the legal name of the business. Can I make a name up, or is this Illegal?

April 29, 2008 @ 3:57 am

Just put your individual name

May 20, 2008 @ 12:50 pm

thanks for the info mr credicard. i’m interested in the advanta card but this statement worries me, ” In accordance with applicable law and the terms of your Card Agreement, we may change all of your account terms, including rates and fees, at any time for any reason. This means that your account rates, including any introductory or promotional rates offered, are not guaranteed; all account rates may be increased, fixed rates may change to variable rates, and variable rates may change to fixed rates”.

August 10, 2008 @ 8:05 pm

I saw your suggestion for Advanta Business card and as of August 2008, the deal is:

They cap your initial credit limit at $2500, it doesn’t matter who you are. If you are wanting to do a balance transfer over this amount, you cannot. They do take balance transfers in order they are given as long as they total less then the above limit, not like some companies do – lowest from highest. The balance transfer fee has increased from what you have. It is now at $90 maximum.

I decided this wasn’t the balance transfer card for me, as my debt is $2900 and that $90 transfer fee doesn’t make it worth it (look at the fee as interest paid up front). Plus, they would only be able to take on part of my total.

August 27, 2008 @ 12:14 pm

Discover More card will not let you transfer balances from another Discover Card (my wife has one). Also, the balance transfers are up to $99 per transfer.

August 29, 2008 @ 2:19 am

My best recommendation would be to get the Advanta Platinum BusinessCard with Rewards. It has a 0% balance transfer deal for 15 months, the longest introductory period at this moment. It has a balance transfer fee. But a 3% of BT, minimum of $5 and maximum of $50, this is still worth doing a balance transfer if you have a large amount to transfer. Though it is a business card, you can apply even if you do not have a business. You will simply be treated as a sole proprietor. Just enter “business individual” under “business type” and “owner” under “position”.

When I went to apply for this card the balance transfer fee is min of $5 and max of $90, where did you obtain the aforementioned information?

August 29, 2008 @ 3:43 am

They have just increased the fee. I’ve updated the post. Thanks for pointing out.

September 15, 2008 @ 9:28 pm

“I saw your suggestion for Advanta Business card and as of August 2008, the deal is:

They cap your initial credit limit at $2500, it doesn’t matter who you are.”

Is this true?? The Advanta website said credit limit upto $50,000. I own a business and would like to get a $30,000 limit. Would I be wasting my time if I apply and get just $2500?? Is there any way to get more from them?

February 18, 2009 @ 3:57 am

I had an advanta business card that my terms showed I had a fixed rate. I was never late and they sent me something in the mail telling me they were raising my interest rate to 35%. I called and asked why, they said they looked at my finances again and increased the rate. My finances had not changed at all. Be very careful when working with Advanta. I will never use them again. g

K. J. S.
July 22, 2010 @ 1:54 pm

I accepted an offer for a Capital One card w/ 0% interest, no transfer fees. I was approved over the phone instantly. However, when i received the card, it had entirely different terms: 14.9% on balance transfer fees! I spent 2 hours on the phone with their reps from Colorado to Virginia to the Phillipines trying to straighten out this bait and switch scheme. I confirmed with their telesales dept. that they offer 4 such cards, but then was told the reason they didn’t send me the card is because I didn’t qualify for it. If so, A) why did they approve me? B) why did they send me a card I didn’t ask for & C) how could that be, with a FICO score above 800?
CAPITAL ONE is apparently running a bait and switch scam. I’ve reported them to the FTC and suggest you do the same if you find credit card companies doing illegal practices.

August 5, 2010 @ 7:48 pm

I had a Capital One account since around ’04.

If you always pay on time and they cannot get money off of you, they’ll start using tricks to charge you fees.

Most common one: they set you to paper statements automatically.
wait one billing cycle to send your statement, then charge you late fees on your next statement.

2nd most common: when you pay a balance in full, they somehow leave a few cents in there for miscellaneous reasons. They then charge $15 minimum late fee for a few cents that they do not explain where it comes from.

Capital One is a cheap company


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