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Best Credit Cards With No Balance Transfer Fees for April 2022

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If you’re carrying significant credit card debt, reducing your interest rate can make a big difference month after month. Balance transfer cards let you move your debt from a high-interest credit card to a new card with a low or 0% intro APR — a good method for stopping rising interest and making it easier for you to pay down your balance.

Some balance transfer cards charge a fee (usually between 3% and 5%) for the benefit of the lower rate, sending your initial balance higher and making your savings calculations more complicated. Luckily, several cards offer fee-free balance transfers, usually offsetting the cost with shorter periods for your introductory APR.

If you’re looking to transfer your credit card balance at no cost, read on to learn about our top partner offers. As balance-free credit card offers and terms change, we will update these offers periodically.

Read more: Best Secured Credit Cards

Intro OfferN/A

APR8.49% to 19.99% (Variable)

Recommended Credit Excellent/Good Credit

Reward RatesN/A

Annual Fee$0

Intro Purchase APR0% Introductory APR for the first 15 months that your account is open.

Intro Balance Transfer APR0% Introductory APR for the first 15 months that your account is open.

Balance Transfer Fee Either $10 or 3% of the amount of each balance transfer, whichever is greater.

Balance Transfer APR8.49% to 19.99% (Variable)

Late Payment Fee Up to $37

Foreign Transaction Fees 3% of each transaction in U.S. dollars.

Penalty APR None

Our Take

The Union Bank® Platinum™ Visa® Credit Card offers 15 months of 0% introductory APR on both purchases and balance transfers, with $0 in balance transfer fees if you complete your first balance transfer within the first 60 days of account opening (after that, 3% of each transfer with a minimum of $10). After the promotional APR period ends, you’ll be subject to a variable APR of 8.49% to 19.99% — the lower end of this range is very competitive compared to most balance transfer credit cards. There is also no annual fee, making this a safe card to transfer your balance to without any extra costs if you’re diligent.

Intro OfferN/A

APR8.15% – 18.00% variable APR

Recommended Credit N/A

Reward RatesN/A

Annual Fee$0

Intro Purchase APR0% intro APR for 12 months from account opening on purchases

Intro Balance Transfer APR0% intro APR for 12 months from account opening on BTs

Balance Transfer Fee None

Balance Transfer APR8.15% – 18.00% variable APR

Foreign Transaction Fees None

Our Take

Wings Financial Credit Union is based in Minnesota, but you can join by making a $5 donation to the Wings Financial Foundation. After that, you can apply for the Wings Visa Platinum Credit Card*, which charges no annual or balance transfer fees and offers 12 months of 0% introductory APR on balance transfers and purchases (8.15% to 18.00% variable APR thereafter).

Intro OfferN/A

APR6.99% to 18.00% (Variable) when you open your account, based on your credit worthiness

Recommended Credit N/A

Reward RatesN/A

Annual FeeNone

Intro Purchase APRN/A

Intro Balance Transfer APRIntroductory 0.00% APR balance transfer for 12 billing cycles

Balance Transfer Fee None

Balance Transfer APR6.99% to 18.00% (Variable) when you open your account, based on your credit worthiness

Foreign Transaction Fees None

Our Take

First Tech Federal Credit Union is based out of San Jose, California, and catered initially to employees of tech companies in the Pacific Northwest. Today, you can become a member if you work for one of their partner companies or become a member of the Computer History Museum ($15 for an annual membership) or the Financial Fitness Association ($8 for an annual membership).

The First Tech Platinum Mastercard* credit card also offers 12 billing cycles of 0% introductory APR on balance transfers (6.99% to 18.00% variable APR thereafter) with no credit card balance transfer fees. 

Intro Offer$100 in statement credit after you spend $500 on qualifying purchases, in the first 3 months after account opening

APR11.24%–21.24% (Variable)

Recommended Credit Excellent Credit

Reward Rates

  • 1% unlimited cash back on all qualifying purchases

Annual Fee$0

Intro Purchase APRN/A

Intro Balance Transfer APR3.25% variable intro APR for first 36 months on all balance transfers within 60 days of account opening.

Balance Transfer APR11.24%–21.24% (Variable)

  • 1% unlimited cash back on all qualifying purchases

Our Take

The SunTrust Prime Rewards Credit Card* doesn’t charge a balance transfer fee per se ($0 for balance transfers in the first 60 days, then 3% or $10 minimum). Rather, it comes with three years of a relatively low APR — 3.25% variable — which serves as a flat transfer fee paid over a year. It’s worth noting that the effective rate will actually be lower than 3.25% variable, if you can pay down your balance.

Bottom line: If you need more time to pay off your debt, the SunTrust Mastercard Prime Rewards offers a balanced combination of a low interest rate and a long payback period.

FAQs

How do balance transfer credit cards work?

When used correctly, balance transfer credit cards function as a debt-financing tool. They can help you pay down existing high-interest credit card debt faster and for less.

When you transfer a balance, you move debt from one credit card to another. The best balance transfer cards offer low or no interest for a set introductory period, allowing you to pay down your debt without worrying about high accruing interest. This introductory APR period generally lasts between 12 months and 21 months, giving you a significant period of time to pay off your balance before the interest rate increases. 

While a few credit cards offer no-fee transfers, most balance transfer cards charge you between 3% and 5% of the balance transferred. Typically, the longer the introductory 0% APR period, the higher the fee, and vice versa. So cards without a balance transfer fee have shorter introductory APR periods, and those with transfer fees have longer introductory APR periods.

Where can I find credit cards with no balance transfer fee?

We think the Wings Visa Platinum and First Tech Platinum cards are two of the best credit cards with no balance transfer fee. While both offer introductory APR offers, you will have to pay between $5 to $15 to become a member. This fee is relatively small compared to typical balance transfer rates, though. To compare, let’s say you’re transferring $5,000 in credit card debt — a card with a 3% fee would charge you $150 to do so, while the Wings Visa Platinum and First Tech Platinum cards would only require a membership fee under $20.

That said, if you’re already a member of a credit union, it may be worth asking if it offers a balance transfer card with a 0% introductory APR period and no balance transfer fee.

What are the benefits of a credit card with no balance transfer fee?

A credit card with no balance transfer fee lets you transfer a balance from one account to another without paying an upfront transfer fee, generally between 3% and 5%. The trade-off is a shorter introductory APR period for balance transfers.

A credit card with no balance transfer fee and a 0% APR offers a way to pay off high-interest credit card debt without paying a dime in interest or fees, but only if you can pay it off within one year. If you need more time, it might be better to consider a card with a balance transfer fee that has a longer no-interest or low intro APR period. 

How do I decide if a credit card with no balance transfer fee is right for me?

The first step is to understand how large of a monthly payment you can afford each month. Then, calculate how much you’ll pay in interest and fees with two or three different balance transfer credit cards. 

Generally speaking, if you can pay off your debt in around 12 to 15 months, the 3% you save with a credit card with no balance transfer fee will be worth it. If it’s going to take you 17 to 18 months or longer, a card like the U.S. Bank Visa® Platinum Card may save you more money in interest payments, despite the 3% transfer fee ($5 minimum). If you need more than two years to pay down your balance, the SunTrust Mastercard Prime Rewards may be your best option. Don’t discount personal loans either — if you owe a significant amount and need a few years to repay your debt, you may be able to lock in a personal loan for a lower interest rate than the SunTrust Mastercard Prime’s introductory 3.25% variable APR on balance transfers (11.24% to 21.24% variable APR thereafter).

Our methodology

CNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash-back, welcome bonus, travel rewards and balance transfer. We take into consideration the typical spending behavior of a range of consumer profiles — with the understanding that everyone’s financial situation is different — and the designated function of a card. 

For cash-back credit cards, for example, key factors include the annual fee, the “welcome bonus” and the cash-back rate (or rates, if they differ by spending category). For rewards and miles cards, we calculate and weigh the net monetary value of a card’s respective perks. And with balance transfer credit cards, we analyze specs such as the duration of the introductory 0% APR period and the balance transfer fee, while acknowledging secondary factors such as the standard APR and the length of time you have to make a balance transfer after you open the account.

More credit card recommendations

*All information about the Wings Visa Platinum Credit Card, First Tech Platinum Mastercard, and the SunTrust Prime Rewards Credit Card has been collected independently by CNET and has not been reviewed by the issuer.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.



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Overwatch 2 Beta Begins Tomorrow: Start Time and What to Expect

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Overwatch 2 starts its second beta on Tuesday, June 28, for PC and console players. The beta begins at 2 p.m. ET/11 a.m. PT and runs through Monday, July 18. Sign-ups are still open for a chance to participate, and you can still get guaranteed access if you’re willing to spend some cash.  

The next beta will be our first look at Junker Queen, a new tank hero who first appeared in posters on the Junkertown map that was released in 2017. Fans have been hoping to play her ever since, and five years later, we’re finally getting the chance. The new beta also adds a new hybrid map, Paraiso. The developers have laid out their goals for the beta, which include testing server capacity and hero balance. 

Overwatch 2 is the sequel to Blizzard’s class-based shooter, featuring two teams of five players fighting over objectives. Overwatch devs announced in June that the game will be free to play and will launch in early access on Oct. 4. The first beta injected a frantic pace into the game, which was a welcome change from the slower, more grinding pacing that’s plagued Overwatch in recent years. The free-to-play PvP element will bring the game more in line with other competitive shooters, like Valorant and Apex Legends.

How to sign up for the Overwatch 2 beta

Anyone can sign up for Overwatch 2’s second beta, but it’s not technically an open beta. The game will add people gradually as it ramps up server capacity, and the first big wave of beta access will happen on July 5, according to the beta FAQ page. Even if you were in the previous beta, you’ll need to sign up again. 

Here’s how to sign up:

1. Go to the Overwatch 2 beta site.
2. In the top right corner, log in to your Blizzard Account.
3. At the bottom of the Overwatch 2 beta page, choose your platform (and region for PlayStation players).
4. Then hit Request Beta Access.

If you want guaranteed beta access on June 28, you can purchase the Watchpoint Pack ($40). In addition to beta access on day one, you’ll also get two legendary character skins, a unique player icon and enough digital currency to buy the first two battle passes.

How do I download the Overwatch 2 beta?

Blizzard hasn’t released details on downloading the second beta, but it should follow the same process as the first beta. Here’s how that worked:

1. Log in to your Battle.net account and navigate to Overwatch on the game launcher.

2. In the bottom left, click the Game Version drop-down.

3. Select Overwatch 2 Tech Beta to install.

4. When the download is complete, hit the blue Play button to start.

Junker Queen spinning her axe

Junker Queen’s ultimate ability helps her close distance and end fights quickly.


Blizzard

Junker Queen abilities

The new beta finally gives fans a chance to play as Junker Queen, a hero we’ve all been excited about and/or thirsting over since she was first teased on the Junkertown map. Here’s what we know about Junker Queen’s abilities, from the Overwatch Twitter account:

New Hybrid Map: Paraiso

The beta also adds Paraiso, a new hybrid map that explores Lucio’s home, including the DJ’s Clube Sinestesia. As with all hybrid maps, players will start by attacking or defending a control point, and if the attackers succeed, players will spend the rest of the map attacking or defending a payload. 

An underground club with light-up floor

Clube Sinestesia is where support hero Lucio found fame as a DJ.


Blizzard

For more Overwatch 2 news, check out everything we learned from the Overwatch 2 reveal event.



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Icebergify: How To Create an Iceberg of Your Most Listened to Spotify Artists

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Been on social media today? Seen those bizarre musical Icebergs floating around in your feed? You’re not alone. Screenshots like this have been doing the rounds today, particularly on Twitter. 

It’s all created via the magic of a website called Icebergify.

Using the data from your Spotify listening habits, Icebergify creates an Iceberg of your most listened to artists ranked by popularity. At the tip of the iceberg? Your favourite “mainstream” artists. Your Taylor Swifts, your Beyonces, your Drakes, etc. The further down you go, the more obscure it becomes. It looks a little like this…

If you want to see your own iceberg, you can head to the website directly. Be warned: it does require your Spotify log-in. 

The Icebergify website was developed by Akshay Raj, a freshman studying Computer & Data Science at Rice University. He says he has no plans to monetize the site or use the data collected — which is limited to your username, Spotify account ID and the top 50 tracks and artists listened to over the past few years. 

How does it work? It’s fairly simple. Icebergify takes your most listened to artists and sorts them according to popularity rankings. Streams, shares, saves, likes, and followers are all taken into account. This is why Beyonce might be at the top of your iceberg, but lesser known artists are at the bottom, beneath the ocean. Also worth noting: It seems like Icebergify is being flooded due to its surprising popularity. Head back later if it doesn’t immediately work.





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Apple’s First Mixed-Reality Headset May Sport New M2 Processor

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Apple’s first mixed-reality headset could come with the company’s flagship M2 processor, just one of the “deluge” of new products the company is expected to unveil in the next year, Bloomberg’s Mark Gurman reported Sunday.

The M2, unveiled in June, features redesigned central processing units and a significant memory increase, which would provide a significant boost to the much-rumored headset over the previous M1 chip.

The much-rumored headset incorporating both virtual and augmented reality environments is expected to provide a boon to the gaming industry. Apple analyst Ming-Chi Kuo said earlier week that the headset — expected to be announced in January 2023 — would be the most complicated product Apple has designed yet.

Apple CEO Tim Cook has been vocal about his excitement about AR. Earlier this week, he explained that the tech industry is still in the “very early innings” of this technology’s possibilities.

“I couldn’t be more excited about the opportunities we’ve seen in this space, and sort of stay tuned and you’ll see what we have to offer,” Cook told China Daily.

Other products Gurman expects to debut in the next 12 months include four iPhone 14 models, three Apple Watch variations, several Macs with M2 and M3 chips, iPads, updated AirPods Pro earbuds, a fresh HomePod, and an upgraded Apple TV. 

Apple didn’t immediately respond to a request for comment.

Read moreApple AR, VR Headset Rumors: WWDC, Release Rumors, M1 Chip and More



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