Balance Transfer With No Fee

These days, it’s pretty much impossible to find a no fee balance transfer credit card, unless you get your balance transfer fee waived, which is unlikely.

Card issuers just aren’t open to taking on your credit card debt for free anymore…or are they?

While the Chase Freedom isn’t marketed as a “balance transfer with no fee,” you can make it one rather easily.

You see, the card currently comes with a $100 cash back bonus if you spend $500 in so-called “qualifying transactions” during the first 3 months the account is opened.

So just what are qualifying transactions anyways?

Well, according to their fine print, qualifying transactions include purchases, balance transfers, and any checks used to access your account, aside from cash advances.

So basically if you open the card and execute a credit card balance transfer for at least $500 during the first three months of card ownership, you’ll earn 10,000 bonus points, good for a $100 check.

Umm…great, so how is this a balance transfer with no fee if there’s a 3% balance transfer fee?

Example:

Credit card debt: $3,000 @ 19.99% APR
Balance transfer fee: 3% ($90)
Cash back bonus: $100

If you balance transfer $3,000 to the Chase Freedom card, you’ll pay $90 in balance transfer fees, but earn $100 cash back, so your net gain will be $10.

If you balance transfer $2,000, you’ll pay $60 in balance transfer fees, but get $100 cash back, so your net gain will be $40.

And so on…you get the picture.

Not only that, but you’ll likely save even more money by avoiding costly credit card finance charges each month, especially if your current credit card APR is sky-high, which it likely is.

In conclusion, this is a creative, yet automatic and easy way of getting your hands on a balance transfer with no fee.

Apply here.