The main point of a credit card balance transfer is to reduce debt, so consumers may question digging into their wallet to simply move their debt from one credit card to the next.

But often times the savings of a balance transfer greatly outweigh the associated balance transfer fees., so it’s not necessarily a losing proposition.

However, that doesn’t mean you shouldn’t take the time to shop around for a “free balance transfer credit card.”

After all, it never hurts to save money, especially when looking to reduce your debt.

What is a free balance transfer credit card?

By “free balance transfer credit cards,” I mean those set at 0% APR that don’t have a balance transfer fee, cash advance fee, or an annual fee.

Or any other fees for that matter, aside from maybe late payment fees – you’re on your own there…

So if you do come across a balance transfer card with no annual fee, make sure it has no balance transfer fee and 0% APR if you want it to be truly free.

And if it’s a no fee balance transfer, make sure it’s got 0% APR and no annual fee or any other charges.

Regardless, always be sure to dig through the fine print and credit card disclosures before agreeing to anything because a lot of advertisers throw around the word “free” with reckless abandon.

Free Balance Transfer Credit Cards Hard to Find

These days it’s pretty difficult, if not impossible, to find a truly free balance transfer credit card, as banks and credit card companies have tightened their belts quite a bit in the risk department.

If you do happen to come across what you think is a free balance transfer, there will likely be either a balance transfer fee or APR above 0%, meaning finance charges.

In other words, not free!

Gone are the days of 0% APR balance transfers with no fee. But if we’re lucky, they’ll make a comeback once this credit mess gets cleaned up…FYI, you’ll always find any and all free balance transfer credit card offers in the box at the top of this page.

In summary, a truly free balance transfer credit card should have the following:

- 0% APR on balance transfers for an extended period of time
- No balance transfer fees
- No cash advance fees
- No annual fee
- No fees of any kind