No Fee Balance Transfer Credit Card Offers Disappearing

Update 4/15/08! - Washington Mutual is now offering a 0% APR on no fee balance transfers, as well as purchases, for 6 months with its ESPN Visa Card. This is currently the only 0% APR no fee balance transfer deal available.

Update 4/7/08! - Citibank, which had offered a 0% APR for 1 year and no fee balance transfers with the Citi Professional Cash card has pulled this offer from the market. This particular card is now offering a 0% APR on purchases for a year. At present, there are no major credit cards offering no fee balance transfers.

Update 4/1/08!- Bank of America, which previously offered a 0% APR on no fee balance transfers for 6 months changed the terms of their Platinum Plus credit card. They now offer a 0% APR for 1 year on balance transfers and cash advances. A 3% fee applies to all balance transfers.

Update 3/1/08!- Citibank, which had offered a 0% APR on no fee balance transfers for 9 months with its Citi Professional Card with Thank You Rewards is no longer offering this deal.  However, they now have a better offer:  no fee 0% APR balance transfers for a year with the Citi Professional Cash card.

Although interest rates are starting to drop, the number of credit cards offering no fee balance transfers remains on the decline. As I write this, no credit card is offering no fee balance transfers and a 0% APR for 1 year. At this time last year, more than 10 such offers existed.

Despite the dearth of no fee balance transfer offers available, balance transfers still remain a highly effective way to save hundreds, if not thousands of dollars a year in interest. Although paying a balance transfer fee reduces overall savings somewhat, the benefits of 0% balance transfers are unquestionable. To learn more about how much you can save with a 0% APR balance transfer, try out our balance transfer calculator.

Compare Current No Fee Balance Transfer Credit Card Offers