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Credit Cards With 0 Balance Transfer And No Fees
Hello Arkana friends! Today, we’ll be discussing an important topic that’s of interest to many — credit cards with 0 balance transfer and no fees. For those struggling to pay off their credit card debt, this may provide a much-needed respite. Here’s what you need to know:
What Is A Balance Transfer?
A balance transfer is the process of moving your outstanding credit card balance from one card to another. This is often done to take advantage of lower interest rates, which allows you to save money on interest charges.
What Are 0 Balance Transfer Credit Cards?
A 0 balance transfer credit card is one that offers a 0% interest rate on balance transfers for a specified period of time. This means that you can transfer your balance to the new card and pay no interest for a certain number of months.
What Are No Fee Balance Transfer Credit Cards?
A no fee balance transfer credit card is one that doesn’t charge a fee for transferring your balance to the new card. Many credit cards charge a balance transfer fee of around 3-5% of the balance being transferred, so a no fee card can save you a considerable amount of money.
How Can You Benefit From These Cards?
If you’re struggling to pay off your credit card debt, a 0 balance transfer and no fee credit card can be a lifesaver. By transferring your balance to the new card, you’ll be able to save money on interest charges and pay off your debt faster.
What Should You Watch Out For?
While these cards can be great for saving money, there are a few things to watch out for. First, make sure you understand the terms of the balance transfer offer, including the interest rate and any fees that may apply after the introductory period ends. Additionally, make sure you don’t continue to use the old credit card and rack up new debt while paying down the transferred balance on the new card.
Top 5 0 Balance Transfer And No Fee Credit Cards
1. Chase Freedom Unlimited. Offers 0% APR on balance transfers for the first 15 months and no balance transfer fee.
2. Discover it Cash Back. Offers 0% APR on balance transfers for the first 14 months and no balance transfer fee.
3. Citi Simplicity Card. Offers 0% APR on balance transfers for the first 21 months and no balance transfer fee.
4. Amex EveryDay Credit Card. Offers 0% APR on balance transfers for the first 15 months and no balance transfer fee.
5. Wells Fargo Platinum Card. Offers 0% APR on balance transfers for the first 18 months and no balance transfer fee.
Conclusion
If you’re dealing with credit card debt, a 0 balance transfer and no fee credit card can be an excellent tool to help you save money and pay off your debt faster. Just be sure to read the terms carefully and avoid racking up new debt while paying off your transferred balance. We hope you found this article helpful. Thank you for reading, and we’ll see you again soon with more interesting updates!