Interest Free Credit Cards With No Balance Transfer Fee

Interest Free Credit Cards With No Balance Transfer Fee

Hello Arkana friends, today we will be talking about interest free credit cards with no balance transfer fee. We all know how stressful it can be to pay high interest rates on credit card balances, especially when you are trying to pay down debt. Luckily, there are credit cards available that offer interest free periods and waive balance transfer fees. Let’s take a closer look.

What are Interest Free Credit Cards?

Interest free credit cards are credit cards that offer 0% interest on purchases and/or balance transfers for a specific period of time. This means that any debt you accrue during the interest free period will not incur any interest charges. Once the interest free period ends, the standard interest rates will apply.

What are Balance Transfer Fees?

A balance transfer fee is a fee charged to transfer a balance from one credit card to another. The fee is usually a percentage of the total amount transferred, and can range from 1-5%. Some credit cards offer promotions that waive balance transfer fees, making it easier for you to transfer your high-interest balances to a card with a lower interest rate.

What are the Benefits of Interest Free Credit Cards with No Balance Transfer Fees?

There are multiple benefits of having an interest free credit card with no balance transfer fees. Firstly, it can help you to save money by not having to pay interest charges on your balance. Secondly, it can help you to pay off your debt faster, as you can focus on paying down the principal amount without worrying about interest charges. Lastly, it can simplify your finances by consolidating multiple high-interest balances into one easy-to-manage payment.

What are the Top Interest Free Cards with No Balance Transfer Fees in 2021?

Here are some of the top credit cards that offer interest free periods and waive balance transfer fees:

1. Chase Freedom Unlimited

The Chase Freedom Unlimited card offers 0% interest on purchases and balance transfers for the first 15 months. It also has no annual fee and rewards program that gives you 1.5% cash back on all purchases.

2. Citi Simplicity

The Citi Simplicity card offers 0% interest on purchases and balance transfers for the first 18 months. It also has no late fees, penalty rates, or annual fee, making it a great choice for those who want simplicity and peace of mind.

3. Wells Fargo Platinum

The Wells Fargo Platinum card offers 0% interest on purchases and balance transfers for the first 18 months, and has no annual fee. It also offers free access to your FICO credit score, making it easier for you to keep an eye on your credit health.

4. Discover it

The Discover it card offers 0% interest on purchases and balance transfers for the first 14 months. It also has no annual fee and a rewards program that gives you 1% cash back on all purchases, with 5% cash back on rotating categories every quarter.

Conclusion

Interest free credit cards with no balance transfer fee can be a great option for those who want to save money on interest charges, pay off debt faster, and simplify their finances. Be sure to do your research and choose a credit card that fits your needs and financial goals. Thanks for reading, and we will see you in another interesting article update!