No transfer fee credit card
No transfer free credit cards are the credit cards that allow a person in making balances transfers without any fee requirements or at 0% APR. With presence of many credit card companies, competition among them has grown very strong and this is the reason why credit card companies are coming out with different types of offers. Best way of choosing the card is to shop for maximum numbers of offers.
There are many web sites that provide a list of no transfer fee credit cards and a person can choose one that suits his needs in the best manner. It has also been observed that some credit card allow users to make balance transfer at 0% only for a limited period, which is known as introductory period. After this period, regular fee becomes applicable on the credit card. In present times, when economies are struggling a lot and are suffering from recession, many credit card companies have reduced benefits with respect to balance transfer fee greatly. It does not mean that no transfer fee credit cards are not available. However, while searching for such cards, a person should also look for balance transfer credit cards that charge a nominal transfer fee. Apart from 0% introductory offer, average balance transfer fee charged by the credit card companies is 3%.
No transfer fee credit cards have been successfully used by many people for temporary or short term financial emergency. By making balance transfers at 0%, a person can easily arrange for required cash. It is advised here that after the introductory period is over, a person should pay the balance in full or he can search for another no transfer fee credit card. It is better if a person makes the nominal balance transfer fee as it allows him to improve his credit history. There are many types of offers and reward programs attached with no transfer fee credit cards. For example, some credit cards offer cash back reward programs while some other offer bonuses and points. These can be redeemed for numbers of options like gift cards. People who have to travel frequently can go for miles credit cards that offer 0% balance transfers for a limited period. It has also been seen that people apply for more than one no transfer fee credit cards for making good money.
Discover is one of various credit card companies that offer no transfer fee credit card. Discover More SM Card is one of important no transfer fee credit cards. This card allow user in getting 5-20% cash back bonus for online shopping. For all other purchases, unlimited cash back offer up to 1% is offered. There is no annual fee. 0% introductory offer is applicable to purchases as well as balance transfers.
Discover Open Road SM Card is another offer available in the category of no transfer fee credit cards. Card holders are offered double cash back on grocery stores. Online cash back offer is from 5-20%. Rewards obtained can be redeemed for gift cards. There is no annual fee charged. Similarly, Discover More SM Card Clear is another no transfer fee credit card offered. There is no annual fee and online access is also provided. Cash back offers are as same as other cards. In all the Discover no transfer fee credit cards mentioned above, there are no annual fee requirements and 0% introductory offer for balance transfers is 12 months.
Orchard Bank Animal Lovers Master Card is also one of various no transfer fee credit cards. This card offers 0% introductory period on balance transfers and purchases for a period of 6 months to all the qualified applicants. It is accepted at millions of locations and can also be used for online purchases. Online account management can be done in an easy manner. Text messages and e-mails are offered to applicants for all the upcoming due payments. There is no annual fee attached with this credit card.
A person can also go for Citi Platinum Select Master Card. This credit card offers balance transfer at 0% for a period of 12 months. This offer is available for purchases as well. There is no annual fee attached with this card.
Miles Credit Card that is offered by Discover is also one of leading no transfer fee credit cards. A person can make balance transfers at 0% for six months. After this period, balance transfer fee is charged at 3%. Minimum and maximum balance transfer fees are $10 and $75 respectively. This card offers a bonus 12000 miles.
Pulaski Bank Visa Card is also one of various credit cards available that charge no transfer fee. There is no annual fee attached. A person can make balance transfers at 0% for 6 billing cycles. This offer is applicable to all the balance transfers that are processed in the first three months of getting credit card. Similarly, a person can also go for Iberia Bank Visa Platinum Rewards Card. There is no annual fee charged for this credit card and a person can make 0% balance transfers for a period of six months. Other no transfer fee credit cards offered by Iberia Bank are Visa Gold Cash Back and Visa Classic credit cards. Both these cards offer 0% balance transfer facility for a period of 6 months.
Bank of America Pet Rewards Card is another card offered in the category of no transfer fee credit cards. Balance transfers can be made at 0% for first 6 billing cycles.
A person can also get American Express NYC card. It offers 0% introductory APR on balances transfers for a time period of 6 months. For dining, cell phone services and movie theaters, 2% additional purchase rewards are also offered.
As said above also, no transfer fee credit cards are becoming harder to get as credit card companies are fully aware of the practices adopted by people towards these cards. Number of no transfer fee credit cards has dropped significantly in past few years. Extensive search can help a person in getting a reasonable no transfer fee credit card.
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