If you're looking for a 0% balance transfer credit card that does not charge a balance transfer fee, you've probably noticed that in the last few years that the number of credit card companies offering these cards has decreased. Before you give up though, there are still some cards available - you just need to know how to find them and at the same time make sure you are getting what you want.

A 0% balance transfer card is a great way to save money. By consolidating debts from several cards that charge a high rate of interest to just one card with a lower rate of interest, a large amount of savings can add up quickly. The key is getting that 0% transfer fee. The standard transfer fee is 3% capping at $50 to $75. If you are transferring a large amount from one credit card, this works out great. However, you have to be careful if you are transferring debt from several cards because you will be charged the 3% on each transfer. With a 0% balance transfer credit card, you don't have to worry about any of this and you can see how you can save a significant amount of money.

The "catch" with these cards is usually hidden in the fine print though and you need to be aware of it. If the transfer fee is 0% interest, the credit card company is obviously not making any money off of the transfer. They can't stay in business if they aren't making some money somewhere, the question is where? They usually make up for not charging interest on the transfer by making it on hidden fees. Be sure you read the fine print before you apply for one of these cards. As good as they sound, you don't want to be caught off guard and get stuck with extra costs to add to your credit debt.

There is a great deal of competition in the credit card industry these days. With this in mind, it isn't that hard to find a 0% balance transfer credit card that will help you save money. Just be aware of hidden costs, compare the different cards being offered, and read the fine print before you apply.