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Credit Scores That Get Balance Transfer Credit Cards

Posted January 31, 2018 7:07 p.m. EST

If you’re someone who struggles with credit card debt and high interest rates, a balance transfer might be a way to dig yourself out of indebtedness. There are various balance transfer credit cards that offer long 0% intro APR periods that provide you with ample time to pay off your balance. Depending on your credit score, you may qualify for some of the cards we list below.

Keep in mind that the credit score ranges listed below don’t guarantee that you will be approved for a card simply because you fall within the given credit range. Lenders consider numerous factors when determining eligibility.

In this post, we list the balance transfer cards you may qualify for, organized by credit score:

1. If you have excellent credit

    2. If you have good credit

      3. If you have fair credit

        4. If you have bad credit

          FAQ

            Excellent credit

            If you’re someone with the excellent credit (a score above 740*), you may qualify for some of the best balance transfer cards. Great balance transfer credit cards offer a long 0% intro period and/or no intro balance transfer fee. Here are our picks for balance transfer cards if you have excellent credit.

            APPLY NOW Secured

            on Chase’s secure website

            Read Full Review

            Chase Slate®

            Intro BT APR0%

            Introductory rate

            Balance Transfer Fee$0 intro balance transfer fee when you transfer a balance during the first 60 days your account is open. After 5% of the amount transferred, with a minimum of $5.Regular Purchase APR16.24%-24.99%

            Variable

            Duration15 monthsCredit requiredfair-credit

            Average

            APPLY NOW Secured

            on Bank Of America’s secure website

            BankAmericard® Credit Card

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$0 Intro balance transfer fee for the first 60 days your account is open. After that, 3% (min. $10)Regular Purchase APR13.24%-23.24%

            Variable

            Duration15 monthsCredit requiredgood-credit

            Excellent/Good

            APPLY NOW Secured

            on Discover Bank’s secure website

            Rates & Fees

            Read Full Review

            Discover it® - 18 Month Balance Transfer Offer

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee3%Regular Purchase APR13.24%-24.24%

            Variable

            Duration18 monthsCredit requiredgood-credit

            Excellent/Good

            Good / Excellent

            APPLY NOW Secured

            on Citibank’s secure website

            Read Full Review

            Citi Simplicity® Card - No Late Fees Ever

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 3% of the amount of the transfer, whichever is greaterRegular Purchase APR15.24%-25.24%

            Variable

            Duration18 monthsCredit requiredgood-creditExcellent/Good

            APPLY NOW Secured

            on Citibank’s secure website

            Read Full Review

            Citi® Double Cash Card – 18 month BT offer

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 3% of the amount of the transfer, whichever is greaterRegular Purchase APR14.74%-24.74%

            Variable

            Duration18 monthsCredit requiredgood-creditExcellent/Good

            APPLY NOW Secured

            on Citibank’s secure website

            Read Full Review

            Citi® Diamond Preferred® Card– 21 Month Balance Transfer Offer

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 3% of the amount of the transfer, whichever is greaterRegular Purchase APR14.24%-24.24%

            Variable

            Duration21 monthsCredit requiredgood-credit

            Excellent/Good

            APPLY NOW Secured

            on Santander’s secure website

            Read Full Review

            Sphere® Credit Card from Santander

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$10 or 4% of the amount of the transfer, whichever is greaterRegular Purchase APR13.74%-23.74%

            Variable

            Duration18 monthsCredit requiredfair-credit

            Average

            APPLY NOW Secured

            on Wells Fargo Bank’s secure website

            Wells Fargo Platinum Visa® Card

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee3% Intro for 18 months, then 5%Regular Purchase APR16.40%-26.24%

            Variable

            Duration18 monthsCredit requiredgood-credit

            Excellent/Good

            Good credit

            A credit score of 670 – 739* falls into the good credit range. With good credit you can still qualify for decent balance transfer cards. Listed below are the offers for best credit cards for people with good credit.

            APPLY NOW Secured

            on Chase’s secure website

            Read Full Review

            Chase Slate®

            Intro BT APR0%

            Introductory rate

            Balance Transfer Fee$0 intro balance transfer fee when you transfer a balance during the first 60 days your account is open. After 5% of the amount transferred, with a minimum of $5.Regular Purchase APR16.24%-24.99%

            Variable

            Duration15 monthsCredit requiredfair-credit

            Average

            APPLY NOW Secured

            on Bank Of America’s secure website

            BankAmericard® Credit Card

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$0 Intro balance transfer fee for the first 60 days your account is open. After that, 3% (min. $10)Regular Purchase APR13.24%-23.24%

            Variable

            Duration15 monthsCredit requiredgood-credit

            Excellent/Good

            APPLY NOW Secured

            on Discover Bank’s secure website

            Rates & Fees

            Read Full Review

            Discover it® - 18 Month Balance Transfer Offer

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee3%Regular Purchase APR13.24%-24.24%

            Variable

            Duration18 monthsCredit requiredgood-credit

            Excellent/Good

            Good / Excellent

            APPLY NOW Secured

            on Citibank’s secure website

            Read Full Review

            Citi Simplicity® Card - No Late Fees Ever

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 3% of the amount of the transfer, whichever is greaterRegular Purchase APR15.24%-25.24%

            Variable

            Duration18 monthsCredit requiredgood-creditExcellent/Good

            APPLY NOW Secured

            on Citibank’s secure website

            Read Full Review

            Citi® Double Cash Card – 18 month BT offer

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 3% of the amount of the transfer, whichever is greaterRegular Purchase APR14.74%-24.74%

            Variable

            Duration18 monthsCredit requiredgood-creditExcellent/Good

            APPLY NOW Secured

            on Chase’s secure website

            Read Full Review

            Chase Freedom®

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 5% of the amount of the transfer, whichever is greaterRegular Purchase APR16.24%-24.99%

            Variable

            Duration15 monthsCredit requiredgood-credit

            Excellent/Good

            Fair credit

            Those who have a credit score of 580 – 669* are likely to find it harder to qualify for a balance transfer credit card. There is the chance you may qualify for offers that are just OK, providing less time to pay off your balance. If you don’t qualify for a credit card, we recommend you look into personal loans. They are a good alternative to a credit card, and may represent a better option if you have fair credit.

            We recommend using LendingTree, MagnifyMoney’s parent company, to shop for the best personal loan. With a single online form, you can see results from dozens of lenders and shop around for the best deal. By using LendingTree to look for a personal loan, a soft credit pull is performed, which means your credit score will not be negatively impacted. Here are options for fair credit:

            APPLY NOW Secured

            on Aspire Federal Credit Union’s secure website

            Read Full Review

            MasterCard Platinum from Aspire FCU

            Intro BT APR0%

            promotional rate

            Balance Transfer Fee$5 or 2% of the amount of the transfer, whichever is greaterRegular Purchase APR9.15%-18.00%

            Variable

            Duration6 monthsCredit requiredfair-credit

            Average

            LEARN MORE Secured

            on LendingTree’s secure website

            LendingTree

            Loan Amountup to $35,000Term24 to 60 MonthsAPR Range5.99%-35.99%Origination FeeVariesCredit RequiredBad or Could be Better/Average/Good/ExcellentSoft PullYou can get your rate without hurting your score.Bad credit

            When you have a score below 579* you fall into the bad credit category. Your best option is to work on improving your credit through such things as secured cards. With proper credit behavior, you can be on your way to a fair or good credit score and more options. Just remember to be patient. Once your credit improves, check out the balance transfer cards above.

            *The credit score ranges listed above are for FICO Scores and obtained from Experian.

            FAQHow much time do I have to complete my balance transfer?

            The amount of time your have to complete your transfer will vary by credit card. Many cards require you to complete your transfer between 30 to 60 days from account opening, but check your specific card agreement for specifics. A good rule of thumb is to complete your transfer as soon as possible; the 0% intro APR period often starts from the day your account is opened.

            Will I be charged a transfer fee?

            Many cards charge a balance transfer fee ranging from 3 to 5 percent of the amount you transfer. So if you transfer $1,000 to a card with a 3 percent fee, you will accrue a $30 fee and owe $1,030. But be advised: There are cards that have $0 intro transfer fees.

            What happens if I don’t pay off my balance before the end of the intro period?

            Any remaining balances will accrue interest. The rate depends on your card agreement.

            The post Credit Scores That Get Balance Transfer Credit Cards appeared first on MagnifyMoney.