Generally, no. The best balance transfer cards require at least good credit. But other debt payoff tools can also be effective and don’t always have a credit score requirement.
Bad credit credit cards Top tip If you keep an old credit card account open, it’s often a good idea to ensure it remains active by using it to cover a small recurring payment, such as a gym membership or a streaming service subscription. This can help improve your credit score ...
After that, a fee of either $5 or 5% of each transfer, whichever is greater applies. Foreign transaction fees: 3% of each transaction in U.S. dollars. Compare the best balance transfer cards Credit Card Credit score Best For Annual Fee Welcome Bonus Citi® Diamond Preferred® Card ...
Many balance transfer cards requiregoodorexcellent credit.If you have less than stellar credit, it can be difficult to qualify for a balance transfer card. FAQs Do balance transfers hurt your credit? Applying for a new credit card will typically 'ding' your credit score (although the drop is...
NerdWallet credit card expert Sally French goes over the basics of balance transfer credit cards. Generally speaking, you’ll need good to excellent credit to be approved for a balance transfer credit card. That’s roughly defined as a credit score of 690 or better. But credit scores alone do...
Capital One VentureOne Rewards Credit Cardoffers a 0% introductory rate on purchases and balance transfers for 15 months. It also appears on our list of15 Best Credit Cards for Average Credit, so if your credit score isn’t quite where you want it to be, but you want to transfer high-...
A balance transfer can affect your credit score, depending on 1) if you open a new card to transfer a balance and 2) what you do once your balances have been transferred. If you simply move your balances around on your existing cards, your credit score likely won't be impac...
Best Balance Transfer Credit Cards Review Chase Freedom Unlimited Credit Card If you’re looking for a 0% intro APR for purchases paired with flexible cash back rewards and a lot of other perks, this is it. TheChase Freedom Unlimited credit cardoffers a 15 month intro 0% APR on new purcha...
Explore Bankrate’s balance transfer credit card optionsView all balance transfer cards What is a statement balance? Your credit cardstatement balanceis different from your outstanding balance. This amount is what your credit card bill shows on the date your billing cycle ends, and it is determined...
How much I should I transfer? Will a balance transfer hurt my credit score? How long does it take to process a balance transfer? Can I transfer the balances from multiple credit cards? *APR= Annual Percentage Rate. Intro APR as low as 1.99% on balance transfers of $500 or more to an...