Wednesday, 25 November 2020

Credit Scores That Get Balance Transfer Credit Cards

Credit Scores That Get Balance Transfer Credit Cards
04 Nov
5:39

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.

Chase Freedom®

APPLY NOW Secured

on Chase Bank’s secure website

Read Full Review

Chase Freedom®

Intro BT APR
0% Intro APR on Balance Transfers for 15 months
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Regular Purchase APR
16.99% – 25.74% Variable
Duration
0% Intro APR on Balance Transfers for 15 months
Credit required
good-credit

Excellent/Good

Citi Simplicity® Card - No Late Fees Ever

APPLY NOW Secured

on Citibank’s secure website

Citi Simplicity® Card – No Late Fees Ever

Intro BT APR
0%* for 21 months on Balance Transfers*
Intro Purchase APR
0%* for 12 months on Purchases*
Regular Purchase APR
15.99% – 25.99%* (Variable)
Balance Transfer Fee
5% of each balance transfer; $5 minimum
Credit required
good-credit
Excellent/Good

Sphere® Credit Card from Santander

APPLY NOW Secured

on Santander Bank, N.A’s secure website

Read Full Review

Sphere® Credit Card from Santander

Intro BT APR
0% intro APR on balance transfers for 18 billing cycles if taken within the first 90 days of account opening
Balance Transfer Fee
$10 or 4% of the amount of each transaction, whichever is greater
Regular Purchase APR
14.49% to 24.49% Variable
Duration
0% intro APR on balance transfers for 18 billing cycles if taken within the first 90 days of account opening

BankAmericard® Credit Card

APPLY NOW Secured

on Bank Of America’s secure website

BankAmericard® Credit Card

Intro BT APR
0% Intro APR for 18 billing cycles for balance transfers made in the first 60 days
Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater.
Regular Purchase APR
14.99% – 24.99% Variable APR
Duration
0% Intro APR for 18 billing cycles for balance transfers made in the first 60 days
Credit required
good-credit
Excellent/Good

Discover it® Balance Transfer

Intro BT APR
0% for 18 Months
Balance Transfer Fee
3%
Regular APR
13.99% – 24.99% Variable
Duration
0% for 18 Months
Credit required
good-credit
Excellent/Good Credit

Chase Freedom®

APPLY NOW Secured

on Chase Bank’s secure website

Read Full Review

Chase Freedom®

Intro BT APR
0% Intro APR on Balance Transfers for 15 months
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Regular Purchase APR
16.99% – 25.74% Variable
Duration
0% Intro APR on Balance Transfers for 15 months
Credit required
good-credit

Excellent/Good

We recommend using LendingTree 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:

Platinum Mastercard® from Aspire FCU

APPLY NOW Secured

on Aspire Federal Credit Union’s secure website

Read Full Review

Platinum Mastercard® from Aspire FCU

Intro BT APR
0% Intro APR on Balance Transfers for 6 months
Balance Transfer Fee
$5 or 2% of the amount of each balance transfer, whichever is greater
Regular Purchase APR
8.90% – 18.00% Variable
Duration
0% Intro APR on Balance Transfers for 6 months
Credit required
fair-credit

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

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.

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.

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

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Alexandria White

TAGS: , ,

Recommended by

This Cash Back Number May Surprise You

This Cash Back Number May Surprise You

Best Travel Credit Cards With No Annual Fee

Best Travel Credit Cards With No Annual Fee

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

2 Credit Cards Charging 0% Interest until 2019

2 Credit Cards Charging 0% Interest until 2019

Source: https://www.magnifymoney.com/blog/balance-transfer/credit-score-balance-transfer824575760/

« »

Szemere

Related Articles