Balance transfers allow you to save a good deal of your money simply by not paying the interest rate. Given that, our review of the best balance transfer credit cards will help you to find a right card and alleviate the debt burden. As you will see, there are plenty of decent options for that purpose.
Best Balance Transfer Credit Cards
At first, we will list the best card options for balance transfers. Yet, you must bear in mind that all of them require a good or excellent credit score. But their features and bonuses are well worth it.
Citi Simplicity Credit Card: Simple Balance Transfers for 21 Months
Annual fee: $0.
Purchase APR: from 15.99% to 25.99%.
Balance transfer APR: from 15.99% to 25.99%.
Balance transfer fee: $5 or 5% (whichever is greater).
Recommended credit score: from 690 to 850.
Most suitable for: customers who are seeking simple balance transfers for a long period of time.
- 0% intro APR period on balance transfers during the first 21 months.
- 0% intro APR period on purchases during the first 12 months.
When it comes to the best Citibank balance transfer offers, Citi Simplicity Card completely lives up to its name. it appears to be a simple balance transfer credit card, which, however, might come with a hefty fee for you. So it’s worth to double-check whether the card is good enough for you.
Basically, this credit card comes with one of the longest 0% intro APR periods on balance transfers: it offers 21 months without charging an interest rate. Yet, any balance transfer will come with a fee of either $5 or 5% (whichever is greater). Also, you must pay the transferred balance in full by the end of those 21 months. Otherwise, the interest will be accrued on the entire sum for all that 21-month long period.
For instance, let’s make some calculations. Let’s suppose you have $5,000 in debt with a 15% interest rate, which you would pay off in 7 months. While you will be paying off the debt, the interest rate on the principal and the interest rate itself will be equal to $1090. In the end, $5,869 of the principal and $221 of the interest rate will have to be paid. Instead of paying it off that way, you can make a balance transfer to your Citi Simplicity Credit Card. That will cost you $250. So, you will save $840 on the interest ($1090-$250=$840).
It is also worthwhile to note that this Citibank balance transfer offer is good due to the following fact: the card doesn’t have late penalty APR nor late penalty fee. In addition to that, the card also comes with a 12-month long 0% intro APR period on purchases. That rather is provided as a bonus, given that the majority of the customers fall for this card due to its utility for balance transfers.
To sum up, this credit card from Citi Bank comes without some special features. But it’s good enough for balance transfers and allows the customers to get some fresh air. This Citi credit card is perfectly suitable for the customers who need a lot of time to pay off their debts.
Citi Double Cash Credit Card: Generous Cash Back and Zero APR
Annual fee: $0.
Purchase APR: from 15.49% to 25.49%.
Balance transfer APR: from 15.49% to 25.49%.
Balance transfer fee: $5 or 3% (whichever is greater).
Recommended credit score: from 690 to 850.
Most suitable for: customers who need to pay off their debts yet who want to enjoy high cash back at the same time.
Citi Double Cash Card is also included in the list of the best cash back credit cards, thanks to its generous 2% cash back rewards rate. If you have an opportunity to do so, it would be better to pursue this credit card instead of Citi Simplicity. And in this review, we will explain why.
As a matter of fact, this credit card is not more complex than the previous Citibank balance transfer offer. It basically has only two features: cash back and intro APR period on balance transfers. In terms of cash back, this credit card is one of the best on the market and offers the extraordinarily high cash back rewards of 2% on all purchases. And that’s given the fact that there is no annual fee!
In terms of balance transfers, the 0% intro APR period on balance transfers is shorter than the one of Citi Simplicity Card: 18 months. However, that’s a pretty fair price for such a high rate cash back rewards. If you don’t need more than 18 months to pay off your debts, then we highly suggest you to send an application for this credit card. Considering that there are no differences in regards to the recommended credit score, that’s definitely worth it.
Besides, this credit card also comes with a lower balance transfer fee. Unlike Citi Simplicity Card, Citi Double Cash charges either $5 or 3% for a balance transfer. So, if you were to transfer $5,000 to this credit card, you would pay the balance fee of $150, opposed to the fee of $250 in the case of Citi Simplicity Card.
To sum up, it is obvious that you should pursue this credit card if you can afford it. An astonishing combination of generous cash back rewards and prolonged intro APR period on balance transfers make Citi Double Cash one of the best offers on the market.
Discover It Balance Transfer Credit Card: Double Cash Back and Long-Term Zero APR
Annual fee: $0.
Purchase APR: from 13.99% to 24.99%.
Balance transfer APR: from 13.99% to 24.99%.
Balance transfer fee: 3%.
Recommended credit score: from 690 to 850.
Most suitable for: customers with good or excellent score who want to combine a long-term intro APR on balance transfers and a generous cash back rate.
- 0% intro APR period on balance transfers during the first 18 months.
- 0% intro APR period on purchases during the first 6 months.
- Intro offer: Discover will match all the cash back you have earned during the first year automatically.
- Receive 5% cash back on rotating quarterly categories (such as Amazon.com, wholesale clubs, groceries, gas stations, restaurants, etc.).
- Receive unlimited 1% cash back on all other purchases you make.
- Any amount of cash back can be redeemed any time.
- Rewards do not expire as long as your account remains open.
Even though we have listed this credit card from Discover It in this list of the best balance transfer credit cards, it could equally be presented on the page of the best cash back credit cards. And the reason for that is that this credit card offers a marvelous combination of extremely generous rewards and a perfect solution for debt relief.
In terms of debt relief, this credit card offers a 18-month long intro APR period on balance transfers, which must be long enough to pay off your debts. Besides, the balance transfer fee is quite low and stands only at $3. It is also noteworthy that the Discover It Balance Transfer Credit Card comes with a fairly temperate interest rate, which can be as low as 13.99%.
On the other hand, this credit card is an eldorado of rewards. You receive 5% cash back on rotating quarterly categories, which include wholesale clubs, groceries, gas stations, restaurants, and Amazon.com. There is a limitation on these categories every quarter. Additionally, you will receive unlimited amounts of 1% cash back on all purchases.
But the most important thing is that this credit card from Discover also offers an intro bonus: Discover It will double the rewards you have received at the end of the year. That means that while you will be able to save money on not paying the interest rate for up to 18 months, you will also enjoy extremely generous rewards! While the cash back on all purchases during the first year will be equal 2%, category purchases will come with a 10% cash back rate! That’s something unheard-of!
The credit card also features a 0% intro APR period on purchases, which will last the first 6 months. But as this review has shown, this credit card is among the best Discover balance transfer options. It not only provides the customers with an opportunity of a long-term zero APR period, but also offers a rate of cash back rewards that can barely be matched by the majority of credit cards.
U.S. Bank Visa Platinum Card: Long-Term Zero APR for Excellent Credit
Annual fee: $0.
Purchase APR: from 11.99% to 23.99%.
Balance transfer APR: from 11.99% to 23.99%.
Balance transfer fee: $5 or 3% (whichever is greater).
Recommended credit score: from 720 to 850.
Most suitable for: customers with an excellent credit seeking debt relief.
- 0% intro APR period on purchases and balance transfers during the first 20 months.
- Flexibility to choose a due date for payments.
- Cell phone protection.
- Fraud protection: notifications about unusual activities and zero fraud liability.
U.S. Bank Visa Platinum Credit Card may be a good choice for customers seeking debt relief. There are two reasons for that: one of the longest zero APR periods on balance transfers a fairly low APR. At the same time, only the customers with an excellent credit score are eligible to apply for this credit card.
Let’s start with the basics of this credit card. In the first place, the card comes without an annual fee – that is rather natural, given its obvious lack of rewards. U.S. Bank Visa Platinum offers a 20-month long intro APR period on balance transfers and purchases – one of the longest 0% APR periods so far. Keep in mind that you will not be charged an interest rate only if you complete a transfer within the first 60 days.
Apart from the long APR period, this credit card from U.S. Bank offers rather complimentary features for its balance transfer purpose. For instance, you will get flexibility to choose a due date for your payments – this might be really convenient. Other features include zero fraud liability and cell phone protection of up to $600 if you pay your cellular bills with this card.
To sum up, this U.S. Bank credit card comes without outstanding features. Yet, it must be enough for you to pay off your debts, whereas it offers a long APR period and a low interest rate.
Wells Fargo Platinum Visa Card: Long-Term Zero APR Without an Annual Fee
Annual fee: $0.
Purchase APR: from 17.49% to 26.99%.
Balance transfer APR: from 17.49% to 26.99%.
Balance transfer fee: $5 or 3% (whichever is greater).
Recommended credit score: from 690 to 850.
Most suitable for: customers seeking long-term debt relief.
- 0% intro APR period on purchases and balance transfers during the first 18 months.
- Cell phone protection of up to $600.
- Zero fraud liability.
This Wells Fargo balance transfer offer is good enough for making a balance transfer and paying off your debts within 18 months – that is quite a long APR period. This credit card barely has any other worthwhile features (just in a same way like the previous U.S. Bank card). But unlike the previous card, Wells Fargo Platinum Visa can be obtained by the users with good credit as well.
Let’s look into this Wells Fargo balance transfer offer in details. First of all, this credit card comes without an annual fee and with a pretty sensible balance transfer fee of $3. Secondly, it offers a pretty long intro APR period of 18 months. However, you must complete a balance transfer within the first 120 days. Otherwise, the intro APR period will not work for you.
Apart from the relatively long APR period, Wells Fargo offers its standard perks with this credit card. That means that if you pay your bills with this Wells Fargo Platinum Visa Card, you will receive a cell phone protection against theft or damage of up to $600. Additionally, you are not responsible for unauthorized transactions.
All in all, this credit card would be good for a balance transfer. But if you have a good or even excellent credit score, it would be better to skip this Wells Fargo balance transfer offer. You may find far better alternatives in this article.
HSBC Gold MasterCard Credit Card: Low Interest Credit Card With a Long Intro APR Period
Annual fee: $0.
Purchase APR: 12.74%, 16.74%, or 20.74%.
Balance transfer APR: 12.74%, 16.74%, or 20.74%.
Balance transfer fee: $10 or 4% (whichever is greater).
Recommended credit score: from 690 to 850.
Most suitable for: customers seeking a credit card with low interest and a long intro APR period for debt relief.
- 0% intro APR period on purchases and balance transfers during the first 18 months.
- Late fee waiver.
- No foreign transaction fees.
- No penalty APR.
- Zero fraud liability.
This credit card from HSBC could have been an ideal choice for balance transfers if there has been no balance transfer fee. However, HSBC Gold MasterCard tends to be among the best balance transfer credit cards in either case. There are pretty strong features, which tailor this credit card towards the balance transfer making.
In the first place, one has to mention that this credit card comes with a 18-month long intro APR period – that’s a pretty decent offer. But in case of making a balance transfer, you will pay the balance transfer fee of 4%. If you were to make a balance transfer worth $5,000, you would have to pay a balance transfer fee of $200. Obviously, you can find better options in terms of balance transfer fees.
But there are many features that help this card to beat its competitors. The HSBC Gold MasterCard doesn’t have penalty APR and comes with a late fee waiver. Additionally, there is no foreign transaction fee, which makes using this card abroad convenient. After all, it is worth to point out the pretty temperate interest rate, which can be as low as 12.74%.
Even though this credit card may seem as a good option for balance transfers, there are things to keep in mind. If you want to repay a loan or another credit card from HSBC Bank, you won’t be allowed to make a balance transfer. But generally, this credit card definitely deserves to be included in the list of the best balance transfer credit cards.
Barclaycard Ring MasterCard: Low Balance Transfer Fee
Annual fee: $0.
Purchase APR: 13.99% variable.
Balance transfer APR: 13.99% variable.
Balance transfer fee: $5 or 2% (whichever is greater) within 45 days after opening an account, $0 thereafter.
Recommended credit score: from 690 to 850.
Most suitable for: customers looking for a credit card with a low balance transfer fee.
- 0% intro APR period on balance transfers made in the first 45 days for the first 15 months.
- No foreign transaction fees.
- International Chip and PIN.
This Barclaycard balance transfer option is actually very simple and straightforward. The given credit card doesn’t offer any special rewards or perks, yet there are some pretty solid reasons to apply for it. Let’s review this card in detail.
Overall, Barclaycard Ring MasterCard offers a 0% intro APR period on balance transfers during the first 15 months. Keep in mind, however, that you must complete a balance transfer within the first 45 days. Otherwise, you will have to pay the interest rate and won’t be able to enjoy the intro APR period.
What’s really noteworthy about this Barclaycard balance transfer option is the low fee – it stands just at 2%. You can avoid it all by making your balance transfer after 45 days, but you will be far worse off in such a case. Even though the interest rate of Barclaycard Ring MasterCard tends to be rather low, you should definitely pursue the intro APR period and save a great deal of the money on the interest rate.
After all, the card also has some additional features, such as no foreign transaction fees and the international PIN and Chip. But to sum up this review, one can say that this option of Barclaycard balance transfer allows you to save a lot on the interest rate and pay a very slight fee of 2% – it tends to be the lowest fee on the market (except of the no-fee cards).
PNC Core Visa Credit Card: Low Interest and Zero APR for 15 months
Annual fee: $0.
Purchase APR: from 11.24% to 21.24%.
Balance transfer APR: from 11.24% to 21.24%.
Balance transfer fee: $5 or 3% (whichever is greater) during the first 90 days; $5 or 4% thereafter.
Recommended credit score: from 690 to 850.
Most suitable for: customers seeking long-term zero APR and a low interest rate.
- 0% intro APR period on purchases and balance transfers during the first 15 months.
- Dedicated customer service in the United States.
- Zero fraud liability.
- Automatic travel & emergency protection.
Even though this PNC credit card does require a high credit score, it cannot offer many noteworthy features. This balance transfer credit card only offers a long intro APR period and a pretty modest interest rate. Yet, you can definitely get this card if you are already a customer of PNC Bank.
So, the most important thing this credit card offers is the 15-month long intro APR period on balance transfer. Actually, that is considered to be a pretty average intro APR period – U.S. Bank Visa Platinum, for example, offers a 20-month long intro APR period. Yet, you also can enjoy the 11.24% interest rate after you pay off the transferred balance.
Apart from that, there are very few things to mention about this credit card. For instance, you can take advantage of the dedicated customer service in the U.S. Likewise, there are the zero fraud liability and automatic travel & emergency protection features. However, PNC Bank provides those features with any its credit card. So, one or another, this is a very simple balance transfer credit card without extraordinary features.
Credit Cards With No Balance Transfer Fee
There are plenty of balance transfer credit cards with no balance transfer fee. Many of those cards, however, will charge you interest on your debt, which rarely makes balance transfers worthwhile. At this point, we will disclose only those credit cards that combine no balance transfer fees and an intro APR period.
BankAmericard Credit Card: Combines No Balance Transfer Fee and Zero APR
Annual fee: $0.
Purchase APR: from 14.74% to 24.74%.
Balance transfer APR: from 14.74% to 24.74%.
Balance transfer fee: no balance transfer free during the first 60 days, $10 or 3% (whichever is greater) after the first 60 days.
Recommended credit score: from 690 to 850.
Most suitable for:
- 0% intro APR period on purchases during the first 15 months.
- 0% intro APR period on balance transfers completed within the first 60 days during the first 15 months.
- $0 balance transfer fee on balance transfers completed during the first 60 days.
- No penalty APR.
As a matter of fact, this is the best Bank of America balance transfer option. This credit card from BoA would perfectly suit anyone who needs to make a balance transfer, offering a long intro APR period and zero balance transfer fee. However, there is not much use of this card otherwise.
So, this credit card from Bank of America offers a 0% intro APR period on balance transfers during the first 15 months. Keep in mind that the balance transfers must be completed within the first 60 days. Otherwise, you will have to pay the interest rate. Besides, you will not pay a balance transfer fee ($10 or 3%) if you succeed to make a transfer within that time framework.
Apart from that, this BoA card offers a 15-month long intro APR period on purchases. However, you won’t be able to take advantage of it if you make a balance transfer. Another advantage of the card is that it doesn’t have penalty APR.
To sum up, this is a decent option (and, actually, the best one) of Bank of America balance transfer. If you are seeking to make a balance transfer without paying anything, this card is definitely a perfect option.
The AmEx EveryDay Credit Card from American Express: Best Balance Transfer Credit Card
Annual fee: $0.
Purchase APR: from 14.99% to 25.99%.
Balance transfer APR: from 14.99% to 25.99%.
Balance transfer fee: $0.
Recommended credit score: from 690 to 850.
Most suitable for: customers who are seeking a combination of a long-term intro APR period, zero balance transfer fee, and worthwhile rewards.
- 0% intro APR period on balance transfers completed within the first 60 days during the first 15 months.
- 0% intro APR period on purchases during the first 15 months.
- 2x points for every $1 spent in U.S. supermarkets for up to $6,000 in a year.
- 1 point for every $1 spent on everything else.
- Extra 20% extra points for a billing period after making 20 or more purchases with your credit card.
- Zero fraud liability.
When it comes to balance transfer credit cards, American Express is able to offer the best credit card out there for that purpose. This is not just an option of AmEx balance transfer, but a card that combines a huge number of awards. There is barely anything better that can beat this card.
In the first place, you will get a 0% intro APR period on balance transfers during the first 15 months – this is considered as an average period, but must be enough to pay off your debts. Bear in mind that you must complete the transfer within the first 60 days! There is also no balance transfer fee, which means that you will complete a balance transfer free of charge.
Apart from that, you will also enjoy a 0% intro APR period during the first 15 months. But what’s more important is the abundance of cash back rewards, as for a balance transfer credit card. So, you will receive 2x points for every $1 spent in U.S. supermarkets of up to $6,000 a year. Additionally, you will receive 1 point for every $1 spent on anything else. Besides, use your credit card more than 20 times a year and get extra 20% of the annual amount of points.
There are plenty of ways how you can redeem those points. The easiest way is to redeem them towards Uber fares, booking flights, or gift cards. In such a case, each point is worth $0.01. That leaves you with a rewards rate that varies from 1% to 2.4%. There is a way to redeem the points towards and get transfer points, which will result in getting a higher value. However, that requires thoughtful planning and consideration.
To sum up, this is not just an AmEx balance transfer option. Deservedly, this is the best balance transfer credit cards on the market. If you can afford to get it, grab it right now.
Navy Federal Platinum Card: The Lowest APR and Zero Balance Transfer Fee
Annual fee: $0.
Purchase APR: from 7.74% to 18%.
Balance transfer APR: from 7.74% to 18%.
Balance transfer fee: $0.
Recommended credit score: from 690 to 850.
Most suitable for: customers seeking a credit card with the lowest APR and no balance transfer fee.
- 0% intro APR period on balance transfers during the first 12 months.
- $0 balance transfer fee.
- $0 foreign transaction fee.
This is a credit card that features the lowest APR out on the market. And overall, the card is very simple and straightforward. Getting this credit card is the easiest way to make a Navy Federal balance transfer.
First and foremost, one should stress that this Navy Federal credit card has the lowest interest rate on the market, which can be as low as 7.74%. This Navy Federal balance transfer option allows you to transfer a balance for up to 12 months, which is considered rather a short intro APR period. Yet, it also does not charge a balance transfer fee, so you will transfer your balance for free.
Apart from that, the only notable feature of this credit card is the $0 foreign transaction fee, which makes this card pretty usable abroad. But overall, there is only one purpose of this credit card: use it for borrowing or paying off your debts. One should definitely say that this is one of the best options on the market.
Union Bank Visa Credit Card: Simple and Free Balance Transfer
Annual fee: $0.
Purchase APR: from 10.24% to 21.74%.
Balance transfer APR: from 10.24% to 21.74%.
Balance transfer fee: $0 for the balance transfers completed within the first 60 days; $10 or 3% (whichever is greater) thereafter.
Recommended credit score: from 690 to 850.
Most suitable for: customers seeking debt relief and who want not to pay for the balance transfer at all.
- 0% intro APR period on purchases and balance transfers during the first 15 months.
- 3% foreign transaction fee.
Union Bank Visa Card does not offer that many rewards or features. As a matter of fact, there is only one reason why you should consider applying for this credit card: paying off your debt. And in that regard, this credit card does pretty well.
So, this credit card offers a 15-month long APR period on balance transfers and purchases. If you make a balance transfer, however, you will not be able to use the intro APR period purchases. If you complete a balance transfer within the first 60 days, you will not be charged a balance transfer fee.
The Union Bank card also comes with a relatively decent interest rate, which may be as low as 10.24%. That’s nothing to compare with what Navy Federal offers, but not bad anyway. The card, however, cannot be advised to be used abroad with its 3% foreign transaction fee. In a result, one may sum up that you will get a strong credit card for paying off your debts.
Easy Approval Balance Transfer Credit Cards
Actually, we have got only one actual easy approval credit card for balance transfers. That’s going about Chase Slate Card, which tends to require a lower score than all of the cards listed above. Despite that fact, the card tends to be a perfect solution for a balance transfer: it combines a zero balance transfer fee and a long intro APR period.
Chase Bank Slate Credit Card: Transfer a Balance for Free Within 60 Days
Annual fee: $0.
Purchase APR: from 16.74% to 25.49%.
Balance transfer APR: from 16.74% to 25.49%.
Balance transfer fee: $0 for the balance transfers completed during the first 60 days; $5 or 5% (whichever is greater) thereafter.
Recommended credit score: from 650 to 850.
Most suitable for: customers with fair credit seeking to transfer a balance for free.
- 0% intro APR period on purchases and balance transfers during the first 15 months.
- $0 balance transfer fee during the first 60 days.
- No penalty APR.
Even though Chase Slate is considered to be a strong balance transfer credit card, there have been many instances when it has been rewarded to the users with fair credit score. That means that this credit card is far more accessible than the options listed above. Let’s consider this Chase balance transfer option in detail.
The first thing one has to mention is that this credit card comes with an intro APR period on balance transfers and purchases during the first 15 months. That’s a pretty decent offer. But what’s important is that you can make a balance transfer without incurring a fee. For that, you must complete the balance transfer within the first 60 days.
After all, this card also comes without the penalty APR, as well as you will get a FICO score for free. These are all the features of the Chase Slate Card, but one may claim for sure that this is a card great enough for making balance transfers.
Balance Transfer Cards for Poor Credit
At this point of our review, we will disclose a couple of credit cards for poor credit. And even though those credit cards may be good enough for harvesting rewards or rebuilding your credit, you are unlikely to find them useful for making balance transfers.
Discover It Secured Credit Card: Cash Back Rewards for Low Credit
Annual fee: $0.
Purchase APR: 24.99% variable.
Balance transfer APR: 24.99% variable.
Balance transfer fee: $5 or 3% (whichever is greater).
Recommended credit score: from 350 to 629.
Most suitable for: customers with poor credit.
- The credit card requires a refundable security deposit of at least $200 – it will serve as your credit line.
- Discover will start reviewing your account after 8 months and see whether you can upgrade to an unsecured credit card.
- Receive 2% cash back on purchases at gas stations and restaurants of up to $1,000 in a quarter.
- Receive 1% cash back on all other purchases.
- Intro offer: Discover It will double all the cash back you have earned during the first year at the end of the period.
If you have a low credit score, this secured credit card from Discover might be an option for you. But there are barely any reasons to get this card, considering that it comes without an intro APR period and with a balance transfer fee. The only thing that may explain such a decision may be cash back, which will help you to get at least something in exchange.
So, the credit line of this card is equal to your security deposit. The card does not offer 0% intro APR period on anything. Additionally, the credit card comes with a balance transfer fee of 3%. The interest rate on this credit card is also high and reaches almost 25%. All this makes this card a barely viable Discover balance transfer option.
With this credit card, you will get an opportunity to rebuild your credit card. Additionally, you will receive 2% cash back on purchases at restaurants and gas stations (for up to $1,000 per quarter) and 1% cash back on all other purchases. At the end of the year, Discover will double the cash back bonus you have earned.
All in all, this is a decent credit card for poor credit overall. However, don’t expect to make a Discover balance transfer with this credit card. It is a decent option for rebuilding your credit, but you should not make a balance transfer to it – you will only lose more.
OpenSky Secured Visa Credit Card: No Balance Transfer and Modest APR for Low Credit
Annual fee: $35.
Purchase APR: 17.64% variable.
Balance transfer APR: 17.64% variable.
Balance transfer fee: $0.
Recommended credit score: from 350 to 689.
Most suitable for: customers with poor credit who want to transfer a balance without paying a balance transfer fee.
- Credit line can be anywhere from $200 to $3,000, depending on your security deposit.
- No credit history is required for applying.
- No credit check necessary.
- Reports to all three major credit bureaus.
- Provides financial education on the company’s website.
OpenSky Secured Visa is a credit card that is perfectly suitable for customers with poor credit. Unlike the previous credit card from Discover, one may consider using this credit card for making balance transfers.
So, the OpenSky Secured Visa Card comes with an annual fee of $35. The APR of this card stands at 17.64%, which might be much lower than the 26+% that the users with poor credit usually have to bear. Additionally, there is no balance transfer fee. The problem of this card, however, is that it is a secured card. Therefore, you should better pay off your debt to your current bank right now instead of making a balance transfer.
In regards to everything else, this credit card is a perfect solution for rebuilding your credit. You will get a credit line equal to your security deposit, as well as you don’t need a credit history in order to apply for this credit card. After all, the bank reports to all three major credit bureaus, which facilitates rebuilding credit.
And while this credit card is such a good solution to rebuild credit, it barely makes it good for a balance transfer. There is a clear disadvantage of this credit card, and it is an obvious one: it tends to be a secured credit card.
Besides, you are always able to check the best cash back credit cards on our website.
