Top Credit Cards for Fair Credit Balance Transfers

If you’re carrying a balance on your credit card, transferring it to a card with a lower interest rate can help you save money on interest charges. However, if you have fair credit, finding a credit card that offers a good balance transfer deal can be a challenge. Many of the best balance transfer credit cards require excellent credit, leaving those with fair credit struggling to find a card that meets their needs. But don’t worry – there are still plenty of options out there. In this article, we’ll take a look at some of the best credit cards for balance transfers with fair credit, so you can make an informed decision about which one is right for you.

The Top 10 Credit Cards for Balance Transfers with Fair Credit

When it comes to balance transfers, having fair credit can make it difficult to find the right credit card that offers competitive rates and benefits. However, there are still some options that can help you consolidate your debt and pay it off faster. In this section, we’ll take a closer look at ten credit cards that are worth considering if you have fair credit and need to transfer your balance.

1. Citi Simplicity® Card – No Late Fees Ever

The Citi Simplicity® Card is a great choice for those who want a simple and straightforward balance transfer card. It offers a 0% intro APR for 18 months on balance transfers and purchases, and there are no late fees or penalty APRs. However, it does come with a 3% balance transfer fee.

2. BankAmericard® Credit Card

The BankAmericard® Credit Card is another good option for those with fair credit. It offers a 0% intro APR for 18 billing cycles on balance transfers, but there is a 3% balance transfer fee. There is also no annual fee, and you can manage your account online or through the mobile app.

3. Discover it® Balance Transfer

The Discover it® Balance Transfer card is an excellent choice if you want to earn cashback while paying off your balance. It offers a 0% intro APR for 18 months on balance transfers and purchases, and you will earn 5% cash back on categories that rotate every quarter. There is a 3% balance transfer fee.

4. Chase Slate®

The Chase Slate® card is known for its lack of balance transfer fees. That’s right – there is no balance transfer fee for the first 60 days after account opening. It also offers a 0% intro APR for 15 months on balance transfers and purchases.

5. Capital One® QuicksilverOne® Cash Rewards Credit Card

The Capital One® QuicksilverOne® Cash Rewards Credit Card is a good option if you want to earn cashback on your balance transfers. It offers a 0% intro APR for 9 months on balance transfers and purchases, and you will earn 1.5% cash back on all purchases. There is a 3% balance transfer fee and an annual fee of $39.

6. Wells Fargo Platinum card

The Wells Fargo Platinum card is a good balance transfer card for those who want a low-interest rate. It offers a 0% intro APR for 18 months on balance transfers and purchases, and after that, the variable APR will be 16.49% – 24.49%. There is a 3% balance transfer fee.

7. U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card is a great option for those who want a long introductory period for their balance transfers. It offers a 0% intro APR for 20 billing cycles on balance transfers and purchases, and there is a 3% balance transfer fee. There is no annual fee.

8. Barclays Ring® Mastercard®

The Barclays Ring® Mastercard® is a unique card that is entirely community-driven. It offers a 0% intro APR for 15 months on balance transfers and purchases, and there is no balance transfer fee. It also has no annual fee and offers access to the Ring Community, where you can connect with other cardholders and provide feedback on the card’s features.

9. First Progress Platinum Elite Mastercard® Secured Credit Card

If you have fair credit and need to build or rebuild your credit while also transferring a balance, the First Progress Platinum Elite Mastercard® Secured Credit Card may be a good option. It offers a 0% intro APR for the first 7 billing cycles on balance transfers and purchases, and there is a 3% balance transfer fee. This card is secured, which means you will need to make a security deposit to open the account.

10. Aspire Digital Platinum Mastercard®

The Aspire Digital Platinum Mastercard® is a good balance transfer card for those looking for a lower balance transfer fee. It offers a 0% intro APR for 6 months on balance transfers and purchases, and there is a 2% balance transfer fee. There is no annual fee, and you can manage your account easily online or through the mobile app.

In conclusion, if you have fair credit and need a balance transfer card, there are still many options available to you. Consider the features and benefits of each card carefully and make sure to read the fine print before applying. With the right card, you can consolidate your debt and pay it off faster.

Top 10 Credit Cards for Balance Transfers with Fair Credit

If you’re looking to transfer your credit card balance and have fair credit, you might assume that your options are limited. However, there are still plenty of great credit card options available to you. To help make your search easier, we’ve put together a list of the top 10 credit cards for balance transfers with fair credit.

1. Discover it® chrome for Students
This credit card is geared towards students, but it’s also a great option for someone with fair credit looking to transfer a balance. You’ll get 0% intro APR for 6 months on purchases and balance transfers, followed by a variable APR of 12.99%-21.99%.

2. Capital One QuicksilverOne Cash Rewards Credit Card
This card offers 0% intro APR on balance transfers for the first 15 months, with a variable APR of 26.99% thereafter. Additionally, you’ll earn 1.5% cash back on every purchase, every day.

3. Citi® Diamond Preferred® Card
The Citi Diamond Preferred Card offers a lengthy 0% intro APR period of 18 months on balance transfers (followed by a variable APR of 14.74%-24.74%), along with a range of other perks like VIP access to concerts and events.

4. Chase Slate®
Chase Slate is a great option for balance transfers, with a 0% intro APR period for the first 15 months (followed by a variable APR of 14.99%-23.74%). Plus, you won’t pay any balance transfer fees if you transfer a balance within the first 60 days.

5. Discover it® Balance Transfer
The Discover it Balance Transfer card offers a 0% intro APR period for the first 18 months on balance transfers (followed by a variable APR of 13.49%-24.49%), along with cash back rewards and no annual fee.

6. Bank of America® Cash Rewards credit card
While this card doesn’t have a 0% intro APR offer, it does offer a competitive 0% APR for 12 billing cycles on balance transfers made within the first 60 days of opening the account. Additionally, you’ll earn cash rewards on all your purchases.

7. U.S. Bank Visa® Platinum Card
This card offers a lengthy 0% intro APR period for 20 billing cycles on both purchases and balance transfers (followed by a variable APR of 14.49%-24.49%). Plus, there’s no annual fee.

8. Wells Fargo Platinum card
Wells Fargo Platinum offers a 0% intro APR period for the first 18 months on balance transfers (followed by a variable APR of 16.49%-24.49%), along with a range of other perks like cell phone protection.

9. American Express Cash Magnet® Card
The American Express Cash Magnet card offers a competitive 0% intro APR for 15 months on balance transfers (followed by a variable APR of 13.99%-23.99%). Additionally, you’ll earn cash back rewards on all your purchases.

10. U.S. Bank Visa® Real Rewards Card
This card offers a 0% intro APR period for the first 12 billing cycles on balance transfers (followed by a variable APR of 14.74%-25.74%), along with generous rewards and no annual fee.

Top 5 Credit Cards for Balance Transfers with Fair Credit

If you’re someone who’s looking to transfer your credit card balance to save money on interest charges, but you have only fair credit, there are still a few options available to you. While you may not qualify for all the cards with the best balance transfer offers, there are some credit cards that may be a good fit for your unique needs.

Here, we’ll list some of the best credit cards for balance transfers with fair credit so that you can make an informed decision about which card is right for you.

1. Discover it® Secured Credit Card

The Discover it® Secured Credit Card is an excellent option for those who have fair credit but still want to take advantage of balance transfers. This card offers an introductory rate of 10.99% APR for six months on balance transfers, which can help you save money.

The card also has no annual fee and offers cashback rewards on purchases, which can be a nice perk. Additionally, it has no foreign transaction fee, making it a great option for those who travel internationally.

Pros Cons
Introductory 0% APR for six months on balance transfers Secured card, requires security deposit
No annual fee No rewards program for balance transfers
Cashback rewards on purchases Low credit limit

2. Capital One QuicksilverOne Cash Rewards Credit Card

The Capital One QuicksilverOne Cash Rewards Credit Card is another great option for those with fair credit who want to transfer their credit card balances. It offers an introductory APR of 0% for 15 months on balance transfers, and has a reasonable annual fee of $39.

This card also offers good cashback rewards on purchases, making it a good fit for those who want to earn rewards while saving money on interest charges.

Pros Cons
Introductory 0% APR for 15 months on balance transfers Annual fee of $39
Unlimited 1.5% cashback on purchases No rewards program for balance transfers
No foreign transaction fees Requires fair credit or better for approval

3. BankAmericard® credit card

The BankAmericard® credit card is one of the best options for those with fair credit who want to transfer their credit card balances. It offers an introductory APR of 0% for 18 billing cycles on balance transfers, making it a great option for those who want to save money on interest charges.

Additionally, this card has no annual fee and no penalty APR, making it a safe and reliable choice for those who want to transfer their balances.

Pros Cons
Introductory 0% APR for 18 billing cycles on balance transfers No rewards program for balance transfers
No annual fee Balance transfer fee of 3% (minimum $10)
No penalty APR Requires good to excellent credit for approval

4. Chase Freedom Unlimited®

The Chase Freedom Unlimited® card is another great option if you have fair credit and want to transfer your balance. It offers an introductory APR of 0% for 15 months on balance transfers, and has no annual fee.

This card also offers good cashback rewards on purchases, making it a great choice for those who want to earn rewards while they save money on interest charges.

Pros Cons
Introductory 0% APR for 15 months on balance transfers 3% balance transfer fee (minimum $5)
No annual fee Requires fair credit or better for approval
Unlimited 1.5% cashback on purchases No rewards program for balance transfers

5. Citi® Diamond Preferred® Card

The Citi® Diamond Preferred® Card is another great option for those with fair credit who want to transfer their credit card balances. It offers an introductory APR of 0% for 18 months on balance transfers, which is one of the longest introductory periods available.

This card also has no annual fee and no penalty APR, making it a good choice for those who want to transfer their balances without worrying about extra fees.

Pros Cons
Introductory 0% APR for 18 months on balance transfers No rewards program for balance transfers
No annual fee Balance transfer fee of 3% (minimum $5)
No penalty APR Requires good to excellent credit for approval

In conclusion, if you have fair credit and want to transfer your credit card balances, there are some great options available to you. By reviewing these cards’ benefits, perks, and fees, you should be able to choose the one that’s right for you and help save you money on interest charges.

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Pros and Cons of the Best Balance Transfer Credit Cards for Fair Credit

If you have fair credit and are looking to transfer your current credit card debt to a new card with a lower interest rate, you may be wondering what the best options are for you. There are several credit cards on the market that offer balance transfer options, but it’s important to weigh the pros and cons of each before making a decision. Here are some things to consider:

Pros of Balance Transfer Credit Cards for Fair Credit

1. Lower Interest Rates: The biggest advantage of balance transfer credit cards is the lower interest rate they offer. Moving high-interest debt to a new card with a lower rate can save you money in the long run.

2. Consolidation: With a balance transfer card, you can consolidate all of your credit card debt into one account. This makes it easier to manage your debt and may also lead to fewer late payments.

3. Introductory Offers: Many balance transfer cards offer introductory periods with low or 0% interest rates for a certain amount of time. This can give you a much-needed break on interest charges and allow you to pay down your debt faster.

4. Rewards: Some balance transfer cards offer rewards programs, which can be a nice perk if you use your card for everyday expenses and pay off your balance in full each month.

5. Improved Credit Score: If you’re able to pay down your debt faster with a balance transfer card, it could improve your credit utilization ratio and ultimately improve your credit score.

Cons of Balance Transfer Credit Cards for Fair Credit

1. Limited Options: Unfortunately, there aren’t as many balance transfer cards available for those with fair credit as there are for those with excellent credit.

2. Transfer Fees: Most balance transfer cards charge a fee to move your debt over, usually between 3-5% of the balance transferred. While this fee may still be worth it in the long run, it’s important to factor it into your decision.

3. High Interest Rates After Introductory Period Ends: Keep in mind that after the introductory period ends, the interest rate on your balance transfer card may be higher than what you were paying before.

4. Impact on Credit Score: Applying for a new credit card can temporarily lower your credit score, so it’s important to be mindful of how many credit inquiries you’re making and what impact it may have.

5. Temptation to Spend: It’s important to remember that a balance transfer card should be used solely for the purpose of paying down debt. The temptation to rack up new debt on the card should be avoided.

Overall, if you have fair credit and are looking to transfer your credit card debt to a new card, weigh the pros and cons carefully before making a decision. A balance transfer card can be a useful tool for paying down debt faster, but it’s important to choose the card that best fits your financial situation.

Final Thoughts

Thanks for reading this article on the best credit card for balance transfers with fair credit. We hope that you found it helpful and informative. Remember, it’s important to choose a credit card that suits your individual needs and financial situation. If you have any questions or comments, feel free to leave them below. And don’t forget to check back here for more useful articles and tips on managing your finances. Thanks again for reading and bringing life to our platform!

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