7/3/2023 0 Comments Balance transfer credit cardWith this score, you probably won’t receive an interest-free window, but you might gain access to a lower APR than you’re currently paying. Consumers with poor credit - a credit score of 579 or below - can’t always qualify for the best 0 percent APR cards. While you may be able to qualify for a balance transfer card if you have poor credit, it’s important to set realistic expectations before applying for one. But before you transfer a balance, you should check your credit score and understand the potential downsides, as well as alternatives to consider. Many even come with a 0 percent introductory APR offer that can help you save money and pay down debt faster. If you have bad credit, you might want to consider alternatives like debt consolidation loans, finding a co-signer or taking the time to improve your creditĪlthough you might be able to qualify for a secured card that allows balance transfers, it might be better to put the money you'd use for a security deposit toward paying off your debt insteadĪ balance transfer credit card is a great tool for consolidating debt. The best balance transfer cards typically require good to excellent credit While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.Įditorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Our editorial team does not receive direct compensation from our advertisers.īankrate’s editorial team writes on behalf of YOU – the reader. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.īankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.Īt Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience.Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions.Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. At Bankrate, we have a mission to demystify the credit cards industry - regardless or where you are in your journey - and make it one you can navigate with confidence.
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