Follow Us
0BalanceTransfer » Balance Transfer for Bad Credit

Balance Transfer Credit Cards for Bad Credit

An individual with a low credit score and a shaky credit history will find it impossible to get a 0% interest balance transfer offer. These days, even applications submitted by people with above average credit for balance transfer credit cards are finding themselves denied. However, it is possible to find credit cards that offer balance transfer at a lower-than-usual APR. They may have or may have not a promotional period.

Here are good balance transfer credit cards for bad credit history which are currently available. Our experts deem these credit cards fair and recommend them with confidence. Many of the other cards we reviewed claimed to be good options for people struggling with bad credit but were in fact loaded with an excessive amount of fees.

Required Credit History: Bad
Best Credit Cards from Credit-Land.com
Intro APR
on Bal. Tr.
Fee on
Bal. Tr.
Intro APR
on Purch.
Regular
APR
Annual
Fee
Save up to:  $484  with this card
Show card description

Balance Transfer Finder

Find
Credit Card

An easy way to find balance transfer offers and pick the one which fits your situation.

Common Balance Transfer Mistakes that Lead to Bad Credit

Most people think that applying for a balance transfer credit card is everything they need to get rid of the debt. They do not take into account some balance transfer nuances which may lead to owing even more then they were before. Here are a couple of tips that may help you avoid such situation:

  • Rushing your balance transfer application.
    You need adequate research every financial decision, especially when you are looking for a balance transfer offer for your bad credit. Keep in mind, not all credit agreements are based on common fairness. Some terms are structured to profit the bank at your expense, without giving you any real value.
  • Making only minimum payments.
    Although it leaves you more cash, if you only make the minimum payment you are prolonging your debt, which may actually be increasing because a minimum payment is often structured just to cover the interest on the loan. For example, a $2,000 dollars loan at 15% will take almost 15 years to repay with a minimum $50 dollars monthly payments. This takes so long, because largest part of your payment is applied to bank's interest first, which in turn derives from the principal amount of your loan. The formula is simple: the smaller principle amount means you pay less on interest. So it's in your best interest to pay more than the minimum payment.
BALANCE TRANSFER GUIDES: