John S Kiernan, Managing Editor
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You can get a balance transfer card with a 650 credit score, but your options are limited given that 650 is in the fair credit range and almost all balance transfer cards require a good or excellent credit score to qualify. Most of the cards currently available to someone with a 650 score are from local credit unions. For example, the KeyPoint Credit Union Visa Classic Credit Card offers an introductory APR of 0% for 16 months on balance transfers.
If you happen to be a student, you may also be able to qualify for the BankAmericard® credit card for Students with a 650 credit score. It has an introductory APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days on balance transfers.
Balance Transfer Cards for a 650 Credit Score
| Credit Card | Intro APR on Balance Transfers | Regular APR | Transfer Fee | Eligibility |
| 0% for 16 months | 19.99% - 21.99% (V) | 4% | Credit union members – mainly open to people in certain parts of CA | |
| 0% for 18 billing cycles for any balance transfers made in the first 60 days | 14.49% - 24.49% Variable | 3% for 60 days from account opening, then 4% | Students |
It’s not a good idea to apply for a balance transfer card that requires good credit when you have a 650 credit score, as your chances of approval will be very low. Instead, it would be better to wait a few months and improve your credit until you can qualify.
It’s also worth noting that most credit cards allow you to do balance transfers to them, but this is generally not worthwhile without an introductory 0% APR. However, if you have extremely high-interest debt and your new credit card’s APR is significantly lower, you can still save money by doing a balance transfer. You can estimate how much you’d save with a balance transfer by using WalletHub’s balance transfer calculator.
Popular Balance Transfer Credit Cards from Our Partners
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0% for 21 Months from Account Opening
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People also ask
Do balance transfers hurt your credit?
Yes, balance transfers do hurt your credit when you open a new credit card account to do the transfer. Applying for a balance transfer credit card will generate a hard inquiry on your credit report, causing a slight dip in your credit score.
If you transfer a balance to an existing credit card account, however, there is no hard inquiry and no credit score damage. A balance transfer could still result in high credit utilization, though, and allow you...
read full answer by WalletHub, Financial CompanyWhat is the easiest balance transfer credit card to get?
The easiest balance transfer credit card to get approved for is the KeyPoint Credit Union Visa Classic Credit Card because you only need limited credit to qualify. The KeyPoint Classic Credit Card also offers an introductory balance transfer APR of 0% for 16 months.
The card has a regular APR of 19.99% - 21.99% (V) and a transfer fee of 4%. Anyone can become a member of the credit union by joining the Financial Fitness Association for free.
Easy approval balance transfer credit cards typically don’t measure up...
read full answer by Lisa Cahill, Credit Cards ModeratorWhat is the minimum credit score for a credit card?
The minimum credit score for most credit cards is 640-700+, but you can get some cards with bad credit or no credit score at all. Some credit card companies won’t even check your credit history when you apply, making it easy to get approved as long as you have enough income to afford the monthly bill payments.
But there is a difference between getting approved for a credit card in general and getting one...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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