One of the best balance transfer credit cards for fair credit is the Ollo Platinum Mastercard because it offers an intro APR of Not Offered on balance transfers and has a $0 annual fee. The balance transfer fee is 4% (minimum $5). The Ollo Platinum Card also gives Not Offered on purchases. Plus, you don’t need to be eligible for a certain credit union to qualify for this balance transfer credit card for fair credit.
If you have fair credit, or average credit, you probably have a credit score between 640 and 699. So you -probably won’t qualify for any of the best balance transfer cards on the market. Those are reserved for people with good credit. With fair credit, you’re more likely to end up with a high interest rate, high transfer fee and low credit limit. But if a balance transfer is a priority, there are a few cards to choose from.
Here are the best balance transfer cards for fair credit:
Ollo Platinum Mastercard: $0 annual fee. Not Offered on balance transfers (4% fee) and Not Offered on purchases. regular APR.
Aspire Federal Credit Union Platinum Mastercard: $0 annual fee. 0% for 12 months on balance transfers (2% fee) and 0% for 6 months on purchases. regular APR.
UNITY Visa Secured Credit Card: $39 annual fee. Introductory 9.95% APR for 6 months on balance transfers (3% fee). 17.99% fixed APR. $250 minimum deposit.
Aspire Federal Credit Union membership is open to anyone who joins the American Consumer Council ($8 for a year membership, $15 for lifetime). Employees and family members from a host of partner organizations throughout the northeastern U.S. are also eligible for free membership. Call Aspire customer service at 1 (732) 388-0477 to check if an employer or group is included.
Secured credit cards are not good balance transfer cards for people with fair credit because they don’t let you transfer more than the amount of your refundable security deposit. If you have the money for the deposit, you can just pay off your debt directly and save yourself the 3% to 5% transfer fee.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.