No, there are no Credit One balance transfer options at this time. Credit One Bank currently offers 3 credit cards, and none of them allow balance transfers. But even if they did, Credit One credit cards have APRs ranging from 17.99% to 23.99% (V), which likely wouldn’t save you much interest on a transferred debt. For a balance transfer to be worth the trouble, you’ll need to find a card with low enough rates and fees for you to pay off your balance at a lower cost, compared to your current situation.
The Credit One Cash Back Rewards card requires at least fair credit for approval. The other two cards—the Credit One Platinum Visa card and the Credit One Official NASCAR card—are for people with bad credit. All three are unsecured credit cards, which is somewhat unique for the bad credit category and makes them an option for people who need an emergency loan. That said, all three Credit One cards have initial credit limits of only $300, paired with an annual fee of up to $99, depending on your credit standing. So they aren’t great loans.
If you have bad credit and are looking to transfer a balance, you’re likely out of luck until your credit standing improves. Unsecured credit cards for bad credit have low limits and high fees, and won’t allow balance transfers. Some secured credit cards do. But if you had the money for a secured credit card deposit (or the costly fees associated with unsecured cards for bad credit), you might as well just pay down your debt directly.
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