Frankie Solomon, WalletHub Analyst
@frankie.solo
One of the best low interest credit cards for debt consolidation is the Wells Fargo Reflect℠ Card because it has an intro APR of 0% for up to 21 months from account opening on qualifying balance transfers. The card’s regular APR is 13.74% - 25.74% Variable. There is also a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5). The card’s intro APR period gives you a great deal of time to transfer all of your debt and pay it down with no interest. Wells Fargo Reflect has a starting limit of $1,000, but it could be higher depending on your credit standing. This card has a $0 annual fee.
Best Low Interest Credit Cards for Consolidation
The Wells Fargo Reflect℠ Card has an intro APR of 0% for up to 21 months from account opening on qualifying balance transfers and purchases. The card’s regular APR is 13.74% - 25.74% Variable. There is also a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5). Wells Fargo Reflect has a $0 annual fee. This card requires at least good credit.
The Citi® Diamond Preferred® Card offers an intro APR of 0% for 21 months on balance transfers and 0% for 12 months on purchases. The card’s regular APR is 14.49% - 24.49% (V). There is also a balance transfer fee: 5% (min $5). Citi Diamond Preferred has a $0 annual fee. This credit card requires at least good credit.
The U.S. Bank Visa® Platinum Card has an intro APR of 0% for 20 billing cycles on both balance transfers and purchases. After that, the regular APR kicks in at 15.24% - 25.24% (V). The card’s balance transfer fee is: 3% (min $5). U.S. Bank Platinum has a $0 annual fee. This card requires at least good credit.
The Union Bank® Platinum™ Credit Card offers an intro APR of 0% for 15 months on both balance transfers and purchases. The card’s regular APR is 8.74% - 20.24% (V). The card has a $0 balance transfer fee. The Union Bank® Platinum™ Credit Card has a $0 annual fee. The card requires excellent credit.
Balance transfer amounts can’t be greater than the card’s credit limit and some issuers might limit that even further. You also might not get approved for the full balance transfer limit you’re requesting.
When it comes to consolidating your debt with a balance transfer card, you want to be sure you can pay off the combined balance before the 0% APR period ends. If you still have a balance remaining at that time, it will be subject to high interest rates that could send you right back to the debt situation you started in.

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