While balance transfer credit cards for bad credit would, in theory, allow you to lower the cost of your currently held debt by providing low introductory interest rates on transferred balances, there is not a single issuer that offers attractive balance transfer credit cards to people with bad credit. The reason for this is that most credit cards for people with bad credit are either fully secured or have very small unsecured credit lines, since issuers want these people to prove themselves before taking on a significant amount of their debt. The cards listed below (some of which are issued by WalletHub advertising partners) therefore reflect all other types of cards available to people with damaged credit history. We recommend opting for asecured card, paying its bill on time every single month and routinely adding to your security deposit in order to expedite your credit building efforts. Eventually you will reach good credit, which is wherebalance transfer credit card offersstart getting interesting.…show moreshow less
Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Plus, 1% cash back on all your other purchases.
Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
New! We’ll monitor your Social Security Number. Get an alert if we find your Social Security Number on any of thousands of risky websites.* Activate for FREE.
No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
Your Secured Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line. You will need to provide your bank information when submitting your security deposit.
We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
People with bad credit may have the most need for a decent balance transfer credit card, yet they also have the toughest time getting approved for one. And since the alternatives aren't too pretty, we turned to a panel of debt experts for tips. Below, you can find their bios and responses to the following question about how to pull off a bad-credit balance transfer. Hopefully, this advice will help put you back on the path to Top WalletFitness.
What should people keep an eye out for when looking for a balance transfer credit card for bad credit?
Ruth H. Lytton Director of the CFP Board-Registered Financial Planning Program and Professor of Financial Planning at Virginia Tech Read More
MaryAnn P. Monforte Professor of Accounting Practice and Delta Sigma Pi Faculty Advisor in the Martin J. Whitman School of Management at Syracuse University Read More
Carlo Silvesti Assistant Professor of Accounting in the School of Business at Gwynedd Mercy University
I have bad credit and I want to put all my debt onto one card to save money. Are there any cards for me?
Unfortunately, there are no balance transfer credit cards available to people with bad credit. The best approach is to improve your credit with a secured card and then do a balance transfer when it’s good enough for you to qualify for a decent offer.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
† Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended.
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