Do Balance Transfers Hurt Your Credit Score?

Learn how balance transfers affect your credit score, and the factors that determine whether a balance transfer hurts your credit score or not.

Do balance transfers hurt credit scores? | CNN Underscored Money

Explore how balance transfers might impact your credit score, both positively and negatively.

Do balance transfers hurt your credit scores?

Balance transfers do hurt your credit in the short term. Use credit carefully over time and your credit scores should rise again.

How Credit Card Balance Transfers Work

You can take advantage of promotional interest rates to transfer a credit card's balance to a new credit card. Balance transfers give you the opportunity to pay down debt.

How do balance transfers work?

How do balance transfers work? · What to consider before deciding on a balance transfer · How much can you transfer? · 5 tips for smart balance transfers

The best balance transfer credit cards (November 2024)

Chase Freedom Unlimited® ; Blue Cash Everyday® Card from American Express ; Blue Cash Preferred® Card from American Express

Best Balance Transfer Credit Cards of October 2024

Citi Simplicity® Card ; Annual Fee : $0, Regular APR : 18.74% – 29.49% Variable, Intro Bonus : N/A, Credit Score : Good – Excellent

Balance Transfer Credit Cards With No Balance Transfer Fee

Credit card, Balance transfer details ; Navy Federal Credit Union Platinum Credit Card*, 0.99 percent intro APR on balance transfers for 12 months (11.24 percent to 18 percent variable APR thereafter) ; DCU Visa Platinum Credit Card *, 13.75 to 18 percent variable APR ; Wings Visa Platinum Credit Card*, 0 percent intro APR on balance transfers for 12 months (13.40 to 18 percent variable APR thereafter)

Best balance transfer cards with 0% APR of November 2024

Citi Simplicity® Card ; Wells Fargo Reflect® Card ; Citi® Diamond Preferred® Card ; Discover it® Chrome ; Citi Double Cash® Card

Balance Transfers

Learn how balance transfers can help improve your credit.