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[Update: Approved] Best Card for Balance Transfer?

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bennew111
Valued Member

[Update: Approved] Best Card for Balance Transfer?

I am trying to find the best card for a balance transfer. I am looking for a high SL and the cheapest balance transfer i.e. 0 balance transfer fee and 0% APR length of time. I keep seeing the Discover It mentioned and the Amex EveryDay card. I notice that the Discover card has a 3% BT fee and that the Amex EverDay card has no BT fee yet it does not seem to even get ranked when I look up best BT cards. Any advice on what card is best(does not have to be those two) and most likely to get approved? I recently got approved for a Capital One Venture card for $8K. I took a cash advance and now wish to to transfer the balance. Thanks!
Message 1 of 15
14 REPLIES 14
kerplunk
Frequent Contributor

Re: Best Card for Balance Transfer?

These may be of value to you:

 

American Express EveryDay
Bank of American BankAmericard
U.S. Bank Platinum Visa

Message 2 of 15
Kevin5974
Frequent Contributor

Re: Best Card for Balance Transfer?

Citi had one for 21 months. I think it was the diamond preferred card. Haven't applied for it myself.

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Current Score: 649
Goal Score: 690


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Message 3 of 15
Gokuva
Regular Contributor

Re: Best Card for Balance Transfer?

Usually when people are asking for a BT card it's because they have a high utilization resulting in less than stellar scores. The DiscoverIT is a card that you can get approved for a higher limit than some of the other BT options if your score is hovering around 700 (or lower). Another positive to the DiscoverIT is that it isn't a dead card once the 0% APR expires like most other options. I bolded "can" because people have reported wildly different experiences while having similar scores. 

 

Are you looking to BT more than a couple thousand dollars? If so I'd stay clear of the Citi Diamond Preferred or Chase Slate unless you have higher scores, and even then I've seen low SL on these cards with pretty good scores. I would suspect with only a 7k approval on the Cap1 Venture you may be dissapointed with those two cards. 

 

Do you have a relationship with Discover or AMEX? If so I'd maybe pursue those options.

 

If you're fine with a dead card after the 0% period I would echo the poster above and suggest the BoA BankAmericard. It seems to give starting limits with enough room, and has the perk of having 0% BT fees/15 months of 0% APR.

 

Also just a quick reminder if you aren't aware - you're unable to balance transfer any money from your Cap1 Venture to another Cap1 card that has a 0% ARP offer (like the QS or VentureOne). 

 

Good luck, and keep us updated on how everything turns out! Cat Happy

 



Message 4 of 15
Anonymous
Not applicable

Re: Best Card for Balance Transfer?

Navy Fed Platinum has no BT fees, 0% Apr for 12 months and are known to give high limits. If you need more than 12 months i suggest looking at Citi or Discover.
Message 5 of 15
bennew111
Valued Member

Re: Best Card for Balance Transfer?

I have never had any military affiliation. Is there any way I could qualify for an NFCU card?
Message 6 of 15
Gokuva
Regular Contributor

Re: Best Card for Balance Transfer?


@bennew111 wrote:
I have never had any military affiliation. Is there any way I could qualify for an NFCU card?

Did any grandparents or parents serve? If not - I don't believe so. There was a way to get in by joining a navy league, but that backdoor entry has closed.



Message 7 of 15
bennew111
Valued Member

Re: Best Card for Balance Transfer?

No but thanks for answering
Message 8 of 15
bennew111
Valued Member

Re: Best Card for Balance Transfer?

thank you

Message 9 of 15
bennew111
Valued Member

Re: Best Card for Balance Transfer?

thank you ver y much and i will keep you posted. i have much to learn.

Message 10 of 15
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