Instant approval balance transfer credit cards |

Instant approval balance transfer credit cards

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Transfer your debt and save with instant approval cards.

A balance transfer credit card can help you save on interest, especially if you opt for a card that comes with a promotional balance transfer offer. While the actual transfer time varies from one credit card provider to the next, some credit card companies offer instant approval, making in quicker to transfer your debt and stop paying those high APRs.

Our choice for balance transfers with a quick application process

Blue Cash Preferred® Card from American Express

  • $200 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations. 1% cash back on other purchases.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • $95 annual fee.
  • Terms apply.
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See Rates & Fees

Compare instant approval balance transfer credit cards

Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
15.24% to 26.24% variable
0% for the first 12 months (then 15.24% to 26.24% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & Fees
15.24%, 19.24% or 25.24% variable
0% for the first 15 months (then 15.24%, 19.24% or 25.24% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
13.24%, 17.24% or 21.24% variable
0% for the first 18 months (then 13.24%, 17.24% or 21.24% variable)
An 18 months 0% intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
15.24%, 21.24% or 25.24% variable
0% for the first 15 months (then 15.24%, 21.24% or 25.24% variable)
Earn unlimited 1.5% cash back on every purchase, every day
17.24% to 25.99% variable
0% for the first 15 months (then 17.24% to 25.99% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
15.74% to 25.74% variable
0% for the first 18 months (then 15.74% to 25.74% variable)
Earn 1% cash back when you pay off your card, on top of the 1% cash back you earn when you make purchases. No annual fee.

Compare up to 4 providers

What is an instant balance transfer credit card?

Many credit cards offer instant approval to get your signed up and using their card within minutes after submitting your application. Credit cards with balance transfer offers charge little to no interest on transferred balances from 6 to 21 months, depending on the offer. Even when the offer doesn’t include a promotional rate, you might still benefit if the new card’s interest rate is noticeably lower than the debt you have.

What can I expect when applying?

You can expect things to move fast, and you could possibly miss looking at the full benefits and draw back of your card. Before going through the application process, check out the card’s terms and conditions. This is a table that every credit card company is required to have on its site, clearly stating fees, policies and information about APRs.

Once you fill out your application, provide the information about the banks and institutions for your transfer and hit submit, you can expect and instant approval or denial. If your approved, don’t expect the transfer to be instant. Transfers can take between 5 to 14 days to process.

What can I do to increase my chances of approval?

Make sure you meet all the eligibility requirements for the new card, and pay particular attention to its minimum income requirement. Have all the required documentation available to support your credit card application, and provide all relevant details of the accounts from which you wish to transfer balances.

How does my credit score affect instant approval?

Your credit score plays a significant part in the overall approval process. In fact, if you have a very high credit score, you’re most likely to be a candidate for instant approval. On the other hand, a lower credit score may prevent a credit card company from approving your application immediately or at all.

However, lenders look at many factors when they evaluate your application. Other factors, such as too many inquiries into your credit, late payments, having a high income-to-debt ratio are all part of the bigger picture. Your credit score is one piece of the puzzle when it comes to how lenders view their credit risk with you.
Compare balance transfer cards for good credit

Can apply for multiple cards?

Applying for multiple credit cards around the same time is never a good idea. Every time you apply for a credit card, it will do a hard pull on your credit. This temporarily lowers your score and reflects poorly on your credit history. Applying for multiple cards can also damage your financial health, if you’re one to be temped to spend more than you can afford to pay.

Are instant approval balance transfer credit cards right for me?

If you’re looking for a quick response, applying for an instant approval card can be the right choice. However, not all balance transfer cards offer instant approval so you could be limiting your choices. When trying to decide on the right card, take into account how quickly you can be approved, but also the length of the promotional period, purchase APR and revert APR.

How long until everything is finalized?

Even if you’re approved right away, transferring balances from your existing cards to the new card can sometimes take up to two weeks. This is to allow time for credit card companies to process your application.

What else should I consider when applying?

Before you apply for an instant approval balance transfer card, consider the following:

  • Is there a promotional offer?
    A number of credit cards come with promotional balances transfer offers, and some charge 0% interest or lower introductory rates. Don’t forget that these promotional periods expire between 6 and 21 months, after which any outstanding balance starts accumulating interest.
  • What is the revert rate?
    At the end of the promotional period, outstanding balances from transfers will usually start charging the revert or purchase rate. The purchase rate is usually determined when your application was approved and is often based on your credit.
  • How much can I transfer?
    Just how much you can transfer onto your new credit card depends on the card you get. While some cards allow you to transfer up to 80% of your card’s credit limit, others limit you to 50% of your card’s limit.

You can look forward to noticeable savings in a relatively short time by getting an instant approval balance transfer credit card. It’s best to compare a few before deciding which one to use as there are many options available.

Bottom Line

Transferring your balance to a new card with a lower APR or better terms can be a smart way to save money and lower your debt. However, while instant approval on your application might speed things along, the actual transfer time can vary. Though you’re approved and have provided information for your transfer, keep up to date on your payments until your transfer is complete.

Frequently asked questions

Jeremy Cabral

Jeremy is finder's Global Head of Publishing & Editorial. Jeremy has been with finder since the very beginning and is part of the founding team working closely with Fred and Frank to build into the comparison network it is today.

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