Best Instant Approval Balance Transfer Credit Cards in 2022: The Best Way to Consolidate Your Debt

If you’re looking for a way to consolidate your debt, you may want to consider an instant approval balance transfer credit card. These cards allow you to move your balances fro

m other high-interest credit cards to a new card with a lower interest rate. This can save you a lot of money in the long run, and it can help you get out of debt faster.

In this blog post, we will discuss the best instant approval balance transfer credit cards available right now. We’ll also give you some tips on how to use these cards effectively!


What are instant approval balance transfer credit cards, and how do they work?

Balance transfer instant approval credit cards are an enticing option for people looking to get a handle on their debt. balance transfer instant approval credit cards offer 0% APR for a set period, usually 15-21 months, on balance transfers.

That can save you a significant amount of money in interest charges if you’re carrying a balance on your credit card from month to month.

Balance transfer instant approval credit cards also tend to have low or no balance transfer fees, which is another plus.

The only downside is that balance transfer instant approval credit cards are typically only available to people with excellent credit.

So if you’re looking for a balance transfer credit card and you don’t have excellent credit, you might not be able to get one.

But if you do have excellent credit, a balance transfer instant approval credit card could be a great way to save money on interest and pay off your debt faster.

How They Work:

The way balance transfer instant approval credit cards work is simple.

You just apply for the card and, if you’re approved, you can transfer your balances from other high-interest credit cards to your new balance transfer instant approval credit card.

Once the balances are transferred, you’ll have a set period – usually 15-21 months – during which you’ll pay 0% APR on those balances.

This can save you a lot of money in interest charges, and it can help you get out of debt faster.

Read More: Best Balance Transfer Credit Cards with 0% Interest Rates


2. The benefits of using instant approval balance transfer credit cards

There are several benefits to using instant approval balance transfer credit cards. Here are some of the most notable benefits:

  • You can save a lot of money on interest charges. If you’re carrying a balance on your credit card from month to month, you’ll be charged interest on that balance.
  • With an instant approval balance transfer credit card, you can transfer your balances to a new card with a lower interest rate. This can save you a lot of money in the long run.
  • You can get out of debt faster. By consolidating your debt onto a balance transfer instant approval credit card, you can focus on paying off your debt instead of paying interest charges.
  • You can improve your credit score. As you use your instant approval balance transfer credit card and make on-time payments, you can improve your credit score. This can help you qualify for better rates in the future.

Best Instant Approval Balance Transfer Credit Cards
Best Instant Approval Balance Transfer Credit Cards

3. The best instant approval balance transfer credit cards available right now

If you’re looking for an instant approval balance transfer credit card, there are a few great options available right now. Here are our top four picks:

#1. Keypoint Credit Union Visa® Platinum

Keypoint Credit Union Visa® Platinum
Keypoint Credit Union Visa® Platinum

Keypoint Credit Union Visa ® Platinum Card is one of the best instant approval balance transfer credit cards in the market. It offers 0% on Balance Transfers for 16 months which is a great deal especially if you are looking to transfer your balances from high-interest rate credit cards.

In addition, it has no annual or foreign transaction fees which make it a great choice for those who travel frequently.

Moreover, Keypoint Credit Union Visa® Platinum Card has a very low rate for purchases, balance transfers, and cash advances which is another reason why it is one of the best balance transfer credit cards in the market.

Lastly, it does not have any hidden fees so you can be assured that you will not be surprised by any unexpected charges.

The Keypoint Credit Union Visa® Platinum Card has a few potential downsides to be aware of before you apply.

If you miss a payment or otherwise violate the terms of your agreement, you could be subject to a penalty APR of up to 24.99%.

Additionally, cash advance transactions will incur a flat fee of 18.99%. So unless you’re in a real emergency, it’s generally best to avoid taking out a cash advance with this card.

All things considered, the Keypoint Credit Union Visa® Platinum Card is a decent option for those with good credit. But be sure to understand the terms and conditions before you apply.

Advantage of Keypoint Credit Union Visa® Platinum:

  • 0% on Balance Transfers for 16 months
  • No annual or foreign transaction fees
  • Low rate for purchases and balance transfers
  • Qualify with limited or no credit history

The disadvantage of Keypoint Credit Union Visa® Platinum:

  • If you miss a payment or otherwise violate the terms of your agreement, you could be subject to a penalty APR of up to 24.99%.
  • Cash advance transactions will incur a flat fee of 18.99%
  • A balance transfer fee of 2%.
  • No Rewards program

Why I recommend Keypoint Credit Union Visa® Platinum:

I recommend the Keypoint Credit Union Visa® Platinum because it is a great credit card for people with fair credit or limited credit history.

The 0% intro APR for 16 months is a great perk, and the low balance transfer fee of 2% is also very beneficial. I also like that there is no foreign fee, which is great for people who travel frequently.

Another great feature of this card is that it can be added to Apple Pay™, Google Pay, Samsung Pay, or Microsoft Wallet for added protection. This is a great feature for people who are worried about fraud.

Overall, I think the Keypoint Credit Union Visa® Platinum is a great credit card for people with fair credit or limited credit history.


#2. OneUnited Bank Unity Secured Credit Card

OneUnited Bank Unity Secured Credit Card
OneUnited Bank Unity Secured Credit Card

If you’re looking for an instant approval balance transfer credit card, the Unity Secured Credit Card from OneUnited Bank is a great option.

There’s no minimum credit score required, and the ongoing APR is a low 17.99% fixed rate. You can apply online in less than 5 minutes, and if you have a minimum security deposit of $250, you could be approved today. The annual fee is only $39, and there’s no balance transfer fee.

This is an ideal card for rebuilding your credit, as it reports to all 3 major credit bureaus monthly. Plus, your security deposit is fully refundable if you close your account.

So if you’re looking for an instant approval balance transfer credit card with no hidden fees, the Unity Secured Credit Card from OneUnited Bank is a great option.

Advantage of Unity Secured Credit Card:

  • No minimum credit score required
  • Intro APR: 9.95% on balance transfers for 6 months
  • Ongoing APR is a low 17.99% fixed rate
  • The annual fee is only $39
  • Security deposit is fully refundable if you close your account
  • Reports to all three major credit bureaus monthly
  • Apply online in less than 5 minutes.

The disadvantage of Unity Secured Credit Card:

  • No rewards Program
  • No-Intro rewards bonus
  • Balance transfer fee
  • Foreign Transaction Fee

Why I recommend Unity Secured Credit Card:

I recommend the Unity Secured Credit Card because it is a great credit card for people with bad credit or no credit history.

The fact that there is no minimum credit score required is a huge advantage and the intro APR of only 9.95% is also very beneficial. I also like that the security deposit is fully refundable if you close your account and that it reports to all three major credit bureaus monthly.

Overall, I think the Unity Secured Credit Card from OneUnited Bank is a great instant approval balance transfer credit card for people with bad credit or no credit history.


#3. Bank of America Customized Cash Rewards Credit Card for Students

Bank_of America Customized Cash Rewards Secured Credit Card
Bank of America Customized Cash Rewards Secured Credit Card

The Bank of America Customized Cash Rewards Credit Card for Students is one of the best instant approval balance transfer credit cards available for people with fair credit and limited history.

It offers a 0% intro APR for 15 months and then has a 14.74% – 24.74% (V) APR. There is also no annual fee.

The card also comes with security benefits such as a $0 liability guarantee, fraud monitoring, overdraft protection, and a paperless statement option.

Other benefits include the ability to add your card to your mobile device and use it to shop and pay in-store or in-app using Apple Pay®, Google Pay™, or Samsung Pay.

The card also offers an online bonus of $200 cash rewards after making at least $1,000 in purchases within the first 90 days of account opening.

You also earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases.

This is an excellent credit card for students who want to transfer their balance and take advantage of the 0% intro APR offer.

Advantages of Bank of America Customized Cash Rewards Credit Card for Students:

  • 0% intro APR for 15 months
  • 14.74% – 24.74% (V) APR
  • No annual fee
  • $200 online bonus after making at least $1000 in purchases within the first 90 days of account opening.
  • Earns cash back rewards can be used with Apple Pay, Google Pay, or Samsung PaySecurity features such as a $0 liability guarantee and fraud monitoring.

Disadvantages of Bank of America Customized Cash Rewards Credit Card for Students:

  • Balance transfer fee
  • Foreign fee

Why I recommend the Bank of America Customized Cash Rewards Credit Card for Students:

I recommend this credit card for students who want to transfer their balance and take advantage of the 0% intro APR offer. The fact that there is no annual fee is also a huge benefit. The security features are also excellent and the ability to use the card with mobile wallets is very convenient. The cashback rewards are also a great benefit of this card.

Overall, I think this is an excellent instant approval balance transfer credit card for students with fair credit and limited history.


#4. TDECU Classic Mastercard

TDECU Classic Mastercard
TDECU Classic Mastercard

The TDECU Classic Mastercard® is one of the best instant approval balance transfer credit cards on the market. It offers a 0% intro APR for 6 months on purchases and a 0% intro APR for 12 months on balance transfers.

There are No Balance Transfer Fees and No Annual Fees. The card also comes with a number of great benefits such as Mastercard Platinum Benefits, Fraud Protection, and EMV chip technology.

The TDECU Classic Mastercard® is a great choice for people who want to consolidate their debt and take advantage of the 0% intro APR offers.

Advantages of the TDECU Classic Mastercard:

  • 0% intro APR for purchases and balance transfers
  • No balance transfer fees
  • No annual fees
  • Mastercard Platinum Benefits
  • Fraud Protection
  • EMV chip technology

Disadvantages of the TDECU Classic Mastercard:

  • No rewards
  • No rewards bonus

Why I recommend the TDECU Classic Mastercard:

I recommend the TDECU Classic Mastercard because it offers a 0% intro APR for purchases and balance transfers. It also has no balance transfer fees and no annual fees. The card comes with several great benefits such as Mastercard Platinum Benefits, Fraud Protection, and EMV chip technology.

Overall, I think this is an excellent instant approval balance transfer credit card for people who want to consolidate their debt and take advantage of the 0% intro APR offers.


How to use instant approval balance transfer credit cards effectively

Balance transfer credit cards can be a great way to consolidate debt and save on interest, but only if used correctly. Here are a few tips for using balance transfer credit cards effectively:

A. Shop around for the best deal. Not all balance transfer credit cards are created equal. Some have lower interest rates, while others have longer intro periods. Be sure to compare offers before choosing a card.

B. Know your limits. Most balance transfer credit cards have limits on how much you can transfer. If you owe more than the limit, you’ll likely have to pay interest on the entire balance.

C. Make payments on time. One of the biggest traps with balance transfer credit cards is missed payments. If you miss a payment, you may forfeit your intro APR and be charged a high-interest rate on the entire balance.

So be sure to set up automatic payments or put reminders in your calendar to make timely payments.

D. Pay off your balance before the intro period expires. This may seem like obvious advice, but it’s important to remember that once the intro period expires, any remaining balance will start accruing interest at the regular APR. So if you can’t pay off the entire balance before the intro period expires, you may be better off choosing a different debt consolidation strategy.


Bottomline

In conclusion, instant approval balance transfer credit cards can be a great way to consolidate debt and save on interest.

However, it’s important to shop around for the best deal, know your limits, make payments on time, and pay off your balance before the intro period expires. If you do all of these things, you’ll be well on your way to becoming debt-free. Thanks for reading!

I hope you found this article helpful. If you have any questions, please feel free to leave a comment below. I’ll be happy to help in any way I can. Until next time, take care!

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