Got a Balance Transfer Credit Card Denial? Here Is What You Can Do

Tuesday, April 14th, 2020
Updated: April 14th, 2020
The content is accurate at the time of publication and is subject to change.

Once you understand you are carrying balances on one or several credit cards under huge interest that you cannot pay off quickly, it may be wise to consider transferring those debts to a new balance transfer credit card. Most such cards come with a 0% intro APR on balance transfers for 6-21 months, which can help save a significant part of your budget.

However, there is a possibility that your application will be rejected by the issuer for some reason. Nevertheless, it’s not a cause for getting frustrated and giving up. There is still something you can do.

Find Out Why Your Application Was Rejected

First of all, to determine further actions, you need to find out why your application for a balance transfer credit card was denied. In such cases, issuers should send a rejection email containing a clear reason for this decision. It will help you understand what to improve and what steps to take next.

Work on Your Credit

Typically, balance transfer cards are designed for applicants with good or excellent credit. Thus, if your score is lower, it may become the decisive factor and not let you qualify for the chosen card. In fact, low creditworthiness is the most common reason for issuers to say “no”. However, even high scores don’t provide you with 100% guaranteed approval.

After reading the issuer’s explanation containing the factors that prevented you from getting approved, think about what moves you can possibly do to get rid of those. Pay attention to the major factors that make up a credit score: payment history, credit utilization, length of credit history, new credit, and credit mix. If you try hard and see to those, you will be able to improve your credit score and, as a result, get higher chances of approval in the future.

Ask for Reconsideration

In case the stated by the issuer reason doesn’t make sense to you, you may also try to contact them to explain your situation and ask to reconsider your application. Doubtful as it may seem, but sometimes it helps indeed. Note that you need to be ready to provide some additional information and documents.

Consider Alternative Offers

Another option that you may consider is choosing an alternative credit product that will allow you to consolidate several debts or reduce the current interest rates. For example, these goals can be successfully achieved by means of personal loans.

Loans will be especially suitable for people with poor credit. They usually have less strict credit score requirements while offering lower rates than credit card APRs. Moreover, you can indicate the desired amount while filling out an application form.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Balance Transfer Cards Guides

How to get rid of your current debt? May 23rd, 2023

Effective ways to consolidate your debt. Trying to pay off debts is tough, especially if you have several debts with steep interest rates. Debt consolidation is something you might want to think about in order to streamline your debt and cut down on your monthly payments. Debt refinancing is the process of taking out a […]

Continue »
Do These 3 Things After a Balance Transfer to Maximize Your Savings December 25th, 2020

After requesting a balance transfer, it usually takes about 14 days before the actual transfer is completed. However, receiving the long-awaited message from the card issuer that your funds have been successfully transferred is not the final step. After this, it is very important not to forget about some important things you better do so […]

Continue »
How Does a Balance Transfer Affect Your Credit Score? March 16th, 2020

If you have one or even several credit accounts with considerable balances and huge interest, probably, considering a balance transfer to consolidate those debts is the best way out. But before you apply for a balance transfer credit card, it’s not out of place to assess all possible pros and cons. And, first of all, […]

Continue »
5 Easy Steps to Fulfill a Balance Transfer February 5th, 2020

Once you decide to apply for a balance transfer credit card in order to consolidate all your debts, get lower interest rates or earn more rewards, you most likely begin to wonder how to accomplish the whole balance transfer process and benefit from it. Let’s start with the basics.

Continue »
How To Choose A Balance Transfer Credit Card January 15th, 2020

Balance transfer card is definitely the best credit card for reducing your debt. Such a card allows to consolidate your high-rates loans and credit cards and pay off the balance at a lower interest rate or even 0 interest rate during a limited introductory period.

Continue »
Best Credit Offer
Best Credit Cards from
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2024 All Rights Reserved.

See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions. makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that may be compensated by the credit card issuers when the readers apply for a credit card through this site. is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. does not review or list all available financial or credit offers.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.