A balance transfer credit card can help you consolidate debt, and many even come with a 0 percent introductory APR that can help you save money and pay down debt faster. You may be able to qualify for a balance transfer card if you have poor credit, but it’s important to set realistic expectations before applying for one.

Consumers with poor credit—people with a credit score of 579 or below—can’t always qualify for the best 0 percent APR credit cards. You probably won’t receive an interest-free window, but you might gain access to a lower APR than you’re currently paying. Ultimately, a balance transfer can still help you save money on interest, albeit at a slower rate.

Before you transfer a balance, you should check your credit score and understand the potential downsides, as well as alternatives to consider. Let’s take a look at balance transfer options for people with poor credit, including some credit card recommendations.

Should you do a balance transfer with bad credit?

It may be possible to get approved for a balance transfer credit card if your credit score is poor, but that doesn’t necessarily mean it’s worth pursuing.

There’s a good chance you’ll only be able to qualify for a secured credit card if your credit score is truly poor. Since secured credit cards require a cash deposit as collateral, and your credit limit is typically equal or close to your deposit amount, secured credit cards aren’t exactly ideal for balance transfers. If you have the cash to use as collateral for a secured credit card, then you would be better off using it to pay off the debt you’re trying to consolidate instead.

Even if you can get approved for an unsecured credit card for bad credit that offers balance transfer terms, it may not be your best option. Most credit cards for bad credit don’t offer preferential interest rates on new purchases, let alone the ability to transfer debt from another card. Another downside is that you’ll likely also have to pay balance transfer fees that will add to your debt amount right away.

Unless you’re serious about debt repayment, transferring balances may not help you accomplish anything other than moving debt from one place to another. If you are opening new cards that give you more available credit and you keep spending as normal, transferring balances could even leave you with more debt to deal with in the end.

Alternatives to a balance transfer if you have bad credit

If you are less than thrilled with the credit card options available, or your balance transfer application is denied, you have some alternatives worth considering. These options may not be perfect, but the ultimate goal should be figuring out a way to pay off debt faster.

Instead of trying to find a balance transfer that accommodates bad credit, consider the following options.

Debt consolidation loans

A personal loan can help you consolidate high-interest debt with a fixed interest rate, a fixed monthly payment and a fixed repayment period. Having a set payment each month can make your debt repayment plan easier, and personal loans for bad credit often come with much lower rates than credit cards.

Get a co-signer

If you can’t qualify for a personal loan on your own, you can also consider applying with a co-signer. When you have a co-signer, a family member or friend lends you their good credit to help you qualify. It’s worth noting that there is risk involved with this option since co-signers are jointly responsible for repaying the amount owed. If you default on the loan, they will be on the hook for making payments or risk damaging their credit score.

Improve your credit score

If you’re willing to wait for a while, it may be in your best interest to try and improve your credit score as quickly as you can before applying for any type of credit. Improving your credit score until it’s in a better range could help you qualify for better credit cards with lower rates and potentially even one of the best 0 percent APR credit cards.

Best balance transfer credit cards for bad credit

Balance transfer credit cards for bad credit might help you save money. Before applying, check out Bankrate’s balance transfer calculator to see how much you can actually save with this option.

But keep in mind that each card has its pros and cons. Bankrate compared all the top cards that offer balance transfers to consumers with imperfect credit, and here are the ones we consider the best:

Discover it Secured Credit Card

The Discover it® Secured Credit Card lets you transfer balances and pay an intro APR of 10.99 percent for six months (followed by a variable APR of 26.74 percent). You won’t pay an annual fee, and you’ll even earn rewards on your purchases: 2 percent cash back on up to $1,000 in combined spending at gas stations and restaurants each quarter and 1 percent on everything else.

Discover will also match the cash back rewards you earn at the end of the first year.

A security deposit is required to receive the card (with the amount of your deposit equal to the credit line you’re approved for, up to $2,500), but it’s refundable provided you close your account in good standing. Also, note that you’ll pay a 3 percent introductory balance transfer fee and up to a 5 percent fee for future balance transfers (see terms).

Capital One Platinum Secured Credit Card

The Capital One Platinum Secured Credit Card is another option to consider if you have poor credit. Just remember that you’ll have to put down a cash deposit as collateral to secure your line of credit. Either way, this card is worth considering since you can see if you’re prequalified online and without a hard inquiry on your credit report.

There’s no annual fee, and you can get started with a security deposit of just $49, $99 or $200. While the variable APR of 29.74 percent applies to balance transfers, there’s no balance transfer fee.

The bottom line

Yes, it’s possible to qualify for a balance transfer with bad credit, but it’s likely not the best option. There’s a good chance you’ll only be eligible for a secured balance transfer credit card, which requires a cash deposit, so you may be better off simply putting that cash toward paying off your debt.

If it seems like that would barely make a dent, focus on managing your debt with on-time monthly payments and work on improving your credit so you can qualify for an unsecured balance transfer card with superior rates and terms.