Truist Future Credit Card Review

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4.8
SCORE
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Quick Take: The no-annual-fee Truist Future credit card allows you to transfer high-interest debt from other credit cards or use the introductory APR period to make no-interest payments on larger purchases. Either way, you'll save. 
  • Balance Transfer
    4.8
How did we calculate this?

Pros

  • 15-month 0% APR
  • Competitive regular APR
  • No annual fee

Cons

  • No grace period on balance transfer fees
  • Transfers must be made within 90 days for promotional APR

Truist Future Credit Card Overview

If you’re in the market for a balance transfer card, the Truist Future credit card is worth considering. Not only does it not have an annual fee, but it also has a 0% introductory APR for the first 15 months on balance transfers and purchases. And as far as the regular APR goes, it’s competitive. In fact, it’s Truist Bank’s lowest-rate credit card.

Key Features

Here are some of the key features of the Truist Future credit card that make it worth considering.

Length of Introductory APR Period for Purchases

The Truist Future credit card’s introductory APR for both balance transfers and purchases is 0% for the first 15 months. That gives you more than a year to pay down debt or make a large purchase that you can pay off with equal payments and no interest before the introductory period ends. 

Regular APR on Purchases

After the introductory APR period ends, the regular APR for the card kicks in. The current regular APR on purchases for the Truist Future card is 13.49% to 22.49%. Although you might find some credit card options with a lower starting APR, the Truist Future card’s starting APR is still quite a bit below the current average credit card APR, which is 21.59%, according to LendingTree.

Regular APR on Balance Transfers

The card offers 0% APR on balance transfers made within the first 90 days of opening the account. A 3% balance transfer fee with a $10 minimum applies to each transfer with no grace period. The only thing that could make this offer better is if the balance transfer fee was also waived for the first 90 days.

As with its regular APR on purchases, the Truist Future card’s regular APR on balance transfers, which applies to transfers made after the introductory period ends, is 13.49% to 22.49%.

Annual Fee

You won’t have to worry about paying an annual fee for this card. That means that any savings you reap from the promotional APR won’t be canceled out.

How the Truist Future Credit Card Stands Out 

The Truist Future credit card stands out due to its 15-month promotional APR period for both purchases and balance transfers. Additionally, its APR range of 13.49% to 22.49% is competitive. Its starting APR is one of the lower ones available, and its high-end APR is not even a full percentage point higher than the current average credit card APR of 21.59%.

Comparable Balance Transfer Credit Card Options

To help you determine whether the Truist Future credit card is a good choice for you, here’s how it measures up to two other comparable options. 

PNC Core Visa Credit Card

The PNC Core Visa credit card is identical to the Truist Future credit card in that it has no annual fee and offers a 0% introductory APR on balance transfers and purchases for the first 15 billing cycles of card ownership. And just like the Truist card, the PNC Core Visa requires balance transfers to take place within the first 90 days of account opening.

Where the two cards differ is the regular APR. While the Truist Future credit card has a regular APR range of 13.49% to 22.49%, PNC Core Visa’s starting regular APR is a bit lower at 13.24% but a bit more on the high end at 25.24%.

Regarding balance transfer fees, a fee of 3% applies to balances transferred within the first 90 days with either card. However, the PNC Core Visa has a $5 minimum balance transfer fee while Truist Future has a higher $10 minimum. Additionally, the PNC Core Visa offers a $100 bonus after spending $1,000 within the first three months of account opening, whereas Truist Future does not offer a bonus.

Citizens Clear Value Mastercard

Another card that is comparable to the Truist Future card is the Citizens Clear Value Mastercard issued by Citizens Bank. Like the Truist Future card, the Citizens Clear Value card has no annual fee and a 0% introductory APR on balance transfers and purchases. However, instead of a 15-month introductory APR period, the Citizens Clear Value credit card offers a longer introductory period of 18 months.

Additionally, the regular APR for the Citizens card is 16.24% to 24.24%, which is not nearly as competitive as Truist’s APR range of 13.49% to 22.49%. Finally, while a 3% balance transfer fee with a $10 minimum applies to Truist Future’s balance transfers, a higher 4% balance transfer fee or $10 minimum applies to Citizens Clear Value’s.

How To Apply 

You can apply for the Truist Future credit card by clicking the “Apply now” button on the website. You’ll need to provide your name, phone number, Social Security number, two years of address history and employment and income information.

If you’re applying with a co-applicant, you’ll need to visit a Truist branch or call the bank at 844-487-8478 because online applications aren’t accepted in this case.

Who the Truist Future Credit Card Is Best For 

The Truist Future credit card is best for consumers who have high-interest debt to transfer or who want to make a larger purchase that they can pay off before the 0% introductory APR ends. 

Final Take 

As far as a balance transfer card goes, the Truist Future credit card is a solid choice. It has a 15-month 0% APR and a competitive APR thereafter. And while it does have a 3% balance transfer fee per transaction, it doesn’t have an annual fee, which means you won’t have an ongoing cost to carry the card. 

FAQ

Here are the answers to some of the most frequently asked questions about the Truist Future credit card. 
  • Is the Truist Future card a credit card?
    • Yes, the Truist Future card is a credit card that's issued by Truist Bank.
  • What credit score is needed for a Truist credit card?
    • Although Truist Bank does not disclose the credit score needed to be approved for a Truist credit card, it does require you to be creditworthy. To get approved for a 0% APR credit card offer, you'll likely need to have good to excellent credit, which translates to a credit score of at least 670.
  • What is a Truist card used for?
    • A Truist card is a credit card, which can be used for purchases and balance transfers.
  • What types of cards does Truist offer?
    • Truist Bank has four different credit card options, including the Truist Future credit card, a cash rewards credit card, a travel rewards credit card and a secured credit card. 

Information is accurate as of Oct. 6, 2022.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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About the Author

Cynthia Measom is a personal finance writer and editor with over 12 years of collective experience. Her articles have been featured in MSN, AOL, Yahoo Finance, INSIDER, Houston Chronicle, The Seattle Times and The Network Journal. She attended the University of Texas at Austin and earned a Bachelor of Arts degree in English.
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