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Transferring a balance to a Capital One card could help you consolidate debt and save on interest, but you’ll need excellent credit to get the best offers Our
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partners and how we make money. SummaryCapital One has a few options when it comes to balance transfer credit cards, but you’ll need excellent credit to qualify for the best offers. Learn how to transfer a balance to a Capital One credit card and how to improve your odds of approval. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. If you have credit card debt you need to consolidate, transferring a balance to Capital One can help you meet your credit goals. You may even be able to save money on interest with a low introductory offer on a new card. Transferring a balance doesn’t come without a cost, so it’s important to know what those costs are and if a balance transfer makes sense for your situation. How to do a balance transfer with Capital OneThere are several ways to transfer a balance to a Capital One credit card. It’s a little different for new cardholders versus existing Capital One cardholders. Existing Capital One cardholdersIf you want to transfer a balance to an existing Capital One account, you can apply through your online account. Here’s where to find it:
You can also contact the customer service phone number on the back of your card if you would like to initiate a balance transfer. New Capital One cardholdersTransferring a balance can occur at the time of application for new Capital One cardholders. Before starting your application for a new Capital One card, it would be helpful if you had some details about the debt you want to transfer, such as the:
Adding this information in at the time of application can help you get the balance transferred as soon as your new account is open, giving you access to the full zero-interest time period. Keep in mind that existing Capital One cardholders can apply for a different Capital One card product if they’re interested in a 0% intro APR offer on balance transfers. Not every card offers a low introductory rate, so be sure to select one that does. What you should know about a Capital One balance transfer before applyingTransferring a balance to a new Capital One card could help you consolidate debt, but it does come with a cost. Here’s what you should know before you decide to transfer a balance to a Capital One credit card.
How to improve the chances of your balance transfer being approvedMany of the best balance transfer offers require excellent credit. To improve your chances of approval with a Capital One credit card, you’ll want to make moves to improve your credit score.
Top Capital One balance transfer offersWhile you can transfer a balance to any Capital One card with enough credit, there are a handful of Capital One cards that offer 0% intro APRs on balance transfers. Capital One VentureOne Rewards Credit CardThe Capital One VentureOne Rewards Credit Card is a solid no-annual-fee rewards card that offers a 0% intro APR on balance transfers and new purchases for the first 15 months (15.24% to 25.24% variable APR thereafter). Other benefits include:
Capital One Quicksilver Cash Rewards Credit CardThe Capital One Quicksilver Cash Rewards Credit Card is another no-annual-fee card from Capital One that offers a 0% intro APR on purchases and balance transfers for 15 months (16.49% to 26.49% variable APR thereafter). The main difference between this card and the VentureOne is that the Quicksilver earns cash back instead of miles. Other benefits of this card include:
Capital One SavorOne Cash Rewards Credit CardThe Capital One SavorOne Cash Rewards Credit Card offers a 0% intro APR on purchases and balance transfers for 15 months (16.49% to 26.49% variable APR thereafter). Like the other two options, this card doesn’t charge an annual fee and is focused on earning rewards through dining, entertainment, streaming and grocery purchases. Some features of the card include:
Editorial Disclaimer The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners. Dan Rafter has covered personal finance for more than 15 years for publications ranging from The Washington Post and Chicago Tribune to Wise Bread, HSH.com and MoneyRates.com. His work has also appeared online at the Motley Fool, Fox Business, Huffington Post, Christian Science Monitor and Time.
Do balance transfers hurt your credit?A balance transfer can affect your credit score, depending on 1) if you open a new card to transfer a balance and 2) what you do once your balances have been transferred. If you simply move your balances around on your existing cards, your credit score likely won't be impacted.
How do I transfer a Capital One credit card?Transfer funds. Sign in to your account online or with the Capital One Mobile app. ... . Select an account and choose “Transfer” at the top of your account page.. Choose the “To” and “From” accounts, pick the date and enter the amount you'd like to transfer.. Click or slide the “Transfer” button to confirm.. Can I transfer my CC balance to another card?Credit card balance transfers are typically used by consumers who want to save money by moving high-interest credit card debt to another credit card with a lower interest rate. Balance transfer credit card offers typically come with an interest-free introductory period of six to 18 months, though some are longer.
Does Capital One allow balance transfers?Capital One allows balance transfers on both new or existing cards. Keep in mind the total amount of the transfer (including fees) cannot exceed the credit limit of the card. This means if you have a $10,000 credit limit and a 3% balance transfer fee, you can only transfer $9,700.
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