Can I transfer my balances to one credit card? - Balance Transfer FAQ


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Credit Card Applications » Questions » FAQs » Balance Transfer » Can I transfer my balances to one credit card?

Can I transfer my balances to one credit card?

Answered on | Updated on February 6th, 2013
The content is accurate at the time of publication and is subject to change.

Yes, in most cases you can transfer multiple balances to one credit card. You just have to have a high enough credit limit to accommodate all the balances you want to transfer.

The first thing to do is list all your balances. There are two ways to do this:

  • Highest balance to lowest balance
  • Highest APR to lowest APR

Opinions vary on whether it’s better to try to pay off small balances first (so that you gain the confidence of zeroing out a whole balance more quickly) or to pay off high APR balances first (ultimately, you’ll save more money this way, though it may take longer to get larger balances down to zero).

Whichever you choose, it will be easier to make a plan when you have all your balances and APRs listed in front of you. Decide which ones to transfer if you don’t have a high enough credit limit on your new balance transfer credit card to transfer them all.

Another thing to remember: each transfer will have to be done separately, and each will incur its own balance transfer fee.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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.
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Intro APR on Balance Transfer: 0% 12 months on Balance Transfers

Ongoing APR on Balance Transfer: 15.74% - 25.74% (Variable)

Balance Transfer Fee: 3% of each balance transfer; $5 minimum.

Excellent, Good Credit

Intro APR on Balance Transfer: 0% (first 12 billing cycles following each balance transfer that posts to your account within 45 days of account opening)

Ongoing APR on Balance Transfer: 18.24%, 22.24% or 25.24% variable based on your creditworthiness

Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater

Good/Excellent Credit
See Rates & Fees

Intro APR on Balance Transfer: 0% Intro APR for 12 months

Ongoing APR on Balance Transfer: Variable APR of 15.24%, 19.24% or 25.24%

Balance Transfer Fee: Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check

Good, Excellent Credit
See Rates & Fees

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