1. Is there a limit on balance transfers? I would... - Balance Transfers Questions

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Credit Card Applications » Questions » User Questions » Balance Transfers » 1. Is there a limit on balance transfers? I would like to consolidate about 5 credit card debts...

1. Is there a limit on balance transfers? I would like to consolidate about 5 credit card debts into 1. 2. What information is needed to do the balance transfers?

Answered on | Updated on September 3rd, 2019
The content is accurate at the time of publication and is subject to change.

When you request a balance transfer, you should remember that you won’t be able to transfer more than available credit limit on your new balance transfer credit card. Thus, if available credit limit on your new credit card is $6,000, you won’t be able to transfer more than that amount.

Another thing to remember about balance transfers, is that you cannot transfer balances between credit cards of one bank. For example, if you have a Chase credit card and apply for a new Chase credit card, you won’t be able to transfer balances between those two credit cards.

Once you are approved for a balance transfer credit card, make sure you request a balance transfer as soon as you receive your card. You can request the transfer over the phone or online. To request a balance transfer, you will need to provide an account number and amount you wish to transfer. If you are transferring from several credit cards, prepare that information for each credit card.

Please note that balance transfer won’t cancel your old credit cards. You will still need to make all due payments before and after the balance transfer has posted to your new credit card. If you do not make payments, you may be slapped with late payment fees and accrue more debt.

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% 15 months on Balance Transfers

Ongoing APR on Balance Transfer: 15.49% - 25.49% (Variable)

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

Excellent, Good Credit

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

Ongoing APR on Balance Transfer: Variable APR of 14.99% - 24.99% will apply after the Introductory Period

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

Intro APR on Balance Transfer: 0% 18 months on Balance Transfers*

Ongoing APR on Balance Transfer: 15.99% - 25.99% (Variable)

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

Excellent, Good Credit

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