Balance Transfers Questions - Page 2

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User Questions & Answers about Balance Transfers

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Here you can ask or find questions about balance transfers. All questions about balance transfer credit cards, intro APR, balance transfer fees and other related questions are gathered here at your convenience. Or feel free to address your question to out experts.

Recently Answered Questions:

I have a balance on Wells Fargo credit card I’d like to transfer. But the card I’m considering applying for charges a balance transfer fee. Should I avoid it or go ahead?

Answered on

As a general rule, people don’t like paying fees. But sometimes, fees are worth paying. In the case of a balance transfer, it’s often well worth paying a 3%-5% fee on the balance, if it’s a significant amount, and if your interest rate, or APR, is very high. Continue reading

I’ve accumulated $5,000 balance on my AmEx Blue credit card. Do you think an American Express balance transfer credit card is a good option for me if I already have an account with them?

Answered on

Unfortunately, you won’t be able to transfer the balance of one American Express credit card to another American Express credit card as balance transfers between two cards of one issuer are not allowed. Continue reading

Do you think a Wells Fargo balance transfer credit card is a good option for me if I already have balance on another Wells Fargo credit card?

Answered on

Unfortunately, you won’t be able to transfer the balance of one Wells Fargo credit card to another Wells Farg credit card as balance transfers between two cards of one issuer are not allowed. You will need to apply for a credit card from a different issuer. Continue reading

I have a Wayfair credit card and I want to transfer my balance to another card before the special financing ends. Which card should I get?

Answered on

That’s an excellent idea since most general credit cards will offer lower interest rates. The majority of credit cards allow balance transfers, but some charge a transfer fee of around 3%. Continue reading

I’ve recently accumulated $7,000 balance on my Chase Freedom credit card. Do you think a Chase balance transfer credit card is a good option for me since I already have an account with them?

Answered on

Unfortunately, you won’t be able to transfer the balance of one Chase credit card to another Chase credit card as balance transfers between two cards of one issuer are not allowed. Continue reading

I want to transfer one balance from one credit card to another credit card with 0% interest for 15 months but I still want to keep my original credit card, is that possible? Would I have to close the original credit card?

Answered on

Yes, you can keep your original credit card, you don’t have to close it. A balance transfer does not automatically cancel the card from which you transfer. More than that, make sure you continue making monthly payments on your original credit card to avoid late payment fees. Since your card remains… Continue reading

I have a couple of credit cards with Chase and AmEx. I was wondering if there is a way of transferring the balance of those cards to one card so I can make just one monthly payment to one company. My credit is good. What can you offer?

Answered on

If you want to consolidate your balances, the best option will be a balance transfer credit card. You can transfer all your balances onto one credit card and pay the debt off. When choosing a credit card pay attention to the credit rating required. You indicated you have a good credit history, so many… Continue reading

What is the best credit card for balance transfers with good credit?

Answered on

If you are planning to keep this card after the transferred balance is paid off, then you may like the Discover it® Balance Transfer credit card. Continue reading

I have Chase student credit card with big balance on it and want to transfer it to another card with better terms to pay off. What would you recommend? My credit is good.

Answered on

Since your credit is good, you can choose any credit card that offers 0% intro APR on balance transfers. You can choose the zero introductory period that is good for you. Just make sure the introductory period is long enough for you to pay off the transferred balance in full within the given… Continue reading

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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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Balance Transfer: Save on Average $1,400

May 08, 2015

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