How To Do A Capital One Balance Transfer Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: On This Page
Jose Luis Pelaez Inc / DigitalVision / Getty Images October 07, 2022 Dan Rafter has been writing about personal finance for more than two decades, covering everything from credit scores, mortgage loans and debt to credit cards, insurance, real estate and student loans. His work has appeared in the Washington Post, Chicago Tribune, Fox Business, The Motley Fool, The Christian Science Monitor, LendingTree, Business Insider and Mental Floss Magazine. He's also the editor of , a trade magazine serving real estate professionals throughout the Midwest. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. If you’re looking for an easy way to without paying interest, signing up for a is often a good idea. And if you’re interested in completing a balance transfer with Capital One, here’s how you can get started — along with some of the best Capital One cards with balance transfer offers to consider. How to do a Capital One balance transfer
Note that you can’t transfer a balance from one Capital One card to another Capital One card. You can only transfer a balance from another credit card issuer — like Discover or Citi — to a Capital One card. How to do a balance transfer with an existing card
If you already have a Capital One credit card that’s eligible for a balance transfer, here’s how to complete a balance transfer online: Log in to your Capital One account. Locate and click on the credit card account you want to use for the balance transfer. Go to the drop-down menu and select “Transfer a balance.” You’ll then be taken to a screen that outlines your current balance transfer offer, including how much you’ll pay in interest (if any), whether you’ll be charged a and any associated . Next to the balance transfer offer you’re interested in, click “Select Offer.” Then, you’ll see a screen that asks you to enter the name, account number and payment address of the other issuer, along with the amount of the transfer. Note that the amount of your transfer cannot exceed the amount you’re approved for in the offer. How to do a balance transfer with a new card
Alternatively, if you’re interested in opening a new Capital One card with a offer, you can also complete a balance transfer during the application process. After you’ve been approved for your desired card, you’ll be asked if you have any balances to transfer. You’ll then enter the same information mentioned above in step 5. How long does it take to process a balance transfer with Capital One
, balance transfers will be processed immediately once they’re approved, but it can take about 10 business days to process with the other issuer. Remember that the balance on your original credit card will continue to accrue interest until the requested balance transfer is processed. After your balance transfer is finished, check the account from which you transferred the balance to see if there is any outstanding interest that needs to be paid off. Note that it could take up to 30 days for the interest to appear on your account. Likewise, unless the balance transfer process completes before your next credit card payment is due, the card issuer will still expect payment from you — and it can penalize you with late fees if you miss it. Will a balance transfer hurt your credit score
It depends. Adding a to your wallet increases the amount of credit you have, but it doesn’t change the amount of credit you’re using. This is because your — which is the amount of credit you have available to use compared to the amount of credit you’re actually using — makes up a significant portion of your . The good news is that if you transfer a balance to a credit card and then pay that balance off, your credit score will likely improve. However, if you open a balance transfer credit card, transfer a balance and charge new debt to your credit cards before paying that transferred balance off, your credit utilization ratio could get worse, and your credit score could go down. Likewise, if you and keep transferring it from card to card, your credit score is unlikely to improve. Keep in mind that balance transfers, like most aspects of credit card management, are only . Best Capital One cards for a balance transfer
Credit card issuers frequently update their balance transfer offers, with many eliminating these offers throughout the year and then reinstating them later. Here are some of the with a 0 percent intro APR offer right now: Capital One Quicksilver Cash Rewards Credit Card Best for flat cash back
The offers an introductory 0 percent APR on purchases and balance transfers for 15 months, followed by a variable APR of 17.99 percent to 27.99 percent. There’s also a balance transfer fee of 3 percent, which is on the lower end of the balance-transfer-fee range (typically 3 percent to 5 percent). The card also comes with some perks like no annual fee, an unlimited 1.5 percent cash back on all purchases and the chance to earn a $200 cash bonus after spending $500 within three months of account opening. Capital One SavorOne Cash Rewards Credit Card Best for bonus cash back
The also includes a 0 percent intro APR on purchases and balance transfers for 15 months (followed by a 17.99 percent to 27.99 percent variable APR), along with a balance transfer fee of 3 percent. This card also comes with the same welcome bonus ($200 cash back after spending $500 within three months of account opening) and no annual fee. The SavorOne earns 3 percent cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart and Target), plus 1 percent back on all other purchases. You can also earn 5 percent cash back on hotel and rental car bookings through Capital One Travel and 8 percent cash back on Vivid Seats ticket purchases. Capital One VentureOne Rewards Credit Card Best for beginner travel
Like the other Capital One cards mentioned, the also offers a 0 percent intro APR on purchases and balance transfers for 15 months (followed by a 17.99 percent to 27.99 percent variable APR). It also includes a balance transfer fee of 3 percent and no annual fee. Unlike the other Capital One cards mentioned (which are cash back cards), the VentureOne is an . It offers a flat 1.25X miles on all purchases and 5X miles on hotels and rental cars booked through . You’ll also be able to earn a welcome bonus of 20,000 miles (worth $200) once you spend $500 on purchases within the first three months of account opening. The bottom line
If you’re ready to , transferring your balance to a new Capital One card with a 0 percent intro APR offer makes sense. The problem? Zero percent intro APR offers can be temporary, so be sure to check periodically for new offers or changes to existing offers. SHARE: Dan Rafter has been writing about personal finance for more than two decades, covering everything from credit scores, mortgage loans and debt to credit cards, insurance, real estate and student loans. His work has appeared in the Washington Post, Chicago Tribune, Fox Business, The Motley Fool, The Christian Science Monitor, LendingTree, Business Insider and Mental Floss Magazine. He's also the editor of , a trade magazine serving real estate professionals throughout the Midwest. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Related Articles