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FG Trade/Getty Images October 11, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more. 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. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Bankrate logo The Bankrate promise
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How to transfer a balance to a new card
If you haven’t signed up for a balance transfer card from Citi yet, you can and, if approved, at the same time. Upon approval of your new account, you’ll be given a chance to transfer a balance from an existing card during your application process. To initiate the transfer, you’ll simply need to provide the account number of your other account, the card issuer’s name and the amount of debt you want to transfer. How to transfer a balance to an existing card
If you already have a new Citi credit card and you want to transfer a balance, you should know that you’ll likely face a time limit. With the Citi Simplicity Card, Citi Diamond Preferred Card, Citi Double Cash Card and Citi Rewards+ Card, you can only take advantage of the introductory balance transfer offer if you initiate your balance transfer within four months of account opening. If you’re within that time frame, here are the steps you need to take: Log in to your Citi account and click “Payments and Transfers” at the top of the page. Click on “Balance Transfers.” Click “View Available Balance Transfer Offers.” Select the balance transfer offer you want to pursue and enter the required details, such as the account number for the credit card you want to transfer a balance from and the balance transfer amount. If you’re beyond the four-month timeframe — say you’ve had a Citi account for years — it’s worth noting that you may still receive promotional balance transfer offers in your Citi account from time to time. Additionally, you can also contact Citi customer service and initiate a balance transfer over the phone. All you have to do is call the number on the back of your card with your account information ready. How to check the status of your balance transfer
You can check the status of your Citi balance transfer through your account. All you have to do is: Log in to your Citi account. Click “Payments and Transfers” at the top of the page. From there, click “Balance Transfers.” Then, click “View Balance Transfer Status.” What to know after completing a balance transfer with Citi
Your Citi balance transfer may from start to finish, so you’ll want to keep an eye on your old account until it shows a $0 balance. You’ll also need to continue making payments on your until the balance transfer is complete. If you still have a balance showing and you fail to make a payment on your old card before your due date, you could be stuck paying late fees and see a drop in your credit score. Once your balance transfer has been fully processed and your old account shows a $0 balance, you can choose to keep that account open or call the card issuer and close it. Just remember that is typically positive for your since old accounts can increase the average length of your credit history (even if you’re not using them). Best Citi credit cards for balance transfers
Citi offers an array of , including cards that provide a 0 percent APR for a limited time. Make sure to compare Citi balance transfer cards in terms of their benefits, introductory balance transfer offers, rewards and fees before . The following Citi credit cards offer the best balance transfer terms: Citi Simplicity Card Best for debt consolidation
The offers a 0 percent intro APR on balance transfers for 21 months (then a variable APR of 16.99 percent to 27.74 percent), which is one of the longest introductory APR offers on the market today. There’s no annual fee, but you’ll be required to pay an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balances transfers completed within 4 months of account opening. Also, with the Citi Simplicity Card, you won’t pay any late fees or . Other cardholder benefits include a 0 percent intro APR on purchases for 12 months (followed by a variable APR of 16.99 percent to 27.74 percent), free FICO score access, the flexibility to choose your own due date and $0 fraud liability. Citi Diamond Preferred Card Best for purchases and balance transfers
The also offers a 0 percent intro APR on balance transfers for 21 months and a 0 percent intro APR on purchases for 12 months (then a 15.99 percent to 26.74 percent variable APR). You’ll also avoid an annual fee, but you’ll have to pay a 5 percent balance transfer fee (minimum $5) on debt you transfer over, and balance transfers must be completed within four months of account opening. This card lets you choose your own payment due date and provides free access to your FICO score, too. You’ll also get access, which lets you purchase presale tickets to concerts, sporting events and more. Citi Double Cash Card Best for earning flat cash back
The is unique because it offers both and a lengthy balance transfer offer. You’ll get a 0 percent intro APR on balance transfers for 18 months (followed by a variable APR of 16.99 percent to 26.99 percent). You’ll also get the chance to earn up to on everything you buy — 1 percent when you make a purchase and another 1 percent when you pay it off. This card also comes with no annual fee. With this card, you’ll get an intro 3 percent balance transfer fee (minimum $5) for any balances you transfer within the first four months of account opening. A 5 percent fee (minimum $5) applies for any transfers completed after four months. When it comes to , this card lets you cash in your rewards for statement credits, direct deposits, checks or , which offer more redemption options like shopping on Amazon or gift cards. Citi Rewards Card Best for rewards on everyday spending
The , which comes with no annual fee, is a good card for both balance transfers and . You’ll get a 0 percent intro APR on balance transfers and purchases for 15 months (followed by a variable APR of 16.49 percent to 26.49 percent). Note that an intro 3 percent balance transfer fee (minimum $5) will apply on transfers completed within the first four months of account opening. After that, a 5 percent balance transfer fee (minimum $5) applies. As for everyday rewards, you’ll earn 5X points at restaurants (on up to $6,000 in purchases per year, then 1X points; offer available for a limited time), 2X points at supermarkets and gas stations (on up to $6,000 in purchases per year, then 1X points) and 1X points on all other purchases. You can also earn a welcome bonus of 20,000 points (worth $200) when you spend $1,500 within three months of account opening. Additionally, Citi will to the nearest 10X points, meaning a $3 coffee will net you 10X points. Plus, this card comes with Citi Entertainment access and . FAQs for Citi balance transfers
How often can you transfer a balance with Citi
Citi doesn’t list any explicit limitations on how often you can transfer balances from other cards to a Citi credit card. However, the amount of debt you transfer (plus balance transfer fees) cannot exceed the available credit limit of your Citi credit card.
Can you transfer a balance from one Citi card to another Citi card
You cannot transfer a balance from one Citi credit card to another Citi credit card. If you have debt on a Citi credit card that you want to consolidate, you should consider the from other issuers (like Wells Fargo, Discover and Bank of America).
Do Citi balance transfers qualify for rewards
Citi balance transfers do not qualify for rewards. Only purchases made with your card qualify for cash back or rewards points. The bottom line
Citi offers some of the best balance transfer cards available today. None of the Citi credit cards we have highlighted charge an annual fee, and they all extend 0 percent intro APR offers for well over a year. With that much time to pay down debt interest-free, you could make a huge dent in your debt — or even . Before you select a card, make sure to compare all of the on the market today to find the right card for you. SHARE: Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more. 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. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Related Articles