Which banks can I balance transfer to? | finder.com
Which banks can I balance transfer to?

Can I transfer a balance across cards from the same issuer?

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If you’re ready for a balance transfer, you might run into a road block if you want to transfer between the same issuer.

If you get an offer in the mail for a balance transfer credit card, you may be ready to jump on it. You might be surprised to learn that most credit cards won’t allow you to make transfer between the same credit card company. For example, if you get an offer from American Express, it’s likely you won’t be able to transfer your debt from your Delta Skye Miles® or Blue Cash Everyday® Card from American Express because they’re all credit cards issued by Amex.

So if you’re considering a balance transfer from other credit cards, find out the issuer and what debt the credit card is willing to take on.

Our pick for balance transfers from other issuers: Blue Cash Everyday® Card from American Express

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.99% to 25.99%.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees
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Compare balance transfer credit cards

Name Product Filter values Introductory Balance Transfer APR APR (Annual Percentage Rate) for Purchases Annual Fee Minimum Credit Score
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
680
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 12 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$95
670
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
680
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. Rates & Fees
0% for the first 15 billing cycles (then 13.99% variable)
13.99% variable
$0
670
A low, variable APR on purchases, balance transfers and cash advances.
0% for the first 15 months (then 14.99%, 18.99% or 24.99% variable)
14.99%, 18.99% or 24.99% variable
$0
670
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees.
0% for the first 18 months (then 12.99%, 16.99% or 20.99% variable)
12.99%, 16.99% or 20.99% variable
$0
670
An 18 months 0%% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
0% for the first 15 billing cycles (then 16.99% variable)
16.99% variable
$195
740
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
0% for the first 15 billing cycles (then 16.99% variable)
16.99% variable
$495
670
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
0% for the first 15 billing cycles (then 16.99% variable)
16.99% variable
$995
740
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
$0
670
0% Intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
$0
670
0% intro APR for 15 months from account opening on purchases and balance transfers.
1.99% for the first 6 monthly billing cycles (then 16.24% to 22.24% variable)
16.24% to 22.24% variable
$0
670
1% cash back to the nonprofits, K-12 schools, colleges and religious organizations of your choice.
9.95% for the first 6 months (then 17.99% fixed)
17.99% fixed
$39
300
Borrow up to $10,000 and get your credit score back on track.
0% for the first 12 statement closing dates (then 15.24% to 25.24% variable)
15.24% to 25.24% variable
$0
720
Earn more cash back for the things you buy most.
NASA Federal Platinum Advantage Rewards Credit Card
NASA Federal Platinum Advantage Rewards Credit Card
7.9% for the first 90 days (then 11.9% to 17.99% variable)
11.9% to 17.99% variable
$0
670
Enjoy perks and save money while gaining points with every purchase.
10.99% for the first 6 months (then 24.99% variable)
24.99% variable
$0
580
2% Cashback at restaurants or gas stations on up to $1,000 in combined purchases each quarter. Plus 1% cash back on all other credit card purchases.
20.99% variable
$25
300
Establish credit history - with responsible use you may be upgraded to an unsecured credit card.
21.99% variable
$39
300
Help establish, strengthen - even rebuild your credit
20.99% variable
$29
300
Establish your credit and reap the benefits. Get worldwide purchasing power and flexibility as you work to build or re-establish your credit history.
24.99% variable
$0
300
Take control and build your credit with responsible use.
Aspire Platinum Mastercard®
Aspire Platinum Mastercard®
0% for the first 6 billing cycles (then 8.9% to 18% variable)
8.9% to 18% variable
$0
580
We'll help you score major savings with a 0% introductory APR* on purchases and balance transfers for 6 months.

Compare up to 4 providers

Can I transfer debt with the same issuer?

Transferring debt between the same issuer is typically not allowed. Most credit card companies has restriction on transferring balances on other credit cards or other loans from the same issuer. For example, if you have debt on a Saks Fifth Avenue store card, Sony and Kohl’s that you’d like to consolidate onto a Capital One card, your application will likely be denied because they’re all affiliates Capital One.

Check with the issuer before you apply for your balance transfer card to learn if you can transfer balances with certain providers. Though there are sometime exceptions. For example, Barclays will consider a transfer between some of its issued cards at its discretion.

What’s the difference between a credit card issuer and a credit card brand?

To understand this more clearly, let’s distinguish between a credit card issuer and credit card brand. While credit cards are often branded by banks, stores or even supermarkets — like Lowe’s, Amazon and Costco — these cards are actually issued by larger financial institutions like Visa.

Changes between credit card brands and issuers

Some credit card brands may change card issuers from time to time. So, check your current card issuer when you’re about to request a balance transfer. In some cases, a different issuer may be affiliated with your account, which could affect your ability to balance transfer your debt to other associated credit card brands.

Why are balance transfers not allowed between cards by the same issuer?

When credit cards send you a balance transfer offer in the mail, they’re looking for new customers. Balance transfers let you shift debt from one creditor to another, with a benefit of lower rates. It’s not likely they’ll let you to transfer other debt with them — debt they’re profiting from — to get a lower rate.

What happens if I apply for a balance transfer with the same credit card issuer?

If you accidentally apply for a balance transfer with the same provider, the impact depends on the companies involved and your financial circumstances. Some potential outcomes include:

  • Your application may be declined.
    In most cases, the reason that your application is denied usually has more to do with other factors including your credit score and history. Even if a balance transfer isn’t possible, you could still be approved for the card.
  • It could affect your credit score.
    A denied application can potentially lower your credit score. Every time you apply for a credit card, the company does a hard pull on your credit that can temporarily lower your score. So, multiple denied applications can be bad news for your credit.
  • You could get an offer for the new card without the balance transfer.
    If you have good credit, you’ll likely to be approved for the card, even without the balance transfer offer.

Bottom line

Banks and credit card issuers will generally not allow you to transfer debt balances from a card issued by the provider or its affiliates. However, you can check with the issuer before applying for a new card. Contact the bank or credit card company and explain which companies you want to transfer debt from and ask if it’s allowed.

Before applying for any balance transfer, read the terms and conditions to understand the fees, expectations and limitations. Even if a bank allows you to transfer your balances, promotional terms such as 0% interest rates may not always be available to existing cardholders.

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Important Information*
Deserve® Classic Card
Deserve® Classic Card

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24.49
variable

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0 For the first year
More info
Luxury Card Mastercard® Gold Card™
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16.74
variable

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995 For the first year
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First Access Visa Card®
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