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Can I do multiple balance transfers on the same card?

Transfer as much debt as your new card's limit allows.

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Fact checked

Transferring multiple balances onto one credit card is a solid debt consolidation strategy. But before you request a balance transfer, read the card’s terms and conditions to see how much can you transfer.

In most cases, you are limited to either a specific amount, say $5,000 or $15,000, or up to 100% of your credit limit including the balance transfer fees.

Can I transfer balances from two credit cards onto one?

In most cases, yes — you can transfer balances from two or more credit cards onto one. If you’re not sure whether your card provider will allow this, call them and ask.

How many balance transfers can you do on one card?

This largely depends on the card issuer, although most of them will allow as many balance transfers as your transfer limit allows.

How to conduct multiple balance transfers on the same card

Most balance transfer applications will allow you to request one or more balance transfers when you apply. Follow these steps to request multiple transfers:

  1. Select the balance transfer credit card you’d like to apply for.
  2. Fill out the application with your personal and financial information.
  3. When you reach the balance transfer section, include the amounts and account numbers you’d like to transfer from.
  4. Submit your application and wait for a decision.
  5. Continue making payments on your old cards until the balance transfers are complete.

If the application doesn’t have enough fields to list all of the accounts you want to transfer, contact the provider to confirm whether you can request additional ones be added before you finish your application.

Our pick for a balance transfer credit card

Citi® Diamond Preferred® Card

  • 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • Shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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Compare balance transfer credit cards

%
Name Product Amount saved Balance transfer APR Balance transfer fee Recommended minimum credit score Filter values
Citi® Diamond Preferred® Card
0% intro for the first 18 months (then 14.74% to 24.74% variable)
$5 or 3% of the transaction, whichever is greater
740
An impressive 18 months intro APR on balance transfers and purchases, as well as no annual fee make this one of the top 0% APR cards available.
Citi® Double Cash Card
0% intro for the first 18 months (then 13.99% to 23.99% variable)
$5 or 3% of the transaction, whichever is greater
740
Get a strong 18 month 0% intro APR on balance transfers AND up to 2% back. This is a rare card that offers both rewards and balance transfers.
TD Cash Credit Card
0% intro for the first 15 months (then 12.99%, 17.99% or 22.99% variable)
$5 or 3% of the transaction, whichever is greater
680
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
CardMatch™ from creditcards.com
See issuer's website
300
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Citi Rewards+℠ Card
0% intro for the first 15 months (then 13.49% to 23.49% variable)
$5 or 3% of the transaction, whichever is greater
740
Get a strong 15 month 0% intro APR on balance transfers AND up to 2x points. This is a rare card that offers both rewards and balance transfers.
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Mistakes to avoid when transferring multiple balances to one card

Transferring multiple balances means you’ll need to keep track of quite a few details. That said, stay vigilant and avoid these common balance-transfer mistakes.

Forgetting about the offer deadline

With many balance transfer credit cards, you must transfer your balances within a certain period to qualify for the intro APR. For example, the Citi Simplicity® Card offers a 18 months intro APR period, but only on transfers you make within 4 months.

To make sure you get your intro APR, take a look at your provider’s card disclosure.

Not keeping track of payments on your old cards after making your balance transfers

Balance transfers usually take between seven and 15 days to complete. Before that time, you must make at least the minimum payments on your old card bills.

Not factoring in the balance transfer fee

The balance transfer fee is usually between 3% and 5% of each transaction. That means a $3,000 transfer might cost you $150. Add up a few balance transfers, and you could pay a larger fee than you thought.

To make sure the fee is worth paying, calculate how much you’ll save with your balance transfer.

What to do with older accounts

So, you’ve transferred your balances to your new credit card. Should you close your old accounts?

You can close them if you want, but it may be a good idea to leave them open. Keeping your old accounts intact helps you keep your total credit utilization low, which in turn helps you keep your credit score high.

Keeping your old accounts open helps your credit score in another way: by increasing the average age of your credit accounts.

Learn what makes up your FICO score to get the full scoop on how the factors work together.

Bottom line

It’s normal to feel apprehensive about transferring multiple balances to the same card. Take the process step by step, and ask your provider if you’re unsure about the rules.

While making your balance transfers, keep detailed records of what transactions you’ve initiated. Also, record important details about your intro APR and when you should pay off your debt.

And don’t forget to take your time when comparing balance transfer cards to find the one that’s going to best suit your needs.

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2 Responses

  1. Default Gravatar
    SaulMarch 19, 2018

    I put 300 dollars on a few goggle play cards cause the man was suppose to give $35,000 to me his name was Jerry brown and he connected me to another man name Daniel carmen out of new jersey from easy payday loans and never received the money then they was suppose to give back the $325.00 and never received that either

    • Avatarfinder Customer Care
      JoshuaMarch 25, 2018Staff

      Hi Saul,

      Thanks for getting in touch with finder.

      I’m sorry to hear about your situation. If you suspect that you have been deceived by these people, it is highly advisable to report this to the local authority. They will most likely help you find these people and bring your money back.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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