How many balances can I transfer onto a balance transfer card? | finder.com
Can you transfer multiple credit cards with a balance transfer? content feed image

Can you transfer multiple credit cards with a balance transfer?

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You can transfer as much debt as your new card’s limit allows — but clarify the rules with your provider.

Most providers allow you to transfer two to five balances to the one account, though this will vary from provider to provider. As long as your total transfer balance doesn’t exceed the balance transfer limit, you should have no issue transferring debts from multiple credit cards.

The average American has more than $3,000 of credit card debt. This makes the US one of the biggest borrowers in the world. This debt is typically spread among two to or three credit cards, which means most of us carry more than one card at a time.

Our pick for multiple balance transfers: 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
Promoted

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 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. You will receive the cash back in the form of a statement credit. Rates & Fees
0% for the first 12 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$95
680
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 12 billing cycles (then 13.99% variable)
13.99% variable
$0
720
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
680
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
680
An 18-month 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
715
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
715
Mastercard Black Card members 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
715
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.
9.95% for the first 6 months (then 17.99% fixed)
17.99% fixed
$39
350
Borrow up to $10,000 and get your credit score back on track.
8.90% to 25.90% variable
$0
630
This card offers the same low rate for purchases, cash advances and balance transfers.
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
680
Earn 10,000 Membership Rewards® Points after you use your new card to make $1,000 in purchases in your first 3 months.
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
$0
680
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
0% for the first 15 statement closing dates (then 14.99% to 24.99% variable)
14.99% to 24.99% variable
$0
680
Transfer high rate balances and save on interest with an introductory $0 balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% (min. $10).
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
$0
690
Earn 1.5% unlimited cash back for each dollar spent.
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
680
Enjoy perks and save money while gaining points that never expire with every purchase.
10.99% for the first 6 months (then 24.99% variable)
24.99% variable
$0
300
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
620
We'll help you score major savings with a 0% introductory APR* on purchases and balance transfers for 6 months.
1.99% for the first 6 monthly billing cycles (then 11.99% to 21.99% variable)
11.99% to 21.99% variable
$0
670
1% cash back to the nonprofits, K-12 schools, colleges and religious organizations of your choice.
22.97%, 24.97% or 26.97 variable
$39
630
Get unlimited 1.5 cash back on every purchase with no limit on how much you can earn, and no changing categories.

Compare up to 4 providers

Did you know?

Most providers allow you to transfer debt from multiple credit cards, though the total transfer must not exceed the balance transfer limit (typically between 70% and 100%). In most cases, lenders will only let you transfer a percentage of the credit limit (between 70% and 100%).

Can I transfer balances from another person?

Depending on your provider, you may be able to. Check with your provider.

You may also be able to open a joint credit card account and transfer debt to it. Then you and the other cardholder will share legal responsibility for the debt.

Learn more about transferring debt to another’s credit card account

Can I transfer balances between cards issued by the same bank?

Unfortunately, your bank won’t allow this. That’s because it uses balance transfer promotions to attract new customers, rather than give current customers a break from interest.

How to conduct multiple balance transfers

Most balance transfer applications will provide more than one section in the application for you to fill out the details of multiple balances. If the application only has the option to list two accounts, contact the provider to confirm whether you can request an additional account to be added.

Here you’ll need to provide your account details and the amount you’re transferring from each account. You’ll also need to organize the closure of your accounts once you’ve completed the balance transfer. If you don’t close your accounts, you may have to pay additional fees (such as a maintenance or annual fee).

Depending on the card, you may also be charged a balance transfer fee (usually of 2-3% of the balance amount) when completing the transfer.

Other balance transfer tips

Remember, the clock is ticking and you have to use every day you get with a balance transfer promotional rate of interest to reduce your credit card debt.

Start repaying immediately

Because the low introductory rate lasts six to 24 months, you have a limited time to repay your balance in full. Once the promotional period ends, your remaining balance will begin collecting at a rate (usually the standard interest or cash advance rate) which can exceed 20%.

Don’t use your balance transfer card for purchases

Your purchases will be paid off before your existing debt as the purchase amounts will be collecting a higher interest rate than the promotional balance transfer rate. Interest-free periods on purchases are also not awarded when you have an outstanding balance.

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 0% APR for an impressive 12 months, but only on transfers you make within the first four months.

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

To see details of your balance transfer promotion, check in the “APR for Balance Transfers” section of your provider’s card disclosure.

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

Balance transfers usually take a while to complete — often between seven and 15 days. 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 3% of each transaction. That means a $3,000 transfer might cost you $90. 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 wish, but it may be a good idea to leave them open. Keeping your old accounts intact helps you keep your total credit high, which in turn helps you keep your credit score high. (Confused how this works? Learn about credit utilization.)

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.

Bottom line

You may feel apprehensive about transferring multiple balances. That’s perfectly normal. Take the process step by step, asking 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.

Frequently asked questions

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Megan Horner

As the assistant publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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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

    • finder 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

US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

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

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
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