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Capital One balance transfer credit cards
You can request a transfer 10 days after account opening.
Compare Capital One balance transfer credit cards
Capital One previously offered balance transfer intro APRs for the Capital One® SavorOne® Cash Rewards Credit Card and Capital One® Quicksilver® Cash Rewards Credit Card. At the time of this writing, it’s removed these benefits.
There is a silver lining: While you’ll have to make your transfer at a card’s normal APR, you can often do so for no fee.
What's in this guide?
- Compare Capital One balance transfer credit cards
- How to apply for a balance transfer with Capital One
- What are the benefits and drawbacks of a balance transfer with Capital One?
- What debts are eligible for a balance transfer with Capital One?
- I got the card. Now what?
- Bottom line
- Frequently asked questions
How to apply for a balance transfer with Capital One
- Choose a Capital One card and check its balance transfer details.
You can see the product’s terms near the bottom of the card page. Verify the intro APR, if applicable, and the range of ongoing APRs. Then click Apply now.
- Fill out the application.
Complete the form with information such as your name, address, contact details, employment status and annual income.
- Look for a balance transfer checkbox.
If given the option, select “Yes” under “If approved, do you plan to transfer any balances from other non-Capital One credit cards?” You’ll have the opportunity to request a transfer after you’re approved.
- Wait for approval.
In many cases, you’ll receive an immediate decision on your application. If Capital One needs to review your application further, look for a decision within seven to 10 business days.
- Wait several days before requesting a transfer.
According to Capital One, you can request a transfer 10 days after account opening.
- Request a balance transfer.
Log in to your Capital One online account, or call the number on the back of your card and speak with a representative. You’ll need information such as the number of your old card account and how much you wish to transfer.
- Wait for your balance transfer to complete.
Keep paying your current creditors until your balance transfer is done. This will help you avoid late fees and hits to your credit score.
How long will it take to complete a balance transfer with Capital One?
According to Capital One, a transfer usually takes three to 14 days.
You may be eligible to apply for a Capital One card if:
- You’re at least 18 years old.
- You have a valid Social Security number or taxpayer ID.
Some conditions may make you ineligible, including:
- Your monthly income doesn’t exceed your monthly rent or mortgage payment by $425.
- Your address is in a correctional institution.
- You’ve applied for a Capital One product two or more times in the last 30 days.
- You have five or more open card accounts with Capital One.
- One of your Capital One card accounts is past due or over limit.
- One of your Capital One cards has been charged off within the past year. Learn more about charge-offs and debt collection in our quick guide.
- You have a non-discharged, or unresolved, bankruptcy.
What do I need to apply?
Here’s what you’ll need for a Capital One application:
- Full name
- Date of birth, Social Security number and citizenship status
- Residential address, email address and primary phone number
- Employment status, total annual income, monthly rent or mortgage, checking or savings account status and credit card spend per month
What are the benefits and drawbacks of a balance transfer with Capital One?
Consider making a balance transfer with Capital One if these benefits resonate with you.
- Balance transfer intro APRs.
Capital One may offer balance transfer intro APRs that last up to . However, the issuer periodically removes these promotional interest rates, so check each card’s terms to make sure.
- No annual fee.
This helps lower the overall cost of your balance transfer.
- Potentially low ongoing APR.
If you have excellent credit, you’ll likely qualify for a low ongoing purchase and balance transfer APR with cards such as the Capital One® SavorOne® Cash Rewards Credit Card, which is as low as a 15.49% variable.
- Rewards.Capital One® SavorOne® Cash Rewards Credit Card offers strong rewards even after your intro APR expires — notably, 3% cash back on dining and entertainment. Capital One® Quicksilver® Cash Rewards Credit Card offers 1.5% cash back on all purchases.
- Balance transfer fee promotions.
Capital One usually offers no balance transfer fees for transfers you make at the normal APR. But transfers made outside the intro APR period accrue interest immediately.
Here’s why Capital One may not be the best balance transfer provider for you:
- Few options for balance transfer intro APR.
Only two cards tend to offer balance transfer intro APRs: the Capital One® SavorOne® Cash Rewards Credit Card and Capital One® Quicksilver® Cash Rewards Credit Card. What’s more, Capital One doesn’t always offer promotional rates for these products.
- 10-day waiting period.
After account opening, there’s generally a 10-day waiting period before you can make a balance transfer request. Many other providers let you request balance transfers as you apply for your card.
- Look elsewhere for intro APR and $0 transfer fees.
If you want both at the same time, consider the Chase Slate® credit card, or the BankAmericard® Credit Card or other similar options.
Consider a balance transfer card from another brand
Citi® Diamond Preferred® CardRead more
What debts are eligible for a balance transfer with Capital One?
You can transfer debt from …
- Non-Capital One credit cards.
- Other balances such as auto or personal loans.
You can’t transfer debt from …
- Capital One-issued accounts.
Can I transfer balances to another Capital One card?
No. You also can’t transfer balances from these cobranded Capital One-issued products:
- Bass Pro Shops CLUB
- BuyPower Card
- Union Plus
- Teamster Privilege
Providers typically use balance transfer offers to lure customers from other banks. If you’re already a Capital One customer, there’s no need for the bank to spend money to acquire your business — hence the lack of balance transfer options.
I got the card. Now what?
- Close existing accounts if you wish. Call existing providers to close accounts you’ve transferred balances out of. Note that this may lower your credit score because it changes your utilization ratio.
- Make a plan to pay off your transfer. Consider paying off your transfer before your intro APR expires. You can clear your debt more easily by breaking your balance down into monthly payments.
- Make payments on time. This will help you avoid late fees and, in certain cases, loss of your intro APR. Consider setting up automatic payments.
- Contact customer support. If you have questions about your balance transfer, call the number on the back of your card. You can also call 800-227-4825 or tweet the bank @AskCapitalOne.
While only two Capital One cards offer intro APRs, they come with rewards and strong 0% intro APR periods.
If you’re not sure a Capital One card is best for you, consider other cards for balance transfers.
Frequently asked questions
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