Chip Lupo, Credit Card Writer
@CLoop
To do a balance transfer with the Amazon Credit Card , new applicants can just complete the balance transfer portion of the Amazon Credit Card application. Existing cardholders can request a balance transfer online or by calling customer service at 1 (800) 432-3117.
Amazon Credit Card balance transfers usually take up to 21 days to process. In the meantime, continue to make payments on your original debt to avoid any late fees and possible damage to your credit score.
How to Do a Balance Transfer with Amazon Credit Card (New Applicants)
- Open the Amazon Credit Card application.
- Enter the account number for your existing balance.
- Enter the amount you want to transfer.
- Include standard application info such as your name, Social Security number, and annual income.
- Submit the application.
How to Do a Balance Transfer with Amazon Credit Card (Existing Cardholders)
- Log in to your Amazon Credit Card account.
- Select "Card balance transfers" from the Pay & Transfer menu.
- Click "on the balance transfer offer you'd like to redeem."
- Enter the account number(s) and the amount(s) you'd like to transfer.
- Verify your information is correct and submit the application.
Key Things to Know About an Amazon Credit Card Balance Transfer
The Amazon Credit Card accepts balance transfers from other credit cards and Chase may allow you to send some or all of your available credit to your checking account to pay non-credit card debts with balance transfer terms. The Amazon Credit Card does not allow balance transfers from other Chase credit accounts.
If you're transferring a balance to a credit card with an introductory APR on balance transfers, try to pay off the balance before the introductory rate expires. Any balance remaining after that will accumulate interest daily at the card's regular APR. Using a balance transfer calculator can be a big help.
Finally, the card's balance transfer fee is: 4% (min $5). Make sure to take this into account, too.
People also ask
Is it a good idea to do a balance transfer?
Yes, it is a good idea to do a balance transferif you need multiple months to pay off high-interest debt and you are able to qualify for a 0% balance transfer credit card deal. Most balance transfer cards require a 700+ credit score, and most also have high regular APRs, making it important to repay what you owe before the 0% period ends.
What you should know before making a balance transfer:
- You generally need...
What is a balance transfer APR?
A balance transfer APR is the interest rate an issuer charges on debts moved to a credit card from another loan or card. Many balance transfer offers include an introductory 0% APR that lasts for a specified number of months, usually 6 to 21 months.
Once an introductory balance transfer APR expires, any remaining balance accrues interest at the card’s regular balance transfer APR. This interest accrues daily, and it is calculated by multiplying the day’s...
read full answerDoes a balance transfer count as a payment?
A balance transfer does count as a payment to the original creditor to which you owed the balance. The issuer of the balance transfer card will submit payment to the old creditor for the amount of the transfer. Once the first monthly statement comes for your balance transfer card, you will need to begin making payments to that card’s issuer.
What you should know about credit card balance transfers:
- Balance transfer timelines vary by...
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