Yes, Capital One does offer balance transfer deals to existing customers from time to time. Existing cardholders can check to see if they’re eligible for a balance transfer offer by signing into their account on the Capital One website or mobile app. Capital One allows cardholders to transfer balances from other credit cards, personal loans, student loans, and auto loans, but you cannot transfer a balance from one Capital One account to another.
Some Capital One credit cards may offer balance transfers with a 0% introductory APR for a set number of months in addition to a balance transfer fee up to 3% of the transferred amount. Other offers may allow you to make a balance transfer at the card’s regular APR but with a $0 balance transfer fee.
How to Check for Capital One Balance Transfer Offers
- Log in to your Capital One account online or on the mobile app.
- Click on your card from the account summary page to access your account info.
- Open the “I Want To” drop-down menu.
- Click the “Transfer a Balance” link under the “Offers and Upgrades” menu.
- View any available offers and choose one.
Eligible cardholders may receive a few different combinations of introductory APRs and balance transfer fees to pick from. However, there’s no guarantee that you will receive the same promotional balance transfer rates that Capital One offers to new customers.
It’s also important to note that 0% APR balance transfer promotions only last for a certain number of months after the balance is transferred, so be sure to pay off the entire balance before the intro rate expires. Otherwise, you’ll wind up paying interest on your remaining balance at the card’s high regular rate.
If you aren’t eligible for a balance transfer on your Capital One credit card, there are plenty of 0% balance transfer credit cards from other issuers for you to consider. When choosing a balance transfer card, you’ll want the offer that will save you the most money. That’s where WalletHub’s balance transfer calculator can help. Just plug in the necessary info to see how much each balance transfer offer could save you. Our calculator will also recommend credit cards that could save you money and help you get out of debt faster.
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