Chip Lupo, Credit Card Writer
@CLoop
Yes, Capital One does charge a balance transfer fee on some of its credit cards. The Capital One balance transfer fee can be as high as 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time, though some Capital One credit cards with no 0% APR promotion offer a $0 balance transfer fee when you transfer a balance at the card’s regular APR.
Balance Transfer Fees on Popular Capital One Credit Cards
- Capital One Quicksilver Cash Rewards Credit Card: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time
- Capital One Savor Cash Rewards Credit Card: 3% for the first 12 months, 4% at a promo APR that Capital One may offer you at any other time
- Capital One VentureOne Rewards Credit Card: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time
- Capital One Venture Rewards Credit Card: $0 at the Transfer APR, 4% of each transferred balance at a promo APR that Capital One may offer
- Capital One Venture X Rewards Credit Card: $0 at the Transfer APR, 4% of each transferred balance at a promo APR that Capital One may offer
Currently, very few credit cards with no balance transfer fee are available from any issuer. However, many credit cards offer 0% APR balance transfer intro periods, which could help you save lots of money. To get an idea of how much you could save, you can check WalletHub’s balance transfer calculator.
Popular Credit Cards from Capital One, Our Partner
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Rewards
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0% Intro APR
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No Annual Fee
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Building Credit
People also ask
How can you negotiate a balance transfer fee?
To negotiate a balance transfer fee, call the credit card issuer’s customer service number before you apply for the card and make your case. People with a good, long-standing relationship with the issuer and a credit score that exceeds the card’s approval requirements will have the best chance of getting the fee waived.
Negotiating for a lowered or waived balance transfer fee may save you hundreds of dollars, but it’s more likely to be...
read full answer by Cameron DiGiovanni, WriterDo balance transfers hurt your credit?
Yes, balance transfers do hurt your credit when you open a new credit card account to do the transfer. Applying for a balance transfer credit card will generate a hard inquiry on your credit report, causing a slight dip in your credit score.
If you transfer a balance to an existing credit card account, however, there is no hard inquiry and no credit score damage. A balance transfer could still result in high credit utilization, though, and allow you...
read full answer by WalletHub, Financial CompanyCan I transfer a credit card balance to a bank account?
You can’t transfer a credit card balance to a bank account because the balance on your credit card is a debt. If you want to transfer your credit card balance to another credit card, however, you can do that with a balance transfer. You can also transfer available credit from a credit card to a bank account by doing a cash advance.
A cash advance is when you get cash from a credit card, usually at an...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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