Rodney Bennett, WalletHub Analyst
@rodneyben
You can make a Capital One VentureOne balance transfer either online or by calling the number you see on the back of your card. Keep in mind that your Capital One VentureOne account may not always be eligible for balance transfers. You can check for eligibility and any existing offers through your online account. New cardholders can only request a balance transfer after receiving and activating their new Capital One VentureOne. After approval, it takes around 7-10 business days to receive the new card.
It is also worth noting that you cannot use balance transfers to pay off another credit card or loan issued by Capital One. And the total amount of your transfer, including any applicable fees, cannot exceed the amount for which you are eligible. This can be found within your balance transfer offer.
Capital One VentureOne Balance Transfer Details
- Eligibility: Not all Capital One VentureOne accounts are eligible for balance transfers. You can check online to see if you are eligible to transfer a balance to your Capital One VentureOne card.
- How to do it: Log in to your online account and click the "I Want To" option. Under "Offers and Upgrades", select "Transfer a Balance" and click "Select Offer." Provide the amounts you’d like to transfer and the account numbers for each creditor. You can also check for available offers and request a balance transfer by phone at the number you see on the back of your card. This way, a customer service representative will walk you through the process.
- Balance transfer APR: If eligible, balance transfers can either accrue interest at the regular transfer APR of 18.99% - 28.99% (V) (based on the specifics of your credit), or other promotional offers will be made available to you through your online account. The Capital One VentureOne currently offers a promotional APR of 0% for 15 months on balance transfers.
- Balance transfer fee: 3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time.
If you do a Capital One VentureOne balance transfer, continue to make payments to your current creditor(s) until the balance transfer posts to your account. Balance transfers can take about 10 business days to process.
It’s also worth using a balance transfer calculator to see how much a balance transfer could end up saving you.
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