The Chase Freedom Flex balance transfer fee is either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). This fee gets added to the balance that’s transferred, and the total amount is subtracted from the account’s available credit until you repay it.
What you should know about the Chase Freedom Flex balance transfers:
Balance transfer APR: The Chase Freedom Flex offers an intro transfer APR of 0% for 15 months. After the intro rate expires, the remaining balance will accrue interest at the card’s regular APR of 19.24% - 27.99% (V).
Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after).
Balance transfer limit: The balance transfer amount, including the fee, can’t exceed your credit limit or $15,000, whichever is lower. That means you can’t transfer a balance of more than about $14,285 to Chase Freedom Flex, considering the balance transfer fee.
Note that Chase only allows you to transfer credit card debt. Plus, you cannot transfer balances from one Chase credit card to another.
The Chase Freedom Flex annual fee is $0. Chase Freedom Flex’s $0 annual fee is lower than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Chase Freedom Flex℠ card, though.
Chase Freedom Flex Fees
Annual Fee: $0
Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.
The starting Chase credit card credit limit could be as low as $500 or as high as $25,000+, depending on the card and your overall credit standing. One of the Chase credit cards with the highest starting limit is the Chase Sapphire Reserve®, which has a minimum credit limit of $10,000. TheChase Freedom Flex℠ card’s minimum credit limit, on the other hand, is one of the lowest Chase offers, at $500.… read full answer
For certain cards, Chase will approve you for either a Signature or Platinum account. Platinum accounts have lower starting limits than Signature, so applicants with lower credit scores who are approved will get a Platinum account. All individuals approved for Signature accounts typically receive a credit limit of at least $5,000.
To do a balance transfer with the Chase Freedom Flex card, new applicants can just complete the balance transfer portion of the Chase Freedom Flex application. Existing cardholders can request a balance transfer online or by calling customer service at (800) 432-3117.
Chase Freedom Flex 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.… read full answer
How to Do a Balance Transfer with Chase Freedom Flex (New Applicants)
Open the Chase Freedom Flex 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 Chase Freedom Flex (Existing Cardholders)
Log in to your Chase Freedom Flex 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 a Chase Freedom Flex Balance Transfer
The Chase Freedom Flex 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 Chase Freedom Flex 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: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). Make sure to take this into account, too.
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