The Chase Freedom Unlimited balance transfer fee is Either $5 or 5% of the amount of each transfer, whichever is greater. The fee applies to each balance transferred to the Freedom Unlimited Card.
Freedom Unlimited’s maximum balance transfer limit is $15,000, or your card’s total credit limit, whichever is less. So make sure you have enough available credit to cover the transaction, including transfer fees. If you’re doing a balance transfer on the application, the full amount you request isn’t guaranteed since you won’t know your credit limit until you’re approved. Chase will usually decline any balance transfer request over the approved limit. In some cases, they may adjust a balance transfer down to an acceptable amount.
To do a balance transfer with a Chase credit card, you will need a Chase card that is eligible for balance transfers. Log into your account to see if your card is eligible. If so, enter the account number(s) from which you’re transferring the debt and the amount of your desired transfer. Accept the Terms and Conditions to complete the transfer.… read full answer
You can also complete a balance transfer with Chase by phone. Call the customer service number and ask to speak to a representative. You will need the name of the account with the debt to be transferred, and the transfer amount.
A balance transfer with Chase allows you to pay off debt interest free, or at a reduced interest rate for a specified number of months. Chase charges either $5 or 5% of the amount of each transfer, whichever is greater.
You cannot transfer debt from one Chase credit account to a Chase credit card. You’re also limited to $15,000 in balance transfers in 30 days, and you must have enough available credit to cover any transfer, including fees.
Here’s how to do a balance transfer with Chase:
Log into your online account. From the menu at the top of the screen, click the Pay & Transfer drop down menu and select card balance transfers. You cannot use a debit card or a prepaid card for balance transfers.
You will see your Chase card information and a balance transfer offer. The offer will provide the APR and how long the transfer APR will be in effect. You will also be advised of the amount of the transfer fee and the amount of your credit limit available for balance transfers.
You will be asked to perform the transfer by a specific date. Chase requires balance transfers be completed within the first 60 days in order to be valid.
Click Next. Enter the account number of the account from which you’ll be transferring debt.
Enter the amount you’d like to transfer. You cannot transfer more than $15,000 or more than your available credit limit, including any transfer fees. If you enter an invalid amount, you will see an error message displaying the maximum amount you are allowed to transfer.
Read the Terms and Conditions specific to the offer. Click the “Agree and Continue” box.
You will have an opportunity to review, edit or cancel the balance transfer. If everything is correct, click “Set up transfer.”
Balance transfers can take up three weeks to post. Continue to make payments on any transferred accounts until the transfer posts to your account to avoid any late payment charges.
The best free balance transfer credit card used to be Chase Slate because it offered an introductory APR of 0% for 15 months on balance transfers, a $0 balance transfer fee for 60 days, and a $0 annual fee. Chase Slate also gave 0% for 15 months on new purchases. Unfortunately, Slate is not accepting new applications for the moment.… read full answer
There are a few free balance transfer offers available right now. But it’s important to remember that no balance transfer is guaranteed to be free. If you get the right card and repay what you owe by the time regular rates take effect, you’ll have yourself a free transfer. But if you have a balance remaining at that point, or you miss a monthly minimum payment along the way, you’ll end up owing interest.
Best free balance transfer credit cards:
SunTrust Prime Rewards Credit Card: 3.25% (V) for 36 months on balance transfers, $0 balance transfer fee for 60 days, $0 annual fee.
Navy Federal Credit Union Platinum Credit Card: 0% for 12 months on balance transfers, $0 balance transfer fee, $0 annual fee.
Edward Jones Business Credit Card: 0% for 12 months on balance transfers, $0 balance transfer fee, $0 annual fee.
Citi Simplicity: intro APR of 0% for 18 months on balance transfers, 3% (min $5) balance transfer fee, $0 annual fee.
U.S. Bank Visa® Platinum Card: 0% for 20 months on balance transfers, 3% (min $5) balance transfer fee, $0 annual fee.
Bank of America® Cash Rewards Credit Card for Students: 0% for 12 months on balance transfers, 3% (min $10) balance transfer fee, $0 annual fee.
Citi® Diamond Preferred® Card: intro APR of 0% for 18 months on balance transfers, 3% (min $5) balance transfer fee, $0 annual fee.
All in all, it’s difficult to find a balance transfer credit card that not only has a 0% intro APR but also charges no annual fee and balance transfer fee. Now, banks tend to offer either no balance transfer fee credit cards or 0% balance transfers, but not both.
If you’re a student or have at least good credit, though, you’ve got some good options.
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