To do a balance transfer with Citi, apply for a Citi credit card with a low introductory APR on transferred balances. Fill out the balance transfer section of the application with the amount you wish to transfer. Include the name, contact information, and account number of the creditor(s) from which you’ll be transferring the balance. A balance transfer fee may apply to each balance transferred. If approved, you’ll receive your card within 14 days of the decision.
According to Citi, balance transfers from credit cards, auto loans, student loans and several other sources are allowed, as of February 2019. However, Citi will not accept a balance transfer from another Citi account.
Here is how to do a balance transfer with Citi:
- Apply for a Citi balance transfer credit card.
- Select the transfer a balance option.
- Provide the name, address and account number of any creditor(s) and the amount(s) you’d like to transfer.
- Complete the rest of the application, submit it, and wait for a decision. Pending applications can take up to 30 days.
- If you’re approved for an account, you should receive your new card within 14 days after approval.
If you already have a Citi credit card account, you can request a balance transfer online. You can also call customer service at (800) 374-9700.
When you do a balance transfer with Citi, make sure you pay off the entire balance before any promotional APR expires. Any unpaid balance will be charged interest at the card’s regular APR. Mounting interest charges can quickly add to the debt you’re trying to eliminate.