How do I do a balance transfer with Citi?

To do a balance transfer with Citibank, new applicants can just complete the balance transfer portion of a Citibank credit card application. Existing cardholders can request a balance transfer online or by calling customer service at (800) 950-5114 .

Citibank balance transfers usually take 14 days to process. In the meantime, continue to make payments on your original debt in order to avoid any late fees and possible damage to your credit score.

How to Do a Balance Transfer with Citibank (New Applicants)

1. Open the application for the Citibank balance transfer card you want to apply for.
2. Enter the account number for your existing balance.
3. Enter the amount you want to transfer.
4. Include standard application info such as your name, Social Security number, and annual income.
5. Submit the application.

How to Do a Balance Transfer with Citibank (Existing Cardholders)

1. Log in to your Citibank credit card account.
2. Select “View Offer”, next to “You’re eligible for a balance transfer”.
3. Click “I want this offer,” then “Start your transfer”.
4. Enter the account number(s) and the amount(s) you’d like to transfer.
5. Verify your information is correct and submit the application.

Key Things to Know About Citibank Balance Transfers

• Citibank accepts balance transfers from other issuers’ credit cards, along with auto loans and student loans.
• Citibank does not allow balance transfers from other Citibank 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, there is a balance transfer fee of 3% (intro) to 5% (min $5) on Citibank balance transfers, depending on the card. Make sure to take this into account, too.