Best Capital One Balance Transfer Offers

You can transfer a balance to a Capital One credit card at any time, as long as that balance is not coming from another Capital One credit card or loan. Just sign into your account on Capital One’s website (or the Capital One mobile app), navigate to “More Account Services” and select “Transfer a Balance.” At this point, you may even receive a few different combinations of introductory APRs and balance transfer fees to pick from.

For example, a Capital One balance transfer offer for an existing customer might include a choice between options like these:

• 0% for 12 months with a 2% transfer fee
• 3.99% for 24 months with no transfer fee
• Current purchase APR with no transfer fee

However, there’s no guarantee that you will receive special transfer terms for an existing Capital One credit card. And 0% balance transfer promotions for new applicants only last for a certain number of months from the date of account opening. So there’s a good chance you’ll wind up paying interest on your transferred balance at the card’s high regular rate. And you’re unlikely to save money that way.

Fortunately, there are plenty of 0% balance transfer credit cards from other issuers for you to consider.

To do a balance transfer with Capital One, new applicants can just complete the balance transfer portion of a Capital One credit card application. Existing cardholders can request a balance transfer online or by calling customer service at the number on the back of their card.

Capital One balance transfers usually take 3-14 days 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 Capital One (New Applicants)

1. Open the application for the Capital One 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 Capital One (Existing Cardholders)

1. Log in to your Capital One account.
2. Select “Transfer a Balance” from the “I Want To...” menu.
3. Click “Select Offer.”
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 Capital One Balance Transfers

Capital One accepts balance transfers from other issuers’ credit cards, along with personal loans, student loans and auto loans. Capital One does not allow balance transfers from other Capital One credit accounts. Using a balance transfer calculator can be a big help.

Finally, there is a balance transfer fee only if the card has a promotional intro balance transfer APR deal. For balance transfers at the card’s regular transfer APR, there is no transfer fee. Make sure to take this into account, too.

No, you cannot transfer a balance from one Capital One credit card to another. But this isn’t a policy unique to Capital One. No credit card company will allow you to transfer a balance from one of its cards to another. There’s just nothing in it for them.

Think about it: you’re only going to transfer a balance if you can get a lower interest rate and save money in the process. And if you’re saving money, your credit card company would have to be losing money, assuming the same issuer provided both cards in the balance transfer equation.

There are different factors in play when you transfer a balance from another company’s credit card, though. In particular, Capital One won’t make any money off of that balance as long as it’s held on the other issuer’s credit card. But if Capital One can convince you to transfer that balance, perhaps by offering a 0% intro rate, it’s in the game. It could make money from interest, if you still have a balance when regular rates take effect. And it will have plenty of chances to market other potentially profitable products to you once you’re a customer.

The same is true of auto loans, personal loans and student loans from other financial institutions, all of which are eligible for a Capital One balance transfer.

To make a balance transfer with Capital One Quicksilver, just log in to your online account or the Capital One mobile app, provide the details of the account from which you wish to transfer your debt and submit your request.

How to make a balance transfer with Capital One Quicksilver:

1. Log in to your Capital One online account or mobile app.
2. Select the "Transfer a Balance" option and provide the amount you want to transfer along with the name, account number and payment address of your other creditor (from whom you wish to transfer your debt).
3. Submit your balance transfer request.

If approved, your balance transfer will be processed immediately, but it can take about 10 business days to reach your other creditor.

Capital One Quicksilver is a very good all-around credit card, though, bringing a lot of value to people’s wallets. Capital One Quicksilver offers a 0% intro APR on new purchases and balance transfers for 15 months. Plus, with this card you get a $200 bonus for spending $500 within 3 months of opening an account, and unlimited 1.5 - 5% cash back cash back on all purchases.

How Capital One Quicksilver compares to other balance transfer cards:

When comparing the Capital One Quicksilver with the best balance transfer credit cards, the Wells Fargo Reflect℠ Card offers a longer introductory balance transfer APR; 0% for up to 21 months from account opening on qualifying balance transfers. The card’s regular APR is 13.74% (V). Wells Fargo Reflect’s balance transfer fee is: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.

You cannot get a Capital One balance transfer check as they are no longer available to customers. If you have a credit card account that is eligible for balance transfers, Capital One can issue a balance transfer check directly to your other lender. Alternatively, balance transfer payments can be made by electronic transfers.

To complete a balance transfer, either log in to your online account to see if you're eligible or call the customer service number on the back of your credit card to speak with a customer service representative. When prompted, provide amount of your balance you want to transfer along with the name, account number and payment address of the other creditor. If your balance transfer request is approved, Capital One will process the balance transfer immediately. However, it can take about 10 business days to reach your other creditor.

Capital One VentureOne is not a 0% balance transfer card. While it does offer an intro period for purchases (0% for 12 months), it does not have any kind of offer for balance transfers.

On the flip side, if you do choose to transfer a balance to this card, you won't have to pay a fee.

The Capital One Venture balance transfer fee is $0 at this Transfer APR: 16.24% - 24.24% (V). This means you’ll only have to worry about paying the regular APR when transferring a balance to this card. There is no 0% APR deal for balance transfers on Capital One Venture right now, so any balance transferred to this card will be subject to the regular APR.

The usual balance transfer fee for Capital One credit cards is 3% when there is a 0% APR deal, or 0% when there is no introductory APR promotion.

You will need at least 6 months of on-time payments to be considered for a Capital One QuicksilverOne credit limit increase.
Please note that once you've been 60 or more days past due on any of your accounts, you will need consistent on time payments for up to 12 months to be considered for a credit line increase.

Your Capital One VentureOne balance transfer APR can be anywhere between 13.74% and 23.74%, based on your creditworthiness.

The Capital One balance transfer fee is either 3% or $0. More specifically, you won’t get charged with a balance transfer fee if you transfer a balance at your card’s regular APR. You will, though, get charged 3% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer you.

Having said that, it is also worth noting that the Capital One credit cards come with regular APRs of roughly 15.24% (V) to 26.99% (V). Also, please take into account that you can’t transfer a balance from one Capital One credit card to another.

Ultimately, there are currently very few offers for credit cards with no balance transfer fee available from any issuer. There are, however, many credit cards that offer 0% APR balance transfer intro periods, which could help you save a lot of money. Check out WalletHub’s Balance Transfer Calculator to see just how much you could save.