Best Chase Balance Transfer Credit Cards

No, you cannot transfer a balance from one Chase credit card to another. Generally, credit card issuers do not allow balance transfers from one of their cards (or loans) to another. But you can move your Chase debt to one of the best balance transfer credit cards as long as it is provided by a different issuer.

Before transferring your debt, make sure that your balance transfer will lower the cost of you existing debt. To do so, take into consideration any balance transfer fees and the regular APR that your balance will be subject to once introductory rates are over. You can also use WalletHub’s free balance transfer calculator to see which credit card will save you the most money.

Yes, Chase does charge a balance transfer fee on some of its credit cards. The Chase 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) on some credit cards. Other Chase cards charge either $5 or 5% of the amount of each transfer, whichever is greater.. The fee depends on the card.

Popular Chase Credit Cards With Balance Transfer Fees

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.

The most important thing you should know before getting a Chase Freedom Unlimited balance transfer is that the card’s regular APR is 19.49% - 28.24% (V) (which applies after the intro period ends). Plus, it has a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). You can do a balance transfer with the Chase Freedom Unlimited card through your online account or by calling customer service at (800) 432-3117. The card is good for balance transfers as it has an intro APR of 0% for 15 months.

Here’s what you should know about the Chase Freedom Unlimited balance transfer:

• How to: To do a balance transfer after you’ve gotten the Chase Freedom Unlimited card, log in to your online account, click the “Things you can do” drop-down menu on your account details page, and select “Transfer a balance”. Enter the credit card number with the balance you want to transfer and the transfer amount. Then, click “Continue,” verify your information, and submit the balance transfer. Or, you could request a Chase Freedom Unlimited balance transfer by phone, by calling customer service at (800) 432-3117.
• Balance transfer intro APR: 0% for 15 months
• Regular APR: 19.49% - 28.24% (V), depending on your creditworthiness.
• 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).
• Exclusions: Chase only allows you to transfer credit card debt, and you cannot transfer balances from one Chase credit card to another.
• Balance transfer limit: It’s important to understand that a Chase Freedom Unlimited balance transfer, including transfer fees, is limited to your available credit or $15,000, whichever is lower. If your balance transfer exceeds the approved limit, Chase will usually reject the transaction. In some cases, they may adjust a transfer request to an amount less than the maximum allowed.
• Processing time: Balance transfers can take up to three weeks to process, so be sure to keep up payments on your other accounts until the transfer goes through.

If you’re thinking about applying for Chase Freedom Unlimited, there’s an option to request a balance transfer on the application. From the balance transfer section of the app, enter the existing card’s number and how much you want to transfer. Just know that balance transfers are not guaranteed even if you’re approved for the card.

You can do a balance transfer with the Chase Sapphire Preferred card through your online account or by calling customer service at (800) 432-3117. However, keep in mind that balance transfers with a Chase Sapphire Preferred are expensive. The card does not offer an introductory 0% APR on balance transfers.

People who shift existing credit debt to Chase Sapphire Preferred will immediately start owing interest at the card’s regular APR of 20.49% - 27.49% (V). They will also owe a transfer fee: either $5 or 5% of the amount of each transfer, whichever is greater. The point of a balance transfer is to save money, and Chase Sapphire Preferred won’t help that happen unless the APR you get on the card is a lot lower than the one on your existing debt.    

Here’s how to do a Chase Sapphire Preferred balance transfer:

If you’re a current Chase Sapphire Preferred cardholder and wish to do a balance transfer, you can try to request one after you receive the card. Call customer service at (800) 432-3117 or log into your online account and choose your card. Then, enter the amount you want to transfer, verify the information and submit the request. Keep in mind that Chase only allows you to transfer credit card debt. It is also worth noting that you cannot transfer balances from other Chase accounts.

The best balance transfer credit card offers come with a promotional 0% interest rate and give you from 6 to 21 months to pay off the debt interest-free. But many balance transfer cards with 0% introductory rates tend to have high regular APRs and fees. Only a few come with no balance transfer fee.

A Chase balance transfer takes 5-7 business days for electronic/wire requests, and 14- 21 business days for mail/check transfers. It usually depends on how long the original creditor takes to process the transferred amount. While the transfer is pending, you should continue to make payments on the old account to prevent any late fees.

Key Things to Know About Chase Balance Transfers

• Balance transfer timeframe: It can take anywhere from 5 to 21 business days for the balance transfer to be posted to a Chase account after the request is made, depending on the type of transfer.
• Balance transfer fees: The standard Chase 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). The fee is added to the Chase account balance when the transfer goes through.
• Balance transfer limitations: You cannot transfer a balance to a Chase credit card from another credit card or loan issued by JPMorgan Chase or its affiliates.
• Maximum balance transfer amount: The transferred balance can't exceed the credit limit of your Chase card. You also can't transfer more than $15,000 within any 30-day period.
• Rewards: Balance transfers don't count as purchases, so Chase won't issue any points, miles, or cash back for the transferred amount.

You can request a balance transfer from your online account or by calling Chase customer service at (800) 945-2000. If you're applying for a new Chase credit card, you can fill out the balance transfer section of the application form.

A Chase balance transfer check works like a traditional bank account check. The only difference is that with a balance transfer check, the funds will be drawn from a Chase credit card’s line, rather than from a checking account. 

With a Chase balance transfer check, you can pay off higher-rate credit cards and transfer the balance to your Chase credit card with an eligible lower rate. You can also transfer your balance to a bank account.

There are a few things to keep in mind regarding Chase balance transfer checks:

• Chase does not send balance transfer checks via mail to new cardholders.
• Balance transfer offers are valid only for a specified number of months. Once any introductory rate expires, you’ll be charged interest at the card’s regular APR on any unpaid balance.
• Balance transfers checks can only be used for balance transfers or for depositing money into your bank account. These two transactions will be acquiring interest at the card’s balance transfer APR. Note that these kind of transactions may also be subject to a fee. 
• You cannot use balance transfers to pay off another credit card or loan issued by Chase.

You can get a balance transfer check by calling customer service at (800) 945-2000. You can also request one from your online account. 

Chase Slate balance transfer checks work like traditional bank account checks, except that they are used to borrow funds against your balance transfer credit limit. Chase Slate balance transfer checks are periodically offered to customers, if an offer is available. However, you can't request for them to be sent.

What you should know about Chase Slate balance transfer checks:

• If you’ve received Chase Slate balance transfer checks, you can use them to cover pre-existing debt by writing a check to another creditor.
• You can also call the number on the back of your card to transfer funds into a qualifying checking account.
• In the situations mentioned above, balance transfer checks are treated as balance transfer transactions that are subject to your card's corresponding interest rates and fees. After the end of an introductory 0% balance transfer APR period, any remaining balances will be subject to the card's regular APR.

Keep in mind that if you cash your Chase Slate balance transfer checks, or use them for regular purchases, your transactions will be treated as cash advances. And these are very expensive transactions. Aside from a cash advance fee, using balance transfer checks in this way will also accrue interest immediately, with no grace period.