How to Do a Balance Transfer With Bank of America

Completing a balance transfer with Bank of America is an easy process that can be accomplished online. It usually takes between two to four days, but it may take up to 14 days if you have a new account.

If you're really looking for a reprieve on interest charges from your existing debt, several Bank of America cards offer 0% APRs on balance transfers for an introductory period. For example, the BankAmericard® has a 18-month offer and Bank of America® Customized Cash Rewards has a 12-month offer.

A balance transfer involves moving debt from one credit card to another. Choosing a card with a 0% introductory APR offer can really save on interest while paying off your debt.

Once you've submitted your balance transfer request with Bank of America, the processing time typically ranges from two to four days. However, it may extend up to 14 days for new accounts.

It’s a good idea to continue making payments on your old card until the transfer is confirmed to avoid late fees and penalty APRs. You'll know the transfer is complete when the balance shows up on your Bank of America credit card account.

If you want to check the status of your balance transfer, log in to your Bank of America account. Navigate to the relevant section where you initiated the transfer. In this part, you'll find updates on the progress of your transfer.

For any inquiries or assistance, you can contact Bank of America customer service at (800) 732-9194.

Understanding the specifics of your balance transfer can help you navigate the process smoothly and potentially save on interest. Here's what you need to know before initiating a transfer to a Bank of America credit card:

When searching for a balance transfer card, consider the length of the 0% intro APR period, balance transfer fees and annual fees. A longer 0% intro APR period allows more time to pay down your balance without interest, and lower fees can make the transfer more cost-effective.

When searching for a balance transfer card, consider the length of the 0% intro APR period, balance transfer fees and annual fees. A longer 0% intro APR period allows more time to pay down your balance without interest, and lower fees can make the transfer more cost-effective.

The BankAmericard® credit card stands out with an 18-month 0% intro APR on balance transfers, which is the longest among Bank of America credit cards. It doesn’t offer rewards, but it works best if you’re focused on eliminating your debt.

Meanwhile, the Bank of America® Customized Cash Rewards offers a 0% intro APR for 15 billing cycles on balance transfers. It also provides 3% cash back on your chosen category, 2% cash back at grocery stores and wholesale clubs (up to $2,500 per quarter) and 1% cash back on all purchases. Customized Cash Rewards is a strong option if you’re looking to get cash back from your everyday purchases to help pay off your debt.

We respond to some frequently asked questions about balance transfers with Bank of America to provide you with the knowledge to manage your balance transfers effectively.

A balance transfer with Bank of America could be a savvy financial strategy to reduce debt and save on interest. Yet, it's not a one-size-fits-all solution. Before proceeding with a balance transfer, consider the fees and the potential impact on your credit score.

Whether or not a balance transfer is the right move for you depends on your ability to clear the balance within the 0% intro period.