How to Do a Balance Transfer With Capital One

Transferring a balance to a Capital One card is a straightforward procedure, with most transfers facilitated online and completed within three to 15 business days. Notably, Capital One allows you to transfer personal, student and auto loans, unlike most issuers that only allow the transfer of credit card debt.

Capital One's balance transfer credit cards provide a 15-month 0% intro APR period on balance transfers. These cards also let you earn rewards from your purchases, which you can use to pay off your balance.

Capital One allows you to transfer balances and loans to new and existing cards. In both cases, you will follow the same process. Submitting a balance transfer request is simple, but it may take up to 15 business days for the transferred amount to reflect on the original account.

1. Compare Capital One balance transfer cards to find one that aligns with your financial goals, ideally with a 0% intro APR offer and no annual fee.
2. Apply for the card. Upon approval, you may initiate the balance transfer request online.

1. Log in to your Capital One account.
2. Select the credit card account you want to use for the balance transfer.
3. Choose “Transfer a Balance” from the drop-down menu and click “Select Offer” next to the balance transfer offer of your choice.
4. Enter the necessary details and submit your request.

Capital One typically processes balance transfers immediately, but it may take up to 15 business days for the funds to reach the other creditor. Monitor your old account and continue making payments until the transfer is confirmed to avoid late fees and penalties.

To check the status, log in to your Capital One online account or call 1-800-227-4825. Keep an eye on both your Capital One and old accounts to ensure the transfer is completed successfully.

Before you initiate a balance transfer with Capital One, it's wise to understand the terms and conditions that will apply. Here's a rundown of what to expect, which can help you decide if a balance transfer is right for your financial situation and avoid surprises down the line.

Capital One's balance transfer credit cards all feature a 15-month 0% intro APR period on balance transfers and no annual fee. Their differences lie primarily in how they reward purchases, so the best card for you will depend on how you want to earn your rewards.

The Quicksilver Cash Rewards card is a strong contender if you prefer simple rewards. It provides unlimited 1.5% cash back on all purchases.

Meanwhile, if you want to earn more rewards, the SavorOne Rewards card can be an option. It lets you earn unlimited 3% cash back on dining, entertainment, streaming and grocery stores and 1% cash back on all other purchases.

Remember that you can use the cash back you earn to pay off your balance, so choosing the more lucrative option can help you eliminate your credit card debt.

MoneyGeek answers some common questions about balance transfers with Capital One to help you make an informed financial decision.

Moving your debt with a balance transfer can help you save on interest and pay it off more easily. Before you decide to transfer with Capital One, consider the fees involved and your ability to clear your balance before the promotional period ends.

Capital One’s 15-month 0% intro period on balance transfers is competitive and on par with other providers. However, if you need a longer time to pay off your balance, you can find balance transfer cards that offer up to 21 months of no interest.