How to Do a Balance Transfer With Chase

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Making a balance transfer with Chase is an easy process. Usually, it’s completed within a week, but it can also take up to 21 days. Transferring a balance is particularly beneficial for individuals looking to consolidate debt or seeking a reprieve from accruing interest.

When looking for a balance transfer card, it’s ideal to find one that offers a lengthy no-interest period, low fees and no annual fees. Chase has a number of cards that offer a 0% intro APR on balance transfers for 15 to 18 months.

KEY TAKEAWAYS
  • Balance transfers with Chase can be completed online or over the phone. It typically takes up to a week to process, though it can take as long as 21 days.
  • Regardless of your credit limit, the maximum amount you can transfer is $15,000 within a 30-day period.
  • Chase’s balance transfer cards, such as the Chase Slate Edge® and the Chase Freedom Unlimited®, offer a 0% intro APR period on balance transfers.

How to Do a Chase Balance Transfer

Doing a balance transfer with Chase is easy and online. Transferring a balance is the same for new and current cardholders. However, you need to get a Chase card first if you don't have one yet.

How to Transfer Balances to a New Chase Card

  1. Compare Chase cards and apply for one that aligns with your financial goals, ideally with a 0% intro APR offer and no annual fee.
  2. Upon approval, you'll have the chance to initiate a balance transfer by following the steps below.

How to Transfer Balances With an Existing Chase Card

  1. Log in to your Chase account.
  2. Choose the credit card and account to which you wish to transfer the balance.
  3. Provide your old credit card number and the transfer amount. Check all the details and press submit.

What Happens After Submitting a Chase Balance Transfer Request

Chase typically processes balance transfers within a week, though it can take up to 21 days. You'll know the transfer is complete when the balance shows up on your Chase account. Continue making payments on your old card until the transfer is confirmed to avoid late fees and penalty APRs.

How to Check the Status of a Chase Balance Transfer

To monitor the progress of your balance transfer, log in to your Chase account. You can view your recent transactions and balance details to confirm when the transfer has been applied. If you have any concerns, call Chase customer service at 1-800-432-3117 for assistance.

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MONEYGEEK EXPERT TIP

Be careful when transferring a large balance to a new credit card. If the transferred balance is close to the new card's limit, this high utilization ratio could hurt your credit instead of helping it. However, the interest savings may be worth the short-term hit to your credit score. Your score will improve as you pay down the balance and lower your credit utilization. Lee Huffman, credit card expert at BaldThoughts.com

Considerations for Chase Balance Transfers

Take note of Chase's balance transfer terms and details before deciding whether it is the right move for you.

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    Processing Time

    Most transfers are processed within a week. However, in some cases, it can take up to 21 days.

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    Balance Transfer Amount

    Online or specialist-assisted balance transfer requests cannot exceed $15,000 within any 30-day period and must be within your credit limit.

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    Introductory Period

    Transfer your balances within the first 60 days of account opening to take advantage of intro APR offers.

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    Balance Transfer Fee

    There is an intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. Afterward, the balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater.

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    Regular APR

    After the intro period, the APR ranges from 20.49% to 29.24% (variable) based on creditworthiness. Any remaining balance after the intro period will incur this rate.

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    Transfer Restrictions

    Balance transfers cannot be used to pay off other credit cards issued by JPMorgan Chase Bank, N.A., and its affiliates.

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    Credit Score

    You need a good to excellent credit score to qualify for a Chase balance transfer card.

Best Chase Balance Transfer Credit Cards

When searching for the best balance transfer credit cards, consider those with a lengthy 0% intro APR period, minimal balance transfer fees and no annual fees. These features can significantly impact your ability to pay off your balance without incurring extra costs.

The Chase Slate Edge® is a notable option, offering a 0% intro APR period on balance transfers for 18 months. Although it lacks a rewards-earning system, it features the longest no-interest period from Chase.

Chase Slate Edge℠
Credit Card logo for Chase Slate Edge℠
MoneyGeek Rating
4/ of 5
On Issuer's Site

Balance Transfer Offer
0% for 18 months on balance transfers
APR
20.24% - 28.99% variable
Balance Transfer Fee
Intro fee of either $5 or 3% of the amount of each...
Recommended Credit
670-850 (Good to Excellent)

If you want to earn rewards on your balance transfer card, the Chase Freedom Unlimited® is an option. It offers a 15-month 0% intro APR period on balance transfers and lets you earn cash back on purchases.

Chase Freedom Unlimited®
Credit Card logo for Chase Freedom Unlimited®
MoneyGeek Rating
3.4/ of 5
On Issuer's Site

Rewards Rate
Earn 6.5% cash back on travel purchased through Ch...
APR
19.99% - 28.74% variable
Annual Fee
$0
Recommended Credit
670–850 (good to excellent)

FAQ About Balance Transfers With Chase

We answer some frequently asked questions about balance transfers with Chase to help you know more about the process.

How long does a Chase balance transfer take to process?
Is there a limit to how much I can transfer with Chase?
Can I use a Chase balance transfer to pay off another Chase card?
What fees are associated with a Chase balance transfer?
Does a balance transfer affect my credit score?

If You’re Looking for More

Transferring a balance with Chase can be a smart financial strategy to help you save money and eliminate debt. But before you proceed, it’s important to understand the potential impact of a balance transfer on your credit score and the fees associated with the transfer.

The key to a successful balance transfer lies in your ability to pay off the balance within the intro APR period. Keep this in mind as you weigh the benefits and potential drawbacks of initiating a balance transfer.

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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