Balance Transfers With Chase — Here's All You Need to Know

Carrying out a Chase balance transfer is fairly easy, provided you get approved, and it may lead to savings in interest charges if you pay the transferred debt in time.

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Chase lets you transfer balances from credit cards issued by other providers as a new or existing cardholder. Depending on the balance transfer credit card you get, you may qualify for an intro 0% APR offer, where you pay no interest on transferred balances during the promo period. Paying off the entire amount within the given time frame can lead to savings in interest charges. Given the average credit card APR of 14.39% across MoneyGeek's full data set, the money you save can be a tidy sum.

Qualifying for a Chase credit card does not guarantee approval of a balance transfer request. The factors it considers if you apply for a balance transfer include, but are not limited to, your creditworthiness and payment history. If Chase denies your request, there are a few other options you can explore.

On This Page:
MoneyGeek’s Takeaways

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Chase provides balance transfer cards with intro 0% APR offers that let you earn cash back.

excellentCredit icon

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

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When you carry out a balance transfer to a Chase card, you will incur a balance transfer fee.

How Does a Chase Balance Transfer Work?

Start by looking at the existing balance transfer offers from Chase and select one after accounting for your specific requirements. Remember that your Chase card's credit limit has a direct bearing on the amount you will be able to transfer from one or more cards. When requesting a balance transfer, you'll need to provide details of the card(s) in question.

Chase states that it processes most balance transfers within a week, although it might take up to 21 days in some scenarios. You should continue making payments on your other credit cards until the balance transfer is complete.

Know How Much You Owe

Identifying both the cards you wish to transfer balances from and the amounts you wish to transfer is key. Ideally, you should try to transfer balances from cards with the highest APRs first. Bear in mind, though, that Chase lets you transfer no more than a combined total of $15,000 within a given 30-day period. You will also want to consider the balance transfer fee you need to pay because it will add to your total balance transfer amount.

Choose a Balance Transfer Credit Card

The best cards for balance transfers from Chase are ones that come with promotional 0% APR offers. However, selecting a card that works well for you requires paying attention to a few different aspects, such as annual fees, the duration of the intro APR offers and any balance transfer fees.

  • noAnnualFee icon

    0% introductory APR

    It's common for people to turn to zero percent balance transfer cards from Chase when they wish to transfer balances from existing cards. With these cards, you pay no interest on the balances you transfer for a predetermined time period. Once the promotional period ends, you need to start paying interest charges toward any outstanding balance at the card's regular balance transfer APR.

  • other icon

    Long introductory APR

    This aspect requires your attention because cards with longer promotional periods give you more time to pay off your transferred balances without needing to pay interest charges. Depending on the Chase balance transfer card you get, the duration of the intro 0% APR period may vary from 15 to 18 months.

  • lowInterestAPR icon

    Low ongoing APR

    People who feel they may need more time than the promo period allows to repay their debt might consider looking for cards with low ongoing APRs. If you get a low-interest card, the same low APR applies to transferred balances until you pay them off completely. Most Chase cards come with variable APRs that are assigned based on applicants' creditworthiness. Examples of Chase cards that offer competitive APRs to people with excellent credit include the Amazon Prime Rewards Visa Signature Card, the Disney Visa card from Chase, the Slate Edge Card, the Chase Freedom® Student credit Card and the Ink Business Cash Card.

  • noFee icon

    Low or no balance transfer fees

    All Chase balance transfer cards charge balance transfer fees. If you carry out your transfer(s) within 60 days of account opening, you need to pay 3% of the transfer amount or $5, whichever is greater. For transfers that post after the 60 days, those fees increase to 5% of the transfer amount or $5. Further, Chase credit cards with no balance transfer offers charge 5% of the transfer amount or $5, the greater of the two. So, if you're looking for a no balance transfer fee card, you'll need to check what other card issuers have to offer.

Request Balance Transfer

If you plan to get a new Chase credit card, you will need to wait until you’re approved for the card before you can start the balance transfer process. Once approved, you may submit your balance transfer request online or over the phone. To begin the process over the phone, you simply need to call the number on the back of your credit card.

To submit your request online, you need to log in to the Chase online banking platform. The information you'll need to provide includes the credit card numbers you wish to transfer balances from and the amount you wish to transfer from each card.

>>More: How Long Does a Credit Card Balance Transfer Take?
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Chase takes a close look at your creditworthiness and payment history when you submit a balance transfer request, so it's best that you check this in advance.

Prepare a Payment Schedule

The duration of your Chase card's 0% APR offer notwithstanding, you should ideally create a workable payment plan ahead of time. If you wish to make the most of the 0% APR offer, it's best that you repay the entire transferred balance before the end of the promo period. This way, you only pay balance transfer fees and no interest charges.

If paying off the entire balance before the promo period ends is not possible, your focus should be on paying off as much as possible. Any outstanding balance will start accruing interest at the card's regular APR once the promo period ends.

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Don't forget to account for the balance transfer fee, which is added to the total amount owed. For instance, if you transfer $6,000 and need to pay a 5% balance transfer fee, the total starting outstanding balance would be $6,300.

Chase’s Best Balance Transfer Credit Cards

You may expect benefits other than intro 0% APR offers from Chase balance transfer cards. For instance, none of the current Chase balance transfer cards charge annual fees. Depending on the card you get, you may also stand to earn rewards or cash back.

  • Chase Freedom Unlimited®

    An excellent no-annual-fee card that lets you earn unlimited cash back

    • ExcellentRecommended Credit
    • $0Annual Fee
    • 1.5–5% Cash BackRewards Rate
    • 3xRewards Rate on Dining
    • 5xRewards Rate on Air Travel

    Chase Freedom Unlimited®

    Terms, rates and fees apply

  • Chase Freedom Flex℠

    An easy-to-use cash back card with quarterly rotating bonus categories

    • Good–ExcellentRecommended Credit
    • $0Annual Fee
    • 1–5% Cash Back*Rewards Rate
    • 5xRewards Rate on Air Travel
    • 3xRewards Rate on Dining

  • Chase Slate Edge℠

    A good no annual fee card with a 0% intro APR offer

    • Fair–ExcellentRecommended Credit
    • $0Annual Fee
    • 19.24% – 27.99% VariableAPR
    • 18 monthsBalance Transfer Duration
    • 18 monthsAPR Offer Duration

Chase Freedom Unlimited Credit Card

The Chase Freedom Unlimited Card comes with an intro 0% APR offer on balance transfers and purchases for the first 15 months. You get a $200 bonus if you spend $500 on purchases in the first three months. This card offers up to 5% cash back on category-based spending.

Chase Freedom Flex℠ Credit Card

This card's 0% APR offer applies to balance transfers and purchases for the first 15 months. Spending $500 on purchases within the first three months brings with it a $200 bonus. Spending on bonus categories gives you the ability to earn up to 5% cash back.

Slate Edge Credit Card

The Slate Edge Card from Chase comes with an intro 0% APR on balance transfers and purchases for the first 18 months. You get the ability to lower your APR each year until it reaches a predetermined lower limit by making your payments on time and spending at least $1,000 on purchases in the preceding 12 months. My Chase Plan lets you break up purchases of at least $100 into smaller payments by paying a fixed monthly fee and no interest charges.

How Much You Can Save With a Balance Transfer

Different factors play a role in how much money you may save through a balance transfer. These include the transferred amount, the new card's balance transfer APR, the duration of its intro APR offer and the time you take to pay off the debt completely.

  • How Much You Will Pay With Your Current Credit Card
    How Much You Will Pay When You Transfer Your Balance
  • Current outstanding balance: $10,000
    Regular APR: 18.99%
    Monthly payment: $500
    Time required to pay off the balance: 25 months
    Total amount to pay: $12,117.90

    Balance transfer amount: $10,000
    Balance transfer fee: 3%
    Intro APR: 0% for 15 months
    Regular APR: 18.99%
    Monthly payment: $500
    Time required to pay off the balance: 20 months
    Total amount to pay: $10,455.06

    Total savings: $1,662.84

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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

What to Know Before Requesting a Balance Transfer With Chase

Knowing what the process of carrying out a balance transfer with Chase entails might help you steer clear of possible roadblocks that may come your way.

  • You may qualify for a balance transfer card from Chase if you have good or excellent credit.
  • Qualifying for a card does not guarantee approval of your balance transfer request.
  • You may transfer debt only from other credit cards.
  • Carrying out a Chase to Chase transfer is not an option.
  • You may use Chase balance transfer checks to get cash or pay for just about any type of legitimate expense.
  • Chase may take up to 21 days to approve your balance transfer request.
  • The total amount you may request to be transferred online or over the phone cannot exceed $15,000 during any 30-day period.
  • Balance transfers do not earn cash back, rewards or rebates.
  • You need to start paying interest charges toward any outstanding balance once the promo period ends.
  • The intro balance transfer fee applies on transfers posted within 60 days from account opening.
  • You don't get interest-free days on purchases until you pay off your transferred balances in full.
  • A penalty APR might apply if you make a late or returned payment.

You can pay off your credit card debt successfully if you carry out some research and adhere to responsible financial habits.

  • Narrow down on a balance transfer card after comparing your top options based on intro APR offers, balance transfer fees, annual fees and rewards.
  • Come up with and stick to a plan to pay off the entire transferred balance before the end of the promotional period.
  • Sign up for auto-pay or set a reminder to make your payments ahead of time to avoid late fees and penalty APRs.
  • Don't use the new card to make purchases until you pay off the transferred balance completely.

Pros and Cons of Doing a Balance Transfer

Carrying out a balance transfer to a Chase credit card comes with its share of advantages, but there are possible pitfalls that need your attention too.

Key Takeaways

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  • Pay no or lower interest charges.
  • Transfer debt from more than one card.
  • Get access to better features/benefits.
  • Potential to improve your credit score.
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  • You may qualify if you have good or excellent credit.
  • Balance transfer fees.
  • Time-based 0% APR offers.
  • Chase may apply a penalty APR in case of late/returned payments.
  • Chase may terminate the offer in case of late/returned payments.
  • You might end up adding to your existing debt.
  • Your credit score might drop.

What if My Balance Transfer Request Is Denied?

If Chase rejects your request for a balance transfer, you have some other avenues you can explore. For example, if you already have a credit card with available credit, you may be tempted to get a cash advance. But there are other, better options. If you wish to consolidate debt from multiple credit cards, you may consider applying for a personal loan. And people who are going through tough financial times may consider looking at what debt management plans have to offer.

  • Cash advance. Using a cash advance to make a credit card payment is not ideal because interest starts accruing from the date of the transaction. The APR for cash advances is typically fairly high, and you need to account for cash advance fees. The only situation in which taking this path may be beneficial is if you wish to avoid paying a late fee and are confident you can pay off the entire cash advance amount quickly.
  • Personal loan. Personal loans tend to come with lower ongoing APRs than credit cards. In addition, since personal loans typically offer higher credit limits than credit cards, they might work better when it comes to consolidating debt from multiple cards.
  • Debt management plan. Debt management plans are best suited for people facing financial hardship. To get on one, you should ideally get in touch with a nonprofit credit counseling agency accredited by the National Foundation for Credit Counseling. If you qualify to get on a debt management plan, you may expect lower interest rates and possible waiving of late fees.
  • Balance Transfer
    Personal Loan
    Cash Advance
    Debt Management Program
  • When to

    To pay off your debt
    in up to 18 months
    through an intro 0%
    APR offer

    To repay your
    debt through a
    longer duration

    In emergencies

    To tide through

  • How to

    Online or over the

    Online or over the

    Online, over the
    phone, at an ATM
    or at a branch

    Online or over
    the phone

  • Repayment

    Repay in minimum
    monthly payments,
    or more

    Repay through
    fixed monthly

    Repay in
    minimum monthly
    payments, or

    Repay through
    a combined

  • APR

    At the end of or in
    the absence of an
    intro APR offer,
    typically the same
    as purchase APRs

    4.99% to 35.99%

    17.99% to

    7.04% to

  • Credit/Loan

    Typically up to the
    card's available
    credit limit
    (including all
    associated fees)

    Up to $100,000

    Typically a
    percentage of a
    credit card's
    overall limit

    No minimum or
    maximum limits

  • Fees

    0% to 5% of the
    transferred amount

    Application fee:
    Up to $50
    Loan origination
    Up to 6% of
    borrowed amount

    3% to 5% of the

    One-time set-up
    Up to $75
    Monthly fee:
    $20 to $75

Other Questions You May Have About Balance Transfers With Chase

Next Steps

Compare Chase Credit Cards

Learn More About Credit Card Balance Transfer Pages

About Rajiv Baniwal

Rajiv Baniwal headshot

Rajiv Baniwal is a journalist who has been covering financial topics for over 15 years. Meticulous in his research, he provides accurate and up-to-date information. His expertise includes mortgages, loans, credit cards, insurance and international money transfers.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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