If you feel weighed down by high-interest credit card debt, a balance transfer credit card with an interest-free period can help bring some relief. Capital One offers several credit cards with 0% intro APRs on balance transfers* for more than a year — which allows your monthly payments to go toward the principal, rather than interest charges.
We’ll walk you through the steps needed to move your existing debt to a Capital One card — whether you’re opening a new Capital One credit card account or have an existing account.
Before starting a balance transfer with Capital One, you’ll need to gather the following information:
Prior to initiating the balance transfer, you should establish a plan to pay off your debt before the introductory period ends. Otherwise, you’ll be subject to interest charges on your remaining balance — which may defeat the purpose of transferring the balance in the first place. Capital One has a credit card payoff calculator (scroll to the bottom of the page) that you can use to figure out how much of a monthly payment you’ll need to make to pay off your transferred balance before any introductory period expires.
In addition, to help ensure that you pay off the transferred amount in time, you may want to set up automatic payments. This can also help prevent making a payment late or missing one altogether.
Once you research the balance transfer offers available from Capital One, apply for the balance transfer card that best fits your needs.
During the application process, you’ll be asked to enter information about yourself, including your name, birthdate, Social Security number, mailing address, email address and phone number. From there, you’ll be taken to a page requesting some financial information, including your employment status and income. At the bottom of that page, you will see the following option:
“If offered, do you plan to transfer any balances from other non-Capital One credit cards?”
Click “Yes.” Once approved for the card, you can request a transfer 10 days after your account is opened.
If you’re an existing Capital One cardholder, you can check to see if your account is eligible for a balance transfer by logging in to your account here.
If eligible, you can request a balance transfer either online or by calling the number on the back of your card.
Note, though, that if your account states that there are no balance transfer offers currently available for you, you can check back at a later time to see if any offers become available — Capital One periodically updates accounts with different offers.
Otherwise, you can apply for a new Capital One credit card with an intro APR on balance transfers.
Balance transfers typically take between three and 14 days — depending on whether Capital One can complete your request electronically or by mail.
It’s important to note that you should continue making credit card and loan payments until you confirm the transferred payment has been received by the other creditor. And if you wish to close those accounts, you’ll need to contact the other lender directly.
The following types of debt are eligible to transfer:
Note that transfers between credit cards issued by Capital One are not permitted — this includes cards branded with Bass Pro Shops CLUB, Cabela’s, Kohl’s, Sony, GM, BuyPower Card, Union Plus, Walmart and Teamster Privilege.
Capital One currently offers several credit card products that allow balance transfers, but only a select few offer 0% intro APRs on balance transfers* for more than a year:
| Credit card | Balance transfer offer | Rewards rate |
|---|---|---|
| Capital One VentureOne Rewards Credit Card | 0% intro on balance transfers for 15 months, then 19.74% - 29.74% (variable) APR* | 1.25 miles per dollar on every purchase, every day; 5 miles per dollar on hotels and rental cars booked through capital one travel |
| Capital One SavorOne Cash Rewards Credit Card | 0% intro on balance transfers for 15 months, then 19.99% - 29.99% (variable) APR* | 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like walmart® and target®); 5% cash back on hotels and rental cars booked through capital one travel (terms apply); 8% cash back on capital one entertainment purchases; 1% cash back on all other purchases |
| Capital One Quicksilver Cash Rewards Credit Card | 0% intro on balance transfers for 15 months (Balance transfer fee applies), then 19.74% - 29.74% (variable) APR* | 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) |
No. Like most issuers, Capital One doesn’t allow cardholders to transfer balances between two Capital One cards. For example, you wouldn’t be able to transfer a balance from the Capital One Savor Cash Rewards Credit Card to the Capital One QuicksilverOne Cash Rewards Credit Card.
You cannot earn credit card points, miles or cash back from a balance transfer.
If you have a large amount of high-interest credit card debt, a balance transfer credit card can be a useful tool to help you save* on interest charges while paying down your balance.
Plus, a balance transfer card allows you to consolidate multiple balances to a single monthly payment — making it easier to keep up with your monthly bills.
With Capital One, the total amount of your transfer, including any applicable fees, cannot exceed the transfer amount you are approved for — which may be equal to your line of credit.
This amount can be found within your balance transfer offer.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The information related to the Capital One VentureOne Rewards Credit Card, Capital One SavorOne Cash Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card, Capital One Savor Cash Rewards Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
