How To Do A Balance Transfer With Capital One

When it comes to Capital One, they offer quite the selection of credit cards suitable to the average consumer, however, they unfortunately lack in cards that offer 0% Introductory balance transfer cards and that would be the Capital One® Quicksilver® Cash Rewards Credit Card with a decent 0% Intro on purchases and balance transfers for 9 months. There’s a lot of cards that offer much more than that (Chase Freedom Unlimited® with 0% Intro on purchase and balance transfers for 15 Months).

Getting back on track with this post, you should already be quite familiar with how banks or credit unions make their money and that’s from either balance transfers or by charging you with APR, with a typical 3% balance transfer fee, so there’s room for you to slip and meet some pretty nasty fees so this post is suitable for you to properly Do A Balance Transfer With Capital One.

Editor’s Note: Be sure to check out our compiled list of the Best 0% APR No Balance Transfer Fee Credit Cards – December 2017.

How To Do A Balance Transfer With Capital One:

Before we get started, be sure that you have this info on hand:

• Account number and balance of card with debt
• Account information for your new Capital One account

There are two suitable methods for balance transfers: Online or by Phone

Balance Transfer via Online:

1. Log in to your account
2. Click on “More Account Services”
3. Hover over and click on “Transfer a balance”
4. Select your offer
   1. Here’s where you should see the offer regarding your introductory balance transfer from your newly opened Capital One Card, aka, Capital One® Quicksilver® Cash Rewards
5. Complete all the necessary information:
   1. Name of the bank that you have the balance with
   2. Account number of the card that your balance is with
   3. Amount of the balance you need to transfer
7. Accept terms and conditions and submit your transfer request

Editor’s Note: Capital One also has the option of sending you No Hassle Checks to do these transactions by yourself if you don’t have your other account’s information in hand.

You can also have Capital One send you a “No Hassle Check” to do the transaction on your own if you don’t have your other account information handy.

Balance Transfer via Phone Call:

1. On the back of your credit card, there’s a customer service number you can call to speak to a customer service representative
2. Provide them with your credit card information:
   1. Credit card number
   2. Balance
   3. Balance you want to transfer
3. Once you have accomplished that, Capital One will make the payment for you.

Conclusion:

Some tips when you’re looking for an affordable credit card is to check if they offer a lengthy 0% Introductory period on both purchases and balance transfer. I cannot stress it enough when I say both. In addition to that, you may want to check to see if they have a low ongoing APR or better yet, no balance transfer fees. Note that Capital One balance transfers typically take upwards of three to fourteen days. Be sure to check out our complete list of Credit Card Promotions for any other credit card necessities you might have!

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