Learn About Balance Transfer Credit Cards

Balance transfers can add up to big savings

Looking to transfer a balance to your current Capital One card?

How balance transfers can be beneficial

Balance transfers can help you avoid paying higher interest rates on existing balances you have with other lenders– whether you've been paying them down over time, or they're a result of more recent unexpected expenses.

Balance transfers often come in handy for:

Paying a lower rate

on existing balances, possibly saving you money on interest

Consolidating payments

from multiple balances to make a single monthly payment

Paying down balances

from other credit cards, auto loans or student loans

Find the right Capital One card for your balance transfer.

  • More on the benefits of balance transfers

    Save on interest while paying down debt

    A balance transfer can be an effective way to pay down an existing balance at a lower, more manageable rate. Some cards may even offer a reduced rate on balance transfers for a limited period of time—this can ultimately save you money if you pay them down before the promotional rate expires.

    Simplify your monthly payments

    You can use balance transfers to consolidate debt. Rather than making multiple payments, you may be able to combine balances from multiple lenders, allowing you to make a single monthly payment and keep track of debt more easily.

  • Some things to keep in mind

    Consider potential fees

    You may be charged a fee for some balance transfers, usually either a flat fee or a percentage of the transferred amount. Check the offer terms carefully.

    Know the terms

    If you choose a card with a promotional rate for transfers, keep in mind that the rate will go up when the promotional period expires. Make sure you know what the APR will be once the promotional rate expires, especially if you won’t pay off the balance in full during that time.

See how long it could take to pay off a balance.

Balance transfer frequently asked questions

Can I avoid interest on new purchases after I transfer a balance?

Yes you can! Capital One cardholders who transfer a balance can pay the Interest Saver Payment by the due date each month, and avoid paying interest on future purchase transactions. The Interest Saver Payment amount can be found on the statement and it includes the minimum payment plus all your non-promotional balances (including purchases, cash advances, fees and finance charges).