Balance transfers
can add up to big savings

How balance transfers work

A balance transfer moves a credit card or loan balance from one company to another, generally to get a lower interest rate.
You can only transfer as much as your credit limit allows, but within that limit, the amount that you transfer is up to you.

Why they can be beneficial

Balance transfers can help you avoid paying higher interest rates on your existing balances with other lenders.
This can add up to big savings. You can even pay off other loans—like an auto loan, for instance—at a lower rate.

What to look for in a balance transfer offer

Capital One® balance transfer questions