Can you transfer a credit card balance back and forth?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Can you transfer a credit card balance back and forth?

Postby shelby1996 » Sat Aug 31, 2013 7:44 am

I have a balance on a chase visa and want to transfer it to a 0% interest credit card. The only card with a $0 balance transfer fee and 0% APR on balance transfers is a Chase Slate.

Since I cannot transfer from one Chase card to another, can I transfer the balance from my Chase card to a Capital One {that has $0 balance transfer fee} and then transfer the balance from that to the Chase card? I would need to apply for both the Chase and the Capital One card to do this. Any advice?

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Postby hwturner » Fri Sep 13, 2013 4:50 pm

I think I understand what you are asking. You are able to transfer a balance between two cards for an infinite amount of time providing you can obtain enough offers throughout the year. For instance, you can get a 0% offer for 12 months and at the end of that offer, you can take advantage of another offer and continue getting 0%. As I mentioned before, the trick will be getting that many offers to continue the train of 0% so to speak.

I have a credit union visa that will offer at BT at 0% throughout the year to existing card members so I know i'll always have an opportunity to transfer it out. The trick is getting another offer. A lot of credit card companies will offer to existing card members, you just have to find out which ones those are. I believe Discover offers BT offers to existing members.

I hope this answers your question. If not, let me know and I hope I can clarify.
NFCU Visa Signature Flagship $8.5k
Home Depot Consumer Card $2.5k
PNC Bank Card(AU) $2.5k
AMEX BCE $2.5k
Discover IT $3.5k
Chase Slate $5.4k

Experian: 771
Transunion: 715
Equifax: 680 (as of 08/01/2013)

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