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How To Do a Balance Transfer With Capital One

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated February 28, 2022 . Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

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.

What you need to initiate a Capital One balance transfer

Before starting a balance transfer with Capital One, you’ll need to gather the following information:

  1. The amount you want to transfer
  2. The name and payment address of the creditor
  3. The account number for the account you want to transfer your balance from

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.

How to do a Capital One balance transfer for new applicants

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.

How to do a Capital One balance transfer for existing cardholders

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.

How long does a balance transfer take with Capital One

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.

What types of debt can you transfer?

The following types of debt are eligible to transfer:

  • Credit card balances from non-Capital One cards
  • Personal loans
  • Student loans
  • Car loans

 

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.

Best balance transfer cards from Capital One

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:

Capital One VentureOne Rewards Credit Card

Capital One VentureOne Rewards Credit Card

Apply Now
on Capital One's secure site
Intro Purchase APR 0% intro on purchases for 15 months
Annual Fee $0
Regular Purchase APR 16.49% - 26.49% (Variable)

The Capital One VentureOne Rewards Credit Card, for example, offers an APR of 0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months); after that, a 16.49% - 26.49% (variable) APR applies. The card charges a 3% balance transfer fee.

In addition, cardholders receive an APR of 0% intro on purchases for 15 months, then a 16.49% - 26.49% (variable) APR applies.

The Capital One VentureOne Rewards Credit Card is ideal for cardholders with excellent/good credit who want a simple approach to earning rewards.

But while the Capital One VentureOne Rewards Credit Card lets cardholders earn 1.25 miles per dollar on every purchase, every day; 5 miles on hotels and rental cars booked through capital one travel, be aware that we recommend paying off your transferred balance in full before focusing on earning rewards. Doing so can help you avoid racking up even more debt.

Along with earning rewards on every purchase, the Capital One VentureOne Rewards Credit Card offers earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. Venture miles can be redeemed for cash in the form of a check or account credit and gift cards.

The Capital One VentureOne Rewards Credit Card charges a $0 annual fee. As for foreign transaction fees — there are none.

If you pay your bill late, you will not be subject to a penalty APR. The card will also waive the late fee (of up to $39) on your first late payment.

  • Emergency card replacement
  • Auto rental collision damage waiver
  • Travel accident insurance
  • Extended warranty

The Capital One VentureOne Rewards Credit Card, for example, offers an APR of 0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months); after that, a 16.49% - 26.49% (variable) APR applies. The card charges a 3% balance transfer fee.

In addition, cardholders receive an APR of 0% intro on purchases for 15 months, then a 16.49% - 26.49% (variable) APR applies.

The Capital One VentureOne Rewards Credit Card is ideal for cardholders with excellent/good credit who want a simple approach to earning rewards.

But while the Capital One VentureOne Rewards Credit Card lets cardholders earn 1.25 miles per dollar on every purchase, every day; 5 miles on hotels and rental cars booked through capital one travel, be aware that we recommend paying off your transferred balance in full before focusing on earning rewards. Doing so can help you avoid racking up even more debt.

Along with earning rewards on every purchase, the Capital One VentureOne Rewards Credit Card offers earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. Venture miles can be redeemed for cash in the form of a check or account credit and gift cards.

The Capital One VentureOne Rewards Credit Card charges a $0 annual fee. As for foreign transaction fees — there are none.

If you pay your bill late, you will not be subject to a penalty APR. The card will also waive the late fee (of up to $39) on your first late payment.

  • Emergency card replacement
  • Auto rental collision damage waiver
  • Travel accident insurance
  • Extended warranty
Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Apply Now
on Capital One's secure site
Intro Purchase APR 0% intro on purchases for 15 months
Annual Fee $0
Regular Purchase APR 16.49% - 26.49% (Variable)

The Capital One SavorOne Cash Rewards Credit Card comes with an APR of 0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months); then, a 16.49% - 26.49% (variable) APR applies. There is a 3% balance transfer fee.

The Capital One SavorOne Cash Rewards Credit Card also has an APR of 0% intro on purchases for 15 months — after that, a 16.49% - 26.49% (variable) APR applies.

The Capital One SavorOne Cash Rewards Credit Card is intended for those with excellent/good credit who spend a decent amount in popular categories, like dining, entertainment and groceries.

Cardholder earn 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats. Cardholders also earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

Like the other cards in this post, the Capital One SavorOne Cash Rewards Credit Card offers an interest-free period on purchases and balance transfers for more than a year — which is ideal if you need to finance a large purchase or transfer debt from a high-interest credit card.

The card has a $0 annual fee — and as for foreign transaction fees, there are none.

  • Extended warranty
  • Travel accident insurance
  • Complimentary concierge service
  • 24-hour travel assistance services
  • Instant purchase notifications
  • Account alerts from Eno

The Capital One SavorOne Cash Rewards Credit Card comes with an APR of 0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months); then, a 16.49% - 26.49% (variable) APR applies. There is a 3% balance transfer fee.

The Capital One SavorOne Cash Rewards Credit Card also has an APR of 0% intro on purchases for 15 months — after that, a 16.49% - 26.49% (variable) APR applies.

The Capital One SavorOne Cash Rewards Credit Card is intended for those with excellent/good credit who spend a decent amount in popular categories, like dining, entertainment and groceries.

Cardholder earn 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats. Cardholders also earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

Like the other cards in this post, the Capital One SavorOne Cash Rewards Credit Card offers an interest-free period on purchases and balance transfers for more than a year — which is ideal if you need to finance a large purchase or transfer debt from a high-interest credit card.

The card has a $0 annual fee — and as for foreign transaction fees, there are none.

  • Extended warranty
  • Travel accident insurance
  • Complimentary concierge service
  • 24-hour travel assistance services
  • Instant purchase notifications
  • Account alerts from Eno
Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card

Apply Now
on Capital One's secure site
Intro Purchase APR 0% intro on purchases for 15 months
Annual Fee $0
Regular Purchase APR 16.49% - 26.49% (Variable)

The Capital One Quicksilver Cash Rewards Credit Card offers an APR of 0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months); after that, an APR of 16.49% - 26.49% (variable) applies. The card also charges a balance transfer fee of 3%.

In addition, this card comes with a 0% intro on purchases for 15 months, then an APR of 16.49% - 26.49% (variable).

Similar to the Capital One VentureOne Rewards Credit Card, the Capital One Quicksilver Cash Rewards Credit Card offers a flat rewards rate on every purchase — making it a good option if you don’t like keeping up track of spend categories or caps.

The Capital One Quicksilver Cash Rewards Credit Card, which is designed for those with excellent/good credit, offers 1.5% cash back on every purchase, every day; 5% cash back on hotels and rental cars booked through capital one travel (terms apply) and a $0 annual fee.

Cardholders also receive a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

Cash back can be redeemed for a check, statement credit or gift cards, or used to cover recent purchases.

  • Foreign transaction fees: None
  • Extended warranty
  • Complimentary concierge service
  • 24-hour travel assistance services
  • Travel accident insurance
  • Account alerts from Eno

The Capital One Quicksilver Cash Rewards Credit Card offers an APR of 0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months); after that, an APR of 16.49% - 26.49% (variable) applies. The card also charges a balance transfer fee of 3%.

In addition, this card comes with a 0% intro on purchases for 15 months, then an APR of 16.49% - 26.49% (variable).

Similar to the Capital One VentureOne Rewards Credit Card, the Capital One Quicksilver Cash Rewards Credit Card offers a flat rewards rate on every purchase — making it a good option if you don’t like keeping up track of spend categories or caps.

The Capital One Quicksilver Cash Rewards Credit Card, which is designed for those with excellent/good credit, offers 1.5% cash back on every purchase, every day; 5% cash back on hotels and rental cars booked through capital one travel (terms apply) and a $0 annual fee.

Cardholders also receive a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

Cash back can be redeemed for a check, statement credit or gift cards, or used to cover recent purchases.

  • Foreign transaction fees: None
  • Extended warranty
  • Complimentary concierge service
  • 24-hour travel assistance services
  • Travel accident insurance
  • Account alerts from Eno

Side-by-side comparison of Capital One balance transfer cards

Credit cardRewards rate
Capital One VentureOne Rewards Credit Card0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months), then 16.49% - 26.49% (variable) APR1.25 miles per dollar on every purchase, every day; 5 miles on hotels and rental cars booked through capital one travel
Capital One SavorOne Cash Rewards Credit Card0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months), then 16.49% - 26.49% (variable) APR3% cash back on dining and entertainment; 3% cash back on popular streaming services; 3% cash back at grocery stores; 1% cash back on all other purchases. earn 8% cash back on capital one entertainment purchases and tickets at vivid seats
Capital One Quicksilver Cash Rewards Credit Card0% intro on balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months), then 16.49% - 26.49% (variable) APR1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)

Capital One Balance Transfer FAQs

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.

Tracy Brackman

  • Expertise: Credit cards, credit scoring, personal finance
  • Education: Ohio State University, Florida International University

 


Tracy Brackman is a senior editor and credit card expert at LendingTree, where she writes and edits educational pieces on credit card-related topics and personal finance using her 12+ years of experience in the field.

Before joining LendingTree in 2019, Tracy worked as a products editor for CreditCards.com, where she developed the credit card products section and created content focused on breaking credit card news.

Prior to that, she worked as a product information manager for Bankrate, where she managed the financial and credit card product details and maintained compliance for two affiliate networks, as well as Bankrate-owned and operated sites.

She began working in the credit card space in 2009 as the editorial department manager for FlexOffers, an affiliate marketing company.

Tracy studied marketing at the Ohio State University and Florida International University.

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The above offers and/or promotions may have since changed, expired, or is no longer available. Check the Issuers’ website for more details.