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How to Do a Balance Transfer With Chase

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When you have credit card debt, a balance transfer with Chase can help you pay it back more quickly and with less interest. Credit card interest rates are one of the biggest obstacles to paying off debt. A balance transfer lets you refinance your existing credit card debt at a lower interest rate.

Here's everything you need to know about doing a balance transfer with Chase, including how to set it up and the rules for balance transfers.

How to do a balance transfer with Chase

To do a balance transfer with Chase online, follow these steps:

  1. Log in to your Chase account and go to the credit cards section.
  2. Find your Chase balance transfer card and click the three dots (next to the "Pay card" option) to open a list of options.
  3. On the dropdown menu that appears, click "Account services," and then "Transfer a balance."
  4. Select the balance transfer offer and click "Next."
  5. Fill out the balance transfer form. You'll need the credit card number of the card with the balance you want to transfer and the transfer amount.

The balance transfer should process in a week to 21 days. Continue making any required payments on the original credit card account until the balance transfer is complete.

Another way to do a balance transfer with Chase is by calling the card issuer. The phone number is available on the back of your Chase credit card.

Choosing a credit card

Don't you wish you could take a peek inside a credit card expert's wallet sometimes? Just to see the cards they carry? Well, you can't look in anybody's wallet, but you can check out our experts' favorite credit cards. Get started here:

What to know before doing a balance transfer with Chase

There are a few things to keep in mind regarding balance transfers:

  • Most credit card companies charge a balance transfer fee, such as 5% of the transfer amount with a $5 minimum.
  • Your balance transfer amount, including the transfer fee, can't be greater than your Chase card's credit limit.
  • Chase also has a limit of $15,000 in balance transfers within a 30-day period.
  • You can’t use a balance transfer with Chase to pay off other Chase credit cards or loans. You must be transferring a balance from non-Chase credit cards to a Chase card.
  • You must have a balance transfer offer on your Chase credit card. Chase doesn’t let you transfer a balance without one.

Benefits of a balance transfer

The main reason for a balance transfer is to get a lower interest rate on your credit card debt. With the best balance transfer cards, you can get a 0% introductory APR on balances you transfer. The introductory period will give you time to pay down your debt without incurring more interest charges. When you're not paying interest, that also means you can pay off your debt more quickly.

Chase cards with 0% intro APR on balance transfers

Not all Chase cards offer a 0% intro APR for balance transfers. Here are two that we love that do offer a 0% intro APR on balance transfers:

As of May. 17, 2022
Image for
Image for
Chase Freedom Flex℠ Chase Freedom Unlimited®
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.

$200

Welcome Offer: Info Icon Circle with letter I in it.

Up to $300 cash back

Rewards Program: Info Icon Circle with letter I in it.

1% - 5% cash back

Rewards Program: Info Icon Circle with letter I in it.

1.5% - 5% cash back

Intro APR:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Intro APR:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular APR:

15.24% - 23.99% Variable

Regular APR:

15.24% - 23.99% Variable

Annual Fee:

$0

Annual Fee:

$0

Highlights:

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
  • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Highlights:

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
Apply Now for Chase Freedom Flex℠

On Chase's Secure Website.

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Another perk of a balance transfer is that you can consolidate credit card debt. If you have balances on multiple credit cards, you can transfer them all to one card. You'll then only have to make one monthly payment.

Making the most of a balance transfer with Chase

A balance transfer with Chase isn’t a one-stop solution to credit card debt. You still need to be diligent in paying the balance down so you don’t waste the opportunity. After the introductory APR ends on a balance transfer credit card, it reverts to the variable APR. That means you'll start paying more interest on any remaining credit card balance.

But a balance transfer can certainly make a big difference in how quickly you get out of debt and how much interest you pay. If you pay as much as you can toward your debt, a balance transfer offer gives you plenty of time to reduce or even erase what you owe.

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