How to do a balance transfer with Bank of America

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Completing a Bank of America balance transfer is easy. All you have to do is log into your Bank of America online account and follow the Bank of America credit card balance transfer steps—and if you’d rather complete the balance transfer over the phone, that’s always an option.

If you want to make a balance transfer but don’t yet have a Bank of America balance transfer credit card, we’ve got tips on how to choose the best credit card for your balance transfer needs. You can even begin the balance transfer process during your credit card application.

Your Bank of America balance transfer can be done in as few as five quick steps. Here’s everything you need to know about how to transfer a balance to a Bank of America credit card.

Best Bank of America balance transfer credit card offers

Bank of America® Cash Rewards credit card: Best for cash-back rewards

  • Balance Transfer Offer: zero percent introductory APR for 15 billing cycles on purchases and balance transfers made in the first 60 days (15.49 to 25.49 percent variable APR thereafter)
  • Balance Transfer Fee: 3 percent (minimum $10)
  • Rewards: 3 percent cash back in the category of your choice (including gas, online shopping, dining, travel and more) and 2 percent cash back at grocery stores and wholesale clubs, for a combined $2,500 in choice category/grocery store/wholesale club purchases per quarter; 1 percent cash back on all other purchases. Preferred Rewards members earn 25 to 75 percent more cash back on every purchase. Earn a $200 online cash reward bonus after making $1,000 in purchases in the first 90 days of card ownership.
  • Annual Fee: $0
  • Credit Required: Good to Excellent (670–850)
  • Why should you do a balance transfer with the Bank of America Cash Rewards card? The Bank of America Cash Rewards card is one of Bankrate’s favorite cash back rewards cards, especially for people who already have a relationship with Bank of America and can take advantage of the Preferred Rewards bonus. If you’re hoping to pay off a balance while earning top-level cash back rewards on new purchases, this card is for you. 

You might also want to consider the Susan G. Komen® Cash Rewards Visa® credit card from Bank of America, the MLB™ Cash Rewards Mastercard® from Bank of America, the World Wildlife Fund Credit Card, or the U.S. Pride® credit card. These credit cards all offer the same balance transfer and cash-back rewards structure as the Bank of America Cash Rewards card, but three of them come with additional unique features:

  • Susan G. Komen Cash Rewards Visa: The Susan G. Komen foundation receives $3 when you open a credit card, 0.08 percent of all retail purchases (not counting returns) made with the card, and $3 for each annual renewal of a card that was in good standing during the previous 12-month period and does not have a zero balance at the time of renewal.
  • World Wildlife Fund: The World Wildlife Fund receives $3 when you open a credit card, 0.08 percent of all retail purchases (not counting returns) made with the card, and $3 for each annual renewal of the card.
  • MLB: Choose a card featuring your favorite Major League Baseball team.
  • U.S. Pride: This card comes with a unique U.S. Pride design.

The information about the Susan G. Komen Cash Rewards Visa credit card from Bank of America, the MLB Cash Rewards Mastercard from Bank of America, the World Wildlife Fund Credit Card and the U.S. Pride credit card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

BankAmericard® credit card: Best for low APR

  • Balance Transfer Offer: zero percent introductory APR for 18 billing cycles on purchases and balance transfers made in the first 60 days (14.49 to 24.49 percent variable APR thereafter)
  • Balance Transfer Fee: 3 percent (minimum $10)
  • Rewards: none
  • Annual Fee: $0
  • Credit Required: Good to Excellent (670–850)
  • Why should you do a balance transfer with the BankAmericard? With a 14.49 to 24.49 percent variable APR on purchases and no penalty APR for late payments, this card is an excellent way to save on interest.

The Allegiant World Mastercard®: Best for travelers who fly Allegiant

  • Balance Transfer Offer: zero percent introductory APR for 12 billing cycles on any balance transfers made in the first 60 days (17.49 to 25.49 percent variable thereafter)
  • Balance Transfer Fee: 3 percent (minimum $10)
  • Rewards: 3 points per dollar on Allegiant purchases (air, hotel, car rental and attractions), 2 points per dollar on qualifying dining purchases and 1 point per dollar on all other purchases. Earn 15,000 bonus points (equal to $150 off your next Allegiant trip) after you make $1,000 or more in purchases in the first 90 days of card ownership
  • Annual Fee: $59
  • Credit Required: Good to Excellent (670–850)
  • Why should you do a balance transfer with the Allegiant World Mastercard? If you fly Allegiant on a regular basis, you can pay off your balance while earning rewards on purchases—and those rewards can help save you money on your next trip.

The information about the Allegiant World Mastercard has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Bank of America® Cash Rewards credit card for Students: Best for students who want cash back rewards

  • Balance Transfer Offer: zero percent introductory APR for 15 billing cycles on purchases and balance transfers made in the first 60 days (15.49 to 25.49 percent variable thereafter)
  • Balance Transfer Fee: 3 percent (minimum $10)
  • Rewards: 3 percent cash back in the category of your choice (including gas, online shopping, dining, travel and more) and 2 percent cash back at grocery stores and wholesale clubs, for a combined $2,500 in choice category/grocery store/wholesale club purchases per quarter; 1 percent cash back on all other purchases.
  • Annual Fee: $0
  • Credit Required: Fair to Good (580 – 740)
  • Why should you do a balance transfer with the Bank of America Cash Rewards for Students card? While this card doesn’t make our list of the top credit cards for college students, it’s still a good option for a student who wants to transfer and pay off a balance while earning cash back rewards.

The information about the Bank of America Cash Rewards credit card for Students has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

BankAmericard® credit card for Students: Best for students who want to build their credit

  • Balance Transfer Offer: zero percent introductory APR for 15 billing cycles on purchases and balance transfers made in the first 60 days 14.49 to 24.49 percent variable APR thereafter)
  • Balance Transfer Fee: 3 percent (minimum $10)
  • Rewards: none
  • Annual Fee: $0
  • Credit Required: No credit history
  • Why should you do a balance transfer with the BankAmericard for Students? If you’re just getting started on your credit journey, the BankAmericard for Students can help you build your credit score while you pay off any balances you might have picked up in your relatively fresh credit history.

The information about the BankAmericard credit card for Students has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

How to choose a Bank of America balance transfer card

Ask yourself what you’re hoping to get out of your Bank of America credit card. Are you looking for a card with a lengthy zero percent introductory APR offer, or would you rather have a card with high cash back rewards? Is the purchase APR important to you? Do you want a card that doesn’t come with a penalty APR for late payments?

The more you know about what you’re looking for in a top balance transfer credit card, the easier it will be to choose the Bank of America balance transfer card that’s right for you.

How to transfer a balance to a Bank of America credit card

It’s easy to do a Bank of America credit card balance transfer online. When you apply for a Bank of America balance transfer credit card, you’ll be given the opportunity to begin the balance transfer process as you complete the application. Follow the online instructions: enter the 16-digit account number on the credit card that currently holds the balance you’d like to transfer, and then enter the balance amount that you’d like to transfer to your new Bank of America card. If your credit card application is approved, your balance will be transferred as requested.

If you already have a Bank of America balance transfer card and want to transfer a balance, log in to your Bank of America credit card account and look for the “Transfer Balance or Get Cash” option. From there, select the option to transfer a balance and follow the instructions to complete your transfer. You’ll need to provide the account number of the credit card from which you’d like to transfer the balance, as well as how much of the balance you’d like to transfer.

You can also complete a Bank of America balance transfer over the phone. Call the number on the back of your Bank of America balance transfer credit card, use the phone tree to indicate you’d like to make a balance transfer, and have your old credit card and its balance at the ready.

Once you’ve begun the Bank of America balance transfer process, it should take no more than two weeks to complete. You’ll know your balance transfer is finished when you see the transferred balance appear in your Bank of America credit card account.

It’s important to keep making payments on your original credit card until the balance transfer is complete. If a payment comes due while your balance transfer is in progress, make sure you make that payment — otherwise, you run the risk of getting hit with late fees and penalty APRs, not to mention a drop in your credit score. After your balance transfer is complete, make sure you pay off any additional interest that accrued on your original card during the balance transfer process.

What you need to know about Bank of America balance transfers

  • Make sure you transfer your balances within the first 60 days of card ownership if you want to take advantage of any zero percent APR introductory offer.
  • If the balance transfer you request exceeds the limit on your Bank of America credit card, you may have only part of your old balances transferred to your new account.
  • Try to pay off your balances before your zero percent introductory APR period ends. Once the offer period is over, you’ll begin paying the regular variable APR on any balance left on the card.
  • If you transfer balances in dispute to your new Bank of America credit card, you lose certain dispute rights on those charges.
  • You cannot transfer debt from one Bank of America product to another. In other words: if you are carrying a balance on a Bank of America credit card, you won’t be able to transfer it to another Bank of America credit card.

Frequently asked questions

How often can I transfer a balance with Bank of America?

Although Bank of America doesn’t specify how frequently you can make balance transfers, you can submit up to three balance transfer requests during a single balance transfer session. Remember that your balance transfer requests, including any fees associated with the transfers, cannot exceed the available credit on your Bank of America balance transfer card—and if you have pending purchases that haven’t yet cleared your Bank of America credit card account, make sure to factor them into your available credit limit.

Can I get balance transfer checks with Bank of America?

Bank of America offers balance transfer checks, which are also called convenience checks. Be aware that these checks come with their own fees and interest rates, which might be different from the fees and rates associated with your balance transfer credit card.

What credit score do I need for a Bank of America balance transfer?

Different Bank of America balance transfer cards have different credit requirements. If your credit score is high enough to qualify for a Bank of America balance transfer card, it should be high enough to complete a Bank of America balance transfer.

How can I check the status of my Bank of America balance transfer?

You can check the status of your Bank of America balance transfer by visiting your Bank of America online or mobile banking account. Select “Transfer Balance or Get Cash,” then “View Transfer History.”

How will a Bank of America balance transfer affect my credit score? 

A Bank of America balance transfer can improve your credit score in two different ways. First, your score could go up if you open a new Bank of America balance transfer card and increase the amount of credit available to you. (Your credit score might drop by a few points after you open the card, thanks to the credit inquiry associated with the application, but it should bounce back fairly quickly.)

Second, your credit score could improve as you pay off your balance, as long as you aren’t simultaneously creating new debt. Remember: lowering your credit card balances is a great way to raise your credit score.

How to do a balance transfer with different issuers