How to do a balance transfer with Chase

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If you’re stuck paying high-interest credit card debt, transferring your balance to a lower interest credit card can save you hundreds of dollars a month. Taking the time to strategize a balance transfer may make a dent in your debt faster than you’d imagine.

Those carrying an interest-ridden balance are in luck — Chase Bank provides some of the best credit cards available today, along with some of the best credit cards for a balance transfer.

But how do you execute a balance transfer with Chase? How long does it take? And what should you know before you take the leap? Whether you opt to make your balance transfer online or by phone, saving money will be easy once you know the steps and how to avoid potential pitfalls.

If you’re already a Chase customer, you can find a balance transfer credit card by logging into the Chase customer portal and searching for exclusive balance transfer offers. This way, you’ll find exclusive deals and access the longest introductory rates and lowest balance transfer fees.

Best Chase balance transfer credit card offers

Chase is known for its straightforward rewards, generous introductory offers, and member perks and benefits. To determine which Chase credit card is the best balance transfer option for you, look into the details:

Chase Slate® credit card

Balance Transfer Offer: Zero interest introductory APR on balance transfers for the first 15 months (variable 16.49 percent to 25.24 percent after)

Balance Transfer Fee: No fees on balance transfers completed within the first 60 days of account opening, then 5 percent (minimum $5) for future transfers

Rewards: None

Annual Fee: None

Credit Required: Good to Excellent (670 – 850)

Why you should do a balance transfer with the Chase Slate® credit card: This card offers a generous welcome period, as well as the opportunity to complete a transfer without paying a fee — the standout feature of this card. For example, if you’re looking to transfer an $8,000 debt balance, you’ll save yourself $400  if you make the transfer in the first 60 days and avoid the 5 percent fee.

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

Chase Freedom®

Balance Transfer Offer: Zero interest introductory APR on balance transfers for the first 15 months (variable 16.49 percent to 25.24 percent after)

Balance Transfer Fee: 3 percent for transfers completed within the first 60 days of account opening, then 5 percent (minimum $5) for future transfers

Rewards: Earn 5 percent cash back on up to $1,500 in pre-selected rotating bonus categories each quarter, and 1 percent on all other purchases (activation required)

Annual Fee: None

Credit Required: Good to Excellent (670 – 850)

Why you should do a balance transfer with the Chase Freedom® credit card: In addition to being welcomed with an introductory rate and reduced balance transfer fee, new cardholders will also have the opportunity to receive $150 back when spending $500 in the first three months. Finding a card with top rewards and an affordable balance transfer offer is rare, making the Chase Freedom one of Chase’s most popular credit cards every year.

Chase Freedom Unlimited®

Balance Transfer Offer: Zero interest introductory APR on balance transfers for the first 15 months (variable 16.49 percent to 25.24 percent after)

Balance Transfer Fee: 3 percent for transfers completed within the first 60 days of account opening, then 5 percent (minimum $5) for future transfers

Rewards: Earn 1.5 percent cash back on all purchases

Annual Fee: None

Credit Required: Good to Excellent (670 – 850)

Why you should do a balance transfer with the Chase Freedom Unlimited® credit card: Similar to the Chase Freedom®, this card will give you the opportunity to receive $150 back when spending $500 in your first three months. Thanks to its balance transfer offer and consistent rewards structure, this card is a great option for everyday purchases.

Learn more: Chase Freedom Unlimited vs. Capital One Quicksilver

How to choose a Chase balance transfer card

When deciding between the Chase Slate®, Chase Freedom® and Chase Freedom Unlimited®, there are several factors to consider.

If you’re looking to transfer a large balance, the Chase Slate® is likely your best option. Going in with a plan and executing the transfer within the first 60 days will free you from any balance transfer fees you’d face otherwise — making it the top option purely for balance transfers.

When considering the other two candidates, you’ll have to do the math to see how much a 3 or 5 percent balance transfer fee is going to cost you. If that price is bearable, look at the rewards structures to find the option that would be the best fit. Although the Chase Freedom® and Chase Freedom Unlimited® are both cash back cards, they have different rewards structure and so offer different value depending on your spending. If you already carry a card with traditional rewards, the rotating categories schedule of Chase Freedom® may be a great complement to add. Whereas if you’re looking for a routine spending rewards card, you’re probably better off with the Chase Freedom Unlimited®.

How to transfer a balance to a Chase credit card

If you’re opening a new account with Chase and want to start with a balance transfer, the process is easy. You’ll be given the option to transfer the balance from an existing card during the application process. To begin the transfer, you’ll need to provide account details for the account(s) currently holding the balance and the amount you’re looking to move.

For those looking to transfer a balance to a newly opened Chase account, or if you’d rather not initiate the transfer during your application, the online procedure is as follows:

  1. Log in to your Chase account.
  2. Go to the credit card page for the card to which you’d like to transfer the balance.
  3. Select “Things you can do” and then “Transfer a balance.” You can also get to the balance transfer portal by selecting “Pay & transfer” followed by “Card balance transfers.”
  4. Choose your balance transfer offer and click “Next.” For new cardholders, your introductory offer should be listed. If you don’t see an option available, you may need to contact a Chase customer service representative.
  5. On the next page, input the account number of the credit card you wish to move a balance from and the amount you’re looking to transfer. You can’t move a balance greater than your credit limit or balances totaling more than $15,000 in a 30-day period. If you attempt to start a balance transfer above this limit, you’ll get a warning message and your transfer won’t be processed.
  6. The next page will provide you with the terms and conditions of your balance transfer. Check these to make sure everything is going as planned and select “Agree & continue”.
  7. Review and confirm your request and select “Set up transfer” to officially request the balance from your account.

Chase cardholders can also call and request a transfer over the phone, simply call the number on the back of your card to get started.

To efficiently complete a balance transfer, there are a few things to keep in mind. Before ever applying, know that you will save money on interest and fees by completing the process before the introductory offers end, so note those dates on your calendar.

Next steps

It can take up to three weeks for Chase to process your transfer, but don’t let that distract you — a successful balance transfer requires attention afterwards and you should make payments to your old account even while it’s being processed. It’s important to make timely payments on your Chase account to pay off the transferred balance before the introductory zero-interest window is over. Use Bankrate’s balance transfer calculator to determine how much you should pay per month to eliminate your debt before the card’s regular interest rate kicks in.

Even if you think you’ve cleared the entire account, you should also look into your old card to be sure it has a $0 balance. Otherwise, make at least the minimum payments until the account is zeroed.

Frequently asked questions

What type of balances am I able to transfer with Chase?

You can only transfer other credit card balances to a Chase credit card. You cannot transfer a balance from one Chase credit card to another.

Where can I check the status of balance transfers with Chase?

You can find your balance transfer history on Chase’s online portal. Go to your credit card’s page, select “Things you can do” and then “See balance transfer history.”

How often can I transfer a balance with Chase?

Chase cardholders are able to transfer up to $15,000 in credit card debt within any 30-day period.

Can balance transfers be partially approved?

Yes. With Chase, there’s chance only a part of your requested balance will be transferred.

What circumstances may cause my balance transfer to be declined?

Your transfer request may be declined due to any of the following: your account is past due or over limit, you request more than the maximum amount disclosed, Chase believes that you will be unable or unwilling to repay the balance, or for any other reason as described in your cardholder’s agreement.

Do balance transfers qualify for rewards?

Chase does not allow for rewards-earning on balance transfers.

How to do a balance transfer with different issuers