Can I pay off a balance on my Diners Club credit card if I apply for a balance transfer card from the same bank that issued my existing card?

Answered on June 20, 2017
Updated on June 20, 2017
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
Unfortunately, you will not be able to do this. If you have a balance with, for example, Chase Bank, you won't be able to get a different credit card from Chase and transfer that balance for a zero-interest deal. But fortunately, there are many balance transfer offers to choose from, so chances are, you'll be able to find one from a different issuing bank. Look for an offer that lasts a long time; some balance transfer cards will give you a 0% APR promotional period for a year or even longer. You should expect to pay a balance transfer fee of around 3% of the amount you transfer, but if you can find an offer that waives the balance transfer fee entirely, all the better. Just remember that if you're paying a high interest rate on your credit card balance, it will almost always be worth paying a small fee to transfer that balance to an interest-free card.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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BROWSE MORE QUESTIONS ABOUT Balance Transfer Cards:

Unfortunately, you won't be able to transfer the balance of one Wells Fargo credit card to another Wells Fargo credit card as balance transfers between two cards of one issuer are not allowed. You will need to apply for a credit card from a different issuer.
When you first face credit card issues, some phenomena can come as a bit of a shock. For example, balance transfers may seem unintelligible, but in fact they are quite easy to understand. You have a balance on card A and then you transfer it onto card B. Cards for balance transfers usually have low intro rate offers on balance transfers, so for the first time you may have even a 0% APR offer. That will allow you to pay off some or all of your balance with little interest and save quite a lot. So that is quite an option. Note that balance transfer cards with attractive low rate intro offers...
Unfortunately, you won't be able to transfer the balance of one U.S Bank credit card to another U.S Bank credit card as balance transfers between two cards of one issuer are not allowed. You will need to apply for a credit card from a different issuer.

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