Hello! I have a couple of cards with Chase and Barclaycard. I want to know if there is an opportunity of transferring the balance of those cards to one credit card so I can make just one monthly payment to one company. My credit is about 720. What can you offer?

Answered on August 22, 2019
Updated on August 22, 2019
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
If you want to consolidate your balances, the best option will be a balance transfer credit card. You can transfer all your balances onto one credit card and pay the debt off. When choosing a credit card pay attention to the credit rating required. You indicated you have a good credit history, so many cards will suit you. Remember that you cannot transfer to the same bank or issuer. So look for a bank you don't already have a balance with. And make sure the overall balance you are going to transfer does not exceed the limit of the new credit 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:

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 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.
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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