Does Credit One Credit Card Do Balance Transfers?

Yes, Credit One Bank allows you to transfer balances from other credit cards to your Credit One credit card. This can be a helpful way to consolidate your debt and save money on interest. Here’s what you need to know about balance transfers with Credit One:

• How to request a balance transfer. You can request a balance transfer by logging into your Credit One account online or by calling customer service. You’ll need to provide the account number and balance of the card you’re transferring from, as well as the amount you want to transfer.
• Fees. Credit One charges a balance transfer fee of 3% of the amount transferred, with a minimum fee of $5.
• Interest rate. The interest rate on balance transfers will vary depending on your creditworthiness. The current variable APR for balance transfers is 14.99% – 24.99%.
• Time it takes to process. Balance transfers typically take around seven days to process. To track the progress of a submitted request, navigate to the Settings page within your account.

For Example: If you transfer a balance of $1,000, you’ll pay a balance transfer fee of $30. The interest rate on your balance transfer will be 14.99%, so you’ll pay $149.90 in interest over the course of a year.

Before you request a balance transfer, it’s important to compare the terms and conditions of different credit cards. Make sure you choose a card that has a low balance transfer fee and a competitive interest rate.