Chase is one of the more competitive credit card issuers when it comes to credit card balance transfer offers.
The bank offers a number of 0% balance transfer credit cards, with 0% APR for as long as 18 months in some cases, so they’re certainly one issuer you shouldn’t ignore if you’re in need of a balance transfer.
Chase Credit Card Balance Transfer Offers:
Chase Ink Cash Business Credit Card – 0% introductory APR for 12 months on balance transfers and purchases, 5% balance transfer fee (ouch!) with a minimum of $5, no annual fee.
Chase Freedom Card – $150 Bonus Cash Back and 0% APR for 15 months on both purchases and balance transfers with a 3% balance transfer fee ($5 minimum fee), no annual fee.
Chase Freedom Unlimited – 0% APR for 15 months on both purchases and balance transfers with a 3% balance transfer fee ($5 min) and no annual fee.
Southwest Airlines Rapid Rewards Premier Card from Chase – you can earn one point for each $1 of balance transfers you move to the card during the first 90 days from your account opening date (up to 15,000 points), but the APR is a sky-high 16.24%. Also a 5% balance transfer fee ($5 min) and $99 annual fee. Not recommended for balance transfers.
Southwest Airlines Rapid Rewards Plus Card from Chase – you can earn one point for each $1 of balance transfers you move to the card during the first 90 days from your account opening date (up to 10,000 points), same sky-high APR of 16.24%, 5% balance transfer fee ($5 min), and $69 annual fee. Not recommended for balance transfers.
Some Chase Balance Transfers Have a 5% Fee
During the credit crunch Chase removed the balance transfer fee cap, and charged as much as 5% in balance transfer fees, making it a relatively expensive option for cardholders in some cases. But the fee is now back to 3% or ZERO if you go with Slate.
The good news is that their balance transfer offers also come with no annual fee and you can earn cash back rewards once your card is paid off. The Freedom card is one you’ll actually want to keep once the debt is gone.
If you are a current Chase credit card member, you can also log-in to your account and look at balance transfer offers for existing customers. Sometimes those offers are better than the ones available to the public, so definitely take a look if you’re already a customer.
They typically list any offers available to you, though there may not be any at any given time depending on whether you’re targeted or not.
Chase also offers balance transfer checks, which allow you to balance transfer into your checking account, effectively turning the transfer into cash without a cash advance fee. These can be handy if you need to pay other bills aside from credit cards, or if you simply need cash.
These offers will typically be mailed to you as well, just be sure to double-check the terms to ensure you don’t get charged any exorbitant fees. Generally, the 3% balance transfer fee should apply.