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How to transfer funds from one credit card to another

We use cookies to improve your experience on our site. How do I transfer a balance from one card to another? What to consider before you make a transfer If you absolutely need to transfer funds from your card to your bank account, consider the risks by asking yourself the following questions before pulling the trigger: How much can you transfer? So the projected savings on interest should ideally outweigh these potential costs.

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Edited by Kenley Young. Written by Claire Tsosie. Keep an eye on the new account to see when the balance has been transferred, and consider closing the old account to avoid the temptation to use it again and accrue more debt. May we use marketing cookies to show you personalized ads? The scoring formula takes into account the type of card being reviewed such as cash back, travel or balance transfer and the card's rates, fees, rewards and other features.