If you have been carrying balances on your credit cards month over month, you may have noticed that those interest payments really do add up. A strategic way to reduce or do away with those interest payments, as well as consolidating multiple account balances into one, is to do a balance transfer into a no-interest credit card.
Read more: Best Balance Transfer Cards
Chase Balance Transfer Offers
Currently, there are three credit cards where Chase offers a balance transfer option with an introductory period of 0% APR.
Chase Freedom Unlimited®
A good overall spending card that allows you to hold a balance on new purchases with a low introductory APR, pay no annual fee, and still earn at least 1.5% cashback on all purchases
- Generous welcome offer for a no annual fee card
- Unlimited 1.5% minimum earn rate for cash-back rewards
- No minimum redemption amount
- Foreign transaction fee
- Ongoing balance transfer fee is high
- Requires a companion card to transfer points to travel partners
- INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!
- Enjoy 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
- After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% – 29.24%.
- No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
- Member FDIC
Chase Slate Edge
The Chase Slate Edge℠* is a no frills, no-annual-fee credit card with a very generous 0% intro APR for 18 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. An intro transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies on transfers made within 60 days of account opening. After that, a fee of either $5 or 5% of the amount of each transfer, whichever is greater applies. Although the APR jumps up after the introductory period, this card offers to lower the APR by 2% annually when you pay on time and spend a minimum of $1,000 before your next anniversary of account opening, lowering by 2% each year until the APR reaches Prime Rate plus 9.74%.
Annual fee: $0
Balance transfer offer: 0% intro APR for 18 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. An intro transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies on transfers made within 60 days of account opening. After that, a fee of either $5 or 5% of the amount of each transfer, whichever is greater applies.
Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Chase Freedom Unlimited
The Chase Freedom Unlimited® offers a slightly shorter 0% introductory APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. An intro transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies in the first 60 days of account opening. After that, a fee of either $5 or 5% of the amount of each transfer applies. However, it makes up for it with other perks embedded in the card’s DNA. This is a cash-back credit card, earning 5% cash back on travel purchased through Chase Travel℠, 3% cash back on eligible dining and drugstores and 1.5% on all other purchases, plus an additional 1.5% cash back on the first $20,000 in purchases the first year.
You can also earn an additional 1.5% cash back on up to $20,000 spent in the first year, worth up to $300 cash back.
Annual fee: $0
Balance transfer offer: 0% introductory APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. An intro transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies in the first 60 days of account opening. After that, a fee of either $5 or 5% of the amount of each transfer applies.
Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Chase Freedom Flex
The Chase Freedom Flex℠ is very similar to the Freedom Unlimited, but it earns 5% cash back on up to $1,500 in combined purchases in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.
This card also offers a $200 bonus after spending $500 on purchases in the first 3 months from account opening.
Annual fee: $0
Balance transfer offer: 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. Balance transfer fee of up to 5% (min. $5) of the amount of each transfer applies.
Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
How To Get a Balance Transfer Offer From Chase
The easiest way to find out what balance transfer offers Chase has available for you is to log into your account and check every credit card you already have to see what the standing offer is on each of them. Chase will also send targeted balance transfer offers via email somewhat regularly.
Calling in or showing up at a branch is also possible, and they may yield better results as phone agents and bank employees might have access to unpublished offers.
How To Do A Balance Transfer With Chase
There are a few ways to do a balance transfer with Chase, whether it is online, over the phone or in person at a branch. The process will vary depending on whether you intend to transfer the balance into an existing account or you are applying for a new credit card to transfer that balance into.
New Credit Card Applicants
- Fill out a new card application on Chase’s website (or at a branch in person).
- You will be asked whether you would like to transfer a balance. Check “yes”.
- Terms and conditions will be shown, and you will be able to enter information regarding the account and amount you would like to have transferred.
- Click “submit” and wait for your application to process.
Existing Account Cardholders
- Log in to your Chase account online.
- In the main menu, go to “Pay & transfer” and click “Card balance transfers.”
- You will be asked to select a credit card to transfer the balance to, if balance transfers are available for that card.
- Next you will be asked to select a balance transfer offer.
- Verify your account information.
- Complete the information for the payee account, including how much of your balance you would like to transfer, and click “submit”.
- You will be shown a confirmation that your request has been processed.
It’s worth noting that, like other financial institutions, Chase will not allow a balance transfer from one Chase credit card to another Chase credit card, so if the balance you intend to transfer is currently in a Chase account, you’ll need to evaluate other credit card issuer offers.
Chase limits the overall amount you can transfer in a 30-day period to $15,000 or whatever your credit limit on the account is, whichever is lower, and you must factor in the balance transfer fee within that credit limit as well.
How Long Does a Balance Transfer Take With Chase?
Most balance transfers process within a week to 21 days when you transfer them to your Chase accounts. It is worth keeping in mind that these time frames are driven not by Chase itself, but by your payee—meaning the financial institution you’re transferring the balance from.
Cardholders are always reminded to continue making payments on the account they are transferring from until they have been notified the payment has posted and the balance has been successfully paid off.
Chase Balance Transfer Fees
Balance transfer fees are rather standard within Chase, but there are effectively three different tiers. The lowest you will see them is during the introductory period after applying for a new card, when it is $5 or 3% of the amount to be transferred, whichever is greater, as a way to entice new applicants.
If you’re choosing to transfer into an existing card, this is normally the highest cost for the balance transfer fees, which is $5 or 5% of the transferred amount, whichever is greater.
There is a third different fee of $5 or 4% of the transfer amount, whichever is greater, which is usually targeted via email for qualified clients.
Find the Best Balance Transfer Credit Cards Of 2024
Bottom Line
Chase offers three options to take advantage of 0% APR credit offers to transfer your balances, with generous introductory APRs of 15 to 18 months. Moving your higher APR card balances to these 0% APR Chase cards can offer relief from interest accruing on your accounts even when factoring in the balance transfer fees.
