Credit Balance on Chase Card - Can I Use "balance transfer" against a credit balance?
Jun 29, 2016 | 12:19 pm
#1
Original Poster
Join Date: Apr 2013
Programs: Starwood/Hyatt/IHG-PLAT/Hilton-DIA
Posts: 468
Credit Balance on Chase Card - Can I Use "balance transfer" against a credit balance?
I have a -$500 credit balance in one chase card.
Instead of calling to ask them to send me a check, I saw they have an option for "balance transfer" at 0% APR for few months.
I don't need a traditional balance transfer or even care about 0% APR -- I am looking to do this soley to avoid the hassle of calling to have them send me a check or waiting for a secure message to process.
If I put in the card number of another chase card in my profile that does have a balance, will this work?
Or does Chase not allow me to transfer the balance online because the account I want to currently use has a credit balance?
Anybody have experience with this?
Thanks
Instead of calling to ask them to send me a check, I saw they have an option for "balance transfer" at 0% APR for few months.
I don't need a traditional balance transfer or even care about 0% APR -- I am looking to do this soley to avoid the hassle of calling to have them send me a check or waiting for a secure message to process.
If I put in the card number of another chase card in my profile that does have a balance, will this work?
Or does Chase not allow me to transfer the balance online because the account I want to currently use has a credit balance?
Anybody have experience with this?
Thanks
Jun 29, 2016 | 1:36 pm
#2
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,807
I have a -$500 credit balance in one chase card.
Instead of calling to ask them to send me a check, I saw they have an option for "balance transfer" at 0% APR for few months.
I don't need a traditional balance transfer or even care about 0% APR -- I am looking to do this soley to avoid the hassle of calling to have them send me a check or waiting for a secure message to process.
If I put in the card number of another chase card in my profile that does have a balance, will this work?
Or does Chase not allow me to transfer the balance online because the account I want to currently use has a credit balance?
Anybody have experience with this?
Thanks
Instead of calling to ask them to send me a check, I saw they have an option for "balance transfer" at 0% APR for few months.
I don't need a traditional balance transfer or even care about 0% APR -- I am looking to do this soley to avoid the hassle of calling to have them send me a check or waiting for a secure message to process.
If I put in the card number of another chase card in my profile that does have a balance, will this work?
Or does Chase not allow me to transfer the balance online because the account I want to currently use has a credit balance?
Anybody have experience with this?
Thanks
If you have a credit balance and want to transfer to another Chase card, simply call or SM.
Jun 29, 2016 | 2:47 pm
#3
Original Poster
Join Date: Apr 2013
Programs: Starwood/Hyatt/IHG-PLAT/Hilton-DIA
Posts: 468
Not trying to manufacture spend or anything, I am only looking to do the transfer online.
I just SM'ed them to do the transfer, but am curious still..
Jun 29, 2016 | 3:02 pm
#4
Join Date: Aug 2010
Location: CLT
Programs: AA, AS, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,075
To start with, most balance transfers, even with a special offer, have a fee (usually 2-4% of the amount). There are two costs to a balance transfer - the initial fee and then the APR. The APR is often 0% as a special offer, but it's extremely rare to get 0% fee and 0% APR (except on some new account offers).
Jun 29, 2016 | 4:04 pm
#5
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,807
To start with, most balance transfers, even with a special offer, have a fee (usually 2-4% of the amount). There are two costs to a balance transfer - the initial fee and then the APR. The APR is often 0% as a special offer, but it's extremely rare to get 0% fee and 0% APR (except on some new account offers).
So only the BT fee is involved.
