Can you do a balance transfer with the same bank?
Of note: You generally can't transfer balances between cards from the same issuer. If you have debt on a Wells Fargo card, for example, you couldn't transfer it to the Wells Fargo Reflect® Card.
Banks will generally put some limitations on balance transfers within the same bank. While some banks may allow you to, this is very rare. In most cases, the most effective thing to do is to apply for a balance transfer card at a different bank that uses a different card issuer.
Please note: Balance transfer request(s) made online and/or with a Customer Service Specialist cannot exceed $15,000 within any 30-day period. Balance transfers may not be used to pay other credit cards or loans issued by JPMorgan Chase Bank, N.A. or any of our affiliates.
Before you transfer your balance, follow these tips: Make sure you're transferring from a different issuer: You cannot transfer debt from one Bank of America credit card to another Bank of America credit card.
You may be approved for a card but denied a balance transfer if your credit limit is too low, you waited too long to request a balance transfer after opening your account or you're trying to transfer a balance from one card to another with the same issuer.
You generally can't transfer balances from one to card to another from the same provider or open balance transfer card accounts with companies you already have credit cards with. This also extends to their affiliated and partner providers.
In some cases, a balance transfer can positively impact your credit scores and help you pay less interest on your debts in the long run. However, repeatedly opening new credit cards and transferring balances to them can damage your credit scores in the long run.
Your old credit card will remain open after the balance transfer is complete, and you can decide whether you want to keep using it, stop spending on it, or close your account.
Additionally, be aware that if your balance transfer card has a low limit, you may not be able to transfer your entire balance. Finally, balance transfers cannot be made between credit cards issued by the same financial institution.
Balance transfers are not available between credit card accounts issued by Wells Fargo or any of its affiliates.
Can I overpay my credit card to increase the limit?
Overpaying does not raise your credit limit.
An overpayment will not help boost your credit limit, not even temporarily. Your credit limit remains the same — you'll just have a negative balance that will be applied toward your next statement.
Can you make multiple balance transfers to avoid interest? Yes, you can transfer multiple balances to a new balance transfer card. You can also transfer balances from one 0 percent APR credit card to another or open up new credit cards to carry out multiple balance transfers.

Key takeaways
A balance transfer credit card can offer you many months to pay off high-interest debt in the form of a 0 percent introductory APR. But when that balance transfer period ends, interest charges are added to the balance if it isn't paid off.
You also can't transfer balances between cards from the same issuer. So, for example, if your debt is on a Citi card, you can't transfer it to another Citi card.
Your request for a balance transfer might be declined if the transfer amount is above your credit limit, your account is in poor standing or you're trying to transfer a balance to a card from the same credit card issuer.
There are a few reasons why your bank transfer can be rejected: The bank account you're transferring from may not have enough funds in it to make the transfer. The bank account you're transferring from may be closed. The login credentials for the bank account you're transferring from have been updated.
You can transfer a balance to an eligible Chase credit card after you're approved during the application process or if you're eligible for a balance transfer offer through an existing account. Chase allows up to $15,000 in transfers within a 30-day period but does not allow transfers from one Chase card to another.
A balance transfer fee will likely apply
Depending on the terms of the card you're considering and its current promotion, you may have to pay a balance transfer fee. This fee is usually 3 percent to 5 percent of the total transfer amount and may be subject to minimum fees.
You can't transfer a balance higher than your credit limit, and $10,000 is at the high end for most consumers. (Remember that any applicable balance transfer fees will also be deducted from your credit limit.) Also be aware of the types of debt you can transfer.
Balance transfers can have downsides, starting with the fees you might pay to complete. Those fees get added to your balance, increasing the amount you have to repay. A balance transfer may not save you money on interest if you're not able to pay the balance off before the end of your promotional period.
What happens to the old credit card after a balance transfer?
After a balance transfer takes place, your old account remains open. The original card issuer will typically only close your account if you make a request for it to do so. Unless you have a good reason to cancel your old credit card, however, you may want to think twice before you close the account.
Balance transfer credit cards typically require good credit or excellent credit (scores 670 and greater) in order to qualify.
However, it's important to understand that transferring a balance to a new credit card will not close the account of the original card — the balance will simply revert to zero.
Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.
With a Discover® balance transfer card offer, an account must be open for 14 days before Discover can begin processing your balance transfer request. After that, most transfers are processed within 4 days. Keep in mind that it may take some time for the credit to appear on the account you're transferring from.