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Balance Transfer Cards 101: Everything You Need to Know

TommyBryson 128 views

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If i owe a Bank of America credit card $30k and my Chase credit card has a $15k limit, can I only balance transfer the $15k or can I do the $30k balance transfer?
Comment from : @rjdodgerz2776

Question: can I transfer my balance from one balance transfer card to another balance transfer card?
Comment from : @biancasymm777

Thank you for this video It helped me understand balance transfers
Comment from : @SimplySelahB

Didn’t know you used to have dredz 😅
Comment from : @wolfycreative2486

I have a question, what if you owe $7000 open up a new card and only get approved for ex $3000 can you at least transfer the $3000?
Comment from : @julianahammond9139

I got 21 months zero apr I’m so happy It’s definitely a blessing for me I have about $5k and I’m very actively paying it off
Comment from : @mkfmgaming3019

thanks brother
Comment from : @WolfManDon93

Thank you
Comment from : @JOYCYJOSEPH555

Why would you transfer a balance to another card when your account is prepaid from the credit of the trust?
Comment from : @TheFreedomStudioChannel

Transfer the money, make the monthly payment the same as when you were paying interest on it Pay as much extra as you can afford Don't buy anything on credit untill everything is paid off Put everything on auto pay Keep track of you normal monthly expenses Soon you will be out of debt
Comment from : @Up2You-t7x

Great to hear that we can bring in other debts into it, like a car loan That’s awesome!! Thanks for sharing that
Comment from : @ThaísKnight-k6o

can i balance transfer multiple cards to the new 0 card?
Comment from : @bryan8734

Can you do a balance transfer on more than 1 card? How does that work? For instance consolidate 3 cards onto the 1 balance transfer card
Comment from : @zackmonson4167

Help!!! What happens to the old card After you send over the debt to the New No Int rate/apr One????does that remain open???
Comment from : @jsandiego2394

Thank you for this video! very informative! Appreciated it!
Comment from : @dasanix120362

Say you have debt and transfer the money to another card After that 0 interest period and your balance transfer card becomes a regular credit card, can you now transfer that debt to yet another balance transfer card at 0 with another bank?
Comment from : @TP3TAY

If I have $5500 in debt across multiple cards can I still do a balance transfer
Comment from : @luis-zc4os

bJESUS CHRIST LOVES YOU AND CARES FOR YOU HAVE A GOOD DAY EVERYONE/b
Comment from : @Bensnsnajebe

What if you have more than 20,000 in credit card debt? Will they let you put the whole amount on the card?
Comment from : @cynthiamcclendon7380

This was extremely helpful out of 3 videos lol
Comment from : @Vikshay

Does the balance transfer fee get added to the balance or do you have to pay it up front ?
Comment from : @mrlude490

How do you actually transfer the balance from one card to another?
Comment from : @jsac3939

Can I transfer with the same bank? I have Discover and I really like their service/system
Comment from : @user-jp3ud4qf6x

Keep up the good work brother Good info
Comment from : @kevin11433able

Once Il you get a balance transfer card how do you actually do the balance transfer
Comment from : @reinnamatthews5825

haha Couldn't you just use a credit card to pay off a credit card Like back and forth haha
Comment from : @ThiCityProductions

I don't fit into such a topic!
Comment from : @JammieLamie

I swear man EVERYTIME I look up something money related, u have already made a video answering my question Or it's you reviewing a book I'm interested in reading Thank you Keep up the good work, I really appreciate it
Comment from : @mrrobinson10

What if you already have a credit card you want to transfer too not open a new one can u still do that?
Comment from : @michaelmartin2578

I had a question Suppose I take a loan of $2500 on the new balance credit card and pay the whole amount in one year rather than wait 18 months to pay Does that mean that since I've cleared out the whole amount I can start a fresh new credit balance again with a 0 interest with 18 months again?
Comment from : @shavezwilliams

Ok These balance transfer cards are confusing So if I transfer credit card balances over to another card is that closing those accounts or will those cards be in good standing still What happens to them?
Comment from : @cierrafarmer3246

Great video Thanks for the help
Comment from : @Usmc7ton85

And don't forget interest compounds on top of itself!!!
Comment from : @elisabethjones4917

GREATThank you❗️
Comment from : @wandarichardson8762

I have a question if anyone can help me out I’m in about 20th of debt I was able to open a Citi credit card with 0 APR for 12 months and bank transfer up to 21 months I have two cards I own on and my initial credit limit is 8700 for a bank transfer The two cards I have are more than that so not sure how to make it work without getting denied the bank transfer
Comment from : @DianaJimenezMUA

Great video!
Comment from : @organicintelligence6431

Thank you so much I really appreciate your knowledge
Comment from : @TheJoan48

Great information Thanks so much for taking the time to create this video Cutting the cards for sure You did help a great deal
Comment from : @MsOlympia

Whoa whoa whoa You can do this with car loans too?? How???
Comment from : @ConleyClips

thank you
Comment from : @rebeccaemmanuel8074

If you do the transfer and say u has a balance of 1000 dollars now when the interest grace period is over say u onlybrOwe 200 left are they going to charge you interest on the balance that’s left , or from the original Balance?
Comment from : @Itsjrob_

Thank you for explaining and for using an example 👏🏼👏🏼👏🏼👏🏼
Comment from : @angelicatufino880

How many times can you transfer the same balance?
Comment from : @Scottie5401

This was helpful thanks! Crazy how cc interest is 30 now
Comment from : @jdlam569

Helpful… subscribed
Comment from : @reachaminah3022

Do I just pay my card that I have my debt on off by just using the card or do I call my balance card company and have them set it up??
Comment from : @ericg5922

I decided to do a balance transfer in order to quickly close out an account with bad APR and clear out another line so I could essentially use it as a food cardbrbrThey said I was approved for a pretty high limit (I have good credit) but for some reason it looks like I'm just getting a new card, even though I mentioned it was a balance transfer (and even entered balances to transfer from different accounts) yet it just looks like I got a new card Do I initiate a transfer onto a 0 interest card AFTER I get the card, or does the transfer start before I get it?
Comment from : @VultureXV

tbh you talk too much, just tell us the important parts
Comment from : @trexmodefitness6396

What u do is sign up for one balance transfer card Do ya min payments, if it’s 18 months, around month 16 get a new balance transfer card and transfer what you owe over to the new card Rinse n repeat
Comment from : @swiss954

Does your debt to income ratio affect if you can get approved for a balance transfer card
Comment from : @justuskeaton9532

How do you determine how much the balance will be on the new card? Will they take everything that's owed?
Comment from : @exoticblue123

Question, if we have multiple balances how do we put that all on one at once I understand each account balance will have that fee
Comment from : @rachelwentz6674

Can you transfer 2 balances onto one 1 credit card? And after transferring the balances do the credit cards close or you can keep them?
Comment from : @TheMcspeedy1

Clear,and to the point Thank you! 🙏🏾
Comment from : @planittilyoumakeit

This video was amazing, easily explained Thank you for your knowledge!
Comment from : @starrjanai2623

My Friend is him lol
Comment from : @Rose2gard

ty sir needed this lesson
Comment from : @E_Pany

Your channel just saved me 25! Thanks fam!
Comment from : @mrbriceno3949

You explained this very well Thank you
Comment from : @yaddayadda6999

Awesome video Thank you 💪🏾💪🏾
Comment from : @Dhayes95

Thank you, because of your video I legit applied for a discover it card and now I am doing a balance transfer Setting it on autopay and forgetting I got it!
Comment from : @dolledbytan3952

I have a discover card I want to transfer balance from another credit card how can I do that !?
Comment from : @joseRodriguez-pk9ld

I literally just applied for a HELOC I really didn't want to do that but it's 20k of debt I think I want to do the balance transfer for the largest debt This gives me less anxiety than having a heloc
Comment from : @naturalMLO

Great video I am deciding to a transfer myself thanks!
Comment from : @justinelall292

I like how this guy provides true value and gets straight to the point! Good stuff bro!
Comment from : @alexle8917

When I get the balance transfer credit card-I have to have make sure that I get an available balance to cover the debt from the other credit card Frustrating that there’s no way to tell how much they’ll approve me for
Comment from : @jy2569

Thanks for the help! If I have 2 balances I wanted to transfer to the one credit card, is that possible? Or I can only transfer 1 balance? Thank you!
Comment from : @leeeeeelz

Is something stopping me from going to another balance transfer card once my time of 0 APR is finished?
Comment from : @Innovatetech-solution

This was super informative and simple to understand Thanks!
Comment from : @Jayyy_Wav

I have a Discover It card with a 1749 interest rate I have two other cards with 23xx and 27xx Since the Discover card is new I get 15 months 0 interest for purchases and balance transfers I plan on moving the debt from those higher interest cards to the Discover card By the time my 15 months is up I will have paid off more than half of what I moved over The rest will be under a much better interest rate It's also possible that in 15 months I can get another card that has 0 interest for balance transfers and finish paying off the rest without adding interest
Comment from : @darkshogun5887

What if I owe $17,000 between 6 different cards?
Comment from : @humpty318

Just did this and hope to pay it off in 15 months and BE DONE
Comment from : @commentstella9950

So I have 2 discover cards and one capital one Can I balance transfer from discover 1 to capital one and do another balance transfer from capital one to discover 2? You know we can't transfer from the same bank
Comment from : @sunnykhb746

Great video! When transferring a balance from a card does it have to be the full balance or can it be partial?
Comment from : @davismvilla

Great video! Thanks!
Comment from : @ivantijuaz

I just got Discover $8000 with a 690 cs
Comment from : @williambauers1039

If I have a Discover card already and want to do a balance transfer, can I do it with Discover on their Discover it card or do I have to pick a new credit card company?
Comment from : @jenniferosea

Kemba Financial has a 0 card with balance transfer NO transfer fee 12 months 0
Comment from : @peartfaldo

What about a debt of $24k What if you are not approved for a balance transfer for the full amount just partial?
Comment from : @mariestarr8781

so after the balance is transferred What's the card limit?
Comment from : @yaaadilaw

Great info man but try to slow down you're speaking too fast and sound agitated
Comment from : @adriantoro298

Can you pay heloc with balance transfer card?
Comment from : @zoobafornow

Exactly what I was looking for, thanks for the info!
Comment from : @Tumkatt

How do I transfer funds from my discovery credit card to my bank account?
Comment from : @relaxingsoundsofnature3390

You say you’re not affiliated but I’m your description you say you are Isn’t that a felony?
Comment from : @ryanmiller63

Thanks for the video!
Comment from : @bhangminh4330

Very helpful information I have a $9,000 credit card balance that I would like to transfer, if I get one of these credit card will I be able to transfer the whole $9,000 to the new credit card?
Comment from : @solwellnesscoach6559

hey tommy does balance transfer work to transfer federal student loans to a credit card?
Comment from : @drprince09

If you're responsible the best balance transfer card imo is one that offers a intro bonus use that intro bonus to help pay down the balance transfer
Comment from : @Spencerwalker21