What happens if my balance transfer is rejected?

There can be several reasons for a rejected credit card balance transfer. Common reasons include insufficient credit limit on the new card, a recent credit inquiry history, or a high credit utilization ratio (the amount of credit you're using compared to your total limit). Contact the card issuer for a specific explanation and work on improving your creditworthiness before reapplying.

Will I still earn rewards points on the transferred balance?

Typically, you won't earn rewards points on the transferred balance, as it's essentially a cash advance. However, you might earn points on any new purchases made with the new credit card during the 0% APR period.

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How Long Does a Credit Card Balance Transfer Take? Quick Guide

28 April 2024

Drowning in a sea of high-interest credit card debt? You’re not alone. Many Americans struggle with credit card…