Can A Credit Card Issuer Refuse To Transfer My Balance?

April 1, 2024 By: Stephanie H. - CreditMonarch Online Writer01 comments

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So you are wondering if a credit card issuer can refuse to transfer your balance? First off, a balance transfer is basically asking one bank or issuer to pay off part or all of your debt to another. That’s why balance transfers cannot be done from one card to another if the same financial institution issues both cards.

Your balance transfer will be denied if it is within the same bank. A balance transfer could also be denied if you do not have enough available credit to cover the amount you have requested to transfer. As long as you are requesting a transfer from one financial institution to another and you have enough available credit to make the transfer, there is no other reason that the balance transfer would be denied.

If you are interested in the best balance transfer credit cards, we have recommended some below. Using a balance transfer credit card is great because they have benefits such as 0% APR and $0 annual fee, with these benefits you can save yourself a lot of money.

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• 0% APR
• Balance Transfer
• No annual fee