They’re most beneficial if the cardholder is able to pay off their debt after transferring it to a no-interest credit card account. Balance transfers are not always a good idea.Before applying for a Citi credit card, keep these things in mind: Things To Know About Balance Transfers With Citi Ahead of TimeĪn introductory APR is an enticing offer for anyone seeking a balance transfer. If needed, call the number on the back of the card to speak to someone directly.Provide any requested information to complete the transfer, like account number, creditor’s name and amount to transfer.Select “Balance Transfers” then “View Available Balance Transfer Offers.”.Log in to the online account and select “Payments and Transfers” near the top.If the online application does not permit balance transfer requests, call the number on the back of the card after approval and ask to transfer a balance.If the online application allows for a balance transfer request, do so and provide any information required about the transfer, like account number and amount to be transferred.Fill out a card application online to get the best offer.Be sure to have information about the balance you’re transferring on hand, like account numbers, amount to transfer and the creditor’s name. Current Citi cardholders can log into their accounts to start balance transfer transactions. New cardholders can note in an application that a balance transfer is desired or they can call the number on the back of the card to start the process after receiving an approval. N/A How To Do a Balance Transfer with CitiĬiti makes it easy to request a balance transfer for new and current cardholders. Purchases will be subject to interest if the intro offer doesn’t apply to both purchases and balance transfers. Cash back or reward points might also make or break a decision when thinking beyond the low introductory APR period.įor all Citi cards, balance transfers must be completed within the first four months of opening the account in order to qualify for the intro offer. Pick the card that will be the most beneficial financially-that is, the card that’ll allow you the most time to pay off a transferred balance at the lowest rate while charging the lowest fee. The Best Citi Balance Transfer OffersĬiti’s best balance transfer card offers include an 0% introductory APR and no annual fee. Before applying for a new Citi card, make sure the fee and potential interest charges won’t break the bank. Cardholders will have to pay a fee for each balance transfer and a variable APR will be applied to the remaining balance after the promotional period ends. None of the cards we cover here have an annual fee and all offer a 0% introductory APR for 15 to 18 months, to be followed by the card’s standard rate APR. Balance transfer cards enable cardholders to pay off debt without worrying about paying interest.Ĭiti (a Forbes Advisor partner) offers relatively solid card offers for transferring balances. As tools that can often buy more time for consumers out of time with debt, balance transfers are most useful when transferring a credit balance from a high-interest account to a new credit card account that offers a promotional low or no APR for a period of time. Balance transfers present an excellent way to consolidate bills and pay off debt.
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