Clearing outstanding debts or paying off a big purchase may require frequent balance transfers that can incur more debt. The perfect solution is to get a credit card with an APR-free period. Our list of the best Capital One credit cards for balance transfers can help you choose a suitable option that fits your needs.
Our Top Capital One Credit Cards for Balance Transfers
The best Capital One credit cards for balance transfers in this list stand out for their lucrative introductory APRs. You can transfer balances during this offer to:
- Save on interest
- Simplify payments, as you can consolidate your debts to one card to pay them off.
- Clear your debt faster
Also, you get additional features that add value to the users. Each card comes with unique benefits and rewards programs.
- Best altogether: Capital One SavorOne Cash Rewards
- Best for flat-rate rewards: Capital One Quicksilver Cash Rewards
- Best for travelers: Capital One VentureOne Rewards
Best Altogether: Capital One SavorOne Cash Rewards
The Capital One SavorOne Cash Rewards is the only card in this list that offers generous cash back percentages on bonus categories. Moreover, they don’t have a price cap like other rewards cards on this list, which means you can earn as much as you want throughout the year.
For cash back rewards, you get:
- 3% cashback on dining, entertainment, streaming services (like Disney+, Hulu, Netflix, etc.), and grocery stores (does not include Target and Walmart).
- 5% return on booking hotels and rental cars.
- 8% back on purchasing tickets through Capital One Entertainment.
- 1% return on every other purchase.
You are also eligible to earn a $200 cash bonus after spending $500 in the first three months. You can get this bonus quickly if you spend more in the basic bonus categories. This can be managed easily if you take care of your own bills and expenses.
Introductory APR Period
This card gives you a 0% introductory APR period for the first 15 months. You can use this time to transfer debt balances to your card and pay them off without incurring more debt.
Pros
- You don’t pay an annual fee for this card, which makes it cheaper.
- You get a 0% introductory APR period like several top-tier cards. You can use it to transfer your balance without incurring debt.
- You get generous reward percentages with the SavorOne Rewards, just like several other rewards cards.
Cons
- You get an average flat-rate reward percentage with this card. Some other cards offer more than just a 1% return on purchases.
- You cannot get it if you have just an average or a good credit score.
- You can incur a maximum interest rate if you don’t fully clear your monthly dues.
Best for Flat-Rate Rewards: Capital One Quicksilver Cash Rewards
The Capital One Quicksilver Cash Rewards is your best option if you want to keep things simple. You can build credit responsibly while earning a steady amount. Like every Capital One card, you don’t pay an annual or foreign transaction fee here.
You get a straightforward 1.5% cash back on purchases, making earning rewards without a price cap easy. You also get an unlimited 5% return on booking hotels and rental cars through Capital One Travel. Furthermore, you get a one-time $200 cash bonus after the first $500 spent in 3 months.
Additionally, you can get discounted deals (wherever applicable) on products if you shop at Amazon. The Capital One Shopping portal applies coupon codes to the products you need to buy, helping you save more money.
Introductory APR Period
This card gives you a 0% introductory APR period for the first 15 months. You can use this time to transfer debt balances to your card and pay them off without incurring more debt.
Pros
- It is easy to earn flat-rate rewards, unlike the SavorOne Rewards card, which requires tracking the reward categories.
- You pay a $0 foreign transaction fee here, which allows you to make international purchases easily.
- You get travel accident insurance with this card. You get reimbursed if a flight-related mishap occurs.
Cons
- Consumers who spend heavily in specific categories like dining or groceries might find this card less rewarding.
- You can incur a maximum APR if you don’t pay off your monthly dues.
- Unlike some other Capital One cards, you don’t earn bonus cash back on entertainment purchases with this card.
Best for Travelers: Capital One VentureOne Rewards
The Capital One VentureOne Rewards card is designed for travelers. You earn 1.25 miles per dollar on every purchase. Besides this, you earn 5x miles for booking rental cars and hotels with Capital One Travel. You can redeem reward miles for:
- Purchasing from the bank’s travel partners
- Gift cards
- Statement credit
Additionally, you get extra travel-related perks, like:
- $0 foreign transaction fee
- Auto rental collision damage waiver
- Travel accident insurance
- Extended warranty
Introductory APR
This card gives you a 0% introductory APR period for the first 15 months. You can use this time to transfer debt balances to your card and pay them off without incurring more debt.
Pros
- You don’t pay an annual fee or a foreign transaction fee, making this card cheaper to own.
- You get a 0% introductory APR period like other cards in this list. You can use this time to pay off your dues.
- You get flexible travel redemption options with no blackout dates here. For example, redeeming towards the bank’s flight and hotel partners can get maximum value.
Cons
- You get a lower flat-rate miles margin compared to other Venture cards. This might make this card less attractive to consumers who want to earn more.
- You are exempt from incurring debt on transfers for 15 months. However, you still have to pay a balance transfer fee.
- You might not like the redemption options if you don’t have frequent travel expenses. Your reward value decreases if you redeem options other than travel purchases.
Features to Consider for Capital One Credit Cards for Balance Transfers
Capital One offers an extended APR-free period on some cards. Besides verifying the time limit and services you are exempt from incurring APR on, you must consider other factors, too, like the reward percentages and cumulative card fees.
| Introductory APR | Annual Fee | Rewards | |
|---|---|---|---|
| Capital One SavorOne Cash Rewards | 0% for the first 15 months | $0 | 3% cash back for dining, grocery, streaming, and entertainment purchases |
| Capital One Quicksilver Cash Rewards | 0% for the first 15 months | $0 | 1.5% flat-rate cash back on every purchase |
| Capital One VentureOne Rewards | 0% for the first 15 months | $0 | 1.25 miles on every purchase |
Time Period
It is an important consideration, especially if you want to pay off a large debt or purchase installments. Some cards allow you less time to avail of this offer.
On average, cards can offer an interest-free period of anywhere between 12 and 21 months, depending on the issuing company. Capital One usually offers a long period of more than ten months on cards like the VentureOne Rewards.
Rewards
Capital One cards often come with a range of rewards and perks. These can include cash back on purchases, travel points, and exclusive access to events.
Look for cards that offer additional benefits such as travel insurance, extended warranties, and purchase protection. Some cards also provide higher reward rates for specific categories like dining, travel, or groceries. The Capital One SavorOne Cash Rewards is a good example of this.
Card Fees
Annual fees can vary significantly among Capital One cards. Some cards, like the Quicksilver Cash Rewards, come with no annual charge, while others may charge a high or low fee.
Additionally, consider other fees like foreign transaction fees. It can add up if you frequently travel internationally. Every Capital One card waives this fee, making them more suitable for international use.
Related Questions
How to Transfer Money from a Capital One Credit Card to Another Account?
You must make a balance transfer to transfer money from a Capital One card to another account. Log into your Capital One online account and navigate to the balance transfer section. Then, you must follow the prompts to enter the details of the receiving account. Remember that this process can take a few business days to complete.
Can I Use My Capital One Card to Pay off Another Credit Card?
Yes, a Capital One card can pay off another credit card through a balance transfer. Enter the card details to be paid off during the balance transfer process. This can often help consolidate debt and save on interest if the promotional APR is lower.
Do Balance Transfers Hurt Your Credit?
Balance transfers can affect credit scores, especially if they lead to significant changes in credit utilization. Opening a new credit account or maxing out an existing card can impact this ratio. However, responsibly managing payments on the transfer can help ma0intain or improve credit scores over time.
Conclusion
If you’re looking for the best card for balance transfers, Capital One SavorOne Rewards is the right choice. Although every card in this list offers the same introductory APR period, it has higher reward percentages. Alternatively, you can choose the Quicksilver Rewards for hassle-free cash back. Those who travel frequently should consider getting the VentureOne Rewards card to clear your debt.