FAQ: Can I Transfer a Balance from One Visa to Another Visa?

Over the years, a number of consumers have inquired about whether it is possible to transfer balances from one Visa credit card to another. The answer to this question is yes, though there are a few stipulations.

With the exception of American Express and Discover, both of whom are payment networks and card issuers, you can transfer balances from Visa to Visa, from MasterCard to MasterCard or from Visa to MasterCard and vice versa. In a nutshell, Visa and MasterCard simply process payments and do not issue credit cards.

The complicating factor here is transfers between issuers. For example, if you have debt on a Chase Visa card, you cannot open another Chase Visa or MasterCard that offers a 0% APR balance transfer and shift your debt from one card to the other. This is essentially the only limitation. Consequently, when comparing balance transfer credit cards, the fact that you have debt on a Visa or MasterCard branded card is irrelevant. The key thing to consider is the bank that issues the card. As long as you are moving your balance from one bank to another bank, doing a balance transfer is a straightforward process.

 

 

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