dcsimg

Ask the expert

Add captcha
Close
Enter the text shown above:

I want to apply for a Capital OneĀ® no annual fee card with points but I also want to do a balance transfer. If I apply for the points card, do they send BT offers once you have the card in hand?

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook

Q: I want to apply for a Capital One® no annual fee card with points but I also want to do a balance transfer. None of the Capital One® cards seem to have points and a BT offer. If I apply for the points card, does anyone know if they send BT offers once you have the card in hand?

A: The current marketplace for credit card offers seems to have two checkout aisles: one for consumers who need to carry a balance from month to month, and another for folks who intend to rack up as many reward points as possible. There's a way to get the best of both worlds, but at a price.

By design, credit card offers hope two attract one or the other kind of prospective cardholder. Banks use these offers to figure out how best to make money from you. For instance, a balance transfer offer lures the kind of consumer who's likely to let some interest accrue from month to month. Likewise, a great rewards credit card enables banks to earn revenue from transaction fees on all the purchases you'll make every week.

It's rare to find a card that offers both a low introductory APR and a strong rewards program. And, thanks to the Credit CARD Act, it's difficult for banks to change the terms of your existing account to include a balance transfer offer.

However, there may be a way to qualify yourself for a Capital One® balance transfer offer on an existing rewards credit card. Log in to your secure online banking portal at CapitalOne.com. Once you're in, look for a link that says "Modify Your Features." A pop-up window will walk you through any available upgrades or offers on your current account. Every few months, based on your account status, you may qualify for a change to your accounts terms and conditions that could include a different rewards deal or perhaps even a balance transfer offer.

If that doesn't work, there's one more way you may get a balance transfer offer from Capital One® after you've been a customer for at least six months. Visit the front page of their website and search under the "credit cards" menu for a link that says, "See If You're Pre-qualified." Filling out a quick form will show you whether Capital One® has reserved a balance transfer credit card for you without performing a hard pull of your credit report.

0 Responses to "I want to apply for a Capital OneĀ® no annual fee card with points but I also want to do a balance transfer. If I apply for the points card, do they send BT offers once you have the card in hand?"

No Comments

Leave a Comment
 
 
 
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here

NEXT »

Featured Partner Cards

loading