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

Our credit card articles, reviews and ratings maintain strict editorial integrity and are independent of whether a card is an advertiser (they are neither commissioned by nor reviewed, approved or endorsed by issuers); however we may receive compensation through the issuer's affiliate programs when you click on links to products from our partners and get approved. See details on how we make money here.

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 credit card 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.


Be the first to comment!

Start Here

Search. Compare. Apply.

Featured Partner Cards