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Is it possible to opt for a balance transfer card from the same company with whom I owe an amount?

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Is it possible to opt for a balance transfer card from the same company with whom I owe an amount? I have heard that Citibank is offering such a card




Usually, the purpose of a balance transfer is to acquire a new customer along with existing debt.
Alternatively, you can transfer your balance to your one of the lowest interest rate cards with sufficient credit limit.

Sub: #1 posted on Wed, 09/25/2019 - 03:48

Mabelle Page Mabelle Page

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This is never written in a credit card agreement letter, but understand this fact clearly. A bank won't allow you to do a balance transfer between 2 cards that it issued. The logic is simple. The objective behind a balance transfer is to get a new customer with an existing debt. They don't want that existing customers to avoid interest charges.

Sub: #2 posted on Wed, 09/25/2019 - 21:46

Nick Jonas Nick Jonas

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You can ask the credit card company about this. I think they will agree.

Sub: #3 posted on Mon, 09/30/2019 - 22:49

sanderspatricia29 sanderspatricia29

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