PNC Bank, National Association is the issuer of the PNC Bank credit cards described herein.
Credit Card Balance Transfer Guide
Everything you need to know to complete a PNC credit card balance transfer.
What Is a Balance Transfer?
Credit card balance transfers allow you to move all or part of a balance from most non-PNC financial institutions or credit related companies to your PNC credit card account balance.
It is a simple way to consolidate debt, manage payments, and take advantage of promotional APRs. You may open a new credit card that comes with a balance transfer offer, or you can complete one on an existing credit card account.
Is a Balance Transfer Right for You?
- Do you have a promotional balance transfer offer? Balance transfer promotions typically offer a lower APR over the length of a promotional period.
- What happens after the promotional period ends? Your standard APR will apply once the promotional period ends.
- What fees apply? Balance transfers typically carry a fee, usually a percentage of the amount transferred, which is disclosed in the offer and at the time of the transfer request.
- Do you have enough credit available? You must have enough available credit to cover both the transfer amount plus the fee.
What You'll Need for a Balance Transfer
Before starting your balance transfer, gather:
- Creditor’s mailing address for the account you’d like to transfer a balance from (typically found on the account statement)
- The amount you want to transfer
- Your full account number from the other creditor
- Your CVV code on the back of your PNC credit card (in certain cases)
PNC cannot complete transfers from PNC accounts or affiliates to individuals (including yourself) or for recurring payments to the same creditor or company. Your balance transfer may also be declined if it would exceed your credit limit or when your account is lost, stolen, delinquent, or over limit.
Make sure you review your account agreement(s) to understand what is considered an eligible balance transfer and all requirements before deciding to transfer a balance.
Recently disputed charges with other creditors should not be included in the balance transfer amount requested. By transferring an amount in dispute, certain dispute rights you may have may be forfeited.
Ways to Request a Balance Transfer
What Happens Next After You Request a Balance Transfer
Additional Balance Transfer Information
PNC can only cancel a balance transfer request if the funds have not been received by the other creditor. There may be a fee to place a stop payment on the balance transfer.
If you would like to cancel a balance transfer, call us at 1-800-558-8472.
We allocate payments at our discretion – this generally means we apply your payments to balances with lower APRs first, then higher APRs. However, any amount you pay in excess of the minimum payment due will be allocated to balances with higher APRs before balances with lower APRs.
If you transfer a balance and also make new purchases, you may be assessed interest on new purchases. This is because you must pay your entire balance, including any balance transfer amounts, each month by the due date to avoid interest on new purchases. There is no grace period on new purchases if you carry a balance from month to month.
No, balance transfers do not earn rewards.