A balance transfer can give you the flexibility to:
- Cover emergencies and other unplanned expenses
- Fund large expenses, such as home improvements
- Pay off another credit card or tax bill
- Pay an individual
There is no grace period on the amount of the balance transfer. If you transfer amounts owed to another creditor and maintain a balance on this credit card account, you will not qualify for future grace periods on new purchases as long as a balance remains on this Account. The balances you want to transfer must be current. If a statement is received from your creditor during this period, continue to pay the monthly payment due in order to avoid any late charges or delinquency on that account. In order to completely pay off a current balance, you must tell us the exact amount you owe. Please do not indicate “Pay In Full.” Do not include disputed amounts in your balance to be transferred. You may lose certain dispute rights. Total balance transfers may not exceed the credit limit assigned. The transferred balance will appear on your credit card statement described as a balance transfer. If you are enrolled in a Wells Fargo Rewards® Program, rewards points, cash rewards, or rebates, as applicable, will not be earned for balance transfers. You may not transfer an existing balance on any account issued by Wells Fargo or any of its affiliates (including any Wachovia account). Wells Fargo reserves the right to refuse any balance transfer request. Completing the balance transfer may not close the account. To close your account, you should contact the creditor. If you need any assistance transferring balances, please call 1-800-642-4720.
You can still make purchases on your Wells Fargo Credit Card after you transfer a balance.