When you apply for credit card that offers a low or 0% introductory APR on balance transfers, you’ll be asked about balances you want to transfer during the application process. Be prepared to provide the issuer’s name, the account number and the transfer amount in addition to your personal information and know that there will be a limit as to how much you can transfer.
If your application is approved and your credit limit is high enough to cover the amount you want to transfer, the issuer of the new credit card will transfer the requested amount. The balance transfer fee, if any, will be applied to your new account once the process is complete and will appear on your first monthly statement.
You can also wait until you are approved for the new credit card before you request the transfer. Some individuals prefer to know what the credit limit will be on the new credit card so that they avoid maxing out or heavily using the limit on it. High utilization on one credit card can hurt your credit score. If you handle the transfer this way, be sure to pay attention to any restrictions. Many 0% introductory APR balance transfer offers are only good on balances transferred within a certain number of days or months after account opening.