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Cash advance loans are offered with several credit cards featuring the Capital One brand name. Consumers are entitled to use their credit card to obtain cash, up to a certain limit. A cash advance carries a transaction fee and a rate of interest that is usually higher than the rate for purchases.

This leads many people to transfer a cash advance balance to another credit card with a zero-interest balance transfer period.

Before submitting an application for a balance transfer, individuals should make sure they are dealing with different credit card companies. If the same bank owns both credit cards, the application will most likely be declined.

Every application, whether it is approved or rejected, is reported to the credit bureaus. If too many credit applications are made within a brief period, the credit rating may be negatively affected.

The best approach is to find a card offered by another credit card bank that features both a zero-interest period for balance transfers and a zero-interest period for new purchases.

The period for zero-interest balance transfers should be at least six months so the balance will not need to be transferred too often if it is not paid. In addition, the credit limit on the new card should be larger than the balance being transferred.