In most instances, you will not be allowed to transfer your balance between cards offered by the same credit card issuer. You will need to find another bank or issuer that will take on your debts. The reason for this is simple – banks benefit from charging interest and fees. If you’re already paying a high annual fee and high interest on your outstanding balance, the bank will lose money if they offer you to transfer your balance to another of their accounts. Even if your bank is currently offering balance transfers with much more favorable terms, conditions, rates, and fees, you likely won’t be eligible for them. These offers are to attract new clients. RELATED: No annual fee offers