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1. • • If a balance transfer isn't reflected on your old card, verify the transfer with your new card issuer first. Then, reach out to your old card issuer to confirm receipt of payment. Always ensure you keep up with minimum payments to avoid penalties.
     www.moneygeek.com/credit-cards/balance-transfer/advice/what-happens/

     What Happens After a Credit Card Balance Transfer? - MoneyGeek

2. People also ask

   What if a balance transfer isn't reflected on my old card?

   • If a balance transfer isn't reflected on your old card, verify the transfer with your new card issuer first. Then, reach out to your old card issuer to confirm receipt of payment. Always ensure you keep up with minimum payments to avoid penalties.

   What Happens After a Credit Card Balance Transfer? - MoneyGeek

   www.moneygeek.com/credit-cards/balance-transfer/advice/what-happens/

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   How do I know if my balance transfer is complete?

   • You’ll know your balance transfer is complete when your old card's balance decreases and the new card reflects the transferred amount. However, this process won't close your old card automatically. Your old credit card remains active after a balance transfer until you request to cancel it.

   What Happens After a Credit Card Balance Transfer? - MoneyGeek

   www.moneygeek.com/credit-cards/balance-transfer/advice/what-happens/

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   Should you use a balance transfer credit card?

   • A balance transfer credit card could help you save money on monthly credit card interest – but they're not always a silver bullet for debt. For instance, you may not get offered the 0% period you need, and you may find you’re unable to transfer debt to the credit card you wanted.

   8 things you need to know about balance transfer credit cards

   www.which.co.uk/news/article/8-things-you-need-to-know-about-balance-transfer-credit-cards-aRirT7Q1jdKn

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   What happens to my old credit card after a balance transfer?

   • Im looking into doing a balance transfer and was wondering what happens to the original card? My understanding is that your debt goes to another credit company company, from which you have a certain amount of time with a lowered interest rate to pay it back.

   What happens to my old credit card after a balance transfer?

   forums.moneysavingexpert.com/discussion/5880514/what-happens-to-my-old-credit-card-after-a-balance-transfer

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   Do Balance transfer credit cards have exclusions?

   • Most balance transfer credit cards have exclusions when shifting debt from a credit card from the same financial institution. However, this isn't always easy to find out, as different brands may be owned by the same company – such as First Direct and HSBC.

   8 things you need to know about balance transfer credit cards

   www.which.co.uk/news/article/8-things-you-need-to-know-about-balance-transfer-credit-cards-aRirT7Q1jdKn

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   Does a balance transfer affect your credit score?

   • Once your application is approved, your overall credit limit increases with the addition of the new card, which can decrease your credit utilization ratio, a positive for your credit score. However, if the balance transfer almost maxes out the new card, the utilization rate on that specific card spikes, potentially harming your credit score.

   What Happens After a Credit Card Balance Transfer? - MoneyGeek

   www.moneygeek.com/credit-cards/balance-transfer/advice/what-happens/

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3. forums.moneysavingexpert.com › discussion › 178620Balance Transfer hasn't come off the card yet

   forums.moneysavingexpert.com › discussion › 178620

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   Apr 5, 2006 · I put a balance transfer through onto my IF credit card, now the balance has been added to that card but is still showing up on the card I transferred it from. I thought once it was one card the balance would come off the other card on the same day?

4. www.uswitch.com › credit-cards › guidesWhat happens to your old credit card after a balance transfer?

   www.uswitch.com › credit-cards › guides

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   Jul 12, 2024 · If you transfer the total amount owed on one credit card to another card, your balance falls to £0. That doesn’t mean the account closes automatically, though. Here’s what you need to know.

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6. www.moneygeek.com › credit-cards › balance-transferWhat Happens After a Credit Card Balance Transfer? - MoneyGeek

   www.moneygeek.com › credit-cards › balance-transfer

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   Sep 10, 2024 · If a balance transfer isn't reflected on your old card, verify the transfer with your new card issuer first. Then, reach out to your old card issuer to confirm receipt of payment. Always ensure you keep up with minimum payments to avoid penalties.

7. www.which.co.uk › news › article8 things you need to know about balance transfer credit cards

   www.which.co.uk › news › article

   Feb 6, 2023 · A balance transfer credit card could help you save money on monthly credit card interest – but they're not always a silver bullet for debt. For instance, you may not get offered the 0% period you need, and you may find you’re unable to transfer debt to the credit card you wanted.

8. www.moneysupermarket.com › credit-cards › how-toHow to Transfer a Credit Card Balance - MoneySuperMarket

   www.moneysupermarket.com › credit-cards › how-to

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   Jul 25, 2024 · It can take several days, or even weeks, for a balance transfer to be processed. In the meantime, continue making payments on your old card and existing credit card debt until you get confirmation the transfer has gone through, so you don’t run the risk of being hit with late-payment fees.

9. www.uswitch.com › common-balance-transfer-mistakesTop Ten Balance Transfer Mistakes | Uswitch

   www.uswitch.com › common-balance-transfer-mistakes

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   Jul 12, 2024 · We reveal the 10 most common balance transfer mistakes and explain how to avoid unexpected balance transfer fees.

10. www.finder.com › uk › credit-cardsDoes a balance transfer credit card close my account? | finder UK

    www.finder.com › uk › credit-cards

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    Jul 14, 2023 · Opening a balance transfer credit card doesn’t automatically close your old accounts. If your old card came with a monthly or annual fee, you should close the account to avoid paying fees for something you don’t use.