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- What to do if the balance transfer is not showing on your 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.
www.moneygeek.com/credit-cards/balance-transfer/advice/what-happens/What Happens After a Credit Card Balance Transfer? - MoneyGeek
People also ask
What happens if you transfer a credit card balance?
Should you use a balance transfer credit card?
Will my old credit card automatically close when I complete a balance transfer?
What if a balance transfer isn't reflected on my old card?
How do I know if my balance transfer is complete?
Should I cancel my balance transfer card after paying it off?
Aug 11, 2018 · Assuming you've done a transfer balance, of the full balance, from the new card to the old card, then the balance on the old card will now be zero. The old card can be used again if you wanted. It is good to keep using the old card if you have good budgeting skills.
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.
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.
Sep 23, 2024 · After successfully transferring a balance to another credit card, your old card does not automatically close but remains open and active, with the transferred debt removed. However, any remaining charges, fees or interest on the old card that were not included in the transfer must be paid off promptly.
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.
- Writer
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.
Jul 25, 2024 · Sometimes your credit limit on a new balance transfer card won’t be enough to cater for all your outstanding balance from other cards. If this is the case, you may wish to prioritise clearing the remaining balance on the old card first – where the interest rates are highest.
