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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
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What happens if you transfer a credit card balance?
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Will my old credit card automatically close when I complete a balance transfer?
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? I emailed IF earlier but no response yet.
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.
Jan 11, 2021 · When your balance transfer is complete, your old card isn't automatically closed, and you're not required to cancel it either. Depending on the new card's credit limit, you may not be able to transfer the entire balance.
- Emily Starbuck Gerson
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.
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.
