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September 9, 2010
I Transferred Two Credit Cards To A New Credit Card. How Long Does It Take To Officially Go Through?
21 Sep2009
I did this last week. My new credit card is showing the balances of the others, but the old credit cards are not showing that they’ve been paid.
Written by Credit card consolidation
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3 Responses to I Transferred Two Credit Cards To A New Credit Card. How Long Does It Take To Officially Go Through?
Cara D
September 21st, 2009 at 9:21 pm
If it has posted to your new account, it should show up on your old accounts within a week or so…call them and ask if there are any transactions posting which may not be showing; you don’t want to end up paying interest on both the old and the new accounts. I have done transfers which have posted immediately to the new card, but took over a week on the old card, but when it did post, it was dated back to a day after I initiated the transfer.
crazydav
September 21st, 2009 at 9:21 pm
Usually one or two billing cycles before it shows up. You still need to make at least the minimum payment on the old cards until it goes through to avoid late charges.
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September 21st, 2009 at 9:21 pm
technically speaking, they were not paid off. the debt was not paid off. you just moved and renamed it.
that is why it’s called CONsolidation.
It’s a CON… a lie… moving debt and renaming it don’t solve your problems… paying off the debt does.