I transferred two credit cards to a new credit card. How long does it take to officially go through?
Jul 25, 2009 in
Credit
two_kee_kees
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.
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.
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3 comments
crazydave on July 28, 2009 at 7:13 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.
gazelleintense.com on July 29, 2009 at 6:34 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.
Cara D on July 31, 2009 at 12:06 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.