Balance transfers usually take 15 to 25 days from when you submit a balance transfer credit card application. In the meantime, it is very important that you continue making payments toward the balance being transferred, which you should send to your original creditor. If you don’t, your balance could be classified as past-due, damaging your credit standing and perhaps putting the transfer into doubt.
Once the credit card transfer is finalized, you will see a credit listed on your original account, as if a payment was made. And a corresponding balance will be listed on your balance transfer credit card account. Remember, unless you have a 0% transfer card, interest will start to accrue as soon as your balance gets transferred.
For more information, check out WalletHub’s guide on how balance transfers work.
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