Does Balance Transfering Close Your Credit Card Account?
Author: tucker12
Posted: Wed Aug 23, 2006 9:09 am
Post subject: Question about BT
This is probably a pretty dumb question, but here goes.
If I do a balance transfer, it won't close my account will it? I ask because I want to transfer a balance from an old credit card, but b/c it's my oldest, I don't want to close it. How can you make sure that if you transfer your balance, it stays open?
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Author: hdporter
Posted: Wed Aug 23, 2006 10:21 am
Post subject:
No one, other than yourself, can request closure of your account. Many have transferred entire balances without a problem.
Author: JaneiR36
Posted: Wed Aug 23, 2006 10:51 am
Post subject: Does Balance Transfering Close Your Credit Card Account?
Buy a piece of gum occasionally if you're concerned about maintaining activity!
Author: Polonius
Posted: Wed Aug 23, 2006 11:15 am
Post subject: Does Balance Transfering Close Your Credit Card Account?
A balance transfer is just a payment as far as the receiving bank is concerned. Making a payment doesn't close your account.
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Wed Aug 23, 2006 3:14 pm
Post subject: Re: Question about BT
Quote:
"tucker12"
This is probably a pretty dumb question, but here goes.
If I do a balance transfer, it won't close my account will it? I ask because I want to transfer a balance from an old credit card, but b/c it's my oldest, I don't want to close it. How can you make sure that if you transfer your balance, it stays open?
Thanks!
BT's CAN'T close an account
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Wed Aug 23, 2006 9:09 am
Post subject: Question about BT
This is probably a pretty dumb question, but here goes.
If I do a balance transfer, it won't close my account will it? I ask because I want to transfer a balance from an old credit card, but b/c it's my oldest, I don't want to close it. How can you make sure that if you transfer your balance, it stays open?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: hdporter
Posted: Wed Aug 23, 2006 10:21 am
Post subject:
No one, other than yourself, can request closure of your account. Many have transferred entire balances without a problem.
Author: JaneiR36
Posted: Wed Aug 23, 2006 10:51 am
Post subject: Does Balance Transfering Close Your Credit Card Account?
Buy a piece of gum occasionally if you're concerned about maintaining activity!
Author: Polonius
Posted: Wed Aug 23, 2006 11:15 am
Post subject: Does Balance Transfering Close Your Credit Card Account?
A balance transfer is just a payment as far as the receiving bank is concerned. Making a payment doesn't close your account.
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Wed Aug 23, 2006 3:14 pm
Post subject: Re: Question about BT
Quote:
"tucker12"
This is probably a pretty dumb question, but here goes.
If I do a balance transfer, it won't close my account will it? I ask because I want to transfer a balance from an old credit card, but b/c it's my oldest, I don't want to close it. How can you make sure that if you transfer your balance, it stays open?
Thanks!
BT's CAN'T close an account
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:20 PM
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