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No, credit card companies submit to the credit agencies on a monthly basis at the end of each month. So if you are checking your credit card the 3rd week of the month you will see last months credit card statement balance not what you currently owe on your credit card.

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16y ago

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What does it mean to transfer credit card balance?

To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.


What is done with the finance charge done by a credit card company?

added to the balance


What is done with the finance charge assessed by a credit card company?

added to the balance


What is a balance transfer on a credit card?

A balance transfer is when you payoff what you own on one credit card, with another credit card or loan.A "balance" is what you owe.Usually balance transfers are done when another credit card company offers you a lower interest rate.Before you do a balance transfer, make sure there are NO FEES associated with it.Answer:Most of the companies offer balance transfer from old card to new that they offer to attract the customer to their product. they even provide the grace period to pay back the balance to the lender.


What is a balance transfer with regards to credit cards?

A balance transfer is when an amount owing on one credit card is transferred to another credit card. This is usually done to take advantage of lower interest charges. A credit card company usually specifies a minimum/maximum amount you can transfer.


Can you apply for another credit card if you already have one?

yes you can i have done it recently to do a balance transfer and i still use both credit cards yes you can i have done it recently to do a balance transfer and i still use both credit cards


Who is able to do balance transfer?

A balance transfer is done by the credit card company. If you want to transfer all of your balances to one card, you must apply for it, and once approved the credit card company will contact the companies of the cards you want transferred.


Can you make payments on a credit card by using another credit card with a lower interst rate?

Yes - it's called 'balance transfer' and is commonly done if you transfer the entire balance in one fell swoop.


What are the legal requirements for a credit card company to send you a check for a credit balance as a result of overpaying your credit card bill?

If an account is overpaid, the creditor may wait 30-60-90 to issue a refund. This is done so that a refund is not issued to a closed account that may have charges pending.


How far it is safe to provide your credit card number to sites who charge us for membership?

The credit card system is relatively vulnerable on the internet. However, purchases done with a credit card are often insured by the credit card company, check the policy of your credit card for details about this.


What does no balance transfer fees mean exactly?

An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.


Where can one find a credit card that has a 0 balance transfer?

Capital One is well known for offering 0% balance transfers on new credit cards. Discover has also done this on many occasions. Chase's Slate card also offers this promotion.