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Balance Transfer?

July 25th, 2006 at 03:01 pm

I know they say it takes 7 to 10 days but has anyone actually requested a Balance Transfer to be mailed to them in the form of a check? I've been watching the status. It's gone from Pending to Open to Approved. Is Approved the last step? Should I start watching my mail for it now? Or will it be another week?

Posted in Credit Card Hell | 2 Comments »

2 Responses to “Balance Transfer?”

  1. Single Guy Says:
    July 26th, 2006 at 01:13 am 1153876407
    1153876407

    Is it directly from the credit card company? If so, I don't know, I could never get that done as a BT, but instead as a cash advance. Cash advances are bad, always bad. Instead I moved the money through a second CC company. The process from initial request to the check for me usually took 3 weeks total. Of course YMMV.

  2. LdyFaile Says:
    July 26th, 2006 at 05:42 am 1153892538
    1153892538

    Well in the manner that it's money from the credit card company that goes into my bank account, yes it's a cash advance. But in the manner that it's treated as a balance transfer with the interest rate being 3.99% until I pay it off (as opposed to 23% as a cash advance) it's a balance transfer.

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