How Long do Credit Card Balance Transfers Take?
When you apply for a balance transfer credit card, most companies will state that you should allow 30 days for a balance transfer transaction to be completed. However, how long a balance transfer can take will vary dramatically from company to company. Because of this, there are key steps any person seeking a low rate balance transfer should take. Consumers looking to transfer balances as quickly as possible are tempted by credit card companies to do so when they are applying online. While this may decrease the amount of time it takes for a balance transfer to clear, opting to transfer a balance online poses significant problems. First, when you transfer balances online, you will not know the go-to interest rate you will be charged when the 0% introductory period expires, as most companies do not provide this essential rate until after they have reviewed your application. A second, perhaps more important issue, pertains to the length of the 0% period. Many companies offer multiple 0% r