![]() Failing to keep up with payments while you wait for a balance transfer to complete could lead to late fees and damaged credit. You’ll know for sure it’s safe to stop making payments when your original account shows a balance of $0. While you wait, it’s critical that you continue paying at least the minimum on your existing credit cards and send all payments to your original creditor. A representative may be able to tell you what’s holding things up and give you an idea of how much longer you can expect the transfer to take. If it’s been more than a few weeks since you submitted your balance transfer application and you haven’t seen funds posted to your account or gotten any other updates, don’t hesitate to call your issuer and check on your transfer status. What if my balance transfer is taking longer to show up than expected? The following chart should give you a general idea of how long a balance transfer will take to process with each issuer: Credit card issuerĥ to 7 days on average, but can take up to 6 weeks You should be prepared to wait at least a couple of weeks for the transfer to be approved and completed. Most credit card companies will give you a sense of what to expect before you apply, but there’s no way to know in advance exactly how long a balance transfer will take. How long does a balance transfer usually take? We’ve reviewed how balance transfers work with some of the major credit card issuers to give you an idea of how long you can expect to wait, as well as some tips on what you can do to ensure things go smoothly. How long yours takes will vary depending on your credit card issuer and a number of other factors, including whether you’re opening a new account with an issuer, how you apply for the transfer and how your existing creditors accept payment. ![]() ![]() Credit card balance transfers can take as few as three days or as long as six weeks to complete.
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