Balance Transfers

Danielle17_2

Hi there,

I was just wondering if anyone knows, how long you have to be with a credit card before you can leave and transfer the balance to another provider?

Thanks

ironlady2022

There is no limit, you need another card to do the balance transfer to first.

david39

If by "leave" you mean close the original credit card account, you don't actually close it.

You pay off the existing balance with the new card and leave a zero balance on the original card. The original card account will remain open and usable by you.

Don't forget, though, if the balance on the existing card is accruing interest, when you pay the outstanding balance shown on your last statement there will still be a residual small interest that will appear on your next statement - and you will need to pay this also. It's the interest charged from the period when your last statement was raised until they actually receive and process your money.