Does a balance transfer cancel the old card?

GoldenOne · 15 June 2019 at 2:44PM

So I was looking at getting a balance transfer card and transferring the balance on my Amex to it.

I don't NEED it, I can pay my Amex off fine, but being able to delay this for about 12 months would be very beneficial. Paying it off before the 0% period won't be an issue.

What I'm concerned about though, if I do a balance transfer to clear my Amex, will that then cancel/close my Amex? Or will it stay open just with a 0 balance?

Thanks!

Willing2Learn · 15 June 2019 at 3:34PM

Hi and welcome to the forum GoldenOne

If you want to do a balance transfer from an AMEX to another card issuer, there is a chance the BT may fail. This is because Amex uses a 15-digit long number and not the usual 16-digit. Ring the issuer with whom you want to do the BT to first, so that you can confirm whether their system are able to process a BT from a 15-digit Amex card.

As for your question. The Amex card would remain open after a successful BT.

Nasqueron · 15 June 2019 at 3:37PM

The Amex card will just see a payment of your balance, they won't even know you did a BT unless they really looked into it, they won't close it, no.

[Deleted User] · 15 June 2019 at 4:28PM

No it won’t close the account.

What card is it - you cannot BT from a charge card.

Does a balance transfer cancel the old card?

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