If you've decided
to transfer credit card balances but don't know how to go about it, print out
and save this page to ensure a smooth transition from one credit card to another.
First,
gather some information on your old card. Dig out your most recent bill and a
copy of the current agreement with the old credit card, plus the agreement with
the new card company.
Old
card
Toll-free number for customer service
Account #
Balance
$
APR
%
Grace period
days
Due date
- advertisement -
New card
Toll-free number for
customer service
Account #
Balance
$
Introductory APR
%
Date intro rate expires
Date balance
transfer APR expires
Fees for
balance transfer
$
Annual fee
$
Grace period
days
Due date
Print
out the form now.
(Your information will not be saved by us) Now that you have the necessary information,
you're ready to make the transfer.
Follow these steps in order, checking them off one at a time.
Credit
card account close-out procedure
Send minimum payment to old company by due date.
Sign up for new card.
Complete balance transfer form.
While balance is pending, continue
to make minimum payments by due date to old card.
Receive notice of balance transfer
to new company.
Call old company to verify balance
transfer.
Receive billing statement with zero
balance from old card company.
Close old account by calling or writing
the issuer. Ask the issuer to note in any statement to a credit
bureau that the account was closed at the customer's request.
