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When you request a balance transfer, you should remember that you won’t be able to transfer more than available credit limit on your new balance transfer credit card. Thus, if available credit limit on your new credit card is $6,000, you won’t be able to transfer more than that amount.
Another thing to remember about balance transfers, is that you cannot transfer balances between credit cards of one bank. For example, if you have a Chase credit card and apply for a new Chase credit card, you won’t be able to transfer balances between those two credit cards.
Once you are approved for a balance transfer credit card, make sure you request a balance transfer as soon as you receive your card. You can request the transfer over the phone or online. To request a balance transfer, you will need to provide an account number and amount you wish to transfer. If you are transferring from several credit cards, prepare that information for each credit card.
Please note that balance transfer won’t cancel your old credit cards. You will still need to make all due payments before and after the balance transfer has posted to your new credit card. If you do not make payments, you may be slapped with late payment fees and accrue more debt.