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Chase BT

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jla84
Regular Contributor

Chase BT

I entered my balance transfer information on the app for Chase Slate and was instantly approved about a week ago. Just got my card and activated it yesterday. Do I have to wait another week for the BT to go through? It's just been sitting as pending this whole time and obviously my Citi card I'm BTing from has not been paid yet either. Do anyone know how long it will take?


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


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6 REPLIES 6
Walt_K
Senior Contributor

Re: Chase BT

Just make sure you pay Citi until it goes through.  Worst case scenario is that they send Citi too much money and Citi cuts you a check for the difference (I'm assuming you were transferring the whole balance).  You do not want to end up having to pay a late fee to Citi because you thought the BT was going to go through. 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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jla84
Regular Contributor

Re: Chase BT

Yes, obviously I'm going to keep paying Citi until everything is done,  but I just wanted to know how long the wait will be. 


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


Take the FICO Fitness Challenge
Message 3 of 7
jamesdwi
Valued Contributor

Re: Chase BT

Pay the minimum payment at least my chase BT's took longer than I expected, even after it was marked paid by chase, the creditor didn't reduce my balance for a few more days almost a week. 

 

 

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 4 of 7
thom02099
Valued Contributor

Re: Chase BT


@jla84 wrote:

I entered my balance transfer information on the app for Chase Slate and was instantly approved about a week ago. Just got my card and activated it yesterday. Do I have to wait another week for the BT to go through? It's just been sitting as pending this whole time and obviously my Citi card I'm BTing from has not been paid yet either. Do anyone know how long it will take?


BT can take upwards of 2 weeks to process.  When I did one, that's the message I got.  The actual timeframe was 9 days.

Message 5 of 7
Anonymous
Not applicable

Re: Chase BT

I've done transfers online with Chase, and it usually takes around a week. Now I just use the balance transfer checks they always send.  When I deposit in the bank, they release the hold after a couple days, and I use the money to pay the other card.

Message 6 of 7
jla84
Regular Contributor

Re: Chase BT

Just an update: It's been a week since I ACTIVATED the Chase card and the balance I transferred has just posted to that account. Now I'm just waiting for Citi to get Chase's payment and post to that card and I'll be all set. 


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


Take the FICO Fitness Challenge
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