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I opened a Chase Slate and transferred 4 accounts (2 have posted, 2 pending). My question is this:
The inquiry has obviously hit my CR but I have yet to see the TL on my CR. My Chase account states that there is $0 due and the due date is June 11. So does this mean that the TL won't hit my CR until a statement generates and reports the transfer balances in June? Meaning that these 4 balances are going to disappear on my utl for May then suddenly reappear in June? Confused :/ help!
Could be.
BT's can take some time to go through and at that point they could show up on the original accounts and then move and show on the new account
UTL has no memory in Fico eyes so when its all set and done you should recover should the above scenario take place
@Jamielei24 wrote:I opened a Chase Slate and transferred 4 accounts (2 have posted, 2 pending). My question is this:
The inquiry has obviously hit my CR but I have yet to see the TL on my CR. My Chase account states that there is $0 due and the due date is June 11. So does this mean that the TL won't hit my CR until a statement generates and reports the transfer balances in June? Meaning that these 4 balances are going to disappear on my utl for May then suddenly reappear in June? Confused :/ help!
All my Chase cards were initially given the 2 month frame w/ no payment due, but saw the new TL being posted after the first month. Most likely you'll see the new TL w/ balance after first month statement cut, YMMV. In the first month you'll also see a fluctuation of due dates/statement cut dates as it keeps changing on a daily basis but it's normal.
All 4 balances have posted. Chase has generated a new statement and due date is now 5/11.
Thanks!