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Balance Transfer Question..

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acb5456
Regular Contributor

Balance Transfer Question..

Hi everyone! My question is this: I want to transfer a balance from a purchase that i just made on my CSP to my Merrill+ card to take advantage of the 0% interest on balance transfers completed by March 14th. I just purchased the planes tickets on my CSP, do i need to wait for that transaction to post or can i go ahead and initiate a balance transfer onto my Merrill+ card? Thank you!!

Chase Sapphire: $10,000 | Amex BCE: $15,000 | BofA Cash Rewards WMC: $15,000 | Discover IT: $15,000

FICO: TU-793 (Discover), EX-805 (Amex), EQ-790
Message 1 of 6
5 REPLIES 5
gdale6
Moderator Emeritus

Re: Balance Transfer Question..

Initiate it.

Message 2 of 6
iowapilot84
Established Member

Re: Balance Transfer Question..


@gdale6 wrote:

Initiate it.


+1. Agreed. By the time they send the payment the charge will have posted and be paid.

Amex Blue Cash Preferred - $25K / Amex Hilton - $5K / Amex Hilton Surpass - $30K / Amex SimplyCash - $10K / Amex Platinum - NPSL / B&N MasterCard - $5K / BofA Travel Rewards - $2K / BofA Alaska Airlines - $8K / Capital One QuickSilver - $38K / Chase Hyatt - $15,000 / Chase Amazon - $9K / Chase IHG Rewards - $11K / Chase Marriott Premier - $10k / Chase United Explorer - $19.5K / Citi DoubleCash - $5.5K / Citi ThankYou Preferred -$23.1K / Citi AAdvantage - $17.5K / Citi Premier - $9.3K / Citi Prestige - $20K / Discover IT - $9K / Discover IT Miles - $9K / Fidelity Amex - $3K / Kohls - $1K / Lowes - $10K / PenFed Platinum Cash Rewards - $24.5K / PNC Visa - $9K / Target Charge - $500 / US Bank Club Carlson Premier Rewards - $7.5K / CU Visa - $11K / Wyndham Rewards - $5.6K



Message 3 of 6
visorboy1974
Valued Contributor

Re: Balance Transfer Question..


@iowapilot84 wrote:

@gdale6 wrote:

Initiate it.


+1. Agreed. By the time they send the payment the charge will have posted and be paid.


+2.  Great advice.  

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818
Message 4 of 6
acb5456
Regular Contributor

Re: Balance Transfer Question..

Thank you for the responses! Do you think i will recieve the points from my CSP even though the balance is transferred?

Chase Sapphire: $10,000 | Amex BCE: $15,000 | BofA Cash Rewards WMC: $15,000 | Discover IT: $15,000

FICO: TU-793 (Discover), EX-805 (Amex), EQ-790
Message 5 of 6
gdale6
Moderator Emeritus

Re: Balance Transfer Question..


@acb5456 wrote:

Thank you for the responses! Do you think i will recieve the points from my CSP even though the balance is transferred?


Yes, transfering a balance off the card does not cancel out the rewards you may earn.

Message 6 of 6
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