Barclay BT

[Anonymous]

When I applied for JetBlue on 4/9, I set up a BT for $700 from a Cap1 account. That BT is still in process. I'm a new customer w/ Barclay with this card and read that it can take up to 30 days to finish processing. Does anyone have experience w/ this? Does it take the full 30 days? The acct that I am transferring from cuts a new statement on the 20th, and that's when I'm due for a CLI, so i was hoping it would be done. Do I have a chance? TIA

[Aahz]

Typically balance transfers initiated along with a fresh app won't even start processing until 2 weeks after the card has been approved.

So I'd say you have no chance of getting the payment to CapOne by the 20th (11 days after app).

[Anonymous]

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@Anonymous wrote:

When I applied for JetBlue on 4/9, I set up a BT for $700 from a Cap1 account. That BT is still in process. I'm a new customer w/ Barclay with this card and read that it can take up to 30 days to finish processing. Does anyone have experience w/ this? Does it take the full 30 days? The acct that I am transferring from cuts a new statement on the 20th, and that's when I'm due for a CLI, so i was hoping it would be done. Do I have a chance? TIA

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Make at least your minimum payment.

[Anonymous]

BT takes longer for new accounts, because credit card companies need(mandatory) to send the account terms and conditions to you ( and you know, they will send by snail mail!). Hence stated by other member, your BT won't start until after atleast 2 weeks from the day your account was opened. So chances of BT completing before  20th, is bleak. 

[Anonymous]

Thanks y'all! I've already made a payment this month, so I'm not worried about that. I just wanted my balance to be significantly lower when I applied for my cli with cap 1. It's really no biggie, as I can wait for the cli! I haven't even gotten the card yet, but I'm still pretty giddy that Barclay let me in! 🤓