How long for BT to post - Ring

[TrialByFire]

Do BT usually post in the same amount of time as a regular transaction? I'm trying to avoid having duplicate amounts post on my reports. For example:

Citi has a balance of 1k. I want to BT to Ring. Citi due date is the 9th, statement will cut ~12th. Ring is due on the 7th, statement cuts the 10th.

I've never BT anything before, so I'm wondering if I initiate the xfer today if there's a possibility of having the 1k showing on both accounts at statement cut?

I'd like for the 1k to reflect on the Ring although I'm pretty sure I missed the timing on that one.

I suppose I could make it simple and just wait until after the 10th

[Anonymous]

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@TrialByFire wrote:
Do BT usually post in the same amount of time as a regular transaction? I'm trying to avoid having duplicate amounts post on my reports. For example:

Citi has a balance of 1k. I want to BT to Ring. Citi due date is the 9th, statement will cut ~12th. Ring is due on the 7th, statement cuts the 10th.

I've never BT anything before, so I'm wondering if I initiate the xfer today if there's a possibility of having the 1k showing on both accounts at statement cut?

I'd like for the 1k to reflect on the Ring although I'm pretty sure I missed the timing on that one.

I suppose I could make it simple and just wait until after the 10th

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Yes, there is a good chance of both reporting the $1K balance.  BTs can take up two weeks for the receiving bank to credit the account.  That's why you should always plan on making at least the minimum payment due on the balance that is being transferred.

[Anonymous]

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@TrialByFire wrote:
Do BT usually post in the same amount of time as a regular transaction? I'm trying to avoid having duplicate amounts post on my reports. For example:

Citi has a balance of 1k. I want to BT to Ring. Citi due date is the 9th, statement will cut ~12th. Ring is due on the 7th, statement cuts the 10th.

I've never BT anything before, so I'm wondering if I initiate the xfer today if there's a possibility of having the 1k showing on both accounts at statement cut?

I'd like for the 1k to reflect on the Ring although I'm pretty sure I missed the timing on that one.

I suppose I could make it simple and just wait until after the 10th

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I have no idea about how fast it will report to your actual credit reports, but barclays is wicked fast with BTs compared to every other lender. I have seen checks and BTs post to ours in as little as 2-3 days.  Usually takes about a week. 

Your scores are good.  Can you work on some CLIs elsewhere so that this minor utilization is not as big of an impact?  an extra 1k should not be that big of a deal at all.

[TrialByFire]

Honestly I'm being a bit of a micromanager lol.

The ring CL is 10k, DC is 4.5k. As it sits the DC is a little over 20%. I figured transferring to ring would reflect 10% util and look a little better. Plus I wanna show some usage on the ring, and I'm curious about the workings of BT for future references. Either way the balance will be PIF once it hits the ring.

Unfortunately the only sp cli available will be Amex in feb. The rest are due sometime in May and June. I'm kind of in the maintain and experiment stage

[Anonymous]

Unfortunately having the BT amount post to both accts is a real possibility.  Yes BT can take a week or more, also i believe the first usually take longer.  I have the Ring as well and use it anytime I have to carry a bal even if just a month. It definitely takes a little pre-planning to insure the amount don't post twice.  Either way it eventually works its way out and you will get your score back up.

[Anonymous]

Strange. We have had the exact opposite happen. Where a debt shuffle was taking place on a discover card, and it looked like the discover was paid off and no balance on the ring.  Huge score increase from that btw. And it didnt go down either once it went to the ring then back to the discover. Around 5k, ring is 10k, disco is 18.

[TrialByFire]

Ok thank yall! I'm gonna wait until the statement cuts on the ring before initiating. With my luck they'd both report

[takeshi74]

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@TrialByFire wrote:
I've never BT anything before, so I'm wondering if I initiate the xfer today if there's a possibility of having the 1k showing on both accounts at statement cut?

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It's always a posibility.  BT's take time -- up to several weeks -- and the specific time it takes can vary.  Don't assume that a BT will go through within a given timeframe and continue to make payments until it posts.

[TrialByFire]

Definitely agree. The ring has a 0 balance and i paid a little over 1k on the DC this current cycle

[TrialByFire]

Well Barclays was indeed fast. The ring statement cut at $0, BT posted within 2 days, and it worked out as such to where my DC statement also cut last night with $0. Flawless victory thanks everyone