Balance Transfer question?

It takes a while to show the credit on a balance transfer...sometimes up to 3 weeks. If your bank sent payment on December 7th, (Friday) that has only been 3 business days. Banks don't count weekends.

Transaction completed means the money was taken from your account on the 7th and sent to Chase. They shouldn't charge you for the transfer. Like I said Chase takes a while to credit accounts on balance transfers.

Take a look at your previous Chase statements and note when you wrote the check for payment to Chase in previous months; when you sent it and how long it took Chase to credit your account. This will give you an idea of how long it takes.

Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR's. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.

Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don't know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.

The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings.

When you decide for a balance transfer it doesn't mean that your obligation for payments towards your outstanding balances with the existing credit card company cease to exist. You will have to pay the credit card company all the monthly payments. One way you can save money is to just send the monthly minimum payments to the existing credit card company. This way you won't default and invite penalty.

The next step is to sign up with the credit card which you sought for transferring your balances, and fill up the balance transfer application. Read more from: http://www.credit-card-gallery.com/article/414,The...

I think whoever initiated the balance transfer is the one who messed up somewhere along the lines. I would let your bank do the research tomorrow.

the bank has sent their check to chase meaning the transaction was complete, it could take up to 2 weeks for chase to process it, i would give it another few days and call chase again.

I did the same thing and it can take 7 days before the payment takes effect before the account shows a zero balance.