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    • 14-day

      • There is a 14-day waiting period before a balance transfer request can be processed for a new account. After this waiting period, most transfers are processed within 4 days. If your credit card is with a different issuer, contact them directly to find out how long your transfer can take.
      www.creditkarma.com/credit-cards/i/how-long-does-balance-transfer-take
  1. Submit a balance transfer request through your new card issuer’s online portal or by contacting their customer service team. Continue making payments on your old card. You’re still responsible for any charges and interest until the balance transfer is approved.

  2. Transfer your credit card balance — get 0% interest for up to 10 months with a 1% transfer fee ⓘ and a first year annual fee rebate ⓘ.

  3. Option 1: straight $6000 balance transfer. Transfer fee: $60, payback at $600/month Option 2: take $4000 cash advance, pay off $4000 of LOC, transfer CC balance of $10 000 to CIBC for 0% interest over 10 months. Pay back at $1000/month. Total transfer cost is $103.50 (1% transfer fee + cash advance fee)

    • Why You May Want to Transfer Your Products Or Services
    • What to Consider Before You Transfer Your Products Or Services
    • Transfer Your Chequing and Savings Accounts

    There are many reasons why you may want to transfer your products or services to another financial institution. Examples include: 1. you want to save on fees or interest charges, or earn more interest 2. you found other products or services with another institution that better suits your needs 3. you're unsatisfied with the service at your current ...

    Before you transfer your products or services to a new financial institution, there are things to consider.

    You may transfer deposit accounts like your chequing and savings accounts from your current financial institution to another one. Some of the steps you can take include:

  4. Aug 13, 2021 · Let’s assume you take that $3,000 balance from your old credit card and move it onto a new card with a balance transfer promotion of 0% for 10 months, a fee of 1% of the transferred balance (i.e. $30), and a rebated annual fee for the first two years.

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  6. Jun 26, 2024 · There is a 14-day waiting period before a balance transfer request can be processed for a new account. After this waiting period, most transfers are processed within 4 days. If your credit card is with a different issuer, contact them directly to find out how long your transfer can take.

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