How fast are balance transfers? Who's quickest?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Webba
 
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Location: FL

How fast are balance transfers? Who's quickest?

Postby Webba » Wed May 08, 2013 6:11 pm

Does anyone know which credit card companies transfer balances the quickest? I know Discover can take up to 3 weeks or longer :(


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Vandalized2
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Joined: Sat Apr 13, 2013 12:55 am
Location: IDAHO

Postby Vandalized2 » Sun May 12, 2013 11:43 pm

US Bank 10-14 days
VISA:
Wells Fargo Platinum 2/11 2.2k
US Bank Cash+ 2/13 10.5k
MasterCard:
Sears Credit Card 11/11 5.4k
American Express:
Green 4/13 NPSL
Blue Cash Everyday 4/13 10k
Total Credit Available: $28.1k

Sevenfeet
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Location: United States

Postby Sevenfeet » Mon May 13, 2013 8:45 am

Penfed had mine done within 3 days for Amex and about a week for my credit union (which is another small federal credit union).
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)


jrv
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Location: NJ

Postby jrv » Mon May 13, 2013 9:42 am

Citibank did a few of my balance transfers within a day after submitting the request before noon. I was shocked that it was done so quickly.

Gamma
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Location: Los Angeles, CA

Postby Gamma » Mon May 13, 2013 10:09 pm

jrv wrote:Citibank did a few of my balance transfers within a day after submitting the request before noon. I was shocked that it was done so quickly.

Did you have them do a balance transfer by transferring funds to your bank account or did they pay off another creditor? When I had a balance transfer done with Citi by having them deposited the funds in my bank account, they had the funds appear in my bank account the next business day. I was really surprised and amazed how quick that was.

jrv
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Location: NJ

Postby jrv » Wed May 15, 2013 7:47 am

I had them pay the creditor directly.

nvtech
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Location: USA/North Carolina

Postby nvtech » Wed May 15, 2013 12:29 pm

Citi bank was awesome...I would have money in 2 days in my bank account.

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Scoobynoodles
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Postby Scoobynoodles » Fri Jun 07, 2013 2:29 am

Discover never took more than 5-7 days for the full transaction to finish. Usually within a day or two I see "processing" showing the Discover network absorbing the transfer and then about 2-3 days a credit showing up on my card's balance. Must've been a one-time deal on your end.
AmEx Platinum 2009 & Blue Cash 2012 $3.5K
BofA BankAmericard 2012 $5K | Chase Sapphire Preferred 2012 $10K & Amazon 2007 $1.5K Slate 2013 $2.2K
Community America Credit Union Platinum 2013 $10K
Discover Cashback 2007 $7.5K & It 2013 $5.5K | Citi Simplicity 2011 $4.4K & Diamond Preferred 2011 $2.4K



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