Does a Balance Transfer Count as a Payment?

Balance transfer Q&A: “Does a balance transfer count as a payment?” A credit card balance transfer works just like a normal credit card payment, except it’s made by a third-party, namely, another credit card issuer, instead of by you. The third-party essentially agrees (with your consent) to pay off your existing debt with one or… Continue reading Does a Balance Transfer Count as a Payment?

Moving a Balance Transfer to Your Checking Account

These days, it’s entirely possible to send the money from a balance transfer straight to your checking account, thanks to the widespread availability of balance transfer checks. Instead of simply using a credit card balance transfer to pay off an existing balance on another credit card, you can write yourself a check using a balance… Continue reading Moving a Balance Transfer to Your Checking Account