http://www.bloggingawaydebt.com/2006/03/i-transferred-the-wrong-balance/ Our Journey to a Debt-Free Life Sat, 21 Nov 2009 08:35:00 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://www.bloggingawaydebt.com/2006/03/i-transferred-the-wrong-balance/comment-page-1/#comment-250652 bruce Thu, 06 Dec 2007 20:07:34 +0000 http://www.bloggingawaydebt.com/?p=70#comment-250652 Be careful, ask lots of questions, and do the math when looking into balance transfers. Discover is willing to let me transfer a balance from AMEX...but Discover's minimum payment is 4% of balance......AMEX is 2%. As much as I'd like the lower rate, I'm not in a position right now to pay 4%. I was able to call AMEX and explain (truthfully) about the transfer offer and rate from Discover, and they did lower my rate, albeit modestly. Obviously, they would not be willing to do anything if I had any black marks on my payment record (hint:I set up automatic online payments to many of my creditors....that way there's never a question of whether the check was written or received or late) Be careful, ask lots of questions, and do the math when looking into balance transfers. Discover is willing to let me transfer a balance from AMEX…but Discover’s minimum payment is 4% of balance……AMEX is 2%. As much as I’d like the lower rate, I’m not in a position right now to pay 4%.
I was able to call AMEX and explain (truthfully) about the transfer offer and rate from Discover, and they did lower my rate, albeit modestly. Obviously, they would not be willing to do anything if I had any black marks on my payment record (hint:I set up automatic online payments to many of my creditors….that way there’s never a question of whether the check was written or received or late)

]]> http://www.bloggingawaydebt.com/2006/03/i-transferred-the-wrong-balance/comment-page-1/#comment-478 Blogging Away Debt » Blog Archive » 2 Weeks to Get My Overpayment Fri, 21 Jul 2006 03:43:19 +0000 http://www.bloggingawaydebt.com/?p=70#comment-478 [...] Remember how I made a boo-boo and did a balance transer to the wrong credit card? Well, I tried to get a refund of that overpayment and it will take approximately 2 weeks to “verify” the payment and issue a refund. I’m not sure what they need to verify because it was an electronic funds transfer. But, my guess is that they just want to keep my money a little longer. [...] [...] Remember how I made a boo-boo and did a balance transer to the wrong credit card? Well, I tried to get a refund of that overpayment and it will take approximately 2 weeks to “verify” the payment and issue a refund. I’m not sure what they need to verify because it was an electronic funds transfer. But, my guess is that they just want to keep my money a little longer. [...]

]]> http://www.bloggingawaydebt.com/2006/03/i-transferred-the-wrong-balance/comment-page-1/#comment-477 Blogging Away Debt » Blog Archive » March Credit Card Debt $37,039.99 Fri, 21 Jul 2006 03:42:36 +0000 http://www.bloggingawaydebt.com/?p=70#comment-477 [...] As you can see, Credit Card #3 has a HUGE credit. I was supposed to transfer from Credit Card #1 to Credit Card #2 but I transferred the wrong balance. [...] [...] As you can see, Credit Card #3 has a HUGE credit. I was supposed to transfer from Credit Card #1 to Credit Card #2 but I transferred the wrong balance. [...]

]]> http://www.bloggingawaydebt.com/2006/03/i-transferred-the-wrong-balance/comment-page-1/#comment-473 Blogging Away Debt » Blog Archive » If I Had a Nickel … Fri, 21 Jul 2006 03:19:44 +0000 http://www.bloggingawaydebt.com/?p=70#comment-473 [...] Like the time I initiated a balance transfer to the wrong credit card. [...] [...] Like the time I initiated a balance transfer to the wrong credit card. [...]

]]> http://www.bloggingawaydebt.com/2006/03/i-transferred-the-wrong-balance/comment-page-1/#comment-472 Blogging Away Debt » Blog Archive » Now, the Question is…Who Should Get the $5,600? Fri, 21 Jul 2006 03:12:38 +0000 http://www.bloggingawaydebt.com/?p=70#comment-472 [...] I received my overpayment refund from Credit Card #3. Now, the question is … who should get it? [...] [...] I received my overpayment refund from Credit Card #3. Now, the question is … who should get it? [...]

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