What happens if you balance transfer from credit card to debit card?
Saturday, August 22nd, 2009
heuiim asked:
It sounds like a silly question, but what happens if you request balance transfer from a credit card to the debit card (linked to checking account) and credit card issuer approves it? Anyone know?
Just to clarify; I want to know if it does go through would my checking account be credited by the balance transfer amount or would it be simply rejected?
Maybe I wasn’t being clear; I meant balance transfer FROM credit card TO debit Card. It has nothing to do with paying debt. I am taling about your typical credit card balance transfer offers that supposed to only work between credit cards.
You know, when the credit card company offers you like 4% rate for balance transfer to pay off other high-interest rate credit cards?
get credit
It sounds like a silly question, but what happens if you request balance transfer from a credit card to the debit card (linked to checking account) and credit card issuer approves it? Anyone know?
Just to clarify; I want to know if it does go through would my checking account be credited by the balance transfer amount or would it be simply rejected?
Maybe I wasn’t being clear; I meant balance transfer FROM credit card TO debit Card. It has nothing to do with paying debt. I am taling about your typical credit card balance transfer offers that supposed to only work between credit cards.
You know, when the credit card company offers you like 4% rate for balance transfer to pay off other high-interest rate credit cards?
get credit
