Balance Transfers...

[AvaD]

Hello, ive just applied for a capital one credit card to do a balance transfer with. I got approved and it said i'll receive my card and a letter with my credit limit in a week. Prior to this, i entered my barclaycard details and how much money id like to do a balance transfer for. When will they do the transfer? Will it be done automatically?

[alavahalf]

From memory I think you will get your card and info regarding your credit limit. At this stage they will ask if you have a balance to transfer .. and what date the payment is due to Barclaycard. Capital One will usually deal with it and make the payment to Barclaycard on the due date. Your first statement from Capital One will have the new balance on it, along with the handling fee.