Quote:
Originally Posted by jackX1
Oh I see, that fee must be in the fine print somewhere.
Would I need to initiate the transfer from the old credit card or the new credit card? Which agreement should I find it in and would need to pay this fee?
Thanks again.
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The card that offers the balance transfer is the one that charges the fee. Balance transfer has to be initiated from the new card. In simple terms, balance transfer is you authorizing the new card to send a payment on your behalf to the old card. For the old card it doesn't matter where the payment comes from, either from you directly or from another card - they treat as a regular payment.