Can I use my unused available retail credit as a balance transfer over to my credit card issued by the same company?


Retail credit can be transferred to another credit card, but there are some restrictions and conditions that should be met.

The card issuer may require that you have a good credit history, be current on your payments, and have a low utilization percentage. If these conditions are met, the credit may be transferred without any problems.

Transferring process takes some key points that should be in your mind while you are transferring unusual credit to another credit card.

Firstly, from beginning to end, a balance transfer can take a few weeks. Secondly, you can request a balance transfer online or over the phone. Finally, once the balance transfer is complete, you’ll pay down the balance on the new card.


Follow the procedure provided below to transfer retail credit to another credit card:

1. Open your bank’s website.

If you want to transfer your retail credit card to another credit card, the best way to do it is usually through your bank’s website. Many banks will let you transfer your account information and complete transactions online.

This can be convenient because you don’t have to leave your home or office and there are no fees associated with this process.

2. Log in to your credit card account.

When you open Bank’s Official Website you can see one option to log in with your User ID and Password.

3. Select the transfer option.

After logging in to your Account, on your main screen of the bank website you can see the transfer option. Select Transfer Option to transfer your retail credit to another credit card.

4. Enter The Amount You Want To Transfer.

Whatever Unused Retail Credit is in your account, mention it in the transfer option.

5. Enter The Required Details Mentioned In The Form.

Here, you can see one form, which you should feel with the required details.

6. Follow The Prompts To Complete Transactions.

In the end, you should follow some transaction completion process. Once you finished it your credit will be transferred to another credit card.

This Process typically takes 5-7 Working Days. But sometimes if a credit card has some issues, it can take 14-21 Days to complete the balance transfer.

Do balance transfer over to my credit card?

Balance transfers won’t hurt your credit score directly, but applying for a new card could affect your credit in both good and bad ways. As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move in the long term.

Credit card companies offer a variety of transfer programs designed to help consumers move their debts from one card to another. However, many experts warn that transferring your debt to another credit card can hurt your credit score.

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This is because the new card will be seen as a new account, which will negatively affect your credit rating. If you are considering a transfer, make sure to consult with a credit counselor first to ensure that the move will not have a negative impact on your credit score. Read more articles on activateenter.

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