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Old 07-02-2007, 12:25 AM   #1
Snake Doctor
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What happens when you transfer the same credit card balance twice?

So I've been getting multiple 0% balance transfer offers from credit card companies.

I decided to apply for one and transfer my discover balance.
While applying for the card, I entered my discover acct info and balance to be transferred.
Then I was told it would take more time to process the application, etc etc.

So two weeks go by and I hear nothing, so I apply for another card with another company.

The other card gets approved instantly, and I transfer my discover balance to them on 6/25. (around 4K)

So I check the mail yesterday evening and get cards from the first company, I go online to access the new account and apparently they also sent $4K to discover on 6/29.

So now for the moment it appears that I owe this balance twice. Discover is just showing a zero balance (but it's very possible the payment sent on 6/29 hasn't processed yet)

Has this ever happened to anyone here? How did it play out?
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Old 07-02-2007, 12:34 AM   #2
LiveDose
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Sounds like a mess in the making. Hopefully the second one gets returned. I know on some cards your are only allowed to pay a certain amount under the zero balance. For example if you needed to make a purchase over your line.

Good luck. Probably best bet talking to Discover card first.
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Old 07-02-2007, 12:36 AM   #3
BV
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I've never done it but I would think that once the first transfer went thru there would be nothing left to transfer a 2nd time. Hopefully.
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Old 07-02-2007, 12:36 AM   #4
Snake Doctor
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Bleh, I just talked to discover, they said they have to accept the payment, but then they can mail me a check afterwards.

The problem is both of the other companies charged me a 3% fee to transfer the balance, so I need to try and talk the 2nd one into dropping that fee if I pay the balance off right away.

Otherwise I paid 6% upfront to get rid of a balance I was only being charged 11% on

That's bad math
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Old 07-02-2007, 01:10 AM   #5
fluffygrrl
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this sounds like a case for captain hardball.

otherwise they;ll be more than happy to stick it in you. tell the late comers they suck and threaten them with everything you can find, and the kitchen sink. i give you 50-50.
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Old 07-02-2007, 05:12 AM   #6
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This thread made me laugh and nearly spit my OJ all over......
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Old 07-02-2007, 05:19 AM   #7
headless ghost
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you have more money than brains, but if you keep up with this behavior they should balance out and you will be broke in both departments.
good luck.
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