I bought some stuff from Best Buy last year including my phone. I put it on my Best Buy Visa card and the deal was that I would pay 0% interest for a year but if I didn’t pay off the balance by this August 28th I would have to pay the entire preceding years worth of interest.
Well, I have a thousand dollars on the card so at the end of June I applied for another credit card and the plan was to do a balance transfer of the $1000 to the new card. I looked up the best balance transfer card on Credit Karma which was a Capital One card and I applied and I got approved. But I discovered I had to wait 11 days after getting approved to be eligible for a balance transfer offer.
After 11 days, I made the transfer and it shows it went through on July 1st. But I check my Best Buy account every day and the balance is still there. I’m getting worried that there’s a glitch and something went wrong with the transfer and it won’t go through before August 28th which will put me on the hook for a years worth of retroactive interest payments on my Best Buy Visa card.
I’ve called Capital One several times and the lady on the phone told me I should file a “missing payment claim”. I told her I will wait a few more days before doing that. It’s cutting it close, if I have to make a new balance transfer it needs to be done so it takes effect before the end of August. I don’t need this aggravation.