subject: Balance Transfer Tips [print this page] People often make the mistake of ignoring their old credit card accounts following balance transfers to a new card. Minimum payments on the old card should be continued since a balance transfer takes about a month to post to the account. Any delay in payments can lead to a late fee and an additional penalty rate. On completion of the balance transfer, the new card company sends a notification, which, in turn, should be verified with the old card company. Once the balance transfer is complete, the card holder should keep the new card for at least a year; changing cards v
