Must Read. Before you apply for a balance transfer, make sure that you have selected a new line of credit from an issuer that accepts transfers from your current bank and account.
Should I close my credit card after a balance transfer?
It’s important to contact your current issuer to find out exactly what you’d need to pay back on your existing account – and by when – before it can be closed. This is important because the final payout figure might be different from the balance that appears in your account statement due to various charges, such as interest payments, annual fees or outstanding direct debits.