It sounds like a silly question, but what happens if you request balance transfer from a credit card to the debit card (linked to checking account) and credit card issuer approves it? Anyone know?|||hello, here are some time tested links that often get me a best answer! if you have time to read you should find what you need:
http://credit-cards.ebookorama.com
and http://finance.ebookorama.com
hope they do the trick for you!|||If you transfer your balance from a credit card to a debit card then the balance of your credit card will be $0 and what ever the balance was will be deducted from your checking account, so really you're not transfering your balance you are actually paying off the balance.|||i am not sure. I think you will charged a normal rate of interest, which would have been applicable on your credit card on withdrawal of cash.|||your credit card balance would be zero and it would be taken out from your checking account. If you don't have the funds then you have to pay a fee to the bank. Then if you don't end up paying the bank back they can and will take you to court over it. It is good to get rid of your credit card but not if it is going to mess up your checking account.
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