My previous credit card was bought out and taken over by a new credit card company. Should I just change the name and new link on the old account or start a new one. The change over happened in mid billing so the new one has recent activity on the old card. The old CC has activity back to 2001.
"wabbleknee" wrote in news:jjr2ts$br$ snipped-for-privacy@speranza.aioe.org:
The customary advice (I think) is to enter a zero dollar "transaction" with something like "was so and so credit card" in the payee field of the "old" account, and "was CC# tadatadadat" in the memo field and date it as of the transition date. Then disconnect the electronic services of the old CC, rename the account, change all the CC info in the account details and re-do the electronic download info for that new card.
"wabbleknee" wrote in news:jjr2ts$br$ snipped-for-privacy@speranza.aioe.org:
The customary advice (I think) is to enter a zero dollar "transaction" with something like "was so and so credit card" in the payee field of the "old" account, and "was CC# tadatadadat" in the memo field and date it as of the transition date. Then disconnect the electronic services of the old CC, rename the account, change all the CC info in the account details and re-do the electronic download info for that new card.
Just watch out for transactions that might appear strictly due to the movement of the account. In one of my old CC cards, every time they changed account numbers due to a security hack, the FI would have many individual transactions entered to 'populate' the new card with one-by-one transactions from the old card. I had to manually delete each of those since, of course, the original charge was still in the renamed Quicken account.
Good news is that you'll notice these immediately if you come across them!
Off topic, but pertinent to your post:
If you post your response below the previous posters signature, your post will also appear as a signature, sometimes making it difficult to read, but always making it difficult to follow.
Take care!
Uncal Bob
I did notice a lot of repeat entry's, was able to delete them individually before I accepted the new ones.
wabbleknee wrote:
Just watch out for transactions that might appear strictly due to the movement of the account. In one of my old CC cards, every time they changed account numbers due to a security hack, the FI would have many individual transactions entered to 'populate' the new card with one-by-one transactions from the old card. I had to manually delete each of those since, of course, the original charge was still in the renamed Quicken account.
Good news is that you'll notice these immediately if you come across them!
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