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Transferring to new credit card account

My Visa had to be cancelled due to unauthorized charges. Under advice from the credit card company, I created new Quicken account for the new number and set it up for automatic download. It immediately downloaded all the currently available transactions to the new account, many of which are also in the old account.

I'm looking for the best way to straighten this out.

I realize I could just delete all the duplicate transactions in the new account, then hide the old one. However, the most recent paper statement shows all the transaction under the new account. IOW, they seem to be treating it merely as a change in account number. Is there any easy way to do the same thing in Quicken? Manual, one by one, move of ALL transactions from the old account to the new one, then delete the old account? But then what happens to all the linked transactions, e.g., a payment in the checking account which is a credit to the then nonexistent credit card account?

I went through this a few years back too. It was a pain, but I don't remember the details.

TIA Ed

Reply to
Ed
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Forgot to mention, I'm using Quicken 2008.

Ed

Reply to
Ed

"Ed" wrote in news:wEpPj.6147 $ snipped-for-privacy@newssvr19.news.prodigy.net:

One of my credit cards got a new account number (and I received new cards). I have no idea why this happened, other than "upgrades" to the credit card.

I changed the account number for the credit card in Q2008. Before anything else, I happened to "R"econcile the account so that all transactions listed before the then present day were marked R.

Then I deleted the online services from the credit card, and then reinstated them (whatever the terminology). After that I could download transactions from Discover, but there were about 1100!! I then sorted the transactions by "cleared/Reconciled" status, and delted everything marked "c", since they were duplicates of already Reconciled transactions. That turned out to be very easy, and my balance was the same as the website listed. PHEWY!!!

YMMV, but this turned out to be easy for me, and preserved all transactions. Of course, the old credit card number I only have now in backups, but that is fine with me.

Reply to
Han

Thanks, Han. Wish I'd tried that. Maybe I can still do it if I remove online access for the new one then delete the account. Then I would also remove online access from the old one, change the number, then restore access. I'll get about one month's transaction.

Ed

Reply to
Ed

A few times over the years I've had a CC num chg and had always handled it using Han's method. Very simple. This past year, however, I had two CC cards compromised, so the CC co changed the number twice. This time, I created new accounts. I really regretted that at year end when I began running reports for tax prep, etc. I ended up printing reports from each account, manually marking the dup transactions, and then I moved the "real" transactions into my original CC account, finally changing the number and redownloading. I made sure to have backups on hand in case I screwed something up. Fortunately all worked out OK. Many months had gone by, and it was a monumental task to combine all three accounts, but it's a whole lot simpler to keep the original account. After all, it's the same account. Only the number's changed.

Regards,

Margaret

Reply to
Margaret

Thanks, Margaret & Hans,

Good news! It worked! Far better than I had expected. I took that new account I had created off-line and deleted it. It was bad advice from the CC company in the first place. Then I changed the number on the old one, took it back online, and bingo, all the transactions were downloaded WITHOUT duplicates. It reconciled perfectly with my paper statement.

Thanks again to both of you.

Ed

Reply to
Ed

"Ed" wrote in news:MrrPj.51$506.25 @newssvr27.news.prodigy.net:

Great that it worked for you too! I don't know why you didn't get duplicates downloaded, but glad it woked for you.

Reply to
Han

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