Home Page link  

Transferring to new credit card account

  
Groups | Search | About
User Password
Register Now! Lost Password?

Quicken Personal Finance Discussions - Quicken - personal finance software discussions

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Transferring to new credit card account Ed 04-22-2008
Posted by Ed on April 22, 2008, 1:53 pm
Please log in for more thread options
 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



Posted by Ed on April 22, 2008, 1:56 pm
Please log in for more thread options
 Forgot to mention, I'm using Quicken 2008.

Ed


> 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
>



Posted by Han on April 22, 2008, 2:10 pm
Please log in for more thread options
$GO4.2731@newssvr19.news.prodigy.net:

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


--
Best regards
Han
email address is invalid

Posted by Ed on April 22, 2008, 3:36 pm
Please log in for more thread options

> $GO4.2731@newssvr19.news.prodigy.net:
>
>> Forgot to mention, I'm using Quicken 2008.
>>
>> Ed
>>
>>
>>> 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
>>>
>>
> 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.
>
>
> --
> Best regards
> 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



Posted by Margaret on April 22, 2008, 3:45 pm
Please log in for more thread options
Ed wrote:
> 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?

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

Similar ThreadsPosted
Add new credit card account to PIN vault? April 26, 2006, 6:50 pm
WebConnect credit card account changed December 11, 2007, 7:53 pm
Newbie Setting Up Accounts: How to Treat a Closed Credit Card Account? February 1, 2008, 11:33 pm
Transferring Stocks (Withholding US tax) to CAD account December 1, 2006, 7:47 am
Chase Credit Card December 7, 2006, 9:50 pm
Fraudulent Credit Card use January 18, 2008, 8:42 pm
Bank of America Credit Card November 16, 2006, 8:41 pm
Geico Credit Card / E-Loan January 25, 2007, 8:57 am
Download Credit Card Problem August 28, 2007, 7:54 am
How to Change Credit Card Nmbr October 27, 2007, 7:20 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap