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What date to clear balance transferred in full?
shez1981
Posts: 8 Forumite
in Credit cards
The balances I transferred onto my Llloyds Platinum Card stop at the 0% rate on 21st and 27 October 2011. I will be clearing them in full to avoid paying any interest whatsoever but could do with as much time as possible to do so.
Am I right in thinking that I dont have to clear them by 21st October 2011, but rather prior to the next payment or statement date. My payment date is usually the 7th of the month and the statement start date is around 10th.
Also I have previously extended the 'pay off' date on a card by changing the payment date. If I now changed the payment date to 20th of the month for future bills could this work to my advantage?
Thanks in advance
Am I right in thinking that I dont have to clear them by 21st October 2011, but rather prior to the next payment or statement date. My payment date is usually the 7th of the month and the statement start date is around 10th.
Also I have previously extended the 'pay off' date on a card by changing the payment date. If I now changed the payment date to 20th of the month for future bills could this work to my advantage?
Thanks in advance
0
Comments
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You need to pay IMO one day prior to the end of the promotional rate.
Statement date and payments date don't come into it in this case just make sure its cleared in time to avoid paying interest.0
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