Transferring half of balance to a 0% card do i still have to pay the statement ?

Thai33

I going to transfer half of a balance from my exsisting CC to a 0% CC.

The statment for the exsisting CC is due tpo be paid tomorrow, if i did transfer today would i still have to pay anything off the original one this month ?

Tixy

It often takes 5 days or so for a transfer to go through, sometimes up to 2 weeks. Yes you need to make at least the minimum payment and hope that its in time for it to be allocated to your account by tomorrow.

Thai33

Thanks Tixy. I went an payed it today. Am i right in thinking that if ive transferred half of the balance and payed the minimum payment i wont be charged as much interest on my next statement ?

Sorry if it seems a silly question im quite new to all this:)

glasgowsaver2011

Thai33 wrote: »

Thanks Tixy. I went an payed it today. Am i right in thinking that if ive transferred half of the balance and payed the minimum payment i wont be charged as much interest on my next statement ?

Sorry if it seems a silly question im quite new to all this:)

You will be charged almost as much interest as the transfer wont come out the statement till after this one is printed

You wont need to make a minimum payment next month though as your transfer will cover that

PROBABLY