Curious CC payment question

Toonsy

If I transfer a balance between two credit cards and it happens to go through at the time my monthly statement is due to be paid, would the balance transfer be classed as a a payment or do I still need to register a payment in itself?

I've done both anyway but was just curious really.

redhotpepper

Why are you the spamming with kitchen adverts?

Toonsy

redhotpepper wrote: »

Why are you the spamming with kitchen adverts?

Eh? :shocked:

izools

Toonsy wrote: »

If I transfer a balance between two credit cards and it happens to go through at the time my monthly statement is due to be paid, would the balance transfer be classed as a a payment or do I still need to register a payment in itself?

I've done both anyway but was just curious really.

Yes it would be classed as a repayment as long as it hit the account before the due date absolutely. If you've also made a payment then the account surely would now be in credit?

Toonsy

izools wrote: »

Yes it would be classed as a repayment as long as it hit the account before the due date absolutely. If you've also made a payment then the account surely would now be in credit?

No, should still be some residual balance on there because I didn't clear it fully. Because I didn't know how it would work I BT'd most of it aside from a bit, paid that part in cash just to make sure I paid so should still be a tiny bit of interest for next month.