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Balance transfer Q
LeShark
Posts: 66 Forumite
in Credit cards
Hi just a quick question...
If I transfer a balance from Card A to card B, am I correct in thinking that I won't have to make a payment to card A this month (assuming the BT covered the min payment)?
Does that make sense?
If I transfer a balance from Card A to card B, am I correct in thinking that I won't have to make a payment to card A this month (assuming the BT covered the min payment)?
Does that make sense?
0
Comments
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Yes, as long as the transfer hits Card A on time. Balance transfer usually show as payments on Card A but can take up to 10 working days.
Just make sure the payment shows or you will get hit by a fine!
DJ0 -
All credit card companies will warn you that you should continue making payments to CARD A til you have confirmation the BT has been processed to CARD B. It's sensible advice from them as you could get stung !!0
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Just be careful to check if they say working days or not, weekends and bank holidays can change a whole lot of things!0
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