📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Balance Transfer Advice

Options
Afternoon all - long time lurker, first time poster.

Had a question I was hoping someone could help me with.

I applied for the Barclaycard Platinum card on Thurs for the 0% Balance Transfer deal, and after a brief convo with them today was advised i'd been accepted with a £5.5k limit.

I have two existing credit cards with balances circa £1k i'll be transferring over in the next few days, however both of these are now past the statement date (circa 2nd of the month) and are asking for a minimum payment for this month to be made by end of Nov.

Question is - if I transfer the full balance on the existing cards prior to the payment due date do I still need to make this minimum payment, as obv remaining balance on the old cards post transfer should be £0? Or should I make minimum payment on the cards first, and then transfer the remaining balances over?

Thanks in advance, first time doing a balance transfer!

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.