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Balance Transfer Advice
ThePhantom
Posts: 1 Newbie
in Credit cards
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!
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!
0
Comments
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To be on the safe side, I would do the minimum payment and balance transfer the rest.0
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