Balance transfer over payment

mikeday1991

Hello all!

Positive start to the (nearly) New Year.
I've been accepted for a 0% Barclay Card to transfer my two other balances to.

I tried previously and was unsuccessful. Because of this, during the application process I rounded up my credit card balances to speed up application.
IE:
Actual balance: £2345
Declared balance: £2500

Due to this, I now have 2 credit cards in a few hundred pounds credit as the balance transfer was automated. What options do I have with this credit? Can I pay my new 0% credit card using the old credit cards to balance to £0? Transfer it to a current account then pay?

I'd like to close one of the credit cards, what would happen if I called and asked to close the account with credit?

Thanks in advanced.

grumbler

mikeday1991 wrote: »

What options do I have with this credit?

Spend it.

Can I pay my new 0% credit card using the old credit cards to balance to £0?

No, you can't pay one CC with another CC. That's what BTs are for.

Transfer it to a current account then pay?

You can ask, but they can refuse and insist on returning the money back to the CC where it came from.

I'd like to close one of the credit cards, what would happen if I called and asked to close the account with credit?

Most likely they'll offer to send the credit balance by a cheque or to a current account by a bank transfer.