We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Does a Balance Transfer count as payment?
chelseablue
Posts: 3,303 Forumite
in Credit cards
Forgive me if this is a stupid question!
Currently with Barclaycard and my statement generated yesterday with a minimum payment of £55 to reach them by 31 October
Yesterday I applied for the Lloyds 40 months 0% card and was approved
I will be transferring the balance on Barclaycard to Lloyds this week, obviously the Barclaycard will then be showing 0 balance, so does this count as I have paid or do I still need to make a payment?
Currently with Barclaycard and my statement generated yesterday with a minimum payment of £55 to reach them by 31 October
Yesterday I applied for the Lloyds 40 months 0% card and was approved
I will be transferring the balance on Barclaycard to Lloyds this week, obviously the Barclaycard will then be showing 0 balance, so does this count as I have paid or do I still need to make a payment?
0
Comments
-
Yes, it will count as a payment.0
-
Yes it will count as a payment, but you can't guarantee it getting there on time. So check your online banking and make a manual minimum payment if you need to.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.7K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.6K Work, Benefits & Business
- 619.4K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards