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Balance Transfers and Positive credit

Hi there, 
I have taken out a new balance transfer credit card and intend to transfer over a balance (circa 2k) from my current credit card. 
Due to the coronavirus I may have some refunds that will come through to my current credit card to the similar value of 2k. I may end up doing the balance transfer before the refunds come through which means I will be left with positive balance on my original credit card, which I will then look to withdraw to my current account. 
Just wanted to check if this is all reasonably allowed and I won't be getting myself into hot waters? 
Thanks in advance.

Comments

  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 1 April 2020 at 2:35PM
    You need to check the t&c's.  Most banks do not allow a credit balance.  You can ask them to refund any credit balance to your nominated bank account.


    Edit:  And welcome to the forum  :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
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