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Balance transfer card question

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HI all

If I have a credit card (0% spending) for say £7k and want to do a balance transfer what happens if the transfer amount is less than the original amount owing? Would the amount remaining on the 0% spending card continue as is or would the account be closed down meaning immediate payment?

Thanks

Comments

  • th081
    th081 Posts: 171 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    You have a card with 9k debt that is zero percent you transfer 7k to another card. The 7k is treated as a payment so the 2k left over remains on the original terms, what ever they were.

    Hope I read your question right 
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