Transfering too much?

jetsetwilly_2

I recently made a successful application for RBS (9 months interest free BT). I put down the amounts owed on 3 of my cards.

Due to their poor office skills, my application will be taking a lot longer to go through. In the meantime, i have had to meet the minimum repayments on the other 3 cards.

Therefore, the amount I wanted to transfer is more than I actaully owe.

E.g Capital one I owed £400, requested to BT £400, I paid off £50 so now only owe £350

What will happen?

Greentea

You will end up with £50 in credit on your Capital One card.

You can just spend on this card until the £50 runs out and wont get charged any interest.

smartsaver

Hi

I would call RBS and ask them to wait until you activate the card before they do any balance transfers. That way you will know the exact amount.Worse case senario - you will end up with a credit on capital one. You could call them and ask them to refund it as a cheque.

Hope this helps

jetsetwilly_2

I did ring RBS, very unhelpful. Since I don't OWN their card YET, they can't discuss any hypothetical BT.

I suppose having credit on the card is not that much of a problem. Will just have to spend it

Makes my card juggling/stoozing etc a bit more confusing lol. Still, my Saver is due to pay my interest in Aug (approx £700)

jetsetwilly_2

Oh, thanks for the info btw