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Balance Transfer Question?????
ukiceman
Posts: 2 Newbie
in Credit cards
If i was to do a balance transfer from old card to new card with 0% offer and wasn't able to transfer the full amount due to credit limit on new card, would that count as monthly payment on old card, or would I still need a payment on the old card aswell.
Thanks
Thanks
0
Comments
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If it landed between your statement date and the payment due date, yes....would that count as monthly payment on old card...
However, depending on the provider, if you have a DD set up then they may also claim this as well in the following circumstances....
1. If the provider has a policy that the DD will be claimed based on the statement balance (eg MBNA) and ignores any payments made in the interim.
2. If your BT hits the account within 5 days or so of the DD collection date.0 -
Thank you for your help0
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