topic Balance transfer question in Credit Cards

Balance transfer question

Anonymous — Tue, 13 Jul 2021 12:49:17 GMT

Morning all! Have a question so say a statement just cut on one of my cards and I transfer that whole balance to another card that would satisfy the minimum payment due right since the balance would now be zero?

Re: Balance transfer question

dragontears — Tue, 13 Jul 2021 13:16:45 GMT

@Anonymous wrote:
Morning all! Have a question so say a statement just cut on one of my cards and I transfer that whole balance to another card that would satisfy the minimum payment due right since the balance would now be zero?

Yes, assuming that the bank you are transferring to sends the money before your due date but if there is a delay (for example the bank sends a check by mail instead of an ACH) you will have to still pay the minimum payment.

Re: Balance transfer question

pizzadude — Tue, 13 Jul 2021 14:21:42 GMT

@dragontears wrote:
@Anonymous wrote:
Morning all! Have a question so say a statement just cut on one of my cards and I transfer that whole balance to another card that would satisfy the minimum payment due right since the balance would now be zero?
Yes, assuming that the bank you are transferring to sends the money before your due date but if there is a delay (for example the bank sends a check by mail instead of an ACH) you will have to still pay the minimum payment.

Yeap, the main thing is to ensure that the payoff payment is received on time.