@red259 wrote:
@NRB525 wrote:
@JSS3 wrote:
Yes, you can transfer partial amounts.^ This
Red, are you thinking you have to BT an entire amount? No, no, NO!. You only BT what will fit properly on the destination card, based on your requirements, or even less if you are just playing games with moving funds around, like I sometimes do. You decide the amount to BT, not the balance you are BT from.
Yea, I wasn't sure if this was the case or not since I have never done a BT. The reason your solution would not be ideal in my situation is that I would have to pay interest on the amount that is due tomorrow as well as the amount that would be due next month. So the loss of the grace period would result in a lot of interest I wanted to avoid.If my full balance was 1.1k then I may have gone that route.
Probably not a lot of interest. Even at 20% APR, one month is 2% of that. On $2,000, that is $40 per month, but that is why we have credit in the first place, to be able to get by until the expected funds get back on track.
You are actually forced to do a partial balance every time you do a BT, because you don't know exactly what the full balance is, so you bring down the request by $100 or $200 less than what you think the total might be, then clean up whatever remains after the BT clears what it gets.
