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Balance Transfer question

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DaveSignal
Valued Contributor

Re: Balance Transfer question

ahh... well thank-you visorboy and others for reminding me.  Its been awhile since I've been charged interest, so it slipped my mind the APR is "ANNUAL".  but $18 is not bad at all.   Smiley Wink   I might as well just pay the minimum.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 11 of 14
DaveSignal
Valued Contributor

Re: Balance Transfer question

UPDATE:  The NFCU balance transfer was very fast.  BT payments were applied to both accounts requested before the due dates.  So I don't even have to pay $17 in interest!  Smiley Wink   This NFCU BT thing is a good deal, but they are only offering it for a few more weeks, so now is an opportune time to try it out if anyone is thinking about it.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 12 of 14
Anonymous
Not applicable

Re: Balance Transfer question

I'm so glad you asked this question, because I was wondering the same thing and getting ready to post my own thread. I paid off my Barclays Apple card and the amount has posted to my NFCU card plus I got a letter from them stating that they have sent off the check. Barclays has yet to post that payment and my statement cut today actually. So I'll be paying the minimum due so as to not create any issues.

 

NFCU did state in that letter that because it could take 7-10 business days that I may have to make the minimum payment. I was hoping to not have to but....I'd just pay the minimum if I were you but, that's me.

 

***Just read your post. Glad that worked out for you.

Message 13 of 14
DaveSignal
Valued Contributor

Re: Balance Transfer question


@Anonymous wrote:

I'm so glad you asked this question, because I was wondering the same thing and getting ready to post my own thread. I paid off my Barclays Apple card and the amount has posted to my NFCU card plus I got a letter from them stating that they have sent off the check. Barclays has yet to post that payment and my statement cut today actually. So I'll be paying the minimum due so as to not create any issues.

 

NFCU did state in that letter that because it could take 7-10 business days that I may have to make the minimum payment. I was hoping to not have to but....I'd just pay the minimum if I were you but, that's me.

 

***Just read your post. Glad that worked out for you.


Oh, I did pay the minimum, just in case.  But the NFCU funds ended up paying off the account the very next day anyway.  I initiated the NFCU BT on a wednesday night to two accounts.  One was credited on Friday, and the other on Monday.  For me, it was faster than expected.... I wouldn't have had to pay the minimum, but I am not one to chance something like that, especially when I can afford to pay the bill even if I hadn't done the BT, so I definately made sure that the minimum was at least paid to avoid late fees or adverse action.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 14 of 14
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