Balance transfer question

[Anonymous]

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? 

[dragontears]

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@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? 

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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.

[pizzadude]

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@dragontears wrote:

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@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? 

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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.

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