I have a large payment due on another credit card. I was thinking about doing a BT to my cap 1 venture X card. There is no transfer fee but the interest on the cap 1 card is the purchase interest rate. I'm just waiting for some vendor payments to clear to pay off card so those should clear within a few days. My question is if I transfer my balance to my cap 1 card is the interest running from the moment I transfer the balance or will I only end up being charged interest if I don't PIF by the next statement due date?
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@red259 wrote:I have a large payment due on another credit card. I was thinking about doing a BT to my cap 1 venture X card. There is no transfer fee but the interest on the cap 1 card is the purchase interest rate. I'm just waiting for some vendor payments to clear to pay off card so those should clear within a few days. My question is if I transfer my balance to my cap 1 card is the interest running from the moment I transfer the balance or will I only end up being charged interest if I don't PIF by the next statement due date?
it'll be from the date you do the BT, no grace period on BTs
