DCU Balance Transfers

[Wavester64]

Pertaining to this post that is locked

With DCU Balance Transfers, I know there are no transfer fees, however how soon does DCU start charging interest?

I transferred $200 from another account the other day without issue, thinking that as long as I paid it off by statement closing/due date, I wouldn't incur any interest. Now I see mention on my credit card "Pay off amount $200.05".

So I guess they start charging interest immediately?

Adding @Mahraja since I saw him mention DCU transfers in the closed thread.

[blindambition]

I believe the only time it isn't immediate is when they offer promo BT in beginning of year.

[SouthJamaica]

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@Wavester64 wrote:

Pertaining to this post that is locked

With DCU Balance Transfers, I know there are no transfer fees, however how soon does DCU start charging interest?

I transferred $200 from another account the other day without issue, thinking that as long as I paid it off by statement closing/due date, I wouldn't incur any interest. Now I see mention on my credit card "Pay off amount $200.05".

So I guess they start charging interest immediately?

Adding @Mahraja since I saw him mention DCU transfers in the closed thread.

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Usually all non-promo balance transfers, from all institutions, start incurring interest immediately. 

[Wavester64]

Thanks @SouthJamaica & @blindambition , goes to show you I don't do balance transfers too often