balance transfer

Discussion in 'Credit Talk' started by tom65432, Jun 8, 2001.

  1. tom65432

    tom65432 Well-Known Member

    I have a payment due in two weeks on my FirstUSA account. I want to do a balance transfer from my Nextcard to pay it. Will the BT count as a payment by FirstUSA or will they just consider it an extra payment to reduce principal?

    I tried this a few months ago with Citi, before my bill was due, and they counted it as a balance reduction, not a payment. I think that was because they had not yet billed me for the next month.
     
  2. GEORGE

    GEORGE Well-Known Member

    YOU MUST HAVE THE BALANCE TRANSFER SENT AFTER THE STATEMENT CLOSES...BUT BEFORE THE DUE DATE...USUALLY A 20 DAY WINDOW...

    IF THEY CAN'T GUARANTEE TRANSFER DATE AND APPROXIMATE RECEIPT DATE...JUST PAY MINIMUM PAYMENT EVEN IF THEY SAID THEY WILL SEND IT...
     

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