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.
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...