Balance transfer

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
2 posts
Urkson
 
Posts: 1
Joined: Fri May 05, 2017 2:24 pm

Balance transfer

Postby Urkson » Fri May 05, 2017 2:35 pm

A hypothetical. You have 2 cards with credit limits of 10k on both cards. The balance is 5k on both cards. You transfer 4.5k from card one to card two. So now you have 500 on card one and 9500 on card two. You now transfer 9k from card 2 to card one. So the question is is the whole 9500 on card two subject to the 0% interest offer?


Tubpbs
Centurion Member
Centurion Member
 
Posts: 1066
Joined: Mon Oct 19, 2015 2:08 pm

Re: Balance transfer

Postby Tubpbs » Fri May 05, 2017 4:51 pm

Urkson wrote:A hypothetical. You have 2 cards with credit limits of 10k on both cards. The balance is 5k on both cards. You transfer 4.5k from card one to card two. So now you have 500 on card one and 9500 on card two. You now transfer 9k from card 2 to card one. So the question is is the whole 9500 on card two subject to the 0% interest offer?


I would say your query is unclear but even still, unlikely to work in real life anyway.
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