Help With A Balance Transfer Question

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bitventures
 
Posts: 2
Joined: Tue Sep 12, 2017 8:33 am

Help With A Balance Transfer Question

Postby bitventures » Tue Sep 12, 2017 8:45 am

I want to make a balance transfer to a card that already has a small balance on it.
Will I still get the deal on the money that is transferred over?

Below is what the offer says at the bottom:

Variable APRs will vary with the market based on the Prime Rate

Any use of this offer is a balance transfer. If you use this offer, interest will be charged on purchases made with your credit card in subsequent billing periods unless you pay the New Balance shown on your statement (including the amount of your balance transfer) in full by the payment due date each billing period, or those purchases have a 0% APR


rockyrock
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Centurion Member
 
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Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Re: Help With A Balance Transfer Question

Postby rockyrock » Wed Sep 13, 2017 8:56 am

You will. In most all cases, any payments you make will apply to the BT prior to the what is currently on your card. That means you will pay interest on that balance until your BT is paid in full.

I have seen scenarios where payment was split between the two balances but that was years ago.

Best advice is to call the number on the back of your card and ask specifically how it will play out.

Good luck!
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bitventures
 
Posts: 2
Joined: Tue Sep 12, 2017 8:33 am

Re: Help With A Balance Transfer Question

Postby bitventures » Wed Sep 13, 2017 9:25 am

Thank you very much for getting back to me ... I will call them to see :)



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