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Interest free balance transfers & due dates

(6 Posts)
KatyMac Fri 21-Feb-14 18:59:45

I have a credit card with 3 balance transfers on

1) Fixed rate for life of balance (I want to keep this as it's like a cheap loan)
2) 0% until 1st April
3) 0% until 1st May

So I can pay 2 & 3 off right away - but I can't because anything I pay off comes off 1 as it is currently the highest rate

So I have the money in the bank ready to pay off 2 & 3 but what date should I pay? Can't pay too early as I'll 'lose' the money off the wrong balance, can't pay too ate as I'll pay interest


KatyMac Fri 21-Feb-14 20:34:43


Splatt34 Fri 21-Feb-14 23:25:28

I'd pay on 2nd of April and May respectively. I've been in this situation before and it worked fine with no or a couple of pence interest

KatyMac Sat 22-Feb-14 10:25:55

It's frustrating as I don't know how long the transfer will take - if I pay on 2nd & it take 3 days to arrive - that'll be quite a bit of interest (I'd have thought)

Splatt34 Sat 22-Feb-14 14:02:41

Are you paying from your banker transferringvthe balances to other cards. if you're paying it from your account, online, as far as i know all payments now go as faster payments, ie they arrive at the credit card the same day. That's been my experience at least

KatyMac Sat 22-Feb-14 18:04:40

So I should be OK - I do worry about this stuff

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