Balance transfer to a credit card with no balance.

Balance transfer to a credit card with no balance.Balance transfer to a credit card with no balance.
dwEts asked 3 years ago

Hi,

 

Background:

I applied for chase CSP and put 4k transactions on the card (prepay insurance, electricity bills etc). First payment will be due on the first week of April and I am currently applying for alliant credit union 0 fee 0% balance transfer. 

 

Question:

The plan – to avoid paying interest in case the balance transfer comes after the first payment due date – I can pay CSP in full while waiting for the balance transfer to deposit. After the balance transfer is done I would then have a 4k (negative) balance on the CSP which chase would have to write me a check for. Would this work?

 

Thank you.

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