Balance Transfer Question


#1

Hi all

just wondering if anyone knows, I took out a credit card fo the 0% balance transfer, however missed a payment because I was overseas. Does this mean the balance transfer now accrues interest or does it stay at 0% still once payments have caught up?

Cheers


#3

Hi there, just to clarify the previous post, missing a payment will not affect your credit rating nor will it be lodged against your credit report.

If you have missed a payment, you may be charged a $15.00 late payment fee. If the only balance owing on your card is in regard to a Balance Transfer (not purchases), no interest will be charged.