Citi Ready Credit - 70k Velocity points with $500 balance transfer

[Ansett Nostalgic]

No - the cost is the $199 fee plus the interest. But you will only pay interest on the full $5,000 for a couple of days because you're going to repay most of it instantly, and then interest on the residual amount ($50?) until the points come through. Then you repay the balance and close the account.

Are people still paying it down to $500 or leaving the full $5000 until points post?