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

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?
 
Paid down to near enough $1 asap till the points come through, then payout remainder. Note that they don't accept bpays less than $1 so I'm waiting for a cheque for $0.98 in the mail.
 

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