I was approached yesterday by Citi to apply for one of their credit cards. they asked if i wanted to do a credit transfer from my existing card (capital one) and i said why not. when i told them my balance was only 200 they werent inpressed and i think my form went in the bin.
what if id said my balance was 1000 pounds and they had agreed to do the credit transfer. would they have paid that 1000 into my capital one account leaving me with a credit of 800 ? is that how it works or is that too simplistic.