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I have a CitiBank Mastercard. I have been paying the balance back to $0 regularly by transferring money from the checking account to the credit card. I notice there is also an option to "Make a payment" instead, but since I transfer the money regularly, the payment is usually "$0".

Is there a difference between transferring money and making a payment? Will this affect my interest paid or my credit score?

  • How have you been "transferring money from the checking account to the credit card"? – RonJohn Jun 25 at 17:26
  • And is your checking account also at CiiBank? – RonJohn Jun 25 at 17:27
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    Lastly, I think you're overthinking this. "(T)ransferring money from the checking account to the credit card" is making a payment. There's just more than one way to get from Here to There. – RonJohn Jun 25 at 17:29
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When you click the "Make a Payment" icon, it takes you to your list of Payees. These are external accounts.

When you click pay the "Pay Citi Cards" icon, it takes you to "Make A Transfer" which takes you to "Select Accounts". This is where you want to be. Note that the first screen was PAY and the second screen was TRANSFER.

An alternative route is to click "Payments and Transfers" and then click "Your Citi Accounts" which takes you to "Select Accounts" which again is where you want to be.

The terms Payment and Transfer are synonymous here. No, there is no difference between transferring money and making a payment on the Cit web site.

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Is there a difference between transferring money and making a payment?

"Make a payment" probably involves an external bank account rather than your Citi checking account.

Will this affect my interest paid or my credit score?

No. Your credit report does not indicate how your balance was paid.

  • When I click "Make a payment" it gives me options to move money from the checking account, just the name is different from the other method "Transfer". I'm just worried that by using "Transfer" instead of "Payments" my credit score will reflect having not made payments. – Village Jun 25 at 16:34
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    You're still paying your balance down, which is the important point. It will still count as a "payment". – D Stanley Jun 25 at 16:39
  • @Village: You aren't responsible for CItiBank's poor user interface design. I doubt that credit reporting companies look at more than outstanding balances, and perhaps late payments. Still, if it bothers you, just use the "Payments" option :-) – jamesqf Jun 25 at 16:51
  • It's not a poor interface design. If you want to pay the credit card bill, one has several choices of how to pay it. You can pay it by using a linked external account (which is an incoming payment by transfer) or you can transfer money internally from another Citi account to pay the credit card bill. The 3rd method of payment is to have Citi mail a check to pay a bill but that isn't relevant for Citi to Citi. It's all very straight forward and one of the easiest bull pay systems that I have ever used. – Bob Baerker Jun 25 at 19:25
  • @Bob Baerker: Having a "transfer" option in two different places is confusing interface design, obviously, since it has confused the OP. Nor do I understand why there should be a distinction between Citi accounts and non-Citi accounts as a payment source. – jamesqf Jun 26 at 5:12
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As others have stated, when you 'make a payment'. This means you can use a number of sources; bank accounts, e-checks, debit cards etc. If you already have an account with them and it states "transfer payment". It means you are transferring payment from one account (a checking/debit held with Citibank) to another account, in your case - a credit card line.

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