End of Interest Free period....what next?
Comments
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Guilty - I've done it.
But before I did it, I contacted Egg and checked with them and they said it was okay to do precisely that.
For instance, after taking out the Egg Card with £4K on it, I then took out a Halifax card which gave me a measly £900.. I did a SBT putting the £900 on to Egg, which meant that I then owed Egg £3,100, but because in the meantime I had done my first minimum repayment of £80, I actually then owed Egg £3,020. I sent a secure message to Egg asking whether I would then be allowed to transfer the £900 or £980 into my current account, and the written reply from them was I could transfer the whole lot, bringing me back up to my maximum £4K credit limit. So I did.
Hope that helps.0 -
Thanks Mary0
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Shinds
It won't be very profitable if your other card is an MBNA one though 'cos they'll charge you 2% up to a maximum of £35 every time you do a BT0
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