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    • pookiefk1
    • By pookiefk1 9th May 17, 11:19 AM
    • 5Posts
    • 0Thanks
    mbna money transfer
    • #1
    • 9th May 17, 11:19 AM
    mbna money transfer 9th May 17 at 11:19 AM
    I have a virgin cc with 0% and a balance of about £4000 0% till next year
    Barclaycard 0% about £1500
    First Direct 0% till next year
    Mbna card with 3 different balances and time scales but they were all 0%

    MBNA Card - 2 of these 0% offers have come to an end and I have no other cards to transfer it on to for more 0%
    MBNA are offering me a money transfer to my bank account for 0% till may/june next year so what I was wondering was I have enough available balance to transfer the amount to my account and then pay of the card so it is 0% again?

    hopefully that makes sense and you guys can help me.
Page 1
    • Superscrooge
    • By Superscrooge 9th May 17, 12:53 PM
    • 871 Posts
    • 600 Thanks
    • #2
    • 9th May 17, 12:53 PM
    • #2
    • 9th May 17, 12:53 PM
    I think that would work. But don't forget you will incur a money transfer fee?
    • pookiefk1
    • By pookiefk1 9th May 17, 1:24 PM
    • 5 Posts
    • 0 Thanks
    • #3
    • 9th May 17, 1:24 PM
    • #3
    • 9th May 17, 1:24 PM
    yeah I knew I would have that but thought it may be better in the long run xx
    • logie48
    • By logie48 10th May 17, 1:25 PM
    • 67 Posts
    • 10 Thanks
    • #4
    • 10th May 17, 1:25 PM
    • #4
    • 10th May 17, 1:25 PM
    Another option, if viable, why not take out another balance transfer card?

    I'm guessing the transfer fee with MBNA will be around 3% ish?, so may be cheaper if you get a new 24 month 0% for a low, or no fee BT card.
    Last edited by logie48; 10-05-2017 at 1:28 PM.
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