mbna money transfer

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.

Comments

  • Superscrooge
    Superscrooge Posts: 1,171
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    I think that would work. But don't forget you will incur a money transfer fee?
  • pookiefk1
    pookiefk1 Posts: 14
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    yeah I knew I would have that but thought it may be better in the long run xx
  • logie48
    logie48 Posts: 98
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    edited 10 May 2017 at 12:28PM
    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.
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