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  • FIRST POST
    • perez73
    • By perez73 22nd Sep 16, 6:46 AM
    • 2Posts
    • 0Thanks
    perez73
    Use 0% cash offer to pay off interest bearing items?
    • #1
    • 22nd Sep 16, 6:46 AM
    Use 0% cash offer to pay off interest bearing items? 22nd Sep 16 at 6:46 AM
    Hi,

    I have a 2k balance on my credit card which is made up of purchases and some cash advances.

    Using the offer to pay cash into my bank account could i withdraw enough to cover this by transferring back against the card once i have received it in my bank account?

    In my mind this will eliminate the high interest items, which i know must be paid first, leaving just the balance taken for the cash transfer which is at 0% until next year.

    The low cash transfer offer rate is less than 2% which is significantly better than the painfully high rate i'm paying on my cc debt now.

    Apologies if ive missed this topic elsewhere but i couldnt find anything.

    Any advice is appreciated.

    Thanks
Page 1
    • zx81
    • By zx81 22nd Sep 16, 7:31 AM
    • 8,706 Posts
    • 8,536 Thanks
    zx81
    • #2
    • 22nd Sep 16, 7:31 AM
    • #2
    • 22nd Sep 16, 7:31 AM

    Using the offer to pay cash into my bank account could i withdraw enough to cover this by transferring back against the card once i have received it in my bank account?
    Originally posted by perez73
    Depends on your limits. If you have more than 2k available, then yes.
    • perez73
    • By perez73 22nd Sep 16, 7:33 AM
    • 2 Posts
    • 0 Thanks
    perez73
    • #3
    • 22nd Sep 16, 7:33 AM
    • #3
    • 22nd Sep 16, 7:33 AM
    Yes i do. That's great news.

    Many thanks for the reply
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