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  • FIRST POST
    • kirktaz
    • By kirktaz 18th May 17, 7:10 PM
    • 2Posts
    • 0Thanks
    kirktaz
    Balance transfers
    • #1
    • 18th May 17, 7:10 PM
    Balance transfers 18th May 17 at 7:10 PM
    Hi All,

    Apologies if this is the wrong place.

    I used this site to find a credit card (Sainsburys) to transfer 2 balances from store cards. To be sent a new credit card and be told I cannot transfer the 2 balances because they dont have 16 digit account numbers, there was no mention of this on the application, or none that I saw.

    I know its my fault for using them but the interest is beyond a joke and really want to try and clear them off.

    Thank you in advance for your advice.
Page 1
    • tlc678910
    • By tlc678910 18th May 17, 9:31 PM
    • 451 Posts
    • 841 Thanks
    tlc678910
    • #2
    • 18th May 17, 9:31 PM
    • #2
    • 18th May 17, 9:31 PM
    Hi,
    If you are able to get a credit card that offers a money transfer to your bank account on a 0% promotional offer you can then use this money (put into your bank account to pay off the store cards). You can find information about money transfer credit cards in the credit card section of this site.
    Tlc
    Not sure how you feel about applying for more credit so soon though/ whether this will affect your credit file negatively.
    • venison
    • By venison 18th May 17, 11:02 PM
    • 816 Posts
    • 767 Thanks
    venison
    • #3
    • 18th May 17, 11:02 PM
    • #3
    • 18th May 17, 11:02 PM
    You could use the cc for all your weekly spending and then transfer the cash you would have spent to pay off the store cards.
    • fatbelly
    • By fatbelly 19th May 17, 8:52 AM
    • 10,661 Posts
    • 7,957 Thanks
    fatbelly
    • #4
    • 19th May 17, 8:52 AM
    • #4
    • 19th May 17, 8:52 AM
    The 2 options have already been mentioned

    http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

    http://www.moneysavingexpert.com/credit-cards/best-0-credit-cards
    • Helvetica Van Buren
    • By Helvetica Van Buren 19th May 17, 8:56 AM
    • 238 Posts
    • 335 Thanks
    Helvetica Van Buren
    • #5
    • 19th May 17, 8:56 AM
    • #5
    • 19th May 17, 8:56 AM
    You could use the cc for all your weekly spending and then transfer the cash you would have spent to pay off the store cards.
    Originally posted by venison
    That'll only be any good if the new card offers 0% on purchases.
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