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  • FIRST POST
    • Dougie Bilbie
    • By Dougie Bilbie 1st Jan 18, 7:02 PM
    • 6Posts
    • 2Thanks
    Dougie Bilbie
    0% balance transfer
    • #1
    • 1st Jan 18, 7:02 PM
    0% balance transfer 1st Jan 18 at 7:02 PM
    I got a new tesco credit card and transfered my capital 1 balance over at 0%. I've never spent on the card and only used it to pay off the debt so I've never paid interest. My question is if I spent on my card would interest be on the purchase or the whole amount I have on my card?
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 1st Jan 18, 7:14 PM
    • 24,366 Posts
    • 11,653 Thanks
    jonesMUFCforever
    • #2
    • 1st Jan 18, 7:14 PM
    • #2
    • 1st Jan 18, 7:14 PM
    Most cards will operate this way - you still have 0% on your balance transfer BUT no 56 day interest free period on any additional spending - interest will be charged on any new purchases.

    IMO it is not a good idea to mix purchases and interest free cards.
    Could you not spend what you want on the old Capital One card?
    What goes around - comes around
    give lots and you will always receive lots
    • Dobbibill
    • By Dobbibill 1st Jan 18, 11:11 PM
    • 2,645 Posts
    • 3,744 Thanks
    Dobbibill
    • #3
    • 1st Jan 18, 11:11 PM
    • #3
    • 1st Jan 18, 11:11 PM
    As Jones says - you are better to put the purchase on the Cap1 card. At least you will have the option to pay off on the due date without incurring interest.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • Dougie Bilbie
    • By Dougie Bilbie 2nd Jan 18, 11:17 AM
    • 6 Posts
    • 2 Thanks
    Dougie Bilbie
    • #4
    • 2nd Jan 18, 11:17 AM
    • #4
    • 2nd Jan 18, 11:17 AM
    I don't have the capital one card anymore as i didn't want 2 credit cards so when I transferred the balance in cancelled the capital one card so I only have the Tesco card
    • zx81
    • By zx81 2nd Jan 18, 11:19 AM
    • 14,905 Posts
    • 15,735 Thanks
    zx81
    • #5
    • 2nd Jan 18, 11:19 AM
    • #5
    • 2nd Jan 18, 11:19 AM
    Always have at least one back up card, if not more.
    • Dobbibill
    • By Dobbibill 2nd Jan 18, 11:32 AM
    • 2,645 Posts
    • 3,744 Thanks
    Dobbibill
    • #6
    • 2nd Jan 18, 11:32 AM
    • #6
    • 2nd Jan 18, 11:32 AM
    It may be worth getting another card if you are going to put purchases on it.
    It won't cost anything if it's only used, then paid in full. (assuming it's not a fee charging rewards type card) You can use as and when required.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • Opsore Singhan
    • By Opsore Singhan 2nd Jan 18, 1:20 PM
    • 1 Posts
    • 0 Thanks
    Opsore Singhan
    • #7
    • 2nd Jan 18, 1:20 PM
    • #7
    • 2nd Jan 18, 1:20 PM
    No interest to cover purchases for up to 29 months from account opening. We might offer you a 0% interest period of 23 or 17 months instead depending on your Unique circumstances and 0% interest on balance transfers for your first 3 months with a balance transfer rate of 2.9%. You are able to transfer up to 95 percent of your available credit limit.
    • Johnben
    • By Johnben 5th Jan 18, 3:07 PM
    • 1 Posts
    • 0 Thanks
    Johnben
    • #8
    • 5th Jan 18, 3:07 PM
    • #8
    • 5th Jan 18, 3:07 PM
    Just spent 3 days trying to sort out a balance Transfer. Halifax o% made a total hash of it and I had to cancel. Sainsburys offered me a measly £3500 credit limit. Barclays offered me £8300 in seconds. Sainsburys also wanted to send me written documents to sign before they would issue a card. My take is avoid Sainsburys unless you only want to transfer a small balance and avoid Halifax if you want to avoid 20 to 30 minutes waiting to be answered. My credit rating is 988 out of 999 so I reckon Sainsburys only want small balances to avoid supporting large amounts
    • zx81
    • By zx81 5th Jan 18, 3:41 PM
    • 14,905 Posts
    • 15,735 Thanks
    zx81
    • #9
    • 5th Jan 18, 3:41 PM
    • #9
    • 5th Jan 18, 3:41 PM
    Unfortunately only you and Experian care about your credit score.
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