transfer of credit to 0%

bwatt00

I need to make sure but if i have a 0% credit card and transfered credit from other cards to it,if say months later i still have cards i want to transfer to this 0% card will i still get the 0% or will these be charged with interest when done as it was not done when i got the new card,im pretty sure i am ok on the 0% until its over am i correct.

Reaper

Depends on the card. Some, for example, say only transfers done in the first month are eligible for the 0%. You will have to read the T&Cs.

bwatt00

Its the virgin card any idea?

Careful_ly

You do need to read your T & C as they can be different depending on how long you have had the card.
Normally I think people max out the credit limit on the new card, and as the payments are only £5 per month, there is no further limit to transfer.
Also Virgin now charge 2% transfer fee, so better to make one large transfer than several smaller ones as there is a maximum fee.
If you want to give more info on your position, more help can be given.

YorkshireBoy

Careful_ly wrote:

Also Virgin now charge 2% transfer fee, so better to make one large transfer than several smaller ones as there is a maximum fee.

Might be wise to consider a credit card cheque paid into a current account - attracts a one-off 2% (max £50) fee. Then use a debit card to pay off credit card balances as required from there.