Balance transfers

Flashman_2

Is it possible on 0% Balance Transfer cards to continue with a number of BTs throughout the term of the 0% interest? Or, is it only possible to do one BT? And, whatever the answer is, is it true for all cards? Thank you.

Reaper

Some allow BTs throughout the term, others only during the first month, one does not allow repeat BTs to the same card. You will need to check the T&Cs for your card.

Flashman_2

Thank you Reaper. Do you know what cards allow repeat BTs from same card throughout the term of 0%?

Reaper

I don't have a list and it would be dodgy to tell you about my past cards because T&Cs are always changing.

However I know my most recent BT was on the Coop Travel Card - they do allow any number of BTs through the term. Better still they are one of the very few who give points on BTs, so I was contemplating paying it off and re-BTing it several times in succession until I had enough points for a free holiday. It might work or they might get fed up with me and cancel it! I'll probably try it 2 or 3 times and see if I can get away with it!

Oh - and no BT fee either.

Flashman_2

Thanks Reaper. It will be a start for me and I will always check the T&Cs.

grumbler

Flashman wrote:

... what cards allow repeat BTs from same card throughout the term of 0%?

You can find brief information here: http://www.stoozing.com/0fees.htm

realaledrinker

Reaper - they have closed that loop hole (trust me!)

Reaper

Have they? Tell me more. The balance transfer I just did earnt me over £70 in points. What action do they take to prevent me doing it again?

realaledrinker

I did the same myself with a £7K BT last year but was told that any additional BTs would have the points reversed.