Captial One 0% til 07

$17mma

I have looked for a similar thread but could not find one.

I have taken the above card out to take advantage of the 0% offer for 12 months. I plan on transfering the remainder of my current card to it. However there will be a balance transfer fee.

What would you suggest will be the cheapest way of me paying off the old card and taking advantage of the 0%

1. Pay old card with new card as a debit payment ( would this be classed as a card visa transaction rather than a balance transfer?)
2. Withdraw the cash and pay old card
3. Pay old card with cheque from new card

As the card will be paid off before the 0% runs out do I need to worry how I make the payment to the old card as long as it is not via balance transfer as I will get charged?

All coments appreciated

lipidicman

Careful there, cash withdrawals and cheques are usually charged at a higher than the standard APR (far from 0%) and this would be a nightmare. I don't know about debit payments, but I have a feeling that this wont work either

$17mma

Looks like I will just have to pay the BT fee then.

lipidicman

Check whether the BT fee is capped. With a high amount the capped fee can be quite small, especially if you have the cash sitting in a high savings account that will cover the fee. If not, a capped fee is better than facing an interest hike. Do the sums!

Curlyz

I have this card and BT fee is not capped - its 2% of however much you BT