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balance transfers & purchase

First time on these boards:eek: so here goes.
Reading thru the tips & advice etc on the site it states, as a golden rule, never ever make a purchase on a card used for a balance transfer. So bearing this in mind, I have a £1800 debt on a Skycard (mastercard) and want to transfer the balance to a new 0% card, easy enough, BUT I also want/need to purchase a new PC which will cost about £800 and will need a card to buy it on as I don't have the cash to buy it outright. So I thought I"ll buy it on my Sky card then transfer the whole balance over, about £2600, to the new card. Is this plausible? Your thoughts and advice will be most appreciated.

Comments

  • anna42hmr
    anna42hmr Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    this would be possible, as long as you put it on the old card before the transfer goes through, however the one thing i would be concerned about if i was you would be what if you dont get the credit limit for the amount you want to transfer, also dontforget you need to factor in a balcence transfer fee (often around 3%)

    apparently you can spend on a 0% bt card if they have 0% on new perchases for the same lenght of time and 0% on balence transfers
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
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