We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Only 60 Days To Transfer Cash?

I just rang virgin to apply for a credit card but asked for all the info before proceeding. I found out the 0% rate on transferring cash into my current account is only for 60 days and then goes to 16%.
I'm new to the credit card world, is this normal, I explained that I would need to transfer cash to my current account regularly during the next 6 months or so and he suggested that maybe this wasn't the right card for me.
Are there any cards that offer a longer period for regular cash transfers at a low rate?

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Just send the max allowed (95%) to your current account at the outset.

    Save the cash in a high interest instant access account (if you can find one!) until required for your business (read your other post).

    Whether you transfer £100 or £15,000 the monthly payments will be the same...£25.

    Or failing that, take a look at the Egg Card (Visa) and see if that has a similar restriction. However, monthly minimum payments on this card are 2% of the balance.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.