Can anyone help!!

Kelsi-Blu

I have a Capitalone card with £0 on it and a £4000 credit limit at 14.9% pa
I also have a Virgin card which was 0% for 15 months. And 0% on balance transfers until Oct 2009. I have £1200 on this. Unfortunately I accidently spent on it last month which now means I am having to pay interest. I know STUPID!!:o
Can I move the £1200 to Capitalone and then when this appears on the statement move it back to Virgin and take advantage of the 0% until Oct 2009??
Its all a bit foreign to me but does this make sense?
If this is correct I will definately cut up the Virgincard so no more mistakes are made. Hope someone can help!:rolleyes:

NickX

It depends how much you have spent on the Virgin card ?

If it is not too much you are probably best just to take the hit on the interest on the purchases rather than pay 2 Balance Transfer fees to move the entire balance away and back again.

Kelsi-Blu

Hi, thanks, only about £100 if that!

NickX

Kelsi-Blu wrote: »

Hi, thanks, only about £100 if that!

Interest for a full year shouldn't be more than £30 on this.

I would take the hit and just make sure that you don't spend on the card again.

Good Luck.

Kelsi-Blu

Thanks NickX
Cutting the card up as we speak!!!:beer:

GeorgeUK

Have you tried phoning Cap1 to see if they are foing any Balance transfer promotions right now? Some banks give these to existing customer - 0% for 6 months or low interest life of balance transfer. Might be worth asking.