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!
Balance Transfer queries (clueless)
Loop147
Posts: 1 Newbie
in Credit cards
Hi, I'm pretty clueless with these types of things and can't find the answers elsewhere so hopefully one of you kind folk might be able to help me?
I have 2 credit cards (First Direct VISA (3 years) & Barclaycard VISA (1 month)
I owe money on the FDV but am in credit on the BCV (thanks to betting wins)
I can't use the BCV to pay off the FDV as FD won't allow it ...... so could I do a balance transfer to the BCV?
But then does the FDV stay active (as I still want to use it) and I have some monthly payments that always go on to that, also would there be any costs involved.
Sorry if I'm making this complex and thanks for any help you can give.
I have 2 credit cards (First Direct VISA (3 years) & Barclaycard VISA (1 month)
I owe money on the FDV but am in credit on the BCV (thanks to betting wins)
I can't use the BCV to pay off the FDV as FD won't allow it ...... so could I do a balance transfer to the BCV?
But then does the FDV stay active (as I still want to use it) and I have some monthly payments that always go on to that, also would there be any costs involved.
Sorry if I'm making this complex and thanks for any help you can give.
0
Comments
-
The FDV would stay active as all they would see is a payment being made to your account. Your lender will tell if what fees, if any you will get by taking up a balance transfer. Good luck.Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards