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QQ on 0% purchase cards
scw1
Posts: 392 Forumite
in Credit cards
I am having a silly moment and cant think properly.
I have been offered a Lloyds TSB cc which has 0% for 3 months on purchases. I dont have any other debts apart from £187 I owe on my next account. If I take out this card can I use it to pay off the next account. In other words would that be classed as a purchase or balance transfer?
Thanks
I have been offered a Lloyds TSB cc which has 0% for 3 months on purchases. I dont have any other debts apart from £187 I owe on my next account. If I take out this card can I use it to pay off the next account. In other words would that be classed as a purchase or balance transfer?
Thanks
0
Comments
-
You cannot directly use a credit card to pay off a store/credit card.
You also cannot BT to/from a store card.
Some credit cards permit a money transfer to a bank account so as to give you cash from which you can pay a store card. LLoyds does not.0 -
Thats very interesting to know. Thanks very much for that. Learnt something new today already.
Sam0
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