M&S Credit card

Nealmason1986

I got my M&S credit card about 6 or 7 months ago now and i took advantage of the 10 months 0% interest to buy myself a TV. With the 10 months nearly up and still a bit of money to pay on my M&S card i am thinking i should balance transfer to avoid paying interest. The problem is im new to all this stuff and i dont know if their is something in the contract with M&S which says i have to stay with them for 12 months etc.

Does anyone know if and when i will be able to get a new credit card and do a balance transfer to take advanage of 0% interest. Im thinking of going with Tesco Club Credit Card.

When you do a balance transfer do you still keep the old credit card? E.g. will i still keep my M&S one if i balance transfer to tesco?

Thanks for your help!

Neal

never-in-doubt

Nealmason1986 wrote: »

I got my M&S credit card about 6 or 7 months ago now and i took advantage of the 10 months 0% interest to buy myself a TV. With the 10 months nearly up and still a bit of money to pay on my M&S card i am thinking i should balance transfer to avoid paying interest. The problem is im new to all this stuff and i dont know if their is something in the contract with M&S which says i have to stay with them for 12 months etc.

Does anyone know if and when i will be able to get a new credit card and do a balance transfer to take advanage of 0% interest. Im thinking of going with Tesco Club Credit Card.

When you do a balance transfer do you still keep the old credit card? E.g. will i still keep my M&S one if i balance transfer to tesco?

Thanks for your help!

Neal

Hiya

yes a balance transfer only means they pay your balance off - you keep the cards you accrue until you cancel them

Nealmason1986

so can i do a balance transfer anytime i want or do i have to be with m&s a year before i can balance transfer?

do you recommend it to? what are the cons?

never-in-doubt

Nealmason1986 wrote: »

so can i do a balance transfer anytime i want or do i have to be with m&s a year before i can balance transfer?

do you recommend it to? what are the cons?

anytime that it suits you - its no big deal, just go for it mate.... its a good thing if you aint paying interest. Look at the stoozing thread on here - that is what it is called...

never-in-doubt

Stoozing thread: http://forums.moneysavingexpert.com/forumdisplay.html?f=95