Goldfish,SBT?

Chris357

I have recently acquired a 0% Goldfish card. They say I can use the supplied cheques to pay off an overdraft. Is this the same as using Mint's transfer and save cheques to do a super balance transfer into my current account or is there a hidden fee? Martin doesn't include Goldfish in his list of SBT cards.

Reaper

I don't have one and therefore don't have all the T&C to hand but I must say I thought Goldfish cheques were free.

The one important thing to check is whether using a cheque counts as a Balance Transfer, a normal purchase, or a Cash Advance.

Unless it counts as a Balance Transfer it won't be at 0%.

johnllew

The blurb you should have received with the cheques should tell you. The last ones I had from Goldfish (Dec 03) had no fee and qualified for the special BT rate. I have used them as recently as last month and I wasn't charged a fee.

If you have any doubts, ring them up, ask for clarification and record the name and extension number of the person who advises you.

Milarky

You can also use these cheques to pay 'bills' for things like Road Tax or TV license, of course. [Min amount is about £50 I think] A shop is unlikely to accept these cheques as they can't be guaranteed, however. Also there is no protection with using CC cheques in the way that there is [Section 75, Consumer credit Act] with credit card purchases.

Chris357

Thanks very much everyone for your advice. I just wanted to make sure I hadn't missed something before using the cheques. For anyone else who is thinking of using this card, the 0% promotion is for balance transfers only. So don't use it for purchases.