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Transfer or Purchase
MrsKatie
Posts: 1 Newbie
in Credit cards
Hello All.
I have a really stupid question that I hope someone can help me with.
I bought a sofa on a 0% for a year, which is due to run out soon. I want to put the debt onto a 0% credit card but unsure which to choose.
Is it classed as a PURCHASE (As i will be paying for something over the phone)
OR
Is it classed as a TRANSFER (because it is already an existing debt)
I just cant get my head round it...
Thanks for any help.
MrsKatie x
I have a really stupid question that I hope someone can help me with.
I bought a sofa on a 0% for a year, which is due to run out soon. I want to put the debt onto a 0% credit card but unsure which to choose.
Is it classed as a PURCHASE (As i will be paying for something over the phone)
OR
Is it classed as a TRANSFER (because it is already an existing debt)
I just cant get my head round it...
Thanks for any help.
MrsKatie x
0
Comments
-
It will be classed as a transfer so find a card with a good balance transfer deal for you. If you can pay off the remainder within 6 months then the Play.com credit card is a good deal with a 1.5% fee for transfers. If it'll take you longer to repay then look for a card with good long term deals.0
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