Am I right here?

mintymoneysaver

My husband has just re jigged his finances and put all his debt ( about £800) on the Cap 1 balance transfers 0% till July 07, the one where you don't have to make any purchases.However he now needs to put his football season ticket on a credit card too.The cap 1 was only 3 months on purchases, so I am assuming it would be interest on this after the first 3 months.
So, would it make sense for him to get a Sainsury's 12 months on purchases card for the season ticket, or should he put it on his normal MBNA card (balance £0)and then just transfer the balance to Cap 1? Can he do this even though he has already transferred balances, or is there a time limit.He only got it about 3 weeks ago and the credit limit is high enough so he could do this.
Thanks for any suggestions...

steve!_10

Knowing Capital One, they'll move the season ticket purchase "to the back". So any payments would go on the £800 debt first, leaving the purchase to fester and cost you interest until you pay the £800 off. As a general rule, don't spend on a card you use for balance transfers.

mintymoneysaver

That's what I thought, but if I did it as a balance transfer from another card it would get round that wouldn't it? So it's either that or the Sainsbury's card...

steve!_10

Yep, that sounds like it would work to me.

galileo

You need to check the ts and cs as to whether there is a time limit within which the 0% bt must be made. For example, I have seen terms to the effect on one card that the 0% offer only applies to bts carried out in the first 6 weeks of the account being open.

If the bt can still be done at 0%, the season ticket should be bought on another card and then the debt should be transferred to the capital 1 card.

Afahmaep

mintymoneysaver wrote:

.However he now needs to put his football season ticket on a credit card too.Thanks for any suggestions...

Barclaycard do their Premiership Card specifically aimed at purchasing Annual Season Tickets over £250. Not sure if you can apply unless you already have a Barclaycard but here is the blurb taken off their site once I had already logged on

Request a Premiership Barclaycard
Get in on the action with a Premiership Barclaycard. if you're a sports fan, the Premiership Barclaycard is the card for you

As well as all the usual features of a Barclaycard, you'll also be able to enjoy the following great benefits:

0% interest on football season tickets over £250
10% discount at all:sports
10% discount at Dominos Pizza
Automatic entry for a chance to win Barclays Premiership match tickets every time you use your card
No annual fee
To receive an application form for a Premiership Barclaycard in the post, simply click submit and we'll send one to you in the post.
Full Terms and Conditions will be sent to you with your application.