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Do I pay off my loan with a credit card?!
Comments
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In theory,you could.It depends on how good your credit score is.It is a bit of a gamble.You could succeed in BTing each year or you could be unsuccessful and be stuck with a high interest rate !0
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I've thought about doing this, my Egg loan currently can be early settled for £3000. I was thinking of applying for a credit card to pay it off with 0% on purchases.
I've already got a Virgin card in the past 2 months, which I balance transferred to for the 16 month period to get rid of paying interest on my other credit card.
The best I can see for purchases is a Tesco card, which gives 12 months free on purchases, so basically I need to work out if I can pay off £3000 over a year.0
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