paying off loan using card

samharry

i have just got one of those capital one cards 3 months 0% purchases and 0% balance transfer till aug 2007.. i did a transfer of about £740...i have aloan with beneficial bank and have about £500 to pay off on it...can i use one of my other credit crads with nil balance to pay off the loan then balance transfer to capital one with 0% till august 2007........

grumbler

Yes, you can do this, but:

• you will pay 2% cash withdrawal fee
• you will pay 2% BT fee
• you are likely to pay a few days interest on your 'other credit card'