stooze with virgin c/c cheques

kingkano

After having my virgin card for ages they have finally sent me a really good deal I have BT or CHEQUES at 0% till october, and I have 13.6k limit. It says handling fee of 2% (min £2, max £35).

Can I just check to be sure, I can write a cheque to myself for £12,920 (95% of limit) and then deposit it into my websaver account?? Less the fee I believe I will get 150-200 in interest by october

PoorDave

kingkano wrote:

After having my virgin card for ages they have finally sent me a really good deal I have BT or CHEQUES at 0% till october, and I have 13.6k limit. It says handling fee of 2% (min £2, max £35).

Can I just check to be sure, I can write a cheque to myself for £12,920 (95% of limit) and then deposit it into my websaver account?? Less the fee I believe I will get 150-200 in interest by october

You will probably have to deposit the cheque into a current account, then transfer from there into your websaver.

I would say do 95% only if this is limited by Virgin. I would normally suggest leaving £100 below your limit.

Then when October comes, you need some more 0% credit to BT the debt to, so you can keep going.

kingkano

Yes virgin's limit is 95%

Yeah current account, then move over to my websaver. Should've said. Then easy to move back for repayment.

I doubt I could get a card this large to move it to afterwards lol. But we'll see.

kingkano

they rounded it to 13k even better he did an SBT on the phone for me lol. I checked several times about the fee being £35 and felt releived when he said definitely because there are 2 ways, cash transfer or balance transfer so I should be safe.

my first stooze yay!