We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
MBNA Platinum 1.9% APR BT & Cash Back
Leeds_Fella
Posts: 73 Forumite
Guys,
I have the above card purely to transfer a balance transfer to a low 1.9% APR with no BT fee.
There is an option to get cash into my bank account for the same rate of 1.9%APR. This seems too good a deal.
I still have a BoS 5.65% savings account for 3 more months and was simply thinking of getting the cash into the savings account for 3 months - money for nothing or am I missing something?
Anyone aware of this card or anything I should be aware of?
I have the above card purely to transfer a balance transfer to a low 1.9% APR with no BT fee.
There is an option to get cash into my bank account for the same rate of 1.9%APR. This seems too good a deal.
I still have a BoS 5.65% savings account for 3 more months and was simply thinking of getting the cash into the savings account for 3 months - money for nothing or am I missing something?
Anyone aware of this card or anything I should be aware of?
0
Comments
-
Seems like a good idea to me.
Just ensure that it doesn't affect any benefits, age related tax allowances etc if you do it.0 -
You'll make £6.29 (after basic rate tax) per £1,000 shifted, assuming you get the full 3 months...
http://www.stoozing.com/calc.php
Worth it?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards