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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
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