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Quick Question

I've just balanced transfered to another card giving me 0% for over a year on transfers and 0% on purchases for 6 months...

If i were to use the card for a purchase, and pay off what i bought within the 6 months, would i pay interest on it ?
Nobody's right, Nobody's wrong, LIFE'S JUST A GAME, it's just one epic holiday....

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    If you do a BT and you use the card for purchases then any repayments you make will be deducted from the BT balance so that means you will start to pay interest on the purchase after 6 months as you won't have paid anything off them.
  • NickX
    NickX Posts: 3,046 Forumite
    pss53 wrote: »
    I've just balanced transfered to another card giving me 0% for over a year on transfers and 0% on purchases for 6 months...

    If i were to use the card for a purchase, and pay off what i bought within the 6 months, would i pay interest on it ?

    Yes you would, unless you pay the entire balance off before the 6 months is reached. This would negate the advantage of having 12 months available for Balance Transfers.

    TIP : Never ever mix Balance Transfer and Purchases promotions unless they are for identical periods.
  • pss53
    pss53 Posts: 25 Forumite
    Ta chaps,

    I'll just apply for another and pay it off then, got the money to buy it, but it's locked in one of my gadgets ! :)
    Nobody's right, Nobody's wrong, LIFE'S JUST A GAME, it's just one epic holiday....
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