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Quick Question

pss53
Posts: 25 Forumite
in Credit cards
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 ?
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....
0
Comments
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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.0
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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.0 -
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....0
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