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Balance Transfer query
lowtidesurf
Posts: 55 Forumite
in Credit cards
Ok so MSE say never ever spend on a balance transfer card. However just got a sainsburys CC and done a balance transfer 0% for 10 months with a 3% fee. The card is also 0% for 10 months on new purchases plus double nectar points. Does this dont spend on a balance transfer card apply.
Cheers
Cheers
Starting Mortgage of £133,000 in Dec
Wish me luck
Target £120,000 by 12/12/12
0
Comments
-
No, in this instance you are fine to spend on the card even though there is a Balance Transfer balance.
It is an exception to this golden rule where the two promotions are for identical periods and identical rates.
So Happy Days :beer:0 -
Just remember you will still be pushing the balance up thus increasing your monthly payments. If this isn't a problem for you then it's all good.0
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