0% BT move away and then back again

dylanuk

Hi,

I've currently got a 0% bt on Virgin credit card - they've just sent me a letter offering me another 6 months at 0% on balance transfers credited to the account by my May statement - my current deal expires on my June statement.

I can move the balance to another existing credit card account, which doesn't have a bt offer - but allows bt's and doesn't charge a handling fee (at least none that I can see in the summary box).

If I did this, and then just moved it straight back to Virgin before the May statement to and from the exact same other credit card, are Virgin likely to refuse it? I.e. it's going to be incredibly obvious I'm rate tarting and do they mind / can they do anything about it?

Thanks

CannyJock

Only thing they can do is withdraw the offer to BT the funds - though generally I've never found their CS people that interested in foiling would-be clever people Does the offer say how long it's valid until?

What BT fee are they suggesting? Got a letter from them a while back that standard BT fee was increasing to 5% for all BT and SBT's. 6 months at 0% for a 5% fee isn't that great IMO.

Would definitely double-check there's no BT fee on your other card - two BT fees for the sake of 6 months at 0% definitely not a great offer.

You'd want to do the BT to the other card just before the April statement is produced so that your April statement has a nil balance, for you to then BT the balance back as soon as possible once it is produced to minimise interest on your other card.