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way to use credit cards
MondoMondoMondo
Posts: 19 Forumite
in Credit cards
Hello,
I currently have 2 credit cards - 1 with 1st direct with a debt of 3k on a 5k limit and another with mbna currently no debt on a 5k limit which is offering a 4% cash transfer to a current account - I am moving home and need all my savings to use as deposit and then cash to do some fixing up on the property - could I use up my remaining 7k of credit by putting cash in my account and then balance transferring both credit cards to 2 seperate 0% cards ? I have no other debts.
Thanx
Ray
I currently have 2 credit cards - 1 with 1st direct with a debt of 3k on a 5k limit and another with mbna currently no debt on a 5k limit which is offering a 4% cash transfer to a current account - I am moving home and need all my savings to use as deposit and then cash to do some fixing up on the property - could I use up my remaining 7k of credit by putting cash in my account and then balance transferring both credit cards to 2 seperate 0% cards ? I have no other debts.
Thanx
Ray
0
Comments
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Yes, you could...whether it would be approved or not is another matter. Not to mention if you get close to your limit, the fees and or interest could cause you to default...0
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