🗳️ ELECTION 2024: THE MSE LEADERS' DEBATE Got a burning question you want us to ask the party leaders ahead of the general election? Submit your suggestions via this form or post them on our dedicated Forum board where you can see and upvote other users' questions. Please note that the Forum's rules on avoiding general political discussion still apply across all boards.

Barclaycard balance transfer question?

I have just received a balance transfer offer from my credit card for 0% for 12 months if i transfer a balance from another card or transfer a balance to my current account. The only snag is that i currently have a balance of about £1800 on the card. The offer expires on the 31st October so my question is, if i was to borrow £1800 from someone and pay off my balance on my c card, then once its cleared, transfer £1800 to my current account then pay my friend back. Then i would have 0% for a year, do you think this would work?


  • debtfreehorizon
    debtfreehorizon Posts: 44 Forumite
    edited 7 October 2010 at 4:00PM
    (edit) yes, took me a while to understand you there

    if you then transfer the 1800 to a current account, you will have 0% on your new 1800 balance
  • king100
    king100 Posts: 1,565 Forumite
    the 0% will only be on balance transfer'd funds, it will not allow you 0% on new purchases or cash for 12 months

    Totally depends on what the letter says, I had one similiar balance transfer up till July 2011, went to do end of Sept and couldent.

    Trying to organise with barclaycard to get it sorted now.

    Do you have any other credit cards? You could pay this card off with them then balance back. Which is what I was going to do.
    I all have learnt is from others on many sites.
    Seek legal help if unsure.
    Dont pay Private Parking tickets - they are mere invoices.

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Name Dropper First Post First Anniversary
    ripper1001 wrote: »
    ...do you think this would work?
    Depends on the statement date, because I believe Barclaycard require you to have had a zero balance statement first...otherwise there are problems with the 'order of payments', meaning existing balances are locked in at a higher rate.
  • ripper1001
    Thats what was worried about Yorkshireboy, there's no way a credit card would leave themselves open for something like that?
This discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 8 Election 2024: The MSE Leaders' Debate
  • 343.9K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 236K Work, Benefits & Business
  • 609.2K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards