We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Santander Balance transfer

Options
Hi i hope someone can give some advice on if this is possible/ a good idea...
We have a Santander Card that had a balance transfer that has just finished the 0% period. We have read that they are offering 0% for 13 months fee free for existing customers. Can we transfer the balance to a Tesco card that we have had for over a year so there would be no fee just interest and then immediately swap it back to Santander to get this deal?
So is this possible? or will Santander say no as it would be the same amount they had transferred a short time before?

Thanks for your help
e

Comments

  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Yes you can, you will still have to pay the fee from Tesco and you'll have to make sure that you wait for your Santander balance to show £0 before doing the transfer again
  • Thanks for that.
    From reading the back of the Tesco Statement we wont have to pay a fee as we have had the card over 11 months and it isn't going on to a special rate.
    All seems easier than trying to find another card!
  • I would ask Tesco what they are offering first,quite often they offer 7.9% lob deal.Just in case everything does not go to plan.
    I have a deep burning indifference
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.