Credit Card Balance Transfer Question

wrightyi28

Hi Guys,

Just managed to get the Barclay Card 17 month 0% BT offer.

I am transferring balance from Capital One.

I work away from home a lot and pay my expenses up front and claim back from my employer monthly so I am generally out of pocket.

With the new card I have got, is it possible for me to use it for my expenses (food, fuel etc) alongside my interest free balance transfer?

eg if my BT is £2000 and I were to spend £500 on expenses. I would divide the £2000 by 17 to get an average monthly payment that I would use for the BT (£117 in the example)

As long as I paid off the £500 then I wouldnt get charged interest on anything? In addition I would pay the £117 to keep within the amount I wish to pay pm for the BT.

Am I right ir talking nonsense?

Thanks

wrightyi28

Anyone able to assist? :-( Thanks

Consumerist

wrightyi28 wrote: »

With the new card I have got, is it possible for me to use it for my expenses (food, fuel etc) alongside my interest free balance transfer?

Yes it is possible but you will pay interest on your purchases.

You only get an interest-free priod on purchases if you pay off your ENTIRE BALANCE each month (including the BT).