Paying off credit with credit

GeenyWeeny

Hi everyone!

I have £700 on a 0% credit card, there's 6 months left of the 0%

I have also just been accepted for a credit card with 0% on balance transfers for 9 months, and 0% on purchases for 12 months.

My question is if i were to pay off the £700 with this new credit card, would that be considered a balance transfer, cash withdrawal or purchase

When i say pay off, i mean logging onto the old cc online and paying it off with the new cc details.

This wont be a balance transfer would it, as i haven't arranged it with the new cc company or paid a transfer fee?

Confused :huh:

YorkshireBoy

GeenyWeeny wrote: »

i mean logging onto the old cc online and paying it off with the new cc details.

You can't do that. You'd need to ask Halifax to transfer the balance (which would incur a 3% balance transfer fee). However, is it worth it? I mean...a 3% fee for effectively 3 months extra 0%. You may as well wait until August and get another card surely?