balance transfer advice

nextyeartina

hi

i have a tesco credit card which is interest free until may. i was considering a balance transfer to another card but don't fully understand how it works. call me dim, i don't mind. if i'm accepted for another card with bt but manage to pay tesco off before all is finalised, will i still be able to keep the new card and account??

t, x

Fruit_and_Nut_Case

Nothing to stop you having more than one credit card.

SAK45

Ofcourse, you can keep it. Credit cards have various deals, some have 0% on balance transfers for a certain period, some do special offers on purchases. Best to apply for the one that meets your needs.

nextyeartina

thanks for the replies so far. if i was to spend on a bt card, it is expensive??

sorry for all the questions, new to all this.

t, x

therevelator

if i was to spend on a bt card, it is expensive??

AFAIK the 0% offer would be just for the BT amount. Purchases on the new card would be whatever the CC company's purchases rate is. From my experience, I don't think CC companies offer deals for 0% on BTs and 0% on purchases for X months.

Better to just not spend I'd say.