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Credit card advice please
fishingcinema
Posts: 1,048 Forumite
in Credit cards
Hi there
Following on from yesterdays thread, basicaly i need £5k and have 2 credit cards woth £2100 cap one and £2500 barclays limit on them. both cards will be clear before i do anything.
I can not lend or get a personal loan so was considering taking out the cash on the cards but understand this will cost me alot in more than one way.
So here is my next idea that i need some advice as to if it is even possible.
Ok i am thinking of adding my capital one card to my paypal account.
Make a personal payment of £2100 thus maxing my card out.
Take barclaycard up on there 0% balance transfer for 20months. freeing up the capital one balance.
Then again make another personal payment through paypal of £2100.
I am thinking this will save me money so to speak as i will only be paying interest on £2100 rather than paying cash withdrawal fee and interest on both cards.
I hope i have made sense and does anyone know if this is possible or am i in cloud cuckoo land :0)
Many thanks in advance.
Following on from yesterdays thread, basicaly i need £5k and have 2 credit cards woth £2100 cap one and £2500 barclays limit on them. both cards will be clear before i do anything.
I can not lend or get a personal loan so was considering taking out the cash on the cards but understand this will cost me alot in more than one way.
So here is my next idea that i need some advice as to if it is even possible.
Ok i am thinking of adding my capital one card to my paypal account.
Make a personal payment of £2100 thus maxing my card out.
Take barclaycard up on there 0% balance transfer for 20months. freeing up the capital one balance.
Then again make another personal payment through paypal of £2100.
I am thinking this will save me money so to speak as i will only be paying interest on £2100 rather than paying cash withdrawal fee and interest on both cards.
I hope i have made sense and does anyone know if this is possible or am i in cloud cuckoo land :0)
Many thanks in advance.
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