Ulster Bank CC - money transfer

~Chameleon~

Whilst filing some statements yesterday I had a quick look at the Notice of Variation leaflet which accompanied my last statement (usually just bin them lol) and noticed that Ulster Bank now offer Money Transfers into a current/BS account.

Does anyone know whether this would work in conjunction with a BT offer (preferably 0%) as I can't find anything relating to that in the leaflet. They've always been very good at offering new deals so hopefully this won't change in the future.

creditcardhelp11

Look here for the terms for gold http://www.ulsterbank.co.uk/documents/NI/gold-card-summary-box.pdf for classic http://www.ulsterbank.co.uk/documents/NI/classic-card-summary-box.pdf you see that money transfers are not given a promotional rate it says N/A.

YorkshireBoy

~Chameleon~ wrote: »

noticed that Ulster Bank now offer Money Transfers into a current/BS account.

Ulster Bank, like other RBSG cards (including Tesco when they were a JV with RBSG...and still), have been offering money transfers for some considerable time.

Whilst fee-free, they're not interest free (as standard). However, the interest rates are typically the same as those for purchases, ie not your usually high cash rates. The products have an 'advance limit', which is typically between 50% and 75% of your credit limit.

They remain a useful 'mule' for diverting 0% cash to your current account from other 0% BT cards, and with good timing the (interest only) costs can be kept to a minimum.