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Barclaycard B/T £25 refund - bumping my balance over £2000?
insurgente
Posts: 211 Forumite
in Credit cards
Evening all,
apologies if this is bad etiquette and has been asked before.
My current 0% card is with MBNA (BMI Amex) and I shall need to move it on pretty soon. I was considering Barclaycard anyway as they seem to offer the longest (22 months). My balance is currently around £1850, and Barclaycard seem to offer a £25 refund of the B/T fee if you transfer over £2000.
This has got me thinking... would it be wise to bump up the balance of my BMI card first? Or am I trying to be too clever?
If I did it, obviously I would stick to purchases that were strictly neccessar, rather than spending £150 for no reason. Is there anything to look out for?
As the card is 0% on balance transfers, but I'm not paying the full balance each month, I would start paying interest as soon as I make a purchase correct? So I should seek to transfer it as soon as possible? Does it make a difference to the card I'm looking to transfer to (Barclaycard) that the balance would be 'split': i.e. £1850 on previous balance transfer, £150 on new purchases. Or do they just see the balance as a whole?
Thanks for the tips
apologies if this is bad etiquette and has been asked before.
My current 0% card is with MBNA (BMI Amex) and I shall need to move it on pretty soon. I was considering Barclaycard anyway as they seem to offer the longest (22 months). My balance is currently around £1850, and Barclaycard seem to offer a £25 refund of the B/T fee if you transfer over £2000.
This has got me thinking... would it be wise to bump up the balance of my BMI card first? Or am I trying to be too clever?
If I did it, obviously I would stick to purchases that were strictly neccessar, rather than spending £150 for no reason. Is there anything to look out for?
As the card is 0% on balance transfers, but I'm not paying the full balance each month, I would start paying interest as soon as I make a purchase correct? So I should seek to transfer it as soon as possible? Does it make a difference to the card I'm looking to transfer to (Barclaycard) that the balance would be 'split': i.e. £1850 on previous balance transfer, £150 on new purchases. Or do they just see the balance as a whole?
Thanks for the tips
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