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Balance Transfer

Hi

I have a credit card with 6K limit and a car loan outstanding of 5K.
I am planning to pay off the car loan with the credit card and then balance transfer the outstanding to a new credit card.

Can I do this? Is there anything I should be aware of?

Thanks

Comments

  • chanz4
    chanz4 Posts: 11,057
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Forumite
    Have you checked the company will accept credit card, also what fee they will charge if they will
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • thenudeone
    thenudeone Posts: 4,464
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    Also how they process it through the CC system (i.e. is it a purchase or a cash-type transaction which are treated differently by CC companies)
    We need the earth for food, water, and shelter.
    The earth needs us for nothing.
    The earth does not belong to us.
    We belong to the Earth
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