Bouncearound 20 months 0% purchases card

beardymouse

Hi there.

I'm looking to get as long a 0% on purchases card as possible for one big purchase (I can afford the repayments).

First Direct do 0% for 56 days on purchases but they do 20 months 0% on balance transfers from competitor cards (transferred within the first 2 months)

Would I be able to do the following:

- Purchase the item on the First Direct card
- Transfer the balance to a third party 0% card
- Transfer that balance back to the First Direct card and receive 0% for 20 months.

?

Tixy

You could - if you have or are able to get another card with a sufficently high limit (assuming you already have recently got the first direct card with a sufficent limit).

You'll pay 2 lots of balance transfer fees to do it though.

If the other 'third party' card is 0% then why the need to transfer it back straight away?

How about just applying for a new card that has a long 0% purchase period - to save on all transfer fees (several around that have 15months plus - if thats still not long enough you could then consider a balance transfer at that point of a much lower balance - so a lower fee).

Or how about going for a second card (the one you transfer from first direct to) that has a long 0% balance transfer period (which could be longer than 20months and would only incur 1 transfer fee)