Shuffling again.......

docb

Hello All
I currently have a virgin card and a barclaycard, Virgin with 4k (limit 14k), and a barclaycard with 4.5k (limit 7k)
the Virgin has been off its 0% for 3 months now, the barclaycard is to come off its 0% in July.
As they have both offered me a 0% for 6 months on transfers, i was planning on shifting the 4.5k from BC to Virgin, then balance transfer 4k from Virgin the BC.
would this work? i am guessing as the offset rules pay off the interest element first, that the second transfer of 4k from Virgin to BC will leave the 4.5k of transfer at 0% on the virgin?
Do i need to leave a time lapse between the 2 transfers, or could they be done on the same day?

thanks in advance

Doc

Donki

You will have no trouble switching the 2 around but remmeber you will have a fee added for a BT, usually around 3% you will be charged about £255 for doing this. I would do the BC transfer to V first then the V to BC after. Would you not concider a loan and get rid of the cards completely, or are you confident in bringing the balance on the both down?

docb

thanks Donki
i would prefer to keep rolling them around on 0%, if possible.

thnaks for the reply

much appreciated

Doc