can you spend now on a credit card with a 0% balance transfer?

GentleGiant_2

Hello,

Can you spend now on a credit card with a 0% balance transfer as any payments go to the highest interest amount?

I am planning on using as BT and then spending and each month paying off the amount spent on the card during the previous month.

Will this work fine?

CLAPTON

of course you are allowed to do this but you will be charged interest on the purchases from the time you make the purchase to the time you make the payment.

normal purchases are interest free if and only if you clear the full balance each and every month; obviously with the 0% BT you are not clearing the balance each and every month

GentleGiant_2

So even if you pay off the say the £500 spent in full you will still be charged interest?

drat....

Rupert_Bear

GentleGiant wrote: »

Hello,

Can you spend now on a credit card with a 0% balance transfer as any payments go to the highest interest amount?

I am planning on using as BT and then spending and each month paying off the amount spent on the card during the previous month.

Will this work fine?

I had a BT with MBNA for 10 months. I then thought I would use for purchases as well. However stupid me did not realise if you do this then you get no interest free period on the purchases and pay from the moment it hits the account.

If anyone doubts this I have kept the emailed from them when I queried it.

CLAPTON

GentleGiant wrote: »

So even if you pay off the say the £500 spent in full you will still be charged interest?

drat....

just get anther CC (virtually any card) for purchases only and pay in full; then you pay no interest