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Cash I do balance transfer to a Cashback card & get cashback?
Shummers
Posts: 2 Newbie
in Credit cards
I have a debt of £2.5K on one card which is coming to the end of a 0% interest period.
I have the money in the bank ready to pay it off but an looking for the best way to do this, where I could benefit from a cashback offer.
If I take out a new cashback card, one which is offering a good cashback rate in the first 3 months, can I use this to pay off the £2.5K off the old card, get my cashback on the transaction, and then pay off the new card from my bank account?
Is this possible?
I have the money in the bank ready to pay it off but an looking for the best way to do this, where I could benefit from a cashback offer.
If I take out a new cashback card, one which is offering a good cashback rate in the first 3 months, can I use this to pay off the £2.5K off the old card, get my cashback on the transaction, and then pay off the new card from my bank account?
Is this possible?
0
Comments
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No. You won't get cashback on a BT.0
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one would need to read the T&Cs of the particular card
but normally you can't 'pay off' one card with another although you can do a balance transfer.
However a BT will normally cost 3-4% and it wouldn't count as a purchase ands so no cashback.EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
Thanks, seemed too good to be true thinking about it!0
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