We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Unemployed, want to transfer balance

Will I be able to transfer my credit card balance to say for example Tesco Bank at 0% for 22 months, considering that I am unemployed?

Comments

  • Eonel
    Eonel Posts: 451 Forumite
    You will have difficulty getting a new Tesco credit card if you are unemployed. They will look at your salary/debt ratio as well as your affordability to repay debt - both of these are affected badly by being unemployed.

    If you already have a Tesco card with 0% offer then unemployment should not prevent you from making a balance transfer. It is not entirely clear from your post whether you do already have the card or not.
  • As above, pretty unlikely as you're unemployed, so they would feel that you wouldn't be able to repay them.

    Out of interest, are you keeping up with repayments on your current card?
  • Trolls are out again.....
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Gaby wrote: »
    Will I be able to transfer my credit card balance to say for example Tesco Bank at 0% for 22 months, considering that I am unemployed?

    Absolutely. Any lender will snap your hand off.
  • They will also give you a 20k limit at 0% apr for your whole lifetime....
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.