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Virgin mastercard as mule?

mpazza
mpazza Posts: 137 Forumite
in Stoozing: free cash from credit cards
Hi, Can you use a Virgin mastercard as a "mule" I've got a new 12 months offer from LLoydsTSB but have a 0% balance on it for half my credit limit which is due to expire next week. If I use the 0% offer to transfer to my Virgin mastercard to give me a positive balance and then transfer into my current account so I can pay off Lloyds, will Virgin allow this and if so will they charge for it?
I miss my egg card!!

Thanks

Comments

  • Good_Fairy_2
    Good_Fairy_2 Posts: 3 Newbie
    I would think this would work.
  • guesswho2000
    guesswho2000 Posts: 1,703 Forumite
    Name Dropper Part of the Furniture Uniform Washer First Post
    Nope, it's against the T&Cs of the card. It may work, but they may also block your card pending money laundering checks or similar.

    Better option would be to transfer the money from Virgin to current account first (as that card permits money transfers), thereby creating a debt, then BTing the "debt" to the LTSB card.
This discussion has been closed.
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