Capital One 18m 0% - balance t/fers

axl_rose_3

I was lucky enough to get one of these cards but you can only transfer balances onto it from other credit cards.

I was wondering whether I could pay off a chuck of my mortgage (effectively a large overdraft a/c) with my Virgin card, then transfer it to my Capital One a/c. i.e. super balance transfer

Does anyone know costs / potential downfall of doing this?


ANy other way of best utilising these 0% deals?

Chadsman

Are you meaning you have a Virgin One account? If the answer is yes then do it straight away... you are losing money waiting

...or if you have the Virgin branded MBNA credit card and a flexible mortgage the answer is yes you can still do it but you must make sure you can repay the CC at the end of the 0% deal.

Either way make sure you set up a direct debit to pay the minimum amount due each month or you will get stung with charges and probably have the 0% deal removed.

Hobo_2

axl ,if you have a Virgin One account mtg just BT to the One account visa card they put credit on this card in the acc the following wed