few balance transfer from the same card

blebleble

Can i have help with this example please? Can i transfer £2000 from my LLOYds card to my newly opened 0 percent Barclays credit card? Then once the lloyds credit is cleared, then use that for something, then transfer it to the 0 percent barclays one again? Therefore all my debt is on the new 0 percent Barclays Card. Basically will the new card accept two different transfers from the same card within a few weeks of each other. Many thanks. Anna

Gurranes

Yes that can be done on most cards - they don't just have a 1 BT rule. There might be a fee for each transfer. And you need the credit limit to take the BT.

Does the Barclaycard have 0% offer on purchases? If it does doing the buying on that and save the BT fee.

Health Warning - This is a way to rack up some heavy debt, if you don't have a way of moving that on or paying off from Barclaycard once the 0% offer expires.

thenudeone

Natwest will only allow 1 BT from each card. This rule is unusual.

I've no idea whether Lloyds have the same rule or not.