Credit card lump sum

ShepherdNoreen · 15 March 2013 at 1:56PM

Hello everyone,

I am currently looking to increase my ovine enterprise substantially and have an initial 5 year plan for which I am looking for around £2000 for the first step.

I am considered using an interest free creditc card for a lump sum as I will be able to pay this over over the 16(ish) months 0% term however the institution I will be paying does not accept credit card payments.

Can anyone tell me is there a way to obtain the 'credit available' as a lump sum from a cc or has anyone got any other suggestions?

I do not want to go down the route of a loan as I am risk sensitive and would also have interest to pay on top of the capital.

All help very welcomed by this MSE forum newbie!

Hominu · 15 March 2013 at 2:02PM

You need to find a CC issuer who will transfer an amount to your current account. Sometimes called a "Super balance transfer". Expect to pay about 4% on the amount borrowed as a fee.