paying credit card cheque into bank

satan666wayne

Barclaycard have sent me a cheque and it says 0% intrest on new balance transfers for 6 months,

can i just pay this into my bank or will it be treted as a cash advance?

Basically i ordered something from land of leather and got refused credit so i want to use the Barclaycard offer to pay for it.

thanks in advance

grumbler

satan666wayne wrote:

...can i just pay this into my bank or will it be treted as a cash advance?

Usually cheques are treated as cash advances. Read small print or phone them.

smartsaver

Totally agree with Grumbler. I have never heard of Barclaycard being so generous before... The cynic in me thinks there must be a catch....

satan666wayne

the exact wording is

" 0% p.a. intrest on new balance transfers for 6 months.

present the attached barclaycard cheque before 05/05/2005,
and the amount of the cheque , up to £5000, will benefit from
0% p.a. interest for 6 months. A fee applies,min £2 see the enclosed 'balance transfers-how they work' leaflet. "

the fee is 2%

smartsaver

I'd still call and check, plus read the T&C's very carefully. 2% of 5k is £100.00 if my math are correct?

grumbler

satan666wayne wrote:

...A fee applies,min £2 see the enclosed 'balance transfers-how they work' leaflet. "...the fee is 2%

2% is their usual charge for cash withdrawals, balance transfers and cheques.
P.S. Be extremely careful if you have some balance on the card at the moment. It is very likely that in this case your future payments will go towards new 0% balance transfer and you will pay interest on the intitial balance.

satan666wayne

Rang them its ok to pay off my 'overdraft' with it,

I have a nil balance 3k limit but i only need to do £1200

so thats only a £24 fee