Virgin cash advance shuffle

GreenMan

Hi there

I was wondering if anyone knew why I wouldn't be able to do the following cash advance 'shuffle'? My apologies if this has been discussed recently.

I have one or two 0% cash advance balances on my virgin credit card with different end dates for the 0% deal.

There is still a fair bit of room on the credit limit so is there any reason why I cannot get a new cash advance and then pay it back to the credit card paying off the balance with the nearer cash advance 0% deal deadline and effectively bumping back the date that this 0% deal finishes? The order of payments means each balance is paid off in order from the first taken out to the last.

thanks

GM

chattychappy

0% cash advance deals? Not heard of that one.. (or do you mean they are offering you 0% on transfers to your current account).

Anyway, yep. No reason why you can't do that and it might well make sense. But do factor in any fee - if, say, the fee is 4% and your APR is 26% (about 2%/month), then don't do it in respect of anything you can pay back over the next 2 months.