We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Xfer from one 0% card to another

I want to take advantage of the long 0% card that Barclaycard is offering, as I know I qualify for it. Does it matter that my existing credit card debt is already on a 0% deal (which is about to expire?)

Strongly suspect the answer is no, but just as I was about to do it, it occurred to me that I had never done it this way before and that there could be some restriction on that. Anyway, I'm sure someone here will know :)

thanks!

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Makes no difference.
  • m0rgana
    m0rgana Posts: 132 Forumite
    Thanks Zx81, no idea why I thought it might, but just didn't want hassles! :)
  • zerog
    zerog Posts: 2,478 Forumite
    The other card won't even know it's 0%, the most it can find out is that it's some sort of promotional rate. And repeatedly transferring between 0% cards is the whole point... effectively you add the interest (BT fee) to the balance in advance, while your money then earns it back sitting in a savings aco!!!!, and then you never actually pay it back
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.