Vanquis credit card - Cheap Super Balance Transfer 'mule'?

zen135

Hello,

I received a leaflet in the post from Vanquis a few weeks ago advertising that I could carry out a money transfer from my Vanquis credit card to my bank account without incurring any cash advance fees (interest charged from day 1 though).

I called up Vanquis to transfer £2000 to my bank account and then carried out a BT for the £2000 balance to my Barclaycard (0% for 12 months, 2.9% fee) the same day which cleared the Vanquis balance in 2 days.

I had forgotten about my Vanquis card before I received the leaflet and it now turns out that I can now use it now as a mule to convert the normal BT (to credit card) offers on my existing or new credit cards to cheap SBT/loan to my bank account.

I would advise though to do a test run first with a small BT as Vanquis have been known to reject BTs in the past from some cards.

mrtaximan

Hi.I did a BT from Vanquis to Barclaycard Platinum a couple of days ago and all went through ok with no problems.Hope this helps.

Mark B:D