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!
Virgins super balance transfer Card
chrisfreelander54
Posts: 448 Forumite
in Credit cards
Morning all,
I have been accepted by Virgin for their 0% card :j.
I am using it to turn some of my debt into 0%, as I didn't know my limit until I was accepted I said I would like to have £2500.00 as my amount transfer, which is just one of my loans.
The thing is now that I have been accepted, Virgin have offered my £4400.00, so I would like to send all the amount from the card to my bank, is it possible when the card turns up that I can do do this?
I know that I will incur another 4% fee but not to fussed a s long term I will save more in interest on a couple of the loans and at the same time reduce the term.
Regards
Chris.
I have been accepted by Virgin for their 0% card :j.
I am using it to turn some of my debt into 0%, as I didn't know my limit until I was accepted I said I would like to have £2500.00 as my amount transfer, which is just one of my loans.
The thing is now that I have been accepted, Virgin have offered my £4400.00, so I would like to send all the amount from the card to my bank, is it possible when the card turns up that I can do do this?
I know that I will incur another 4% fee but not to fussed a s long term I will save more in interest on a couple of the loans and at the same time reduce the term.
Regards
Chris.
YNAB is my new best friend. 
0
Comments
-
The answer to your question is yes.
However, they'll limit the amount to 95% of your credit limit. This figure may or may not include the 4% fee, but at least you'll be able to transfer over 90%.0 -
YorkshireBoy wrote: »The answer to your question is yes.
However, they'll limit the amount to 95% of your credit limit. This figure may or may not include the 4% fee, but at least you'll be able to transfer over 90%.
:T thankyouYNAB is my new best friend.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.1K Banking & Borrowing
- 254K Reduce Debt & Boost Income
- 454.9K Spending & Discounts
- 246.2K Work, Benefits & Business
- 602.4K Mortgages, Homes & Bills
- 177.9K Life & Family
- 260.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards