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Question on balance transfer
Toonsy
Posts: 81 Forumite
in Credit cards
Hi
Basically Barclaycard have just upped my credit on my card which carries a 7.9% APR. This credit increase will now give me room to transfer the remaining balance off a Halifax credit card (29.9% APR) thus reducing my interest liability.
The twist is that Halifax have sent a letter through offering me 0% on BT's for 15 months which is obviously a decent deal to be had. Obviously I need to clear Halifax first as the APR is much higher than Barclays, but my question is could I then transfer a balance back to the Halifax card effectively clearing my Barclaycard meaning that effectively I'm paying no interest for 15 months? Will Halifax get suspicious or put a stop to it?
Basically Barclaycard have just upped my credit on my card which carries a 7.9% APR. This credit increase will now give me room to transfer the remaining balance off a Halifax credit card (29.9% APR) thus reducing my interest liability.
The twist is that Halifax have sent a letter through offering me 0% on BT's for 15 months which is obviously a decent deal to be had. Obviously I need to clear Halifax first as the APR is much higher than Barclays, but my question is could I then transfer a balance back to the Halifax card effectively clearing my Barclaycard meaning that effectively I'm paying no interest for 15 months? Will Halifax get suspicious or put a stop to it?
0
Comments
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Yep, you could do that.0
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