Transfer Fee on 0% BT

DaiBach

A quick question guys a gals....

How is the transfer fee on a BT card payable? Lump sum or added on to the interest of the card?

The card in question would be a HSBC card, 3.3% fee.

Many thanks.

Alexd52

DaiBach wrote: »

A quick question guys a gals....

How is the transfer fee on a BT card payable? Lump sum or added on to the interest of the card?

The card in question would be a HSBC card, 3.3% fee.

Many thanks.

The fee is added to the balance at the time of transfer

DaiBach

Alexd52 wrote: »

The fee is added to the balance at the time of transfer

Ah ok thanks. So when making the transfer I must make an allowance for this?

eg.

3500 limit - (3.3%) 115.5 = 3384 approx that I should transfer.

Alexd52

DaiBach wrote: »

Ah ok thanks. So when making the transfer I must make an allowance for this?

eg.

3500 limit - (3.3%) 115.5 = 3384 approx that I should transfer.

Yes you will need to factor the fee in. I recently completed one over the phone and the guy on the line went through it in detail and explained what the actual fee payable was and that it would be added there and then.

YorkshireBoy

DaiBach wrote: »

Ah ok thanks. So when making the transfer I must make an allowance for this?

eg.

3500 limit - (3.3%) 115.5 = 3384 approx that I should transfer.

I've never BTd to an HSBC card, but you may find they have a 90% or 95% maximum BT, even though the fee is only 3.3%.