Balance Transfer Query

SammenForLivet2

Hello,

I've got a promotional offer, offering 0% for 24 months (M&S) and a 2.99% fee, on one of my cards, which I already have.

I currently have £1000 on the card, which is on 0%, expiring in October. I've also got another offer from another provider, at 7.9% with No Fee (Nationwide)

Could I do a transfer from my M&S card onto my Nationwide card (balance: £2000) and then transfer all of the balance on my Nationwide card back to M&S at 0%.

Do you think M&S will let me and know what I'm doing?

grumbler

I don't see any problems if your credit limit at M&C is £3.4K+

Cell

All's fair in love and balance transfers!

Go for it.

bigadaj

Two lots of fess though presumably.

chattychappy

Yep. I did exactly the same thing via an offer from Nationwide. In my case Nationwide was offering 4.9% APR, no fee. The balance was with them for less than 2 weeks!

But given the M&S fee and your rate on Nationwide, leave on Nationwide anything you can pay back over the 4 months. (Perhaps not if you use Nationwide for day-to-day purchases and you pay off in full each month. Then it comes down to specifics.)