removing a balance to put back on at 0%

dcoleman5

Hi everyone,
Im sorry if i have posted this in the wrong section but its my first time,

My dilema is this, i have a balance on a card that is running a really good 0% balance transfer. I want to move the balance off the card to another card then put it back so the whole amount i pay off will be on a 0% basis.

I pay the minimum payment plus extra so i figure that this way i will end up paying the balance back quicker?

It does however seem to good to be true (the skeptic in me)

Has anyone done this before and if so have any advise basically could anything go wrong

Thankyou

BugsyBrowne

You have to pay to Transfer fee you know which will charge you twice.

That's if I've read the post correctly

grumbler

dcoleman5 wrote: »

My dilema is this, i have a balance on a card that is running a really good 0% balance transfer. I want to move the balance off the card to another card then put it back so the whole amount i pay off will be on a 0% basis.

No problems except paying the BT fee twice.

I pay the minimum payment plus extra so i figure that this way i will end up paying the balance back quicker?

Of course, but it doesn't make much sense to pay more while the balance is at 0%. Pay just a little more to avoid negative impact on your credit file and keep all "extra" in a saving account until 0% expires.

BTW, I don't see any dilemma here (i.e. "a situation that requires a choice between options").