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Pay off card..reward?

1965dentist
Posts: 2 Newbie
in Credit cards
I am lucky enough to be able to pay off my credit card bill of £15k in one go. How can I get maximum reward for this. Am currently with virgin. Can anyone suggest a balance transfer to another card, that when I pay it off in full straight away, that I can get maximum reward for doing so.
Thanks
Thanks
0
Comments
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Doing a balance transfer will cost you money. There is never a "reward" for paying off an outstanding balance beyond no longer paying interest on the debt.
The only way balance transferring would help is if you put it into an interest free card and then stick the money into savings for 2 years. Given current savings interest rates and chances of getting that size of limit, not worth it my opinion0
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