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spending on a purchace card after clearing it with a balance transfer card
mlloyd2000
Posts: 1 Newbie
in Credit cards
I've got a tesco 18 month 0% on purchaces card with £1500 limit and around 12 months left on the deal, A lloyds card with no deal and £1500 limit, both cards are near their limits, I've also got an overdraft of around £2000
I've just been accepted for a barclay platinum 0% balance transfer card with a £6500 limit.
I intend on transfering the lloyds card balance to the barclays one and closing the card
my question is, if i transfer the balance of the tesco card to the barclays, can i then use the tesco card for 0% purchaces for the remainder of the promo period, so that my wages can pay the same amount off from my overdraft?
or will the tesco 0% purchace deal end when i transfer its balance to the new barclay card, or is this just a big no no, and will screw up my credit rating?
I've just been accepted for a barclay platinum 0% balance transfer card with a £6500 limit.
I intend on transfering the lloyds card balance to the barclays one and closing the card
my question is, if i transfer the balance of the tesco card to the barclays, can i then use the tesco card for 0% purchaces for the remainder of the promo period, so that my wages can pay the same amount off from my overdraft?
or will the tesco 0% purchace deal end when i transfer its balance to the new barclay card, or is this just a big no no, and will screw up my credit rating?
0
Comments
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You can continue to use it at 0%.“You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”0
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As above, you won't lose the 0% on the Tesco purchases card by balance transferring from it. But... You may run the risk of Tesco lowering your credit limit on it following the transfer of the balance.0
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