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BOS CC balance transfer for existing customers
davidbryce
Posts: 7 Forumite
in Credit cards
Hello, I was looking at my online account and beside my credit card it has a balance transfer tab. After clicking on it it brought me to a screen which said this:
Your balance transfer summary
Annual rate (p.a.):0%
Term:15 months
Fee:3%
Can i just double check that this means i can transfer a balance from another CC to this one and wont be charged interest for 15 months, with just the 3% fee of the amount added to the transfer? Also, if i have money already on the CC what does that mean for the interest being charged for the existing money on the card and the interest free transfer?
Thanks
Your balance transfer summary
Annual rate (p.a.):0%
Term:15 months
Fee:3%
Can i just double check that this means i can transfer a balance from another CC to this one and wont be charged interest for 15 months, with just the 3% fee of the amount added to the transfer? Also, if i have money already on the CC what does that mean for the interest being charged for the existing money on the card and the interest free transfer?
Thanks
0
Comments
-
You'll continue to pay interest at the standard rate on your current balance, but the BT'd balance would be a 0% for 15 months.0
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Before going any further just check the offer date - I had the same offer and the end date is 29th so be quick. I guess it may differ for each account though.
The promo rate won't change your current balance and any future payments should be deducted against the highest interest first.0 -
for new customers they are discounting the 3% fee to 1.5% so it would be worth checking if you can get that dealI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0
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