0% once, Once % twice, gone

rafhelp

Once you transfer money via balance transfer on 0% say for 15months. Is that offer then gone.

e.g after 3 months you pay off the full amount, can you still transfer money over (as you may still have several months 0% off from the original offer)

I asked at Lloyds bank and they said it doesnt work like this.

I think banks think stoozing is bad or look at it like your trying to do something dodgy, when it isnt, its not like were robbing the bank.

On a serious not, the 0% balance transfer is valid within 30 days of getting card activated, but surely you should be allowed to transfer over as many times as you want within that 15 months free (0%) period,no?

jonesMUFCforever

You can apply for more than one card?
Stick to the rules and you can make money.

rafhelp

jonesMUFCforever wrote: »

You can apply for more than one card?
Stick to the rules and you can make money.

can you? lloyds said no

Tixy

Some cards offer 0% balance transfer deals for the whole of the promotional period, but many only have a 60day window to do the transfers.

Whatever the terms of the deals they will be clearly explained in the summary box/ T&Cs of the particular account/deal. Those are the terms that apply.

Generally when people are stoozing they won't have actually repaid the money within, say, 3months though, as the better profits from stoozing are by repaying as slowly as possible.

Thrugelmir

rafhelp wrote: »

On a serious not, the 0% balance transfer is valid within 30 days of getting card activated, but surely you should be allowed to transfer over as many times as you want within that 15 months free (0%) period,no?

To what end though? As what you suggest would simply enable people to juggle their debts without the necessity to actual repay them.

A fee on every transfer would also make what you suggest rather unappealing to.