0% on Balance Transfers

[simon]

Looking at a Credit card which has 0% Balance Transfers for 16 months.

Can i manage a credit card via online banking ?

does 0% Balance Transfer mean there is no interest if i transfer money from the credit card to my current account or to a company to pay a bill online / over the phone ??

stalkah

Most have online banking.

Look at the terms and conditions most say a balance transfer from another credit or store card. So transferring to your bank wouldn't be allowed and a payment on a bill would classified as a purchase.

Don't forget also it's interest free but they may still be a transfer fee.

[simon]

Thank you very much for the reply

MallyGirl

to transfer money to a current account you need a super balance transfer card - there are only a couple and their fee for the transfer is higher than a normal transfer to pay off another card

wirelessapple

MallyGirl wrote: »

to transfer money to a current account you need a super balance transfer card - there are only a couple and their fee for the transfer is higher than a normal transfer to pay off another card

Just want to share one of my experience with an example where i got cash by using BTF.
I had a balance of £1000 on a card, took a new card and paid £1500 instead of £1000 so my card went into -£500 credit. I asked my bank as i had paid more then my bill so they sent me a cheque of £500.

Offcourse this way manage to get money to account but on a lower rate.