Balance transfer classed as cash advance 4 July 2014 at 3:16PM in Stoozing: free cash from credit cards 4 replies 2.5K views

bodnandi

Hi,

Can I do a balance transfer to a card with zero balance so that i take advantage of the my 0% on balance transfer period and have a credit on my second card by the amount of the balance transfer? I could then use this credit for purchases.

Thrugelmir

Be in contravention of the account terms. You may well find your account access suspended.

Stooz

depends on the card, some have T&C's which stop this - they will return the money to the original card.
Some will intergate you for money laundering.
Some actively encouraged positive balances, but I am not aware of a specific card that is of use to you currently.

haycorns

I managed this this week using a barcaly card to create a positive balaance on a tesco card.

Fruit_and_Nut_Case

haritha1234 wrote: »

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