Is this 0% credit card trick legal?

To avoid a money transfer fee from a 0% purchase credit card. Can I use a 0% purchase credit card and make a purchase through a streamline machine. Then have the money refunded to a current account debit card? There by moving the money without incurring a money transfer fee.

The reason I ask as I want to use the free cash to offset my mortgage. Is this a clever trick or an illegal one?

Should I just go for an MBNA money transfer card? Is there another way I can get some free cash to offset my mortgage?

Thank you kindly in advance.


  • Thrugelmir
    Thrugelmir Forumite Posts: 89,546
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If this was possible don't you think that everybody would be doing it. Credit cards have been around a very long time.
  • Skinnylatte
    Skinnylatte Forumite Posts: 1,243
    Part of the Furniture 1,000 Posts Debt-free and Proud! Home Insurance Hacker!
    Why isn't this possible?
    Pay off Car Loan £17,047 £10580 by Christmas 2022

    Mortgage 1 @ 23/03/2019 [STRIKE]£101297[/STRIKE]
    £84457 16.6% DI [STRIKE]£6.95[/STRIKE] £6.15
    Mortgage 2 @ 12/04/2015 [STRIKE]£136121[/STRIKE]
    £100,546 26.1
    % DI [STRIKE]£9.13[/STRIKE] £6.07
    1st LBM 02/06/2013 £[STRIKE]21595[/STRIKE] Debt Free Day 27/03/2015

  • nobbysn*ts
    nobbysn*ts Forumite Posts: 1,176
    1,000 Posts Combo Breaker
    It's not illegal as far as I've aware. But it's more likely the retailer will ask you to use the card you made the purchase with, as they wouldn't get their fees refunded otherwise. The question is, would they notice if you didn't, or would the software block the refund?
  • Stooz
    Stooz Forumite Posts: 11 Forumite
    the streamline machine will probably class it as a cash advance, not a purchase from a retailer. In which case you wont get 0% but a much larger instant interest rate.
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