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Balance transfer out and back?! Pls Help!
engima27
Posts: 2 Newbie
in Credit cards
HI
Any help much appreciated!
Currently have £xxx on Barclaycard. I have an offer from Barclaycard for 0% balance transfer.
My question is this....
I have another CC with no balance currently so, can I be sneaky, and move the Barclaycard debt across to the other CC then BACK to Barclaycard to take advantage of the 0%? (my other CC has no deals so its not worth leaving it over there)
I know there will be transfer fee for moving to the other CC and back to Barclaycard, but, in the long run, this will still be cheaper than the current Barclay interest rate.
Does this make sense?
Any help much appreciated!
Thanks
Engima
Any help much appreciated!
Currently have £xxx on Barclaycard. I have an offer from Barclaycard for 0% balance transfer.
My question is this....
I have another CC with no balance currently so, can I be sneaky, and move the Barclaycard debt across to the other CC then BACK to Barclaycard to take advantage of the 0%? (my other CC has no deals so its not worth leaving it over there)
I know there will be transfer fee for moving to the other CC and back to Barclaycard, but, in the long run, this will still be cheaper than the current Barclay interest rate.
Does this make sense?
Any help much appreciated!
Thanks
Engima
0
Comments
-
This does make sense, and yes, you can do this.0
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