Thinking of getting a balance transfer credit card

Kingston5

Hi all,

Any help would be much appreciated.

I've got a capital one credit card, with a new bill just about to come through.

If I was to switch to a balance transfer credit card with an interest-free period, could I take out a couple of hundred pounds cash, and then the fee for doing that would just be added onto the new credit card?

Thanks

CLAPTON

Kingston5 wrote: »

Hi all,

Any help would be much appreciated.

I've got a capital one credit card, with a new bill just about to come through.

If I was to switch to a balance transfer credit card with an interest-free period, could I take out a couple of hundred pounds cash, and then the fee for doing that would just be added onto the new credit card?

Thanks

if you take out cash on your capital CC then you will be charged fees and interest tot he card


if you subsequently BT to a new card with 0% then you would pay a BT fee but pay no further interest until the )% deal runs out.

grumbler

Kingston5 wrote: »

If I was to switch to a balance transfer credit card with an interest-free period, could I take out a couple of hundred pounds cash, and then the fee for doing that would just be added onto the new credit card?

??
If you mean withdrawing from the old card, then the fee and the interest will be added to the balance of the old card.
Then the balance will be transferred to the new card.

I hope you didn't mean withdrawing cash from the new card.