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Do I balance transfer from Aqua to MBNA?

Hi, I need to pay off our family holiday soon and had planned to use my Aqua credit card, however I have just (today) been accepted for an MBNA credit card with 0% on BT for 17 months if I transfer it within 60 days... So does it make sense for me to now pay off my holiday on the Aqua card then as soon as it hits my Aqua account transfer it to MBNA? I'm tempted as it will give me longer to pay it off... Are there any potential pitfalls to look out for?
Also, what's the likelihood that MBNA will not allow the BT? There's a clause in their terms which states they can sometimes refuse a BT and I don't want to be left with a high balance on my Aqua card that I can't transfer as the interest rate is huge!

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes, it makes sense. Although a 0% purchases card would make more sense.

    Small risk the BT will not be processed but no known issues on BTing from aqua.
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