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Balance transfer multiple times
stressedbrian
Posts: 37 Forumite
Hi folks, we have a barclaycard and an m&s card.
The m&s card is new and has 0% on purchases and balance transfers for 18months.
The barclaycard has several £k on it at a rate of 10% APR.
barclaycard have just offered us 0% on balance transfers until October.
Can I transfer the bcard balance to the m&s card then back again to get the benefit of 0% (want to keep the M&S card clear for 0% purchases)?
ps sorry 's' dropped in title!
The m&s card is new and has 0% on purchases and balance transfers for 18months.
The barclaycard has several £k on it at a rate of 10% APR.
barclaycard have just offered us 0% on balance transfers until October.
Can I transfer the bcard balance to the m&s card then back again to get the benefit of 0% (want to keep the M&S card clear for 0% purchases)?
ps sorry 's' dropped in title!
0
Comments
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Yes. But whether it's worth two lots of fees is debatable. If you pay if off within a year, then it won't be much different to paying the 10% APR.0
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Yes you can do this.I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0
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Yes, you can...
You can edit the title if you wish.0 -
thanks got the title edit under advanced!
thanks for that, I won't be paying it off fully until next year so probably worth it!0
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