Purchase or balance transfer

Paulmancave

This may be a stupid question or clever.

I've just got a 0% purchase CC and seeing how they, Tesco, have given me an initial £3800 to use I thought I might pay my hated Argos card off using this credit card.

But, does paying the Argos card constitute a purchase? Or would it be seen as a balance transfer? Am I over thinking this?

Cheers all.

terryw

Balance transfer

grumbler

terryw wrote: »

Balance transfer

Sure?
If it's a store card, that accepts CC payments, then it's a purchase.

Paulmancave

I can use the CC as a payment option, but I'm wondering if there is something in the system that would flag it as a transfer (as technically it is). Or do balance transfers only relate to other CCs?

YorkshireBoy

Paulmancave wrote: »

I can use the CC as a payment option, but I'm wondering if there is something in the system that would flag it as a transfer (as technically it is). Or do balance transfers only relate to other CCs?

You'd need to ask whoever provides the Argos card these days what merchant category code (MCC) they'd apply to the transaction.


As far as I remember, you can't actually balance transfer an Argos store card debt conventionally to a credit card since the Argos card's "long number" doesn't have the traditional 16 digits. Perhaps you could check?


So in summary it'll either be a purchase or a cash transaction (but, if allowed, my money's on it being classed as a purchase transaction).

20aday

I'm not sure how the OP is going to make a payment to their Argos Card from their Tesco credit card because they only seemingly accept Debit Cards (online, at least.)

According to their website the service is provided by Home Retail Group Card Services Ltd.