Balance transfer help

ratrace

Hi all, hope everyone is having a great weekend


Right so I received my santander credit card which has a limit of £2500 0% on BT's for 23 months
I also have a tesco credit card with around £1800 worth of debt on it which ends in a couple of months


Im going to do a balance transfer from the tesco card to the new santander card, once the transfer is complete the tesco credit card will have 0 debt on it ie: clear


My question is that I have paid for my car insurance on the card for the full year but im going to cancel the the car insurance in a few weeks when the car is sold and the car wont be replaced for a while as I have use of another car, so what happens to the refund I get back (around £400) does it go back on my tesco credit card even though the balance is 0 and from what I know credit cards can not have a positive balance


or do I just give them the new card number to make a refund to or do they send out a cheque instead , ive never had to this before a little confused


can any of you folks help.....

grumbler

ratrace wrote: »

.....so what happens to the refund I get back (around £400) does it go back on my tesco credit card even though the balance is 0

Yes

and from what I know credit cards can not have a positive balance

They can. You are just not allowed to put them in credit deliberately.

or do I just give them the new card number to make a refund to or do they send out a cheque instead ,

You can try.