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Using 0% purchase card instead of balance transfer

biged670
biged670 Posts: 408 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Credit cards
Hey all,

Rather than transferring a balance to a 0% balance transfer card, is it possible to instead clear the balance with a 0% purchase card and then clearing the balance off this purchase card within the 0% period?

Isn't it effectively the same thing or are there any restrictions not aware of?

Cheers

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No.

    You could start putting all your purchases on the 0% card and use the money to then start paying off the other card. But you need a BT (or money transfer) card to directly clear the other card.
  • biged670
    biged670 Posts: 408 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Deleted_User wrote: »
    No.
    But you need a BT (or money transfer) card to directly clear the other card.

    Are you not able to pay off a credit card with another credit card?
  • Paully232000
    Paully232000 Posts: 2,108 Forumite
    biged670 wrote: »
    Are you not able to pay off a credit card with another credit card?

    Yes you are, but only through a balance transfer, with a 0% deal or not.
  • biged670
    biged670 Posts: 408 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Paully232000 wrote: »
    Yes you are, but only through a balance transfer, with a 0% deal or not.

    Ok cool, thats something I did not know.
This discussion has been closed.
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