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Spending or balance transfer?

94 Posts
Hey all,
Have been reading the stoozing article over the last week or so and am starting to understand it!
One question that cropped up that I couldn't find the answer for (note that I only have an AMex for the cashback and a CC for using abroad, I have no credit card debt, so they have been somewhat unused by me):
Why does the guide only mention spending on a card? Couldn't you get a credit card with a 0% balance transfer, transfer the money on the CC into a decent account?
I hope my question was clear enough!
Chris
Have been reading the stoozing article over the last week or so and am starting to understand it!
One question that cropped up that I couldn't find the answer for (note that I only have an AMex for the cashback and a CC for using abroad, I have no credit card debt, so they have been somewhat unused by me):
Why does the guide only mention spending on a card? Couldn't you get a credit card with a 0% balance transfer, transfer the money on the CC into a decent account?
I hope my question was clear enough!
Chris
0
This discussion has been closed.
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Replies
http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs
I suppose my next question is, is it beneficial to be doing this? Or do the fees negate any reward?
Regards,
Chris
Hope this helps.
Forgive my ignorance (I just want to have everything straight in my head before going any further!), is a money transfer and a balance transfer different?
I have found numerous websites with information, but they all have too much!
Hi HappyM
Which credit card are you using to to accept the transfer and then transfer ti to your current account ?
If you want any sensible replies, your question really should be more specific and more intelligible.