Card with Money Transfer - bad for credit?

breakingbad

Quick question - If I do a money transfer (where I transfer money from my MBNA CC to my current account) in order to pay off a loan at high APR, does it show up on my credit file as a money transfer (in a similar way to cash advances), or does it just look like purchase balance to other lenders?

Reason being, we are due to re-mortgage in July and don't want a money transfer to look bad, I know mortgage lenders look very badly on cash advances.

Thanks!

YorkshireBoy

breakingbad wrote: »

...does it just look like purchase balance to other lenders?

Yes........

20aday

I've taken up two offers from Tesco Bank to transfer money into my current account and it's shown as a purchase balance on a promotional rate on my credit files.

Hasn't caused me any issues in terms of credit.