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Help with balance transfer please!
MrUniveristy
Posts: 45 Forumite
in Credit cards
Hi, I have a Tesco credit card with £5500 on at the moment with remaining 0% interest on balance transfers.
£5100 is on 0% for 30 months remaining,
£400 is cash advance
I have a Nationwide creditcard with £0 on.
My question is,
Can I transfer £400 cash advance to nationwide, then transfer it back to Tesco to get it back on 0% interest?
Will this save me money, and can I do it? Will the BT clear cash advance first?
Cheers,
£5100 is on 0% for 30 months remaining,
£400 is cash advance
I have a Nationwide creditcard with £0 on.
My question is,
Can I transfer £400 cash advance to nationwide, then transfer it back to Tesco to get it back on 0% interest?
Will this save me money, and can I do it? Will the BT clear cash advance first?
Cheers,
0
Comments
-
The BT will clear the higher rate balance.
Whether it will save you money depends on fees, the interest rates and length of time to clear.0
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