Balance transfers from same car twice ?

Conricho

Hi there.
Recently applied for a Halifax 0% balance transfer credit card. I have transferred my Lloyd's credit card balance to it already. I plan on now paying a loan off with my Lloyd's credit card, and transferring it to the Halifax, therefore having 0% interest on all my debt with it all in one place. The question is can I transfer from my Lloyd's credit card for a second time ? I don't want to pay my loan off and then be stuck with it on the Lloyd's one and not be able to transfer it. I'm still in my 0% transfer period ( only got the card 5 days ago), just didn't know wether I could use the same card to transfer it ?
Many thanks in advance,
Connor

[Deleted User]

Yes.

But how are you planning to pay the loan with your card? Do you have a money transfer option?

Conricho

I'm not sure, I was planning on going into the bank and asking them. Is it not possible to pay off a loan with just a normal credit card ?

grumbler

No. The only way is to withdraw cash from a CC. Then you can transfer the balance to the 0% card, but this will cost you ~3% on the top of the the BT fee.

Superscrooge

You would need a money transfer card where you could transfer money from the card direct to your bank account, rather than just a balance transfer card. Money transfers usually incur a fee around 3%. There may also be early repayment penalties on your loan.

You have shifted your CC debt to 0%. Possibly safest to leave the loan where it is and just pay it off as fast as you can

Ben8282

It will have to be by money transfer or cash withdrawal. There will normally be a 3% fee either way. Remember also that your cash limit will most likely be 50% of your total credit limit on the Lloyds card (mine is). Do you have a money transfer offer on your Lloyds credit card at the moment?
Equally, if you have a money transfer offer on the new card then you could do it directly and avoid a second fee.
In answer to your specific question, yes you can do a BT to the same card more than once.