How to use balance transfer credit card?

fullmoon_2

Hello everyone,
Never done this before. Applied for Tesco NO FEE balance transfer card and accepted. £6800 balance transfer allowed in 90 days for 21 months.

I have 2 credit cards ATM. Santander 0% purchase coming to end in May. Balance £3300. So can I BT from Santander to Tesco before the 0% end?

The other CC, Nationwide has no offer.

How can I use the rest of Tesco BT CC of £3500 as it has no purchase offer? Can I spend upto £3300 from Nationwide CC and after a month or two when the bill will be generated BT to Tesco CC?

Thanks in advance.

grumbler

Yes to all your questions.

Ebe_Scrooge

fullmoon wrote: »

Hello everyone,
Never done this before. Applied for Tesco NO FEE balance transfer card and accepted. £6800 balance transfer allowed in 90 days for 21 months.

I have 2 credit cards ATM. Santander 0% purchase coming to end in May. Balance £3300. So can I BT from Santander to Tesco before the 0% end? Yes.

The other CC, Nationwide has no offer.

How can I use the rest of Tesco BT CC of £3500 as it has no purchase offer? Can I spend upto £3300 from Nationwide CC and after a month or two when the bill will be generated BT to Tesco CC? Yes, as long as you transfer within the time period you're allowed to.

Thanks in advance.

My thoughts above. The usual caveats apply - make damned sure to pay at least the minimum every month, miss a payment and you'll revert to their standard APR (DD is the safest way). And have plans in place to pay off the full balance when the 0% deal ends - you may be able to transfer to another 0% card, but you can't guarantee you'll be accepted.