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Multiple balance transfer question
Bam82
Posts: 2 Newbie
in Credit cards
I have 2 cards MBNA and Barclaycard. I had 0% promo on both which has recently expired but currently have an offer for 0% for a year on any transfers made for the whole of this month for both cards. My MBNA card has 900 available with 10000 limit and Barclaycard about 2600 with 5000 limit.
Can I just shuffle the balances to and fro on both cards till the end of the month until the full balances on both cards are on the promo rate? Would there be any rules against this?
There is a 2.6% fee for every transfer but I pay more than that in interest so I think I would still be better off.
Can I just shuffle the balances to and fro on both cards till the end of the month until the full balances on both cards are on the promo rate? Would there be any rules against this?
There is a 2.6% fee for every transfer but I pay more than that in interest so I think I would still be better off.
0
Comments
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Yes, you can do this, but check if there is the min fee for a small BT. In this case avoid small BTs that can cost more than 2.6%.0
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