We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
0% Balance Transfer Credit Card - conncected to debit card?
Options
lishbee86
Posts: 1 Newbie
in Credit cards
Hi
I want to transfer a credit card (nationwide) that has a debt of £1200 to a 0% balance transfer credit card. I also have a current account with nationwide (debit acc) which I want to continue to use. Would this affect the closing of my nationwide credit card account? Apologies I am new to the world of 0% balance transfers! I'm assuming when the balance gets transferred, the old credit card is closed down.
Any advice is greatly appreciated!!
Thanks
I want to transfer a credit card (nationwide) that has a debt of £1200 to a 0% balance transfer credit card. I also have a current account with nationwide (debit acc) which I want to continue to use. Would this affect the closing of my nationwide credit card account? Apologies I am new to the world of 0% balance transfers! I'm assuming when the balance gets transferred, the old credit card is closed down.
Any advice is greatly appreciated!!
Thanks
0
Comments
-
the old card only gets closed if you ask for it to beI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
You are only transferring the debt .... so the card stays open.
I have just transferred the balance from a NW Select card that is coming to the end of it's 0% period .... to a Santander 0% fee free 15 mth balance transfer card ......
It just shows up as a credit payment to the card being transferred from.
:beer:
Mark0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards