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Can I do this transfer?
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floralaura
Posts: 342 Forumite
in Credit cards
I have a barclaycard with £605 on it, I pay £7 a month in purchase interest and 0% on balance transfer I did to it.
I dont want to be paying the £7 a month cause I am tight lol, can i transfer the balance over to my vanquis card, then transfer it back to get 0% balance transfer deal on the lot?
I dont want to be paying the £7 a month cause I am tight lol, can i transfer the balance over to my vanquis card, then transfer it back to get 0% balance transfer deal on the lot?

She has the loaded handbag of someone who camps out and seldom goes home, or who imagines life must be full of emergencies..
0
Comments
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I didn't think Vanquis offered balance transfers? How much would their fee be?
Do you have any 'deals' on your Barclaycard for balance transfers or money transfers? That is the first thing you need to check. If you log into your account and click on 'Transfers & Offers' it will show up any offers there.I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0 -
Ahh yes, i didnt think about that-Vanquis would charge to transfer to them..I do have a nationwide 0% card but only £452 remaining credit on that as OH is using it as he couldnt get a 0% card. Will have to see what Vanquis would charge and then figure out what it will charge in fees to do it and see if that will work out more than my £7 a month.
My Barclaycard has
0% Until 1 May 2017
0.4% fee applies 31 May 2016
Which will end today so no use really-then
0% Until 1 September 2017
2.4% fee applies 30 Jun 2016
then
0% Until 1 August 2017
2.9% fee applies 31 May 2016She has the loaded handbag of someone who camps out and seldom goes home, or who imagines life must be full of emergencies..0
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