Cash balance transfer

Ammeretto

Hi
i was looking for a little advice please.

i have several credits cards that we are paying down.
My barc card has some of the balance at 0% and some at 15.9% (about 4.5k)

now they are offering a 0% to sep 17 cash balance transfer with a 2.9% fee.

all my remaining cards are at 0%

My question is can i take the offer and take 3k cash (at a cost £87) and then pay the money straight back onto the credit card.
So essentially shifting £3k of my £4.5k interest balance to 0%

Will Barc card let me do it? or would it be better to do the transfer one month and pay it back the following?

thanks

[Deleted User]

Yes, if you have the limit.

grumbler

... and if you don't, this can possibly be done in several steps.

Ammeretto

thanks for the help. I wasn't sure if they would be funny about it.

i have just checked and i have £4.7k on 15.9% and they have stated i have £3970 available to BT

so i think i will just do the £3970 - OH is due some overtime next month of about 500 which can clear the rest.

Westie983

I did just this,

I had £2500 due to finish 03/05/16, I was given a offer £3500 of 0% MT for 2% fee, so I transferred it to my bank account then paid back the £2500, and now its not due to finish till May 2018...

I now only have two BT left on my Barclaycard rather then the 3 I had, I am now just waiting for any more offers to appear as my balance is only 40% of the credit limit.