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Balance transfer a money-transfer balance?
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jamesallen
Posts: 246 Forumite
Hi all,
Quick question that you wise stoozers will hopefully be able to help me with!
Basically, I just want to confirm whether I can transfer a balance built up by money transfer to another card and have it treated just like any other balance transfer. I.e. if I have a card with £4000 balance because of 0% money transfer and £1000 from 0% purchases, once the 0% offer expires can I transfer that balance to another card no problem?
Or will the new 0% card somehow detect that some of the old balance relates to a money transfer and charge interest on the £4000 (in the same way that cash withdrawals are treated differently from purchases)?
Thanks!
Quick question that you wise stoozers will hopefully be able to help me with!
Basically, I just want to confirm whether I can transfer a balance built up by money transfer to another card and have it treated just like any other balance transfer. I.e. if I have a card with £4000 balance because of 0% money transfer and £1000 from 0% purchases, once the 0% offer expires can I transfer that balance to another card no problem?
Or will the new 0% card somehow detect that some of the old balance relates to a money transfer and charge interest on the £4000 (in the same way that cash withdrawals are treated differently from purchases)?
Thanks!
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once it is a balance it doesn't matter how it got thereI’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
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