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Balance transfer a money-transfer balance?
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
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