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Balance transfer back and forth?

Laurendo
Posts: 18 Forumite
in Credit cards
I've Googled this to death but am still unsure. Therefore apologies if this is an obvious question.
Can you transfer a balance from one card to another and back again?
Eg almost a year ago we paid £750 car insurance on a barclaycard and transferred this to an MBNA card to take advantage of the MBNA 0% balance transfer offer. That balance is almost paid off but we need to make another large insurance payment as have purchased a second car. Can I purchase the policy on the MBNA card, then transfer that new card balance onto the barclaycard which now has a decent 0% offer on it. Or will it be a problem that we have previously transferred the barclaycard balance onto the MBNA card and we are essentially transferring debt back?
I can't see why it would be a problem but want to be sure as may change how we buy the policy if we can't.
Thanks in advance.
Can you transfer a balance from one card to another and back again?
Eg almost a year ago we paid £750 car insurance on a barclaycard and transferred this to an MBNA card to take advantage of the MBNA 0% balance transfer offer. That balance is almost paid off but we need to make another large insurance payment as have purchased a second car. Can I purchase the policy on the MBNA card, then transfer that new card balance onto the barclaycard which now has a decent 0% offer on it. Or will it be a problem that we have previously transferred the barclaycard balance onto the MBNA card and we are essentially transferring debt back?
I can't see why it would be a problem but want to be sure as may change how we buy the policy if we can't.
Thanks in advance.
0
Comments
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No, that's fine.0
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yeh, that's cool if BC are offering you a decent dealI’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy 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.
If you can't be the best -
Just be better than you were yesterday.0 -
Awesome, thank you0
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Done that myself several times.
Other than the fee it's good way to save money0
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