mbna money transfer

pookiefk1

I have a virgin cc with 0% and a balance of about £4000 0% till next year
Barclaycard 0% about £1500
First Direct 0% till next year
Mbna card with 3 different balances and time scales but they were all 0%


MBNA Card - 2 of these 0% offers have come to an end and I have no other cards to transfer it on to for more 0%
MBNA are offering me a money transfer to my bank account for 0% till may/june next year so what I was wondering was I have enough available balance to transfer the amount to my account and then pay of the card so it is 0% again?


hopefully that makes sense and you guys can help me.

Superscrooge

I think that would work. But don't forget you will incur a money transfer fee?

pookiefk1

yeah I knew I would have that but thought it may be better in the long run xx

logie48

Another option, if viable, why not take out another balance transfer card?

I'm guessing the transfer fee with MBNA will be around 3% ish?, so may be cheaper if you get a new 24 month 0% for a low, or no fee BT card.