Cash Transfer: Jumped too quickly

fionamacd

I'm wondering if anyone has any suggestions... Saw a car I wanted and arranged a cash transfer to my debit card account. It transpires I have only until September 2018 to pay off the transfer on 0%, not 2019 as I'd thought. Any suggestions for extending that year of 0%, given that it's sitting in a debit card account? Thanks

stevenhp1987

So you currently have money sat on a credit card @ 0% until September 2018 and you want to extend it to 2019?

I'd say that nearer the time you get another 0% balance transfer card (with another provider) and transfer it over again, thus extending the time?

fionamacd

No, annoyingly I have it sitting in a debit account, not a current account... It was a stupid mistake and I wondered if there was any other way round it...

SnowTiger

fionamacd wrote: »

No, annoyingly I have it sitting in a debit account, not a current account... It was a stupid mistake and I wondered if there was any other way round it...

Isn't the debit card attached to your current account?

Two options:

buy the car and hope you can get a 0%APR balance transfer card sometime around the middle of 2018. Then transfer the balance from your current credit card to the new one. You will typically have to pay a balance transfer fee of up to 3%.

or:

pay off the balance on the credit card with the money in your debit card (current) account and try to get a better money transfer deal elsewhere.

A third option might be to get a car you can more easily afford.