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Is it possible to switch credit card to 0% with current bank or do I have to switch?
HannahA24
Posts: 2 Newbie
in Credit cards
I currently have around £2500 on a Barclays credit card and the 0% period has now run out, it is possible to ask my current bank to switch to 0% or do I have to switch to another bank?
0
Comments
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Do you mean will Barclays allow you to transfer your current 0% to another 0% card with them?
No - Barclays won’t make any money out of you. They make money from people reverting to standard rate and not switching.0 -
Yes that’s what I meant. I keep recieving letters from Barclays offering balance transfers to a 0% card but I am assuming this means from another credit card company? So I could switch my current Barclays debt to one of these offers?0
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You need to look for a 0% BT deal elsewhere or pay off ASAP.I’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 -
Yes that’s what I meant. I keep recieving letters from Barclays offering balance transfers to a 0% card but I am assuming this means from another credit card company? So I could switch my current Barclays debt to one of these offers?
Have they offered you a money transfer as well?
If so, you could take that and then pay off the current balance leaving you with just the money transfer (and fee) to pay off.0
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