We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Balance Transfer Question

Hi all,
As title suggests a quick question about balance transfer, if I was to transfer my current credit card balance to another provider for the interest free credit period (which would help a lot toward paying it off), would I then be able to swap again after the interest free period ends, or is there a sanction on the amount of times you can transfer your balance avoiding high interest fees ?.
Any help appreciated.


Andy
2018 wins - Brabantia Bo Pedal Bin £125.00

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You can BT endlessly, assuming you have somewhere to BT to.
  • Dobbibill
    Dobbibill Posts: 4,158 Ambassador
    Tenth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper
    As long as you are eligible for BT cards/offers you can do it as often as you need to.

    Remember to factor in the fee each time. The more you move it, the more fees you may end up paying.
    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.
  • Superscrooge
    Superscrooge Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Also you can't balance transfer between cards from the same organisation.
    eg. You can't transfer from one Barclaycard to another Barclaycard
  • JC1981
    JC1981 Posts: 1 Newbie
    Third Anniversary
    Hi,

    I am new to these forums - hopefully I am doing this right...

    Can I balance transfer a barclycard to Virgin card then use the barclycard to buy something and transfer it a second time to the same Virgin card make the most of balance transfer?

    Also same question for transferring barclaycard to mbna?

    Thanks.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes, assuming you have the available credit and are within the promo timeframe.

    But a 0% purchases card would be simpler and avoid any fees.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.8K Banking & Borrowing
  • 251.9K Reduce Debt & Boost Income
  • 452.2K Spending & Discounts
  • 240.2K Work, Benefits & Business
  • 616.4K Mortgages, Homes & Bills
  • 175.4K Life & Family
  • 253.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.