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Money transfer to pay off balance transfer?
Wesker
Posts: 1,392 Forumite
in Credit cards
Just trying to work out if this is as easy as it seems 
I've got an MBNA card with approx 8k on it, all at 0% at the mo, but around half of that runs out next month.
They are still offering me 0% on Balance transfers and money transfers.
If i did a money transfer for 4k at 0% then used that money to pay off the 4k that's running out next month then the whole 8k would be back at 0% ? or am I missing something?
TIA
I've got an MBNA card with approx 8k on it, all at 0% at the mo, but around half of that runs out next month.
They are still offering me 0% on Balance transfers and money transfers.
If i did a money transfer for 4k at 0% then used that money to pay off the 4k that's running out next month then the whole 8k would be back at 0% ? or am I missing something?
TIA
Errrr...come back later 
0
Comments
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As long as you have enough spare credit then yes. Be aware that MBNA allocate payments to the promo that started first so as long as that is the one ending next month fine, if not you will have to wait to pay until after the promo period ends.0
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Thanks for the reply, I have around 13k limit so that is fine. Wasn't sure how they allocated payments but I should imagine the promos that are running out are the ones i've had the longest. I'll have to check my statement Errrr...come back later0
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