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Vanquis cash transfer to current account
NaughtiusMaximus
Posts: 2,839 Forumite
I received an email from Vanquis a few weeks ago offering me a cash transfer to my current account with no fee and interest charged at the standard purchase rate. Am I correct in thinking that if I was to take this option then pay off the card in full before my next statement I would pay no interest as is the case with card purchases?
The purpose of this is for stoozing, I would pay off the Vanquis balance by transferring it to the Sainsburys card I've just been accepted for then transferring the cash into a savings account.
The purpose of this is for stoozing, I would pay off the Vanquis balance by transferring it to the Sainsburys card I've just been accepted for then transferring the cash into a savings account.
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Comments
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No. Interest will be accrued daily and there is no interest free period.0
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The interest rate is shocking, and they do calculate it daily.0
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Oh okay, I won't bother then.0
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