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BT Advice
deanet
Posts: 5 Forumite
in Credit cards
Hi there,
I currently have a halifax credit card i've transferred an amount onto at 5.94% for the life of the BT, i've quite a few grand still spare on the card & they have since offered me the same 5.94% deal again. What i'm not sure about is if i transferred a 2nd BT onto the card at the same rate would the 2nd BT be getting charged interest twice. ie It would go to the back of the queue behind the 1st BT & just be sitting there accuring interest until 1st BT is paid off & then could i be paying interest on the whole of the balance as well. suppose to put the question in simple terms - Is there a catch to doing 2nd balance transfer?
Many Thanks in advance & sorry if not explained very clearly, late at night & tired
I currently have a halifax credit card i've transferred an amount onto at 5.94% for the life of the BT, i've quite a few grand still spare on the card & they have since offered me the same 5.94% deal again. What i'm not sure about is if i transferred a 2nd BT onto the card at the same rate would the 2nd BT be getting charged interest twice. ie It would go to the back of the queue behind the 1st BT & just be sitting there accuring interest until 1st BT is paid off & then could i be paying interest on the whole of the balance as well. suppose to put the question in simple terms - Is there a catch to doing 2nd balance transfer?
Many Thanks in advance & sorry if not explained very clearly, late at night & tired
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