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Balance transfer so credit card is in debit...
Unknownbloke
Posts: 7 Forumite
in Credit cards
Hi,
Hope this is the right place.
I've taken out a credit card (virgin money, 0% balance transfers for 23 months) to do a balance transfer of existing credit (about £2.5k) I need to use the balance transfer offer within 60 days (I applied too early) but I will have some large purchases in July which I'll be using my credit card for.
Am I allowed to transfer £4k so that my account is in debit or will the payment be stopped?
I'm supplementing what I'm buying with savings but thinking ahead I'll end up using a credit card for part if it anyway so this might save cash... I can do a balance transfer to my account but that has a 4% fee rather than 1% fee.
Hope this is the right place.
I've taken out a credit card (virgin money, 0% balance transfers for 23 months) to do a balance transfer of existing credit (about £2.5k) I need to use the balance transfer offer within 60 days (I applied too early) but I will have some large purchases in July which I'll be using my credit card for.
Am I allowed to transfer £4k so that my account is in debit or will the payment be stopped?
I'm supplementing what I'm buying with savings but thinking ahead I'll end up using a credit card for part if it anyway so this might save cash... I can do a balance transfer to my account but that has a 4% fee rather than 1% fee.
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it is breaking the T&Cs to put the card in creditI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
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Thanks! I thought there'd be something! Worth double checking though
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