Tranfer Balance back to card for offer

kirstytj

Hi, I have a balance of £4576 Barclaycard which has no promotional offer so i'm paying quite a bit of interest each month (£68 interest when paying £200 a month. I thought I would transfer elsewhere but my plan was scupped when HSBC offered me a lower credit limit!

I have received an offer for 0% transfer balances from Barclaycard for August. Is there anyway I could utlise this if i was to tranfer the balance out and back in again?

Ive checked terms and can't see anything obvious.

Thanks

[Deleted User]

Yes. There is the risk that your Barclaycard limit is cut before you can BT it back, but it's a small risk.

You also don't need to transfer a balance in its entirety. You can transfer what you can to HSBC, meaning you're already saving.

kirstytj

Thanks my limit is around £10k so it's not maxed out.