Next Store Card

onetwothree4

Hello

I have been offered a 28 month 0% interest balance transfer card, which I was hoping to use to pay off my Next Card to avoid the ridiculous interest. I've read conflicting information online on whether I can actually do this as its an account not necessarily a typical "credit card".

Can someone shed some light on if this is actually possible? Or would I need to take out a second credit card for the balance transfer, then use that card to pay off the account? (It makes sense in my head) :rotfl:

jay1804

If you have another credit card you can pay off your next account, then you can BT the balance to the new card.

[Deleted User]

If it’s a store card you can’t balance transfer it.

You either need to pay it off with a 0% purchase cash, or get a 0% money transfer card, transfer the money to your account to pay off the next account, then start paying the card off.

Willing2Learn

I agree with Gary. A money transfer card is the way forward...

https://www.moneysavingexpert.com/credit-cards/money-transfers/

onetwothree4

That all makes sense, I only got a little confused because this was on the moneysavingexpert homepage..”Shift credit and store card debt to 28 months 0%”

This made me think I actually could use the BT to pay it off, but couldn’t find confirmation anywhere.

born_again

onetwothree4 wrote: »

That all makes sense, I only got a little confused because this was on the moneysavingexpert homepage..”Shift credit and store card debt to 28 months 0%”

This made me think I actually could use the BT to pay it off, but couldn’t find confirmation anywhere.

Usually you can't.
Is that comment in bold by card provider or is it something MSE (who should know better) have said...
Will make a big difference.
If it was card provider. Who is it?

onetwothree4

It was on the homepage, so from MSE themselves.
I haven't read in any small print for specific cards that it IS possible, so I'm not going to risk it. So glad I asked here first or would've taken out the BT card yesterday for absolutely no reason!

Thanks all.

born_again

onetwothree4 wrote: »

It was on the homepage, so from MSE themselves.
Thanks all.

We think it's important you understand the strengths and limitations of the site. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong.

This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service.

Would at least hope that journalists would check the facts before publishing anything :rotfl:

Lets see what they say on this matter.

Ben8282

Some credit card providers will allow balance transfers from some store cards. In the past have balance transferred from one of the old Creation issued duet store cards (16 digit number starting with 6) to Lloyds cc.
I think you should establish the format of the number of the Next store card (ie is it a 16 digit number starting with 6) then contact the credit card issuer to find out if they will be able to transfer a balance to it. If it is not a 16 digit number then I would imagine such a transfer is highly unlikely to be possible.