Is a money transfer worse on your credit score than a balance transfer? 23 January 2020 at 6:53PM in Credit file & ratings 2 replies 309 views

marksmann

Basically I want to do a balance transfer to Card A from Card B


Card B is offering me the exact same terms on both a balance and money transfer


Card A balance doesn't need to be paid for a few months before the 0% runs out so if I did a money transfer to my current account I could have the money sitting in my account for interest and in case of an emergency


The offers on Card B only last for a few more days so I need to use it now


Is it the same doing a money transfer or will it go against me compared to doing a balance transfer?


Thank you

[Deleted User]

It'll just show as a debt, the same as any other.

jimbo26

Makes no difference no one can tell if the balance on a credit card is from a balance or money transfer.