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Balance transfer issues
clayton16749
Posts: 205 Forumite
in Credit cards
Sorry if there's a similar thread but I can't find any results.
I have a credit card with 0% on purchases that lasts for another 18 months. The card is currently offering 0% on balance transfers so I want to transfer a few hundred quid I currently have on an interest free store card that is soon to charge interest.
My issue is if I use the balance transfer deal, do I still get 0% on purchases and the current balance?
Would that be the norm?
When I try to sort it online the website goes on about endless techno babble!
I've tried to ring them to clarify but getting through is a nightmare!
I have a credit card with 0% on purchases that lasts for another 18 months. The card is currently offering 0% on balance transfers so I want to transfer a few hundred quid I currently have on an interest free store card that is soon to charge interest.
My issue is if I use the balance transfer deal, do I still get 0% on purchases and the current balance?
Would that be the norm?
When I try to sort it online the website goes on about endless techno babble!
I've tried to ring them to clarify but getting through is a nightmare!
0
Comments
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you retain your existing deal on purchases.
Just be careful as the BT offer may not last the same length of time as the purchase deal so there may come a time when one is interest incurring and the other is not - at that point the T&Cs will tell you where your payments will be applied.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1 -
Thanks for the advice0
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