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CC balance transfer advice
jahstin
Posts: 1 Newbie
in Credit cards
I have two CC’s and want to get them consolidated to one 0% Card, at the moment neither of my cards have any offers (I’m guessing because they have outstanding balances).
does anybody know if I transfer the whole balance of one card to the other to clear it, will that cleared card now be eligible For a 0% transfer offer? I don’t want to transfer one to the other incurring a charge to then not have a chance to transfer it all back onto the 0% card.
hope this makes sense!
does anybody know if I transfer the whole balance of one card to the other to clear it, will that cleared card now be eligible For a 0% transfer offer? I don’t want to transfer one to the other incurring a charge to then not have a chance to transfer it all back onto the 0% card.
hope this makes sense!
0
Comments
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That depends entirely on the lender and your risk profile.
I certainly wouldn't base your strategy on it. Get a new card with a BT offer.0 -
You will need to apply for another 0% card with a different lender to the ones you have and hope you get enough credit limit to transfer both card balances.You will have to factor in any BT fee's associated but if you are paying interest on the cards that will certianly outweigh the BT fee over the 0% period.1
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