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Balance transfer to a card and back again
AndyVelcro
Posts: 1 Newbie
in Credit cards
Hi
I have money on a credit card which has now gone past it's 0% promo time but it does still allow new balance transfers at 0% for another 26 months. What I'm thinking of doing is a balance transfer to another card which doesn't have great terms then balance transfer back so I can take advantage of the 26 Months. My only worry is that the card I transfer to may have a time restriction on money going back out. Hope that makes sense!
I have money on a credit card which has now gone past it's 0% promo time but it does still allow new balance transfers at 0% for another 26 months. What I'm thinking of doing is a balance transfer to another card which doesn't have great terms then balance transfer back so I can take advantage of the 26 Months. My only worry is that the card I transfer to may have a time restriction on money going back out. Hope that makes sense!
0
Comments
-
Not really.
If the promo is still valid, and they don't cut your limit before you transfer back, it'll be fine.1 -
Just remember to factor in two balance transfer fees.Maybe, find another card provider with a good deal and transfer to that card, saving you BT fee's?
1
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