Balance Transfer CC

DivinityDivinity Forumite
4 Posts
Second Anniversary First Post
Newbie
Hi All
I believe its a balance transfer CC I need but I just want to check that I'm right. I plan on purchasing a puppy which will likely be bought via bank transfer. Am I right in thinking I'd be able to do this via a balance transfer CC? 

Replies

  • MattMattMattUKMattMattMattUK Forumite
    3.8K Posts
    1,000 Posts First Anniversary Name Dropper
    Forumite
    No, balance transfer credit cards allow you to transfer a balance from another credit card onto them. If you have to pay for the puppy via bank transfer then you can not do this using a credit card.
  • DivinityDivinity Forumite
    4 Posts
    Second Anniversary First Post
    Newbie
    Thanks an this is why I ask questions 
  • DivinityDivinity Forumite
    4 Posts
    Second Anniversary First Post
    Newbie
    No, balance transfer credit cards allow you to transfer a balance from another credit card onto them. If you have to pay for the puppy via bank transfer then you can not do this using a credit card.
    Matt sorry to quote you but is it a Money transfer CC I need instead to put the money into my account and then pay from there as these seem to have lower Apr than a bank loan
  • FarfetchFarfetch Forumite
    3.6K Posts
    1,000 Posts First Anniversary Name Dropper
    Forumite
    Divinity said:
    No, balance transfer credit cards allow you to transfer a balance from another credit card onto them. If you have to pay for the puppy via bank transfer then you can not do this using a credit card.
    Matt sorry to quote you but is it a Money transfer CC I need instead to put the money into my account and then pay from there as these seem to have lower Apr than a bank loan
    A money transfer card puts money into your account (for a fee) which you pay off usually (ideally) at 0% over a period. This will allow you to pay for the item you want via BACS yes. It doesn't offer any sort of protections though so ensure you have pet insurance arranged in advance and be aware of the period you cannot claim in.

    He who rejects change is the architect of decay. The only human institution which rejects progress is the cemetery.

    -Harold Wilson


Sign In or Register to comment.
Latest MSE News and Guides

Fans demand refunds from Leeds Festival

...after Rage Against The Machine pulls out

MSE News

The 'Ask An Expert' event

Check out last week's energy-themed Q&A with MSE's experts

MSE Forum

Free museums & galleries

Where to get your culture fix across the UK

MSE Deals