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Balance transfer to pay same card
agibbins1
Posts: 2 Newbie
in Credit cards
I have £2900 coming to the end of its 0% next month. I have more than this amount available on the card to do a 0% transfer - been sent an offer.
Does anyone know if I can do a balance transfer under the offer I have been given of 0% for 2 years, then use that money to pay off the amount coming to the end, effectively extending my 0% (aside from the transfer fee)?
0
Comments
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No. You'd need a money transfer. A balance transfer can only be used to transfer balances between cards.0
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I would say No.
If you have a money transfer option, then you can. Transfer to your bank account & them pay off the credit card.
As a rule you can not do balance transfers between same groups.Life in the slow lane0 -
Yes. Sorry there is a money transfer available - this was what I meant. Apologies0
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