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Balance transfer multiple times
ignatiuspennyfeatherix
Posts: 3 Newbie
in Credit cards
Hi there, I am working on a garden project and want to split the costs over time using a balance transfer CC. I will have around £5k in costs but my current spend CC only has a £2.5k limit. I have just been approved for a balance card with a £6k+ transfer limit so my question is can I transfer the full £2.5k from my spend CC to the new card then spend another £2.5k on the spend CC and transfer it again to the balance card? I’ll have spent the additional money within the 60 days transfer time limit I’m just not sure if this is something I’m allowed to do? Thanks
0
Comments
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Yes, as long as you're within the promotional window and you have the available limit at the time.3
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ZX81 has, as always, given an accurate and succinct answer.I'm only posting to add - make absolutely sure you can pay off the £5K before the promotional rate expires. You may be able to transfer any remaining balance to another BT card - but don't bank on it. And any remaining balance will, of course, attract interest at the lender's standard rate.3
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