Balance Transfer

Badgingtons

Hi,

I’ve been offered a 0% interest balance transfer on a card I am already using for new transfers. Does anyone know if it’s possible to transfer the balance on this card to another one I have and then transfer the whole lot back to the card with the offer so I get the full benefit of another 21 months 0% interest? TIA

Ebe_Scrooge

In theory it should be no problem.  Assuming that on both cards you are still within the transfer window (many cards only allow a transfer within the first month or first 3 months or whatever).  The other factor to consider is the transfer fee - you could end up paying 2 fees, one on each transfer - would this offset any saving in interest you'd make?  The only other thing to watch, most cards won't allow a transfer from another card that's owned by the same umbrella company, so you'd just need to check this.

Badgingtons

Thanks for the response, hadn’t considered the fees so will check that out. The cards are from different companies so should be ok 👍 

jillbellamy

Hi, Has anyone else had trouble transferring a balance from an Amazon credit card? I wanted to reduce my credit card with Amazon and applied for a 3 month 0% balance transfer with the post office - the Amazon card number kept coming up as incorrect - I even telephoned the Post Office credit card company as I thought I was getting the card number incorrect but they were unable to solve this for me, I have written to Amazon for an explanation, TIA