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Balance transfer again
12oliviah
Posts: 11 Forumite
in Credit cards
Hi!
I did a balance transfer in July to virgin money credit card. I had a bit of an error and used the credit card not realising interest is charged on purchases! Can I do another balance transfer?
I did a balance transfer in July to virgin money credit card. I had a bit of an error and used the credit card not realising interest is charged on purchases! Can I do another balance transfer?
0
Comments
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Yes, but it would be simpler and probably cheaper to just clear the purchases, unless it's a large amount you can't afford to pay off.0
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It's adding interest on each month though at like 20%
Can't i do a balance transfer again. Then there will be no interest so I'm not wasting any more money.0 -
It's only adding interest while it's not paid off though. And the 20% is annual, not each month.
As already mentioned, you can do a BT, but it could be a more expensive option.0 -
Ah okay. Just feels like I'm loosing out. I'm paying at least £50 a month off and it's charging about £25 interest.0
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