Credit card transfers

kersky1

I have a credit card deal with 0% interest until 2024. I will have paid off my initial debt within that time. Can I transfer another debt within that time limit or do I have to apply for another card .

[Deleted User]

If the card has an offer to do that or it's an open ended one then yes but it might be quite short e.g. if you transferred in June 23 you would get 6 months 0%. Check the terms as some will allow multiple transfers but always to the same end date and some only when they have offers

Ebe_Scrooge

As above, you'll have to check the T&Cs.  Some cards allow a transfer at any point during the lifetime of the promotion, some only allow a transfer within the first (say) 90 days of opening the card.

If your card does allow a transfer at any time them as @Deleted_User says, you need to remember that the 0% promotional rate will still expire in 2024 (on whatever date it was originally fixed at).  So you'll only benefit from a shorter 0% period, and you must be planning to repay it in full by the time the 0% deal expires.

kersky1

Thanks to you both. I will check the T&C and take it from there.

martinbainbridge1975

It is always worth checking your accounts periodically, Lloyds and MBNA have a habit of putting offers on your account and not always telling you.  I randomly checked my Lloyds account tonight and found there was 12 months 0 per cent balance transfer available, I have had the card 15 months and the initial terms were balances transferred within 60 days.

For anyone with multiple cards struggling to find a new offer, debt shifting could possibly help save interest

kersky1

Thanks I noticed that on my Barclaycard.