Credit card problem

kersky1

I managed to bag a 0% interest for 15 months with the intention of moving a high interest loan with a finance company to the credit card to find out the transfer can only be made card to card. Now have a 0% interest card with nothing on it. Could I pay it with my other credit card then transfer to the new card?

DrSqueeze

Several things to consider, one of which is whether the loan company will accept credit card payments at all or whether you would actually need to take a cash advance from the other card with the associated fees. The second is doing your sums very carefully and working out what will happen when the 0% ends.

You might find these two MSE articles helpful:

https://www.moneysavingexpert.com/credit-cards/money-transfers/

https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/

bengal-stripe

Look out for a Money Transfer Card (quite hard to come-by).
Transfer the  available money onto your bank account, subsequently transfer to your loan.

born_again

kersky1 said:

I managed to bag a 0% interest for 15 months with the intention of moving a high interest loan with a finance company to the credit card to find out the transfer can only be made card to card. Now have a 0% interest card with nothing on it. Could I pay it with my other credit card then transfer to the new card?

Odds on loan co will not take a credit card as payment. But you can ask them.
If they do your idea will work to transfer balance from that to your new one.

One thing to remember going forward. Balance transfer is only for credit card to credit card & even then not all credit cards...

kersky1

Would it be an idea to pay with a credit card I already have but only owe £10 too, then do a balance transfer from that card to the new 0% card.

grumbler

Yes, this will work.

If the loan company doesn't take CCs, you can get a cash advance at extra cost. Even if they take CCs, it's possible that your CC company will treat this as a cash advance.