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Large positive balance on CC from balance transfer?
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norm_
Posts: 191 Forumite


I signed up for the Halifax CC with the intention of using it for a money transfer, however I was told on activating the card the option to carry out a money transfer isn't until 3 to 6 months.
In the past I've created a small additional positive balance when carrying out a balance transfer and most companies have been okay with refunding that balance by bank transfer, with the exception of Santander who refused it.
If I transfer a much larger sum to a credit card from a much better bank that I use regularly, am I likely to breach some T&C and risk them closing the account, I looked at the terms briefly and couldn't see anything, or will they simply bounce the balance transfer back?
Has anybody had success with this approach before?
In the past I've created a small additional positive balance when carrying out a balance transfer and most companies have been okay with refunding that balance by bank transfer, with the exception of Santander who refused it.
If I transfer a much larger sum to a credit card from a much better bank that I use regularly, am I likely to breach some T&C and risk them closing the account, I looked at the terms briefly and couldn't see anything, or will they simply bounce the balance transfer back?
Has anybody had success with this approach before?
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