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Balance Transfer for 0%

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hollie.weimeraner
hollie.weimeraner Posts: 2,155 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 25 March 2023 at 7:54PM in Credit cards
Just wondering how long a balance transfer takes? We're buying new kitchen worktops (cash is available) but just wondering about paying by card (cashback card) and then transferring the balance to a new 0% card. Obviously timings would need sorting as I would need to pay initially as soon after the purchasing card payment date as possible with new card in place and inside the 0% window. The cash would then go into an interest paying account. Income would pay the monthly payments.

Comments

  • 2/3 working days usually as a rough guide
  • Sarahspangles
    Sarahspangles Posts: 3,239 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Can you make as much from cash back + earned interest as you pay in balance transfer fee?
    Fashion on the Ration
    2024 - 43/66 coupons used, carry forward 23
    2025 - 62/89
  • Can you make as much from cash back + earned interest as you pay in balance transfer fee?
    0 t/f fee if its still available
  • Sarahspangles
    Sarahspangles Posts: 3,239 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    edited 25 March 2023 at 9:42PM
    Can you make as much from cash back + earned interest as you pay in balance transfer fee?
    0 t/f fee if its still available
    It's a long time since I saw a 0% transfer fee, they made stoozing possible.
    Fashion on the Ration
    2024 - 43/66 coupons used, carry forward 23
    2025 - 62/89
  • Can you make as much from cash back + earned interest as you pay in balance transfer fee?
    0 t/f fee if its still available
    It's a long time since I saw a 0% transfer fee, they made stoozing possible.
    There are a few this is just 1 
  • denow
    denow Posts: 59 Forumite
    Fourth Anniversary 10 Posts
    edited 26 March 2023 at 7:12AM
    Would you be better purchasing with a 0% purchase card?

    First Direct have one for 17 months at 0%.

    You'd need a FD current account too but that's easy enough and it would also then give you access to their 7% regular saver.

    EDIT: Apologies. I see your are purchasing with a cashback card.
  • denow said:
    Would you be better purchasing with a 0% purchase card?

    First Direct have one for 17 months at 0%.

    You'd need a FD current account too but that's easy enough and it would also then give you access to their 7% regular saver.

    EDIT: Apologies. I see your are purchasing with a cashback card.
    That might work thanks. Less faffing and a long fee free time
  • Also check if your bank are doing 0% balance transfer for current customers only.

    I just got a new Barclaycard with 0% fee for balance transfer but I don't think it's available to everyone.
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