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Balance transfer from card A to B then back
th081
Posts: 145 Forumite
in Credit cards
Hi all,
I wanted to check if this would work.
I have recently transferred some balances to card A, card A has a mix of interest free, interest bearing (2.5k) and headroom to the limit. I have an interest free offer on the card but no other interest bearing debt to transfer.
I have 2 Barclaycard with a zero balance and a virgin card with a zero balance. I won't get another 0 new card deal as I this month got one. I don't have any zero offer from barc or virgin but am hoping I will do later.
I DO have a offer from virgin to transfer to them at my standard rate with 5 fee.
Will it work if I transfer 2.5k to Virgin and pay the 5% (125), the transfer back to card A and take advantage of the offer. By incurring 125 fee from virgin I will be giving up almost 3 months of the interest free benefit from Card A.
As I can see I need to make sure all the earlier BT values are statemented in Card A before i do the 2.5 to virgin?
Anyone see any issues?
I wanted to check if this would work.
I have recently transferred some balances to card A, card A has a mix of interest free, interest bearing (2.5k) and headroom to the limit. I have an interest free offer on the card but no other interest bearing debt to transfer.
I have 2 Barclaycard with a zero balance and a virgin card with a zero balance. I won't get another 0 new card deal as I this month got one. I don't have any zero offer from barc or virgin but am hoping I will do later.
I DO have a offer from virgin to transfer to them at my standard rate with 5 fee.
Will it work if I transfer 2.5k to Virgin and pay the 5% (125), the transfer back to card A and take advantage of the offer. By incurring 125 fee from virgin I will be giving up almost 3 months of the interest free benefit from Card A.
As I can see I need to make sure all the earlier BT values are statemented in Card A before i do the 2.5 to virgin?
Anyone see any issues?
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