Transfer of Balance

ivatt

I recently added a debt to my card to cover a timeshare release option.

If I transfer the balance to a 0% balance transfer card, which will reduce my expenses, do I lose my Section 75 protection if all goes wrong, or is the new credit card provider obliged to give me that same Section 75 protection I would have had if the debt had been placed with them originally.

grumbler

No, you don't lose protection. And it's the old provider, not new. What matters, is using credit to pay. You can pay the balance off straight away. You don't need to owe anything to keep the protection.

ivatt

Thanks, so if I can transfer the debt but then subsequently have to make a Section 75 claim who is that made to? From your answer, I assume it's the original credit card company?

molerat

ivatt said:

Thanks, so if I can transfer the debt but then subsequently have to make a Section 75 claim who is that made to? From your answer, I assume it's the original credit card company?

Correct.  The BT is purely another card provider paying off your balance in the same way as you would yourself, there is no protection added.