We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Balance Transfer from TSB card to Barclaycard Twice?
dawn-c
Posts: 28 Forumite
in Credit cards
I have a balance of just under £5k on a Lloyds TSB card, I was just accepted for a Barclaycard yesterday with 0% on balance transfers for 18 months, if I do a balance transfer from my TSB card over to my Barcalycard to clear the TSB balance down completely can I then then pay off something else with the TSB card and then do a balance transfer from the TSB card to the Barclaycard again?
0
Comments
-
Yes, as long as you're still within the promotional window and have the available credit.0
-
As long as you do it within the initial 0% offer window (60 days maybe) it should work.0
-
Perfect, thank you both for your quick responses
0 -
I'm assuming that by "pay off something else with the TSB card" you mean you're going to pay for something like your car insurance or buying a sofa or something. So not a transfer of any sort.
So as long as the Bcard has a sufficient credit limit for the 2 (or possibly more) transfers it should be fine. Don't forget that there will be the fee for the transfers added as well. And (stating the obvious) set up a DD for the Bcard for the minimum at least and don't use it for any purchases while the BTs are on there.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇0 -
I wouldn't be so certain on this, BC are known for providing several offers monthly but have also only allowed the use of an offer once per month, which means that after the initial BT from your TSB to BC you may find you won't be able to make another until a new promotion appears.
If you believe you can, you will. If you believe you can't, you won't.
Secured/Unsecured loans x 1
Credit Cards x 8 (total limit £51,300)
Creation FS Retail Account x 1
0% Overdraft x 1 (£0 / £250)
Mortgage Outstanding - £138,087.38 (Payment 11/360)
Total Debt = £1,125.00 (0%APR) @ £112.50pm1 -
Not sure if this is a new phenomenon but I too have noticed numerical limits on BT lately. They may always have existed but all I remember from old cards are time limits and staying within 95% of the credit limit.MrFrugalFever said:I wouldn't be so certain on this, BC are known for providing several offers monthly but have also only allowed the use of an offer once per month, which means that after the initial BT from your TSB to BC you may find you won't be able to make another until a new promotion appears.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350K Banking & Borrowing
- 252.7K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243K Work, Benefits & Business
- 619.9K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- Read-Only Boards