Will I keep 0% on purchases after balance teansfer

Miser10

Hi. I currently have a credit card with an introductory 0% purchase rate which is set to continue for another 12 months+. However I’m getting close to my credit limit for this card and I’m seeing offers currently for 0% balance transfers for 20+ months. I’m wondering if I complete a balance transfer for my balance on this card (approx £2k) will I then be able to continue using the card with the existing 0% on purchases offer? That way the balance on the card goes back to zero and I have more scope to continue using it for all my purchases until the introductory rate expires. I am unsure if the credit card company might withdraw my 0% introductory rate if I complete a balance transfer away from the card.

P.S. I am not getting myself into unfeasable debt. I could pay all my credit card debt off today but instead I’m taking advantage of the 0% rates to invest my cash in savings.

Many thanks in advance for any responses.

MorningcoffeeIV

Miser10 said:

I’m wondering if I complete a balance transfer for my balance on this card (approx £2k) will I then be able to continue using the card with the existing 0% on purchases offer? .

Yes, if you're still in the promotional period for 0% purchases.

But rather than pay a BT fee, why not get another 0% purchases card?

Miser10

MorningcoffeeIV said:

Miser10 said:

I’m wondering if I complete a balance transfer for my balance on this card (approx £2k) will I then be able to continue using the card with the existing 0% on purchases offer? .

Yes, if you're still in the promotional period for 0% purchases.

But rather than pay a BT fee, why not get another 0% purchases card?

Thank you. You’re right, that would make more sense if I can get another 0% purchase card. I will try that first but useful to know about the BT option as a back up.

CliveOfIndia

Miser10 said:

MorningcoffeeIV said:

Miser10 said:

I’m wondering if I complete a balance transfer for my balance on this card (approx £2k) will I then be able to continue using the card with the existing 0% on purchases offer? .

Yes, if you're still in the promotional period for 0% purchases.

But rather than pay a BT fee, why not get another 0% purchases card?

Thank you. You’re right, that would make more sense if I can get another 0% purchase card. I will try that first but useful to know about the BT option as a back up.

There are still a small number of cards out there that offer a fee-free BT facility (Natwest being one, according to this article: https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/#natwestnofee ).  Might be worth a look?

I'm assuming that your current deal is 0% on any purchases made at any time during the promotional period?  If so, great, but just double-check.  There are (or were) some where it's only 0% on purchases made during the first 3 months or whatever.  Admittedly these are few and far between these days, it's usually Balance Transfers that have a limited window in which to make the transfer.  But worth just double-checking.