balance transfer JD williams balance to credit card at 0%

Hi

Has anyone ever transferred balance on JD Williams to credit card to save on interest, would this count as balance transfer or purchase transfer 

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  • DullGreyGuy
    DullGreyGuy Posts: 9,210
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    Is this a personal loan? Store card? Store credit?

    In most of the above cases you'd need a Money Transfer Card as the above are not credit cards which is what a Balance Transfer is for (though a minority of store cards technically are credit cards and can go via a BT - it needs to be a 16 digit card number using the Visa or Mastercard network)
  • dc82
    dc82 Posts: 2
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    Ive got balance transfer credit card at 0% but had JD credit account with balance at high interest rate, was wondering if could pay that balance with credit card to save on interest-does this count as a purchase?
  • born_again
    born_again Posts: 13,714
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    You can only balance transfer between credit cards. 
    If you are wanting to pay off a credit acc/store card then you need a money transfer card.
    Life in the slow lane
  • grumbler
    grumbler Posts: 58,629
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    edited 1 February at 2:41PM

    If you are wanting to pay off a credit acc/store card then you need a money transfer card.
    I'm sure some store cards can be paid off by a credit card and this doesn't count like a cash transaction. In this case a 0% purchases card is better than a money transfer card.
    If JD accept CC payments, it's worth making a small CC payment and see how it is processed.
    Alternatively, if the OP has another CC, they can withdraw cash to pay the store card off and then transfer the balance to the 0% card. This will be more expensive than with a 0% purchases card.
  • fatbelly
    fatbelly Posts: 20,258
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    edited 1 February at 7:58PM
    JDW do accept credit cards so get one of these and pay off your account. Your debt is now at 0%

    https://www.moneysavingexpert.com/credit-cards/best-0-credit-cards/
  • WillPS
    WillPS Posts: 3,066
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    Agree, the safest route is 0% Money Transfer but the cheapest route (with a bit of 'ground checking') is 0% Purchase.
  • born_again
    born_again Posts: 13,714
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    grumbler said:

    If you are wanting to pay off a credit acc/store card then you need a money transfer card.
    I'm sure some store cards can be paid off by a credit card and this doesn't count like a cash transaction. In this case a 0% purchases card is better than a money transfer card.
    If JD accept CC payments, it's worth making a small CC payment and see how it is processed.
    Alternatively, if the OP has another CC, they can withdraw cash to pay the store card off and then transfer the balance to the 0% card. This will be more expensive than with a 0% purchases card.
    Yes, you are right,
    But in these cases it is not a balance transfer 👍
    Just paying a bill.
    Life in the slow lane
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