Can I use a Barclaycard money transfer to pay of Credit Card

rosiedee

I've got a £2000 balance on my Barclaycard which is 0% for another month. I have a 0% money transfer offer on the same card for 20 months, could I use that to pay of my credit card balance?

DullGreyGuy

Via a bank account, yes

rosiedee

DullGreyGuy said:

Via a bank account, yes

Thank you. I had looked through terms and conditions and couldn't find anything against it, but didn't want to do anything dodgy!

cymruchris

As long as you have the available credit yes - apply for it - hopefully they'll grant it - issue you the funds, then use the funds however you want (but in your case to reduce your balance again). Does the fee make sense based on the amount of time you think you'll still have the balance for? Are you working on paying it down or running it on monthly minimum repayments?

rosiedee

cymruchris said:

As long as you have the available credit yes - apply for it - hopefully they'll grant it - issue you the funds, then use the funds however you want (but in your case to reduce your balance again). Does the fee make sense based on the amount of time you think you'll still have the balance for? Are you working on paying it down or running it on monthly minimum repayments?

Yes, that makes sense. The fee for taking out the money transfer is £35. I am currently paying a £100 per month so the loan will be paid off well within the terms of the transfer.