0% loan off two credit cards

smithy4040

Ok bare with me here......
So RBS or NatWest offer a 0% fee free card for 13 months and MBNA offer a money transfer for 0% fee.
 So if you money transfer from MBNA into your account and then balance transfer from RBS or NatWest to MBNA you will get a "loan" for 0% for 13 months. Hope this helps someone 

Jami74

Yes. Make sure you make the minimum payment each month on RBS/Natwest and have a plan to pay it all when the promotion ends.

Brie

And take into account and transfer fees being charged since having 2 fees at perhaps 5% won't be as MSE as just getting a loan for 8%.

inthezeroroom

Even at 0% it’s still debt. Just save up for whatever it is, and don’t get sucked in.

fergie_

Brie said:

And take into account and transfer fees being charged since having 2 fees at perhaps 5% won't be as MSE as just getting a loan for 8%.

What they mean is to use say a 24m money transfer no fee offer at 5.9% etc per year, but then straight away transfer that debt to the 13 month balance transfer no fee card. So in effect borrowing X amount for 13 months and only pay a few days interest.

surreysaver

Brie said:

And take into account and transfer fees being charged since having 2 fees at perhaps 5% won't be as MSE as just getting a loan for 8%.

But if its fee free, you won't be charged a fee