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Keep Balance Transferring between two Cards

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  • fergie_
    fergie_ Posts: 271 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    fergie_ said:
    If they are charging an up front transfer fee, might be worth transferring to a fee free interest charging card and then straight back from that card. A few days interest is likely to be a lot less than a 3-5% charge.
    Good idea, only issue is if I don't get a 0% deal back, I've moved it over to an interest charging card potentially for the whole time until I pay it off.
    Where it works is when the card that the current balance is with, offers you another deal (while you have an expiring balance already with them), or you are wanting to switch to a linked lender.
  • fergie_ said:
    fergie_ said:
    If they are charging an up front transfer fee, might be worth transferring to a fee free interest charging card and then straight back from that card. A few days interest is likely to be a lot less than a 3-5% charge.
    Good idea, only issue is if I don't get a 0% deal back, I've moved it over to an interest charging card potentially for the whole time until I pay it off.
    Where it works is when the card that the current balance is with, offers you another deal (while you have an expiring balance already with them), or you are wanting to switch to a linked lender.
    Yeah makes sense, thanks.
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