0% purchase and transfer cards.

dogspideryogacricket

I’m trying to get some clarity around exactly what constitutes a ‘purchase’ on 0% purchase and transfer type cards. The ‘balance transfer’ from another card is self explanatory. But the ‘purchase’ aspect is a little more unclear in a particular scenario. 

The scenario being this:

If I were to use this type of card to pay off debts owed to store cards or balances with companies like Klana would these payments on the card come under the category of a ‘purchase’ and therefore apply to the 0% offer. 

Simply put I’m looking to use a card of this kind to consolidate my wife’s debts owed to credit cards, store cards and balances and companies such as klana to maximise the efficiency in which the debts can be paid off. 

Jami74

Could you apply for a 'money transfer' card? That would transfer the money directly into your current account and then you can could pay the individual store cards, Klana etc that way.

Nasqueron

dogspideryogacricket said:

I’m trying to get some clarity around exactly what constitutes a ‘purchase’ on 0% purchase and transfer type cards. The ‘balance transfer’ from another card is self explanatory. But the ‘purchase’ aspect is a little more unclear in a particular scenario. 

The scenario being this:

If I were to use this type of card to pay off debts owed to store cards or balances with companies like Klana would these payments on the card come under the category of a ‘purchase’ and therefore apply to the 0% offer. 

Simply put I’m looking to use a card of this kind to consolidate my wife’s debts owed to credit cards, store cards and balances and companies such as klana to maximise the efficiency in which the debts can be paid off. 

You most likely won't be able to pay a store card or finance like Klarna with a CC, and if you can, it'll probably be treated as cash and thus subject to interest. An MT likely will be better for this purchase but equally debt consolidation rarely works unless you also address the underlying issue of spending - a paid off CC can be spent on again, a Klarna account can be used up etc