Advice needed please re duel 0% card.

AdamEast

Hello all firstly thanks for anyone that answers.

I'm getting a little confused re a CC offer, I have been 100% pre approved for a duel spending and balance transfer card via credit club on here which is great, I would like to flick over 4k I have on a loan to make that 0% and I would be interested in possibly the 0% spending offer aswell, for booking a holiday in the future etc, I think without going out of here to look there were a few 100% pre approved offers, the best being Natwest I belive which was 29 months 0% balance transfer and 19 months spending 0%, my questions are...

Will it allow me to send 4k over as it doesn't say amounts anywhere I can see?

Also will they both run independently ie I will not forfeit my 0% balance transfer offer it I then book a holiday on the 0% purchase? 

Hopefully that makes sense?

Many thanks

Gandalf644

Looking at the Natwest website, they only now offer 19 months for both spending and the BT at 0% on the 'Purchase & BT card':.

https://www.natwest.com/credit-cards/purchase-and-balance-transfer.html#getreadytoapply

You can use the card for both spending and BT and it will all stay at 0% for the 19 months from account opening (the BT imust be done within the first 3 months of account opening). Obviously you will have to make the minimum monthly payment at least. Also have a plan to pay it all off before interest kicks in after 19 months.

Try doing an eligibilty check (a soft search)  on the Natwest website  and it should give you an indicative credit limit (albeit the limit will only be confirmed once a formal application is made).

https://www.natwest.com/credit-cards.html#eligibility

AdamEast

Thank you very very much for that Ganalf that puts my mind at rest and I will have a proper look now.

Brie

Don't forget that the banks can offer something for a large balance and a long term but then actually deliver a much smaller balance and shorter term.

Also be careful of how long both deals run.  The purchase deal might be for 6 months and the BT for 19 so you will have to ensure that you pay off the purchase deal at the right point to minimise the interest charged.  Pay it off too early and you might actually be paying off a large portion of the BT amount.  When caught in this situation I ensure that I have a conversation with the bank and get them to tell me what amount needs to be paid on what day.  And keep a record of that.  If things then turn out differently I can go back to them and get the account corrected.

Martico

You mention you want to transfer 4k to pay off a loan - that won't be possible with a balance transfer card, with which you'd only be able to transfer the balance of an existing card debt. You may need to look for a 0% Money Transfer deal instead