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Balance transfer to pay off certain accounts.

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Hi I'm very new to balance transfer and forgive me if I sound abit dim but I know you can transfer credit card amounts over but can you do the same with different store accounts. I have online accounts with very, next, simply be and curvissa and it wld be cheaper for me to transfer the balance of these accounts onto a  0%credit card to enable me to pay them off quickly. Can I do this? And if so how? Thankyou so much x

Comments

  • TadleyBaggie
    TadleyBaggie Posts: 6,650 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    You can't use a balance transfer with store cards, you would need a money transfer offer to get cash into your current account and then pay off the store cards from there.
  • grumpy_codger
    grumpy_codger Posts: 1,043 Forumite
    1,000 Posts Name Dropper Photogenic
    Have a look at this recent thread - First credit card
  • magpies79
    magpies79 Posts: 401 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 22 January at 8:46PM
    When I had a balance on my very account what I did was pay it off with a credit card then I transferred the balance from the credit card to my 0%
    £2820/£4000 0% 24 months pay £150 HSBC
    £2,100/£3000 0% 27 months pay £150 M&S
    £3,050/£4000 0% 27 months pay £150 HALI
    £2,200/£7250 0% 14 months pay £60  RBS
    £990/£2000 28% Zable closed  £60 
    mortgage £22,000/£89,000 2 years left 
  • inthezeroroom
    inthezeroroom Posts: 48 Forumite
    Third Anniversary 10 Posts
    Or just pay em off. How much we talking?
  • magpies79
    magpies79 Posts: 401 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Well yeah that’s the better way of doing I was saying on how to transfer it onto a 0%
    £2820/£4000 0% 24 months pay £150 HSBC
    £2,100/£3000 0% 27 months pay £150 M&S
    £3,050/£4000 0% 27 months pay £150 HALI
    £2,200/£7250 0% 14 months pay £60  RBS
    £990/£2000 28% Zable closed  £60 
    mortgage £22,000/£89,000 2 years left 
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