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Timing balance transfer

dlevene
Posts: 337 Forumite


in Credit cards
Hi all. Apologies if this has been asked before - I did try a search and couldn't find an answer.
My 0% on purchases period on my Lloyds card is up in early April. I'm looking at a balance transfer, ideally to the 14 months 0% no-fee Barclaycard. This will be the first time I've done a credit card balance transfer. Obviously, I want to maximise the amount of time I'm at 0% on both the old and new cards.
My two fold question is:
1) Does the 14 months start from account opening, or from the transfer?; and
2) Can I set it up to transfer at a particular date in the future, or only immediately?
Appreciate any help.
My 0% on purchases period on my Lloyds card is up in early April. I'm looking at a balance transfer, ideally to the 14 months 0% no-fee Barclaycard. This will be the first time I've done a credit card balance transfer. Obviously, I want to maximise the amount of time I'm at 0% on both the old and new cards.
My two fold question is:
1) Does the 14 months start from account opening, or from the transfer?; and
2) Can I set it up to transfer at a particular date in the future, or only immediately?
Appreciate any help.
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Comments
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dlevene said:Hi all. Apologies if this has been asked before - I did try a search and couldn1( 't find an answer.
My 0% on purchases period on my Lloyds card is up in early April. I'm looking at a balance transfer, ideally to the 14 months 0% no-fee Barclaycard. This will be the first time I've done a credit card balance transfer. Obviously, I want to maximise the amount of time I'm at 0% on both the old and new cards.
My two fold question is:
1) Does the 14 months start from account opening, or from the transfer?; and
2) Can I set it up to transfer at a particular date in the future, or only immediately?
Appreciate any help.
2) I have never tried to do a future date. I don't recall ever seeing an option to choose the date of transfer.
Allow a few working days, in my experience the transfers are not instant. Also a few days for account opening. Other people probably get closer to the line than I do, but I tend to apply for the new card about a month before the old card needs paying, and then do the transfer a couple of weeks before.Debt Free: 01/01/2020
Mortgage: 11/09/20241 -
You can do a transfer any time in the allowed period, which was ninety days in my case, but could be less.I don't think you can name a date for a transfer, but you can just make it on (or a day or so before) the date you want it done. Also you can make more than one transfer, I am allowed five.0
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It depends upon the credit card T&Cs.
I have a Lloyds which I did three balance transfers with - they all expire on the same date.
My Nationwide which I did three balance transfers with, the fifteen months 0% expires at fifteen months after I did each balance transfer.
So it depends upon the credit card, and maybe even the actual offer.
So it might depend upon when the account is opened, when the balance transfer is made, or it might be a statement date or some other dateI consider myself to be a male feminist. Is that allowed?1 -
I've managed to dig it out of the T&C's, it is, in fact, from account opening. Thanks all.1
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