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Pay BIP card using Vanquish money transfer then pay that off same day with a Fluid balance transfer
itstricky
Posts: 21 Forumite
in Credit cards
Hi there,
So I recently received a Fluid balance transfer card to pay off my BIP credit card. I didn't realise a balance transfer couldn't be carried out as the companies are owned by the same people.
Could I pull the cash via money transfer from a Vanquish credit card to pay off the BIP card then transfer that balance immediately to the fluid card? I appreciate there is a fee for the money transfer but other than that would that work?
TIA
So I recently received a Fluid balance transfer card to pay off my BIP credit card. I didn't realise a balance transfer couldn't be carried out as the companies are owned by the same people.
Could I pull the cash via money transfer from a Vanquish credit card to pay off the BIP card then transfer that balance immediately to the fluid card? I appreciate there is a fee for the money transfer but other than that would that work?
TIA
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Comments
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It is possible to do a MT and then BT off the balance once it's hit the card, you would pay double fees but that could still be cheaper than the interestitstricky said:Hi there,
So I recently received a Fluid balance transfer card to pay off my BIP credit card. I didn't realise a balance transfer couldn't be carried out as the companies are owned by the same people.
Could I pull the cash via money transfer from a Vanquish credit card to pay off the BIP card then transfer that balance immediately to the fluid card? I appreciate there is a fee for the money transfer but other than that would that work?
TIASam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Why money transfer? Can't you transfer the balance from BIP to Vanquis? I think money transfer is unlikely to be cheaper than balance transfer.itstricky said:
So I recently received a Fluid balance transfer card to pay off my BIP credit card. I didn't realise a balance transfer couldn't be carried out as the companies are owned by the same people.
Could I pull the cash via money transfer from a Vanquish credit card to pay off the BIP card then transfer that balance immediately to the fluid card? I appreciate there is a fee for the money transfer but other than that would that work?0 -
There's no option to balance transfer with Vanquish only purchases or money transfer.grumpy_codger said:
Why money transfer? Can't you transfer the balance from BIP to Vanquis? I think money transfer is unlikely to be cheaper than balance transfer.itstricky said:
So I recently received a Fluid balance transfer card to pay off my BIP credit card. I didn't realise a balance transfer couldn't be carried out as the companies are owned by the same people.
Could I pull the cash via money transfer from a Vanquish credit card to pay off the BIP card then transfer that balance immediately to the fluid card? I appreciate there is a fee for the money transfer but other than that would that work?0
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