We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Transfer an Existing Balance Transfer to another Bank’s Balance transfer deal
HappySad said: I thought that a balance transfer amount offered would be separate from the credit you can make purchases. I thought if I transfer my balance for say £2,000 then pay it off. That card would then be left with the ability to borrow £2,000 for purchase.
A card provider will offer you a credit limit, reflecting underwriting risk, etc, and may also permit a balance transfer of a subset of that limit (typically no more than 90-95%), so once a BT has been paid off, you still have the same credit limit for other transfers or purchases, unless they subsequently choose to adjust it in either direction of course.
