Relatively new to stoozing - first BT

Sherlock33

Hi all,

I'm relatively new to stoozing and currently building up a balance on my first 0% card with NatWest. I have about 2k left of my credit limit and use it for day to spending. My 0% offer lasts until Dec 26 and I pay the minimum payment by DD. My plan at the moment is to spend until I get close to the credit limit, then look for BT offers with 0% fee (or as low as possible) in Nov.

I've never done a BT before, am I right in thinking that I wont know the credit limit offered until I've applied? Can you talk me through what happens if for example I have a 7k balance on my 0% card and am offered a BT of 3k - do I complete that and then look for another BT for the remaining 4k?

I have the funds to pay it off in full in easy access savings but I'm looking to maximise my profits.

Thanks!

Nasqueron

Some providers tell you what your likely limit is during application, NatWest for example

BT cards accept 90-95% of the limit so if you get less than your have on the card, transfer as much as you can and pay off the rest normally

You may get 2 cards if you apply together, no guarantee the second one will be sufficient (or it might be more, depending on the lender), any more than 2 hard checks in a short period is a red flag for other lenders