Barclaycard Money Transfer

1931modela

I have Barclaycard with a current Money Transfer offer, can I do a money transfer then use card to make a purchase and then use the money transfer as funds to pay off that purchase or would that be against the terms of use

flaneurs_lobster

Once the funds have been moved from the card account to your nominated account you are free to use them any way you like.

You would obviously have to have sufficient credit available under your limit on the card after the transfer to make your purchase.

What's the reason for the convoluted purchase/repayment?

1931modela

Thanks for reply, yes sufficient funds for both money transfer & purchase, suppose I wanted cc protection but having thought about it now it’s probably easier to just do a bank transfer for purchase.

Brie

https://forums.moneysavingexpert.com/discussion/comment/82016982#Comment_82016982

I'd use the card as you had planned for the protection. And set the card to pay in full by DD. But don't do the MT as you'll be charged a fee (I assume)

dumpster_fire2025

https://forums.moneysavingexpert.com/discussion/comment/82016982#Comment_82016982

Why the convoluted plan to get a money transfer and then pay it off?

If you pay with bank transfer you won't get any chargeback or S75 rights, even if the funds orignated from a credit card.

1931modela

https://forums.moneysavingexpert.com/discussion/comment/82017172#Comment_82017172

Not a convoluted plan, want to make a £7000 purchase so was going to do a money transfer which is available to pay back over 22 months interest free just the 2.9% fee then make the purchase with the same card then use the money transfer cash to pay back the purchase cost leaving the money transfer to pay back interest free over the 22 months

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/82017185#Comment_82017185

Have you got the £14k+ limit you would need?

1931modela

https://forums.moneysavingexpert.com/discussion/comment/82017195#Comment_82017195

Yes I do have more then this

flaneurs_lobster

What about the usual advice about not mixing spend and transfers on the same card?

Or is that only applicable to balance transfer cards?

Can't help thinking that the OP's suggested purchase plan just seems, er clunky?

born_again

https://forums.moneysavingexpert.com/discussion/comment/82016982#Comment_82016982

 I wanted cc protection but having thought about it now it’s probably easier to just do a bank transfer for purchase

You get NO CC protection with a money tranfer

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82017292#Comment_82017292

You can mix and match spending and balance transfers with a Barclaycard without paying interest, assuming anything not at 0% is fully paid off before the due date.