We’d like to remind Forumites to please avoid political debate on the Forum.

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!

o% interest balance transfers

Sorry if this a very elementary question.Im not that savvy when it comes to Credit cards etc

I have an Egg card with about £800 on it. I need to buy some air tickets asap and want to know if I transfer the whole amount to a 0% card what happens to the guarantee?

If something goes wrong with the tickets does the new company help out or is it up to the old -now discarded -company to help.
I need to know before I take the next step.

BTW -not buying the tickets isnt an option .It isnt for a holiday as such -just in case anyone was wondering.
"I have enough money to last me the rest of my life, unless I buy something."

Comments

  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    It is the 'old' company, as you put it, Egg, which continues to share the liability with the airline. Transferring your balance away from them doesn't alter that.

    (Why not go for a 0% on purchases card and use that to buy the 'large ticket' item instead - there will be fees on balance transfer but none on a deferred purchase?)
    .....under construction.... COVID is a [discontinued] scam
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.