general question about balance transfers

allstemp

Hi there

I am considering a balance transfer. I currently have £2,010 outstanding on my Lloyds Visa credit card and a total £5,000 credit limit. I am thinking about transferring the £2K to Virgin's 15mth interest free on balance transfer deal.

If i make the balance transfer to Virgin does my Lloysds credit card still stay "open" and allow me to have £5,000 credit? or by balance transferring will it automotically close?

many thanks regards

CLAPTON

your Lloyds CC will merely see the BT as a payment and so the CC will remain open

allstemp

That's great, thanks for the clarification.

Out of interest how do I "officially" thank you so it counts as one of your thanks against your postings?

regards

mrmajika

allstemp wrote: »

That's great, thanks for the clarification.

Out of interest how do I "officially" thank you so it counts as one of your thanks against your postings?

regards

Whilst logged into the forums, click the 'thanks' button to the bottom right of the post, next to the 'quote' button.