BT from a standard credit card to a prepaid credit card

cowling

Is it possible to do a balance transfer from a standard credit card to a prepaid credit card . I have a standard card with a 0% offer but can't transfer to a bank account but thought if i got myself a prepaid credit card and transfered a positive balance on to this at 0% . If this is possible whats the best prepaid card to have .
regards

skyrider007

It may be possible but why would you want to do that? Your 0% card is just like any other payment card except it doesn't charge you when you use the card (the prepaid card will cost you money).

cowling

skyrider007 wrote: »

It may be possible but why would you want to do that? Your 0% card is just like any other payment card except it doesn't charge you when you use the card (the prepaid card will cost you money).

If i do a balance transfer from the 0% card to the prepaid card i can then draw cash at a 0% interest rate ( plus prepaid card admin fee)
if i draw cash from the 0% card direct they class this as a cash transaction and charge at 21% . Hope this make sense .

regards
Any more advice on this matter welcome .

YorkshireBoy

The Egg Money card trick would be a cheaper option.

In fact, it might be the only option because I'm not even sure your original plan would work.

cowling

YorkshireBoy wrote: »

The Egg Money card trick would be a cheaper option.

In fact, it might be the only option because I'm not even sure your original plan would work.

Thanks for your reply
I had looked at the egg money card option but don't want to run up any more credit searches on my file at the moment i thought may be a prepaid card may be a good option at the moment if it is possible to balance transfer a positive balance on to it.