Transferring a balance... TWICE!!!

drdaz123 · 27 January 2012 at 1:56PM

hi all,
i have just signed up to a nw platinum cc to make use of the 18month 0% balance transfer deal.

i have paid the balance from my lloyds tsb classic and wondered if i could now use the lloyds card to pay off a cash till payday loan that i took out before xmas before doing another balance transfer from the same card (lloyds) to my nw one.

it strikes me that there might be something in place to not allow me to, but haven't seen anything in the Ts & Cs.

thanks for looking.

daz

kjharve · 31 January 2012 at 2:15PM

There's nothing stopping you from doing this - in fact it's quite a good idea as the interest on Payday loans can be quite high. The only thing you need to be careful of is the "offer window" - you might only have 60 days (for example) to make use of the 0% offer. If you're outside of that window then you'll pay the standard rate when you do the transfer.