Balance transfers

jalz123 · 11 June 2018 at 11:03AM

Hi,
Hi,

I have a credit card that charges no interest on purchases for a set period... and that period is coming to an end in a few months.

Does anyone know if it's possible to transfer the remaining debt to another 'no interest for a set period' credit card, thereby extending the interest-free repayment period?

Many thanks,

J.

[Deleted User] · 11 June 2018 at 11:05AM

Yes. It's called a balance transfer.

maxximus75 · 12 June 2018 at 12:51AM

You will probably pay a balance transfer fee to the new card provider but yes, it's easily done.

Just apply for a balance transfer card with a different card provider from the one you have now, you will give them your existing credit card number and amount you wish to pay off and they will take care of the rest.

They will then arrange to re-pay your existing card.

Balance transfers

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