Balance Transfer Question
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E13Hammer
Posts: 12 Forumite
in Credit cards
Hi all,
As title suggests a quick question about balance transfer, if I was to transfer my current credit card balance to another provider for the interest free credit period (which would help a lot toward paying it off), would I then be able to swap again after the interest free period ends, or is there a sanction on the amount of times you can transfer your balance avoiding high interest fees ?.
Any help appreciated.
Andy
As title suggests a quick question about balance transfer, if I was to transfer my current credit card balance to another provider for the interest free credit period (which would help a lot toward paying it off), would I then be able to swap again after the interest free period ends, or is there a sanction on the amount of times you can transfer your balance avoiding high interest fees ?.
Any help appreciated.
Andy
2018 wins - Brabantia Bo Pedal Bin £125.00
0
Comments
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You can BT endlessly, assuming you have somewhere to BT to.0
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As long as you are eligible for BT cards/offers you can do it as often as you need to.
Remember to factor in the fee each time. The more you move it, the more fees you may end up paying.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.0 -
Also you can't balance transfer between cards from the same organisation.
eg. You can't transfer from one Barclaycard to another Barclaycard0 -
Hi,
I am new to these forums - hopefully I am doing this right...
Can I balance transfer a barclycard to Virgin card then use the barclycard to buy something and transfer it a second time to the same Virgin card make the most of balance transfer?
Also same question for transferring barclaycard to mbna?
Thanks.0 -
Yes, assuming you have the available credit and are within the promo timeframe.
But a 0% purchases card would be simpler and avoid any fees.0
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