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  • FIRST POST
    • washtenaw
    • By washtenaw 8th Feb 18, 10:02 AM
    • 6Posts
    • 0Thanks
    washtenaw
    Use Money Transfer to pay balance on same card
    • #1
    • 8th Feb 18, 10:02 AM
    Use Money Transfer to pay balance on same card 8th Feb 18 at 10:02 AM
    I have a balance of about 2,000 on a credit card. I have a money transfer offer on that same card and I want to use that to transfer 2000 into a savings account AND then use that money to pay off that initial outstanding 2000 balance on that card (because it would be at a better rate this way).

    Should this be ok ? I assume it would be, as technically once I have received the money transfer into my savings account I should be able to do whatever I want with that money. But the bank may think otherwise. Should I call them up first and ask what I intend to do or should it be fine ???
Page 1
    • zx81
    • By zx81 8th Feb 18, 10:07 AM
    • 17,214 Posts
    • 18,288 Thanks
    zx81
    • #2
    • 8th Feb 18, 10:07 AM
    • #2
    • 8th Feb 18, 10:07 AM
    No need to call. It's fine.
    • Dobbibill
    • By Dobbibill 8th Feb 18, 11:55 AM
    • 3,141 Posts
    • 4,052 Thanks
    Dobbibill
    • #3
    • 8th Feb 18, 11:55 AM
    • #3
    • 8th Feb 18, 11:55 AM
    yes that will work - be mindful there may be a fee for a MT.
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    • Akahotpot
    • By Akahotpot 8th Feb 18, 2:08 PM
    • 142 Posts
    • 94 Thanks
    Akahotpot
    • #4
    • 8th Feb 18, 2:08 PM
    • #4
    • 8th Feb 18, 2:08 PM
    I did it on my Barclaycard no issues
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