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    • hds187
    • By hds187 10th May 18, 11:55 AM
    • 13Posts
    • 0Thanks
    hds187
    Short term use of 0% CC to buy time
    • #1
    • 10th May 18, 11:55 AM
    Short term use of 0% CC to buy time 10th May 18 at 11:55 AM
    My credit record is very good, and I nearly always clear my regualr day to day credit card. However I had an unexpected bill come in November which meant i took out a 0% transfer and 0% fee card and paid and cleared the bill after 5 months.

    Just had a similar situation again annoyingly. I'd rather not take another card on the same basis, but the surplus card I took back in November is asking for 3% fee for transfer.

    I know I can easily get a 0% fee and transfer card again, but will it harm my credit score/record, even if i do the same again and pay the whole balance off in 4 or 5 months?

    Thanks for any advice.
Page 1
    • zx81
    • By zx81 10th May 18, 12:18 PM
    • 16,831 Posts
    • 17,829 Thanks
    zx81
    • #2
    • 10th May 18, 12:18 PM
    • #2
    • 10th May 18, 12:18 PM
    Your credit file will just show that you borrowed and repaid in line with the terms of the card.

    Ignore the score.
    • Gary_Dexter
    • By Gary_Dexter 10th May 18, 12:20 PM
    • 1,144 Posts
    • 641 Thanks
    Gary_Dexter
    • #3
    • 10th May 18, 12:20 PM
    • #3
    • 10th May 18, 12:20 PM
    You don't have a credit score to harm.

    However, there will be a hard search on your file from the application search, and the account added as well if accepted.

    Is the card from November still offering 0% on the transfer balances?

    If so I would just pay the 3% fee and do that rather than take a new card in a small space of time.

    How much do you need to transfer? The new card might not give you a limit high enough to cover the full amount
    • hds187
    • By hds187 10th May 18, 3:39 PM
    • 13 Posts
    • 0 Thanks
    hds187
    • #4
    • 10th May 18, 3:39 PM
    • #4
    • 10th May 18, 3:39 PM
    could be a being a little pig headed, but out of principle i'm not paying the 3%. It's only 800 i need, so im very confident with my credit history i can get over the line and get zero fees. thanks for the reply
    • Gary_Dexter
    • By Gary_Dexter 10th May 18, 3:47 PM
    • 1,144 Posts
    • 641 Thanks
    Gary_Dexter
    • #5
    • 10th May 18, 3:47 PM
    • #5
    • 10th May 18, 3:47 PM
    If you think 24 is worth more than a search and another account on your credit file then go for it
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