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Can I do this? 0% interest ending on credit card

6 replies

pisspants · 03/04/2019 23:21

hi all, I have about £2000 in total on a Barclaycard, about £1250 has a longer 0%
period left that was from a cash transfer earlier in the year, the other £750 is due to run out in the next few months. I had intended to pay it off in full before the 0% ended (doesn't everyone!) but will still have at least £500 left by then. They keep offering me 2% transfer fee for cash to my bank account and then on 0% again. So I am thinking could I do a new cash transfer then pay off that balance with the cash? It seems such an obvious answer and would be cheaper than paying 18% or whatever interest but am not sure if it is actually allowed - does anyone know?

OP posts:
pisspants · 04/04/2019 07:54

hopeful bump here for the morning crew

OP posts:
GCAcademic · 04/04/2019 07:58

Yes, you could do this. Alternatively, you could do a balance transfer to a 0%, zero-fee credit card:

www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/#santander

Fairylea · 04/04/2019 08:02

Yep I’ve done this before.

But also look at 0% balance transfer deals too.

Bunnybigears · 04/04/2019 08:07

Yes you can do that. Or move it to another 0% card. I have 3 cards with regular 0% offers and just move balances between them as necessary.

twigandgiggleberries · 04/04/2019 08:11

Yes it's possible but keep the transfer fee in mind when weighing up costs.

twigandgiggleberries · 04/04/2019 08:12

Sorry just seen you mentioned the fee! Grin

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