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quick dumb credit card question

2 replies

phdlife · 16/10/2007 14:23

Does anyone know what happens if you open a new credit card, they offer you a £2000 limit, but you want to transfer a £3000 debt?

OP posts:
harryruby · 16/10/2007 14:46

they more than likely wont let you doit.you can transfer balances onto new cards upto it 95% of the credit limit they give you which would be £1900,this is to try to prevent you going over your limit and incurring any charges

phdlife · 16/10/2007 21:28

ah that is very useful to know, thanks!

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