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If I do another balance transfer will that negate my existing one?

4 replies

tigs123 · 25/05/2024 06:20

I opened a credit card and it’s 0% for two years on balance transfers. One year down the line that offer finished it was only 90 days. I haven’t put anything else on my card since. A new offer has come up 0% for 15 months but I still have money owed on my credit card. I would like to do another transfer but would that mean the existing offer would stop on the rest of my amoun owed and I start paying interest?! Thanks

OP posts:
neverendingdebt · 26/05/2024 11:59

If you signed up to a 0% balance transfer for 2 years a year ago, then you won't be paying any interest for another year, you'd be daft to pay another balance transfer fee while you've still got scope to clear some interest free debt. I've been balance transferring for years and never not managed to find a deal when I've needed it so there's bound to be something in a years time. Check on MSE for the deals when you need it.

NoSquirrels · 26/05/2024 12:03

It’s a bit unclear from your post. Can you add figures?

You opened a credit card 1 year ago that gives 0% on balance transfers. How much did you balance transfer?

Why isn’t there still 1 year remaining on that?

Have you been spending on the card as well, and that’s incurring interest now? And it’s that part you want to transfer again?

SushiAndRamen · 26/05/2024 13:59

I have 2 balance transfers on one card. The 2 amounts have different end dates.

Cloudylilac · 26/05/2024 14:02

I have 2 balance transfers on one card. The 2 amounts have different end dates.

yes basically this OP, the end date for your first money transfer shouldn’t be affected by you getting another money transfer.

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