turboman786

Hi all

The credit xcard world is a bloody minefield.....which credit card has a genuine interest free period , and which has this feature for the longest period?

What are the pitfalls?

Cheers.

Petem95

Most offer 6months interest free, and you can simply transfer your balance at the end of this 6months to another card, and get another 6 months interest free and so on.

There are a couple of companies offering 9months interest free, but I cant remember which.

kbsub

Tesco are offering 0% till November 2005

fast bloke

barclay card are doing 12 months 0% on balance transfers and purchases is you sign up in a branch (Barclays or Woolwich) or at one of those shopping centre stands

Chip

Sainsbugs are doing 12 months @0%

Chip

n16egy

Just use your current card and get 0%. Its a little complicated but can save you a fortune. this is only any good if your balance is less than half your credit limit

First of all you need to sign up with a online gambling A/c like william hill and set up your account details so that deposits and withdrawals go to the credit card

When your bill come in at the end of the month for say £200 go and deposit £200 in your william hill a/c. So your actual balance on your card is £400. As your due date gets nearer deposit the £200 back from william hill to your credit card. This has the affect of you CC company thinking that you have cleared the balance that you were billed for. When the next bill comes in it is still £200 even though you didnt actually pay a penny or any intrest..:-)


Not sure if this is illegal but it meant that we got our holiday to mexico and our 10k kitchen for 0%.
Will come in handy for my car that I collect in three weeks time to. You can also deposit credit into your william hill ac and then withdraw it back to a current ac and than you can take it from your bank in cash(ie 0% cash advance's) Handy as most places give discount for cash but not for credit cards

Disclaimer - It may not work with your credit card company but it does with mine and have been doing it for 2 years now and havent paid a penny

Oh yeah, i always try and deposit the balance to will hill and then withraw it in bits so that it doesnt look sus

turboman786

Not sure I understand how n16egy's system works.....

If you transfer £200 back from the wil hil a/c, you will have paid off the balance of £200 on the card right? So why would you get a bill next month for £200?

Thanks for all the replies though!

n16egy

Because the £200 you transfer to the william hill ac is billed to your card just like any other transaction. On my statement it just says Online gambling

If your original balance was £200 and you followed my system every month and didnt use your card again your balance would stay at £200 and you wouldnt pay any interest

mattstant

excellent site for this sort of thing www.fool.co.uk/cards/cards.htm?ref=monthly

mart360

of note..

i applied for a bal transfer from tesco to virgin (9mnths interst free)

virgin is run by mbna... of which i allready have a cc but bal clear..

they said no.. odd but there you go...

so i applied for a cap one 5.9 fixed... no probs

M

Jaybird-UK

Only on new purchases



0% on all purchases until 1st Nov 2005!
5.9% p.a. on all balance transfers*

kbsub

another good one

www.moneysupermarket.co.uk

moses

salamun alaikum bros turbo

my wife has a barclay one its for the full yr bros