0% credit card - Purchase or Transfer?

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I'm looking to get a 0% credit card to spend about £6k on and pay it off within a year or so.

I'm wondering about the best options...

I currently have an Amex Cashback and a NatWest Rewards card which are paid off monthly.

Is it likely to be best to get a purchases card and use that, or get a balance transfer card? Presumably getting the Cashback on the AMEX and then transferring to 0%?

Another possibility is getting my other half to get a card. Can we transfer from a card in my name to one in hers? She has cards on both my NatWest and AMEX accounts but no others.


I know it's very dependent on credit score but any idea what a typical "new account" limit would be on a good 0% deal? My NatWest and AMEX limits are £3.5k and £14k respectively and I have a good credit score.


Any tips much appreciated!

[bigmadjohn]

In your situation its better to get a 0% spending card, as a balance transfer card will charge you a fee for transferring the balance onto their card (usually above 2%, so at least £120 in your circumstance). The best at the moment is for 30 months 0%. See the below link for current best buys

http://www.moneysavingexpert.com/credit-cards/best...

Don't mean to pry but if you're thinking of buying a car or bike a lot of dealerships have a £3k credit card limit due to the fees, if this is the case you can get whats called a money transfer card, these are similar to balance transfer cards, but you transfer the money from the card to your bank account to spend as you wish, then pay the card provider back. These charge a fee for this (starting at 2%) but are interest free for 32 months at that fee.

http://www.moneysavingexpert.com/loans/cut-loan-ov...

You can use the eligibility checker on the site to see your likelihood of being accepted for the card, this is done as a soft search so wont affect your credit history.

As for credit limit I don't think you will find that out until you have actually applied for the cards themselves, recently affordability has come into focus with credit cards, you can have an impeccable credit rating, but if you don't have a large income or large outgoings they will refuse you or limit your credit limit.

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Ended up with a Virgin Money card.

Credit limit offered was about £10k so more than enough.

Paid transaction on AMEX.
Zero fee balance transfer to the Virgin card.
0% for 2 years on that and 1% Cashback on the AMEX.

Seems to have worked out well.