Credit Card Balance Transfers for a Novice
Discussion
Hi everyone,
Just a very dummy like question as never done it for so just want to make sure I understand it all correctly.
I originally applied for 0% purchase card for 21 months through Tesco Bank to allow me to kit out my new home (moved in yesterday). They approved it subject to proof of a address as no existence of me at my new home which I expected. However, only got the letter today and it will now take 10 days to process so cannot wait that long.
Called them up and they are happy to swap it to a 0% balance transfer for 36 months (even better) with a 2% fee for transferring it.
It I spend about £2,000 on my Barclaycard this weekend, and then transfer it over to Tesco when I get my card in the coming weeks, is it just a case of logging online to Tesco, give them the credit card number for my Barclaycard, transfer the £2k over and charged £50 for the fee and job done, pay it off over 2 years as originally planned. I assume there is no charge from Barclaycard?
Just as never doing it before, it sounds really simple so just want to double check it is. Thank you
Just a very dummy like question as never done it for so just want to make sure I understand it all correctly.
I originally applied for 0% purchase card for 21 months through Tesco Bank to allow me to kit out my new home (moved in yesterday). They approved it subject to proof of a address as no existence of me at my new home which I expected. However, only got the letter today and it will now take 10 days to process so cannot wait that long.
Called them up and they are happy to swap it to a 0% balance transfer for 36 months (even better) with a 2% fee for transferring it.
It I spend about £2,000 on my Barclaycard this weekend, and then transfer it over to Tesco when I get my card in the coming weeks, is it just a case of logging online to Tesco, give them the credit card number for my Barclaycard, transfer the £2k over and charged £50 for the fee and job done, pay it off over 2 years as originally planned. I assume there is no charge from Barclaycard?
Just as never doing it before, it sounds really simple so just want to double check it is. Thank you
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