From: Alex
Newsgroups: uk.finance
Subject: Re: 0% deal - time for a second
Date: 10 Jan 2005 20:35:16 GMT
Without a hint of irony, "John Smith"
astounded uk.finance on 10 Jan
2005 by announcing:
> Hi,
>
> Last Summer I took out a 0% deal purchase deal with Sainsburys Bank. It
> ends in March and I was wondering if I can now go and get another 0%
> balance transfer deal with a different card vendor, transfer the
> outstanding balance from the Sainsburys card to it and get X more months
> free interest?
Yes.
> Are there any pitfalls in doing this?
Yes. Do it too much (transferring a couple every month or two for instance)
and you'll be less likely to be accepted. Also beware those issuers who are
now charging 2% on balance transfers (Barclaycard, MBNA, Mint etc.). In
fact, beware of MBNA full stop ;-)
In your case (given the info above), however, there shouldn't be a problem.
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