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Old 06-02-2007, 02:06 PM
wmspringer wmspringer is offline
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Join Date: Apr 2005
Posts: 1,022
Default Re: 0% balance transfer question

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Not sure if America works the same as Australia in this regard, but over here you have to make sure you don't use the card once it recieves a balance transfer. If you make purchases afterwards they'll begin attracting interest at the full rate, while your repayments pay off the 0% paying balance first. Basically any purchases you make are impossible to pay off until you've paid off the entire balance transfer first.

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It's that way here, too, but the card he mentioned has 0% on purchases as well, for the same period. Definitely something to watch for, though. What I do is just keep the cards separate; I have some for balance transfers and some for purchases and don't mix them.
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