I hope you can help. My fiancee wants to clear her credit card but can’t get a balance transfer big enough to do so. My plan is to do it for her but I’m not sure if I’m missing something here that won’t make it work.
I have a new CC with a £0 balance and a 30 month Balance Transfer offer.
I also have a very small business which trades very infrequently.
So can I:
- Pay 2000 to business with a credit card through izettle.
- pay the 2000 cash from that payment to her credit card therefore clearing it.
- Then 0% balance transfer that card on the £0 balance card?
It’s a workaround to help her (us) out. I think even with izettles percentage 0.99% it would save A LOT of money in interest payments.
What do you think?