First Direct 0% Balance transfer credit card 27 months - £30 back
392°Expired

First Direct 0% Balance transfer credit card 27 months - £30 back

12
Found 8th May 2017
27 months interest free

2.29% fee

£30 back if at least £100 is transferred
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    12 Comments
    Only available to current account holders*
    in reality it is £25 back as you have to make a balance transfer of £100 at least and minimum balance transfer charge is £5, still money for nothing!
    Me and the wife have a shared FD account, I wonder if we can apply for a card each?
    Yuzo

    Me and the wife have a shared FD account, I wonder if we can apply for a … Me and the wife have a shared FD account, I wonder if we can apply for a card each?


    terms and conditions say that it is one payment per account holder, so no unfortunately.
    haggisheid

    terms and conditions say that it is one payment per account holder, so no … terms and conditions say that it is one payment per account holder, so no unfortunately.



    Thanks for saving me a phone call
    So I need to be in debt to get this deal..
    would've used it if I was already a member
    iAmLegendFam

    So I need to be in debt to get this deal..



    Yes. Does it mean it's not a deal if it doesn't apply to certain individuals?
    iAmLegendFam

    So I need to be in debt to get this deal..



    Not at all. If I was to make a substantial purchase, I would rather stick it on a 0% credit card and keep the lump of cash in the bank as you never know when you'll need that cash for an emergency like the boiler let go in the house or something.
    iAmLegendFam

    So I need to be in debt to get this deal..


    Or, you could make all your purchases on a credit card anyway. Either because you spend abroad, like the enhanced protection, or most importantly like the cashback a good credit card will offer.

    I pay everything on my credit card, i get a lot of cashback every December and with this deal i could get £25 for transferring a small balance over (and paying it at my leisure, i'm not going to because I'm not with FD).

    In any case, people have constructive debt in a lot of cases and this can minimize that, people have destructive debt in a lot of cases and this can help manage that.

    Every which way, this is a good deal.
    Seen a couple of these deals getting hot recently and I don't really understand why when there are plenty of balance transfer cards available with no fee.
    akajay07

    Seen a couple of these deals getting hot recently and I don't really … Seen a couple of these deals getting hot recently and I don't really understand why when there are plenty of balance transfer cards available with no fee.


    The simple answer is that they hope you will either miss a payment and they will charge you, or not pay it off completely over the months that have interest free then they will hammer you with a bill, or they hope you will spend on top of this adding to your outstanding balance, they make money from you somehow. That is how you have to be very disciplined with this as the person mention above.
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