Quote:
|
Originally Posted by gary_580
the reason i can see is risk. They would be aware if they reassed you that you were now a higher risk. My question is, do banks and builidng societies do this periodically?
Does anyone know the answer for fact as opposed to opinion?
|
Yes they do, Banks regularly credit check their existing customers, this then enables them to see what other products they can offer you. It's all down to up selling on their part, most banks even do a credit check on you before upgrading your card from solo to switch/maestro.
Not really something you should worry about.
As for the idea here, well yes it'll help your credit rating, BUT you'll not make a much money on it. Even though there may be no interest charged on balance transfers and purchases, there sure as hell will be fees and interest on cash advances. There always is.