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Originally Posted by ian@huth
If I were to accumulate an interest free balance it would have to be by doing a transfer to another credit card who are unlikely to match my £27k credit limit.
What I couldn't grasp is who would let you do a balance transfer from their credit card to a personal bank account? I wouldn't have thought it was at all possible.
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There is no mention of transfering a balance to a personal bank account
why would you do that as a credit card balance would be a negative bank balance
The point is either :-
Get a cash advance from the credit card which is interest free and pay it into a bank account
or
use the credit card and when you get the bill at the end of the month, rather than settle the bill make use of the interest free facility by leaving the outstanding balance but pay the cash that you would have used to settle the bill into the interest earning account