Is it possible to transfer from card B that has no debt say 15k to new cc with a balance transfer, then cash advance the now credit on B
I did do this 20 years ago and it worked but curious if banks stop this now
Anyone done it
Credit Card Balance Transfer from Other CC with Phantom Balance
Donaldhump on 27/02/2023 - 21:22
Last edited 27/02/2023 - 21:27
Last edited 27/02/2023 - 21:27
Comments
Westpac used to be a $2.50 fee , Bankwest not sure and ANZ but free are they still fee free for doing a cash advance on credit balances?
a good offers are Westpac 2% bt fee and the no Fee Balance Transfer & 0% p.a. Interest for 32 Months for Existing Credit Card Customers @ NABDoes any have any promo code for Westpac or St George BT for 0% fee? Their default is 2% fee.
REG12 (0% for 12 months. No fees) - But you will have to go thorugh the old balance transfer link - https://banking.westpac.com.au/oregon/cardbt/wol/btapp/appca…
Legend!! thank you so much, the code worked ;) this beats their current promo of 0.99% p.a
just curious do you have any tips for St George or HSBC too?
Still working, thanks a lot!
Balance of Card B is not relevant to New CC provider..
Depends on the bank.
Some charge various fees to move excess balance from CC to attached savings account.
St George, Westpac, Bankwest and ANZ have been fee free recently.
Citi previously classified as a cash advance but waived fees after querying.
20 years ago cheque to self was a popular option ..