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Balance Transfers

siobhan.murphy · 2009-09-05 18:54:32

I transfered my balance (%0) from mbna to first active,now my first active card is coming to the end of the promo and I still have a balance of around 2k, is it true I only have to pay gov tax once a year? as I had to pay it twice this year once to mbna and then again to first active,now Im thinking of transfering to tesco…

05-09-2009 6:54pm

#1

siobhan.murphy

Registered Users, Registered Users 2 Posts: 1,340 ✭✭✭

Join Date: November 2006

Posts: 1235

I transfered my balance (%0) from mbna to first active,now my first active card is coming to the end of the promo and I still have a balance of around 2k,
is it true I only have to pay gov tax once a year? as I had to pay it twice this year once to mbna and then again to first active,now Im thinking of transfering to tesco as they have 6months %0 balance transfers.
any help on this?

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Comments

#2 05-09-2009 8:59pm

dudara

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Join Date: September 2003

Posts: 32068

Moved to Banking & Insurance & Pensions

dudara

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#3 05-09-2009 9:32pm

Ogham

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Join Date: November 2004

Posts: 1739

If you close your credit card account and open another one - you need to get the original card issuer to write and confirm that you paid the stamp duty . The new card issuer should then not charge yoo. If you left the old card open (even if you didn't use it) you will be liable for 2 lots of stamp duty.

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