Quote:
Originally Posted by claytonender
Some Credit Card will allow you to transfer a balance from another card (or even pay money into your bank account) at a special cheap rate of interest for a set length of time. Most however charge a balance transfer fee of about 3%. Also some credit cards supply you with cheques so yoy can pay off other debts etc by cheque.
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Yes, I know you can arrange to do that - I used to balance transfer every time the offer ran out, but this is a special arrangement & offer by the credit card company who wants your balance & potential interest payments. The cheques are just another form of drawing cash from your credit card to either pay yourself or others with.
What I've not said very well is that if you ring up to pay either your monthly payment or more with another credit card, they will not take it, it's debit cards only. It may well be that this is why HFC will not accept the payment, plus as someone has already mentioned they would have to stand the retailers commission charge.
My aunt used to be a bank manager so I'll ask her if she can shed more light on this HFC issue when I see her tomorrow.