Should I make purchases with a balance transfer credit card? This question is about Balance Transfer Credit Cards

Should I make purchases with a balance transfer credit card?

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This question is about Balance Transfer Credit Cards

John S Kiernan, Managing Editor

@John • 04/12/18 This answer was first published on 04/12/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It’s fine to buy things with a balance transfer credit card for as long as it offers 0% interest on purchases. But if your card does not offer 0% on purchases, or this introductory rate has ended, making purchases could prove very expensive.

Whenever you carry a credit card balance from month to month, there is no grace period for new charges. That means finance charges begin to apply as soon as you swipe your card. A 0% purchase APR protects you from this temporarily. But if you don’t pay off what you spend by the time regular rates take effect, interest charges will quickly eat away at your savings.

see this user

Marcy Boulieux, Member

@marcy_boulieux • 05/18/18 This answer was first published on 05/18/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Sure you can, it's a regular credit card. The fact that it has great deals for balance transfer doesn't mean you can't make regular purchases.

With that said, you most likely won't get any rewards, and the purchase APR isn't usually wonderful.

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