Citi 0% on new purchases for balance transfer?

[Anonymous]

Hello,

A friend and I were just talking and I figure if someone knew were to know the answer it would be in this forum. She received an offer for 0% on new purchases only on a Citi credit card with a large credit limit. Is it possible somehow to use this as a balance transfer to pay off a card with a higher interest rate so it would show up as a "new purchase?"

[Remedios]

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@Anonymous wrote:

Hello,

A friend and I were just talking and I figure if someone knew were to know the answer it would be in this forum. She received an offer for 0% on new purchases only on a Citi credit card with a large credit limit. Is it possible somehow to use this as a balance transfer to pay off a card with a higher interest rate so it would show up as a "new purchase?"

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Not unless card has BT offer. 

BT isn't considered a purchase. 

[dogmeat]

As mentioned, a purchase APR promo cannot directly be used as a BT, but if your friend has monthly expenses, some or all of those expenses could be re-routed to the Citi card for the next few months.  They'd only ever have to pay the minimum payment (typically 2-3% of balance) every month and would pay no interest for the duration of the promotion (typically a year). All the cash money they would have used to pay bills/expenses (minus the minimum payment to Citi) goes to the card with the high-interest balance.  Utilities, groceries, dining, entertainment, transportation, insurance, etc.