Would Credit card transfer count as income?
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Would Credit card transfer count as income?
I have been offered the chance to transfer some money from my credit card into my current account, at 0% for 9 months.
If I did that, my plan would be to use one of Martin's tips, ie put the money into my high-interest savings account and repay it in full at the end of the interest-free period.
I'm concerned, though, that this would be treated as income by the Inland Revenue, and may possibly affect my husbands' ability to get certain benefits. Obviously I would have the credit card statement to prove where the money came from. I know I wouldn't get a vast amount of interest on it, but every little helps - as long as it won't jeopordise any claims we have, eg tax credits.
Any thoughts or advice re this course of action would be appreciated!
Thanks,
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Floral Boutique cheapest loans
If I did that, my plan would be to use one of Martin's tips, ie put the money into my high-interest savings account and repay it in full at the end of the interest-free period.
I'm concerned, though, that this would be treated as income by the Inland Revenue, and may possibly affect my husbands' ability to get certain benefits. Obviously I would have the credit card statement to prove where the money came from. I know I wouldn't get a vast amount of interest on it, but every little helps - as long as it won't jeopordise any claims we have, eg tax credits.
Any thoughts or advice re this course of action would be appreciated!
Thanks,
_________________
Floral Boutique cheapest loans
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