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Balance Transfer

May 27th, 2015 at 03:46 pm

I've been thinking about transferring more to my 0% card for a while now. Well, I just did it: 1000 from BoS has been transferred to Tesco. It's 0% until June 2017. I'm nervous and excited at the same time. There is a fee of 2.99% roughly for doing the transfer.

Eek.

6 Responses to “Balance Transfer”

  1. laura/deacon's wife Says:
    1432739721


    Every bit you can save through a transfer balance is worth it. Glad you did it!

    Smile

  2. creditcardfree Says:
    1432748830

    I think this was the right choice as I'm sure that fee is far less than the interest you are being charged. Smile

  3. Kiki Says:
    1432748960

    WOW 2 years interest free is great! Now to focus on the best places for your payment and aim to have it all paid off by what date?

  4. FrugalTexan75 Says:
    1432769763

    That sounds like a smart move SG!

  5. VS_ozgirl Says:
    1432798821

    That's great! You did a really smart thing SG Smile

  6. scottish girl Says:
    1432802949

    Thanks!
    I should aim to have it paid off before June, say May 2017? I think I'll need to pay over £70 each month to have it paid off by then. The statement hasn't updated yet so I don't know the exact balance.

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