I posted this question a while ago when my bank offered me a credit card. They're offering me one again, with the option of:
- 2k credit limit
- 0% for 15 months with a fee of 0.55% (min £5) for the first three months of account opening, after which the fee will revert to 2.4%
OR
0% for 26 months with a 2.4% fee
Now, I'm debating because of the balance transfer option, especially the 26 months one. I could transfer more of Bank of Scotland, which will be at 3k soon thanks to my balance transfer (fingers crossed I've done it properly). But then I would have three cards and I decided the last time that three's too many.
If I did it I think I would really have to focus to get it paid off within the interest-free period.
Another card?
May 28th, 2015 at 11:48 am
May 28th, 2015 at 01:18 pm 1432815523
I think I would do it Sarah. The main thing is to be able to handle the minimum payment on three cards.
I see the money you are putting on 0% cards as protected from growing while you pay off the higher catalogue debt. There will likely be other 0% offers when these expire.
May 28th, 2015 at 01:21 pm 1432815691
That's what I'm worried about but I think I will manage. I would ideally like to get it paid off during the interest-free period.
May 28th, 2015 at 01:41 pm 1432816918
May 28th, 2015 at 01:50 pm 1432817427
May 28th, 2015 at 01:51 pm 1432817493
May 28th, 2015 at 01:57 pm 1432817824
May 28th, 2015 at 04:55 pm 1432828509
Have you convinced your husband that catalogue buying is no longer an option?