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  • FIRST POST
    • andru
    • By andru 14th Jun 17, 2:53 PM
    • 104Posts
    • 46Thanks
    andru
    Not sure what card I need.
    • #1
    • 14th Jun 17, 2:53 PM
    Not sure what card I need. 14th Jun 17 at 2:53 PM
    I'm not sure what type of 0% credit card will be best for me.

    There is a possibility I maybe made redundant in the next few weeks/months. It's rumours at the moment but i want to make plans in case. I have 4k left on a loan @517 a month therefore the max time will be 8 months. I can over pay any amount and plan to pay off as much as 1000 a month. I am looking for a credit card that will allow 0% spending on cash transfers if possible. IF I do get redundant then I plan to pay off the loan with it then reduce my monthly outgoings and pay off the card at a rate of approx 200 a month until it is cleared. Does anyone know which card would be best for this?

    I hope I've explained it fully so you can all understand.
    Last edited by andru; 14-06-2017 at 3:11 PM. Reason: correcting wrong amount
Page 1
    • Candyapple
    • By Candyapple 14th Jun 17, 2:55 PM
    • 2,170 Posts
    • 1,667 Thanks
    Candyapple
    • #2
    • 14th Jun 17, 2:55 PM
    • #2
    • 14th Jun 17, 2:55 PM
    Money transfer card is what you need:
    http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • zx81
    • By zx81 14th Jun 17, 2:58 PM
    • 12,446 Posts
    • 12,621 Thanks
    zx81
    • #3
    • 14th Jun 17, 2:58 PM
    • #3
    • 14th Jun 17, 2:58 PM
    I can over pay any amount and plan to pay off as much as 1 a month.
    Originally posted by andru
    Hopefully a little more than that...
    • andru
    • By andru 14th Jun 17, 3:12 PM
    • 104 Posts
    • 46 Thanks
    andru
    • #4
    • 14th Jun 17, 3:12 PM
    • #4
    • 14th Jun 17, 3:12 PM
    Sorry, that was a quick typo. At the moment I can afford to over pay up to a total of about 1000 a month.
    • andru
    • By andru 14th Jun 17, 3:27 PM
    • 104 Posts
    • 46 Thanks
    andru
    • #5
    • 14th Jun 17, 3:27 PM
    • #5
    • 14th Jun 17, 3:27 PM
    Thanks, I've just applied and been approved for a MBNA transfer card that will more than suit my needs if the news is bad in the coming weeks.
    • eskbanker
    • By eskbanker 14th Jun 17, 4:06 PM
    • 4,998 Posts
    • 4,737 Thanks
    eskbanker
    • #6
    • 14th Jun 17, 4:06 PM
    • #6
    • 14th Jun 17, 4:06 PM
    You'd presumably be entitled to some sort of redundancy pay if the worst came to the worst, which could come in handy to settle some/all debt?
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