paying for car insurance

jaybick

Hi sorry if this is a numb question.
have just got a egg card with a debt trasfered to it for a nice long period.But I want to pay for my car insurance which is up for renewal this month with it, and then do a balance transfer ASAP before august of the car insurance costs and not the existing debt is that possible? to another good balance transfer card .would i be able to just balance transfer the car insuracne debt and not the other and still enjoy all the 0% all advice greatly apprieciated.

benf90

jaybick wrote: »

Hi sorry if this is a numb question.
have just got a egg card with a debt trasfered to it for a nice long period.But I want to pay for my car insurance which is up for renewal this month with it, and then do a balance transfer ASAP before august of the car insurance costs and not the existing debt is that possible? to another good balance transfer card .would i be able to just balance transfer the car insuracne debt and not the other and still enjoy all the 0% all advice greatly apprieciated.

No, the balance transfer that is on 0% will be paid off first.

When you arrange a balance transfer Egg will just see it as a payment to your card, so it'll be treated like any other payment. Any payments you make to the card are cleared off the balance with the lowest rate of interest first.

jaybick

thanks,
so best thing to do is balance transfer the lot and pay the transfer fee ,I guess

mintymoneysaver

Or get a 0% for purchases card and buy your car insurance with that?