juggling the cards

WaxiesDargle

Hi all

I have two 0% credit cards on the go at the moment and owe £4000 with Barclaycard and £9000 with Virgin Money that I pay the minimum on....£100 to Barclaycard and £25 to Virgin! (yes I know...but right now it's all I can afford)

I also have an Egg money card with a zero balance.

The Barclaycard runs out in April and the Virgin Money in May

What are my options when the cards 0% date run out?

Thanks

ps..I have a very small mortgage due to finish in November 2010 (£240 a month)

nomoneytoday

I would pay the most you can to the card that will cost the most after the promo rate has ended.

WaxiesDargle

thanks nomoney

but the minimums are set my the cc company and that is what I pay right now....was wondering about balance transfering to another 0% card when the time comes...but I'm not sure If they will accept that much credit though...last resort would be to put it on my mortgage...better than the outrageous hikes to 34% that some are experiencing on here

latecomer

I suspect that with that level of debt you might struggle to get another card particularly if you are just meeting the minimum requirements. That said, if you have a good credit rating then even a small credit limit would help so there is probably no harm in applying for another 0% BT card but whether they will still be available next year is anyone's guess.