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Any Thoughts on what to do
zoony67
Posts: 14 Forumite
in Credit cards
Here's my problem, I have two cards with balances outstanding, the first is a Halifax Card the other a Barclaycard.
The Halifax Card has 2309 on it and the B/card has 3000 on it.
I want to balance transfer a balance from one to the other and the Halifax have stated that they can give me either a 6 month 0% deal or 5.94% for the life of the balance. B/card on the other hand have told me that they can give me either 0% for six months or 6.9% for the life of balance. The Halifax has a 3% transfer fee and the B/Card a 2.5% transfer fee.
My inclanation is to transfer the Halifax balance onto the barclaycard at 0% clearing my Halifax Card. Then once the transfer is complete to transfer the whole amount on the Barclaycard back to my Halifax card at hopefully 5.94% life of balance until I clear it.
I know that I will incurr three transfer fees but what I don't want to do is to find that if I clear my whole balance from the Halifax card that they will take the funnies and not let me balance transfer at the rates they have given me today.
What if any thoughts to the astute among you think would be the best policy ?
The Halifax Card has 2309 on it and the B/card has 3000 on it.
I want to balance transfer a balance from one to the other and the Halifax have stated that they can give me either a 6 month 0% deal or 5.94% for the life of the balance. B/card on the other hand have told me that they can give me either 0% for six months or 6.9% for the life of balance. The Halifax has a 3% transfer fee and the B/Card a 2.5% transfer fee.
My inclanation is to transfer the Halifax balance onto the barclaycard at 0% clearing my Halifax Card. Then once the transfer is complete to transfer the whole amount on the Barclaycard back to my Halifax card at hopefully 5.94% life of balance until I clear it.
I know that I will incurr three transfer fees but what I don't want to do is to find that if I clear my whole balance from the Halifax card that they will take the funnies and not let me balance transfer at the rates they have given me today.
What if any thoughts to the astute among you think would be the best policy ?
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