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Balance Transfer
nelsonapril
Posts: 6 Forumite
in Credit cards
I have £9500.00 on a virgin credit card with 0% interest but it is about to expire the end of next month, Halifax have offered me 7.92% for the life of the balance if i transfer to my card with them also 3% handling fee, can anyone tell me roughly how much the monthly repayments would be on this amount.
thanks
thanks
0
Comments
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The answer would depend on how long you want to spend paying it back.
The minimum is probably 3% (it depends on what in your agreement), which would be about £290 initially.
The monthly interest would be about £60 initially.
At that rate you'd spend several years paying it off though.0
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