Credit Card Advice

harryptr

I have followed your advice & applied for a Sainsburys credit card.I have had it for about 3 weeks & have racked up about £1300. I feel like paying it off & can afford to. Can you now advise me of a way to make a free transfer to a card that will pay me for paying in full..?

Dave_the_Ginger_Cat

harryptr wrote:

I have followed your advice & applied for a Sainsburys credit card.I have had it for about 3 weeks & have racked up about £1300. I feel like paying it off & can afford to. Can you now advise me of a way to make a free transfer to a card that will pay me for paying in full..?

Presuming you are on the introductory 0% rate, would you not be better to put the money in savings account and pay the minumum payment? I think you'll receive more interest than you would get as any incentive.

DTGC

harryptr

That was the original idea but the thought of owing money that I can easily pay at the moment bothers me . At the moment I can pay it off but when October comes maybe circumstances might change. I am one of those impulsive people (Although I can handle money..... ) But thanks again for your advice. I am over 65 & retired . Any suggestions where to open a instant access savings account..? I have a Halifax current account at the moment making next to nothing on interest.I would like to keep the Halifax acc. open to pay DDs ect.but save somewhere else....