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Credit Card Advice Wanted
queenofthedump
Posts: 354 Forumite
in Credit cards
Hi
We have 3 cards
Barclays 3780.30 1188 is at 4.9 for life rest is 12.9
Mint 5020 at 6.9 for life
Cap One 7767.00 0 % until jan 07
we want to move the barclaycard onto Mint but we can only move 3,000 at 7.9 with 60 handling fee
Should we do it ?? Or any helpful advice welcome
We have 3 cards
Barclays 3780.30 1188 is at 4.9 for life rest is 12.9
Mint 5020 at 6.9 for life
Cap One 7767.00 0 % until jan 07
we want to move the barclaycard onto Mint but we can only move 3,000 at 7.9 with 60 handling fee
Should we do it ?? Or any helpful advice welcome
0
Comments
-
Your aveage APR on £3000 at Barclays is (1188*4.9%+1812*12.9%)/3000=9.73% and rising because your payments go towards cheaper balance first.
Decision whether to move to Mint or not depends on you plans of repaying the debt. If you move and don't repay this debt during a year you will save more than £60 in interest.0
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