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Apply now, or wait a month or two?

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Hi,

I have a 0% BT card (Barclaycard) which ends at the end of June, and would like to open a new card and transfer the balance there, again at 0%.

I have been looking at the market, but would appreciate your thoughts on whether to open the Virgin account I have chosen (0% for 15 months) now, or whether to wait for another month or so closer to the end of my current term?

Waiting would obviously give me longer at 0% in the long term, but would it be a risk as the current deals could disappear soon, due to the financial climate?

I guess applying now might not make a difference, as they may reduce the term to 14 months in April, so applying now wouldn't lose me any time?

What do you think?

Thanks,

Ian

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  • ---lee---
    ---lee--- Posts: 921 Forumite
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    It sounds like you've done your homework. Virgin MBNA is a good choice. I would apply in plenty of time - would April be soon enough? There are other long term 0% deals (http://www.stoozing.com/0fees.php) - it seems unlikely they would all be withdrawn at the same time. Abbey should be your last resort as they can be very slow/problamatic.
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