balance transer dilemma

mredmred

I've got a bit of a dilemma.

I had a bank of Scotland credit card - balance £853 (23.9%)
I also have a Sainsburys CC - balance £3100 (was 19.9% but asked and they reduced it to 17.9)

I've recently applied and been accepted for a tesco cc (£3000 limit) on 14 months 0% balance transfers - after the 14 months balance transfers will be 18.9%

I've transferred the BOS balance to the tesco card and am debating should I balance transfer some of the sainsburys.

Also which is best to pay off first the 0% or the sainsburys?

Moggles_2

I've transferred the BOS balance to the Tesco card and am debating should I transfer some of the Sainsburys [balance]?

Well, clearly this would save you money. What's holding you back, I wonder?

Also, which is best to pay off first, the 0% or the Sainsburys [balance]?

I'd concentrate on paying off as much as possible on your Sainsburys card. Clearing this debt ASAP will reduce the interest you pay and you'll be building a better credit history in the process

mredmred

thanks,

Thats what I thought and hopefully by the time the tesco 0% deal is up I'll have the sainsburys paid off and will be able to get another 0% deal or a low LOB deal

clio

Moggles/anyone re: the tesco card. Do they allow balance transfers after a certain ammount of time or do they have too be done in a certain time. Think its in the 1st 12 months but cannot locate t&c's for my card.

Moggles_2

clio wrote: »

Moggles/anyone re: the Tesco card. Do they allow balance transfers after a certain amount of time or do they have to be done in a certain time? Think it's in the 1st 12 months, but cannot locate t&c's for my card.

When I applied last November 2008, it was 0% on BTs for 14 months from account opening.

Tesco has reasonable telephone back-up during normal business hours. For peace of mind, I'd call Tesco Finance on 0800 505 555 (to avoid the perishing 0870/0845 numbers)