Help

saverraver_3

I currently have 2 credit cards 1 with £3300 the other with £2300, what i want to do is get these on a permently low rate, i currently habve 15.9 on the 3300 and just had the 2300 dropped to 14.9, what would you advise on these, get a loan and pay them off, orget a low rate of 4.9 on balance transfer andkeep paying what i am now on the monthly

canny_yorkshireman_2

apply for a card with a life of balence transfer which has a good low rate martin has details on his site this should at least give you scope to pay off more of the capitol than intrest
hth

The_Boss

A loan wouldnt give you as much flexibility in terms of how much you pay off each month, but chances are you would pay it off sooner and pay less interest. As said above, you could apply for a LOB card or you could go for a Capital One card wih 15 months 0% rate. What are your credit limits on both cards? Are the figures you quote close to the limits?

saverraver_3

yes both are within 200 of the cards limits, i am currently looking at intelligent finance card 4.95% until balace is paid off, but just a query on this in the introductory offer it says 4.95 until balance is paid off but then in the monthly rate it says 1.312% each month, but in the annual rate it says 16.94% so could anyone tell me would my rate be at 4.95% or 16.94 after so long

saverraver_3

please help on this as if its for life of balance i am going to go with it, but i dont want to go with something that isnt what i want

JasonW_2

Well you want a life of balance card with as low an APR as possible but you might struggle to get one with a big enough limit. Also make sure you do NOT spend on the life of balance card!

J