Virgins 0% BT question...is this cheeky?

kriss_boy

fozmcfc wrote: »

Besides I guess if people are balance transferring in the first place, they are because they are paying a lot of interest on an outstanding debt, so spending on the card should be the last thing they should do.

I bought a car for 4K in Feb but opted to put a large proportion on my credit cards rather than take out finance.

I absolutely detest having money on CCs but Im trying to pay the lot off by summer next year which would be quite good going.

Other than that Im addicted to signing up to new CCs to get the perks, vouchers or cashback etc. I reckon my credit rating must be horrifically bad but as Ive had about 5 or 6 different cards in the last 2 or 3 years alone!

CannyJock

Are you keeping all these cards or cancelling them?

5 or 6 cards over a few years isn't that many, but no point holding onto them if you're not getting any benefit from them. Will also help you when applying for new cards incase you need to keep tarting the balance.

YorkshireBoy

fozmcfc wrote: »

I also though pay by debit card a further amount online because if I was paying just £25 I would never pay the debt off in 16 months.

If you have some self-discipline you could be saving that additional money and making some interest along the way.

I suppose it could be very awkward if someone didn't have a debit card and so were stuck with just being able to pay off £25 a month.

Not really. They could make their additional payments via...

1. Cheque by post
2. Online banking
3. Telephone banking
4. Cheque/cash payment at their bank branch, using the BGC tear off slip at the bottom of the statement