We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Should I Balance Transfer??

geordie_ben · 2009-08-06 12:54:34

I have £4901.11 on a Halifax Credit Card (£9000 limit) at 5.2% and I pay £500 a month off this and if all goes to plan this will be paid off by June 2010 I also have a Virgin Credit Card (£3000 limit) with a zero balance. Virgin are offering existing customers a promotion to balance transfer until June 2010 at 0% with a 5%…

Comments

CannyJock Posts: 3,838 Forumite

6 August 2009 at 11:52PM edited 7 August 2009 at 12:09AM

Might be an Open Office function not in Excel, don't have Excel on this laptop at the moment to check. It converts APR into the annual uncompounded rate. Try opening the field and closing it again - or type in 5.08%

"A child of five could understand this. Fetch me a child of five." - Groucho Marx
0