Advice for a credit card Shuffle

RammytheRam

Hi

A bit of advise would be welcome on how to shuffle this lot around.

Card Limit Balance Interest

HSBC 6500 5200 18.9
Barclaycard 4600 850 10.4
Beneficial F closed 3200 19.9
Amex Gold 1400 0 1.6 per month
Amex Blue 2400 0 1.56 per month
Coop Gold 11400 0 21.8 Transfer offer 4.9 + 3% 12 months

I've not checked Barclaycard for any deals yet.

Whats the best way to do it

Regards

CannyJock

RammytheRam wrote: »

Card Limit Balance Interest

Amex Gold 1400 0 20.98% APR
Amex Blue 2400 0 20.41
Beneficial F closed 3200 19.9 APR
HSBC 6500 5200 18.9 APR
Barclaycard 4600 850 10.4 APR
Coop Gold 11400 0 21.8 Transfer offer 4.9 + 3% 12 months

With any luck you'll get a 6.9% or 7.8% LOB offer from Barclaycard. The 4.9 +3% is basically 7.9% but only for 1 year I'll assume you get both.

Barclaycard -> Coop (850) - get a nil balance statement before BTing onto Barclaycard. If your Coop offer is time limited then maybe don't bother and just accept chance of interest on the £850.

Benefiicial -> Barclaycard (3200)
HSBC -> Barclaycard (1400)
HSBC -> Coop (3800)

If you don't get a LOB deal with Barclaycard then just transfer the other balances onto the Coop card and hold onto the Barclaycard for a LOB offer further down the line.

RammytheRam

Thanks for that Jock. I'll take your advise

Regards

Rammy